US to Spend More than $6bn in Iraq Next Year
The United States is to spend more than $6 billion in Iraq in 2012 even though its forces are to withdraw from the country by the end of this year, US ambassador James Jeffrey (pictured) said on Sunday, according to AFP. US President Barack Obama announced on October 21 that the last troops would leave […]
Kurdistan Economy to Grow by 12% Next Year
Barham Salih [Saleh], the Prime Minister of Kurdistan's Regional Government, said he expects 12 per cent growth in the region’s economy next year. Speaking at the opening ceremony of the Sulaimaniyah Trades Fair, Salih (pictured) praised the economic boom in the Kurdistan Region. “This city [Sulaimaniyah] used to be like a military camp, a war […]
Shahristani Clarifies Iraq's Oil Production Target
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), clarified Iraq's target of producing 12 million barrels per day of crude oil. The 12 million bpd was, he said, a capacity figure, and would not necessarily mean that this quantity of oil […]
Scotland can work with Kurdistan’s Aberdeen
By Tavish Scott, Member of the Scottish Parliament. This article was originally published by The Scotsman, and is re-published here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A familiar face walked across the hotel lobby. Former BP boss Tony […]
Waterford Increases Stake in Gulfsands
Waterford Finance & Investment Limited disclosed after the close of Monday's business on the London Stock Exchange it has increased its holding in Gulfsands Petroleum to 12.7%. This follows an increase to 6.39% on Wednesday, and to 9.27% on Friday. Waterford is an investment vehicle controlled by Russian investor Michael Kroupeev. Shares in Gulfsands Petroleum […]
UN Special Representative for Iraq Visits Kuwait
During an official visit to the State of Kuwait on 23 - 25 November, the Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Martin Kobler, was received by the Amir of the State of Kuwait, H.H. Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, in the country’s capital, Kuwait City. SRSG Kobler also met with […]
USAID Participates in Iraq Agro-Food Expo
The U.S. government through the United States Agency for International Development (USAID) participated this week in the 4th Iraq Agro-Food Expo in Erbil, showcasing the success of the USAID-Inma Agribusiness Program and highlighting beneficiaries. The success of this program is an example of US-Iraqi cooperation, under the auspices of the Strategic Framework Agreement, in support […]
Iraq Stock Market Report
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th November 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,321 / $1,465, -0.4%. The number of weekly traded shares was 6.9bn and the weekly trading volume was ID8bn ($6.9mn). […]
State Company of Fertilizer Announces A New Mechanical Equipment & Supplies Tender
State Company of Fertilizer / South Region announces a new tender for : - A complete thermocouple type (k) without thermowell from Okazaki manufacturing - Japan or equivalent -Angle Stop Valve -Bearings Who ever desires to participate in this tender may get conditions & specifications from the company site in Basrah against the payment of […]
Dismantling, Transportation & Installation of Al Hinedia Tower
Iraqi telecom & post company (T.T.P.C) one of the branches is pleased to invite the willing companies to present their offers to above mentioned tenderDismantling, transportation and installation of Al Hinedia Tower (40meter) The contractors should have the ID contractors classification of civil engineering & mechanics issued according to the law of registration & classification […]
Shell Signs $17bn Iraqi Gas Deal
Shell, Mitsubishi and the Iraqi government have finally signed the $17.2 billion deal on Sunday to capture flared gas at Iraq's southern oilfields. The 25-year project is intended to boost production of badly needed electricity and reduce the environmental damage caused by flaring, as well as opening up the possibility of gas exports. It will harness […]
Iraq Again Demands Exxon Response on Oil Deal
Iraq's oil minister said on Sunday that Iraq will send ExxonMobil a further letter demanding an explanation of its contract with the Kurdistan Regional Government (KRG) after receiving no response so far from the U.S. oil group, according to a report from Reuters. "So far we have sent Exxon three letters and tomorrow we will […]