Iraq Reworks Fees for 4th Energy Auction
Iraq's fourth auction for exploration rights will offer international energy companies a revised remuneration fee formula designed to benefit bidders while encouraging them to minimise costs, according to Reuters. Abdul-Mahdy al-Ameedi, head of the oil ministry's contracts and licensing directorate, told the oil ministry's roadshow in Amman, Jordan, that the ministry has made some alterations […]
Electricity Ministry Studies Offers for 7 Power Grids
A technical committee at the Iraqi Electricity Ministry is studying the offers by international companies to set up power grids in seven Iraqi provinces, according to AKnews. A Ministry spokesman, Musab al-Mudarres, told the agency that the Ministry has began studying eight offers from international companies which hope to establish power grids in Babel, Kirkuk, Nineveh, […]
Baroness Nicholson Apologises for British Visa System
Baroness Emma Nicholson, Executive Chairman of the Iraq-British Business Council (IBBC), has apologised for the complexity and inefficiency of the British visa system. Addressing the opening of the Iraq Mining 2011 conference in London, the Baroness described the visa system as an inhibitor rather than a facilitator of business interests. Several Iraqi delegates to the […]
UK Minister Expresses Concern on Assassination of Iraqi Journalist
The United Kingdom's Minister for the Middle East, Alistair Burt (pictured), has described the assassination of an Iraqi journalist as deeply concerning, saying it threatened to undermine hard won freedoms. Speaking after a meeting with the Iraqi Human Rights Committee on Tuesday, he said: "I was shocked and saddened to hear of the assassination of […]
Ex-Iraq Official Slams Leaders over Graft
Iraq's former anti-corruption chief slammed its leaders Monday, describing graft as "part of the struggle for power", according to a report from AFP. Rahim Hassan al-Uqailee [Judge Rahim al-Akili; al-Ugeily], who last week stepped down as head of Iraq's Integrity Commission, sharply criticised interference in his inquiries, and said he had lost political support for […]
Certiport Partners with BNR Education
Certiport, the official test delivery solution provider for the global workforce and academic markets, announced on Tuesday that BNR Education in Iraq has been recognized as a Certiport Platinum Solution Partner. BNR is the first Certiport partner to earn Platinum status in the Middle East. "BNR has become a Certiport Platinum Solution Partner due to […]
A Return of Illegal Checkpoints?
Illegal checkpoints may be making a resurgence in Iraq. On 12 September militants stopped and killed several Shi'ah pilgrims at one such installation in Anbar province. Recent months have seen a number of similar facilities being set up by armed militants, mainly in the central provinces, but also around some parts of the north of […]
Midland Refineries Company Announces New Tenders
Midland Refineries Company announces the below tenders: -Supplementary instrument & Meters - Electrical Plant Spares -Electrical Materials -General Electrical Material -Caterpillar Equipment Engine -Electrical Plant Spares -Electrical Materials -Supplementary Instrument -Toluene -Barrels Testing Machine -Lab Equipment -Equipments -Screw Pump Please click on the above links to obtain a copy of the document's conditions list.
Dr Sami al-Araji Speaks with Iraq Business News
Following his address to the Iraq Mining 2011 conference in London, the Chairman of Iraq's National Investment Commission, Dr Sami al-Araji, was interviewed by Padraig O'Hannelly for Iraq Business News: Iraq Business News: Dr al-Araji, in your speech you mentioned the visa problems that Iraqis sometimes have entering the UK; what some businesses are also […]
Iraq Targets 3m BPD Oil Production by December
Iraqi Oil Minister Abdelkarim al-Luaybi [Luaibi, Elaibi] said on Sunday that the country plans to produce three million barrels of crude per day by the end of the year, and export 2.5 million bpd next year. The minister told a conference in the Jordanian capital Amman, which is being attended by the 46 oil firms […]
New Iraqi Oil Prices for October
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for October. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]
False Reports of Suspension of Oil Exports from Kurdistan
Following reports that the Kurdistan Regional Government (KRG) had suspended oil exports through the Iraq-Turkey pipeline, the KRG has issued the following statement: The Ministry of Natural Resources of the Kurdistan Regional Government would like to state that there has been no policy decision for suspending oil exports from Kurdistan via the Iraq-Turkey pipeline. Over […]