Furrow Irrigation: Strategy to Save Water in Iraq
By Layth Mahdi, Agricultural Advisor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is divided into two Main Climate Zones. A dry rain-fed zone (300 – 350 mm/year) in the north and a dry to semi-dry (100 – 200 mm/year) in the central-south […]
WesternZagros's Reports 1,900m Oil and Gas in Kurdamir-1
WesternZagros Resources has announced encouraging results from a recently-completed study of the drill cuttings from its Kurdamir-1 well (pictured) utilizing advanced technology. The study, by Weatherford Laboratories in Houston, confirmed the potential of a gross oil and gas interval over 1,900 metres thick in the Kurdamir-1 well. These results significantly increase the Company's confidence of […]
More Stalemate in the Iraqi Parliament
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced 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. […]
Iraqi Identity Crisis?
I recently wrote about the instant Libyan national identity change we all witnessed live on the news as the Libyan revolution fighters tore down the Gaddafi-designed green flag and replaced it with the red, green and black flag of the Libyan Republic. Instant re-branding witnessed by the world at large, and before the existing government […]
Iraq Stock Market Report
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2011). The RSISX index ended the week at ID1,658 / $1,840, +1.6% (weekly change). The number of weekly traded shares was 3.5bn and the weekly trading volume was ID12.3bln ($6.4mn). Non Iraqis executed 666 transactions this week: Buys - 499 transactions, ID1.8bn […]
Iraq Plans 5 Refineries, Worth $30bn
Bloomberg reports that Iraq is seeking about $30 billion in investment to build five new oil refineries as it plans to add enough fuel-processing capacity to avoid importing gasoline and diesel. The projects would boost Iraq’s capacity to refine crude oil into fuel by 900,000 barrels a day, the country’s Deputy Oil Minister Ahmed al-Shamma […]
Genel Energy Plans Acquisitions in Iraqi Kurdistan
Tony Hayward (pictured), the Chief Executive Officer of Genel Energy Plc, a group formed via a merger of Vallares Plc and Turkey's Genel Enerji, said he plans acquisitions in Iraqi Kurdistan. Reuters reports that the former boss of BP told reporters in Istanbul that the company plans to make the acquisitions with its $2.2 billion […]
New Oil and Gas Field Discovered in Anbar
Iraq has discovered an oil and gas field in Anbar province in the west of the country, Bloomberg reports. The Khasfah [Khasfa] field is between Al-Qaim and Rawa, Saadoun al-Shaalan, deputy head of the Anbar province council, said today in a statement. No data on the field’s reserves are available, according to the statement. (Source: […]
Exploring Commercial Opportunities for British Business in Iraq
Foreign Office Minister Lord Howell welcomed the Iraqi Deputy Prime Minister H.E Rowsh Nuri Shaways to the Foreign Office on 9 September. They met to discuss the latest political developments in Iraq and to explore the commercial opportunities for British business in Iraq. The Iraqi Deputy Prime Minister was visiting London to attend a conference […]
Still No Agreement on Iraq’s Parliamentary Membership
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced 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. […]
Video on Rumoured Revaluation of Iraqi Dinar
CNTV video on rumoured revaluation of Iraq's currency, the Iraqi Dinar:
Vallares Merges with Genel Energy
Just over two months after raising more than US$2.0 billion to invest in promising oil and gas projects in developing markets, Vallares PLC ("Vallares" or the "Company") today announces that it plans to merge with Genel Energy International Ltd ("Genel"), the largest oil producer in the Kurdistan Region of Iraq. Genel has stakes in two […]