New UN Special Representative for Iraq
United Nations Secretary-General BAN Ki-moon today announced his intention to appoint Mr. Martin Kobler of Germany as his Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI). He will replace Ad Melkert of the Netherlands who served in Iraq since July 2009. The Secretary-General is grateful for Mr. Melkert’s […]
STX Group Plays Down Risk of Power Deal Failure
According to reports from Reuters, the Korean giant STX Group has played down the possibility that its $2.76 billion power deal with the Iraqi government may collapse. Following report that STX was running out of time to secure a third party financial guarantor, the shipping-to-energy conglomerate says the contract does not mention a three-month deadline […]
Heritage Starts Drilling at Miran West-3
Heritage Oil has announced that it has commenced drilling the Miran West-3 well in the Kurdistan Region of Iraq. Highlights The Miran West-3 well has commenced drilling with the primary objective of appraising the Miran West structure The well is targeting both the Jurassic and Cretaceous reservoir formations encountered in the Miran West-1 and Miran […]
ShaMaran Up on Results
Shares in ShaMaran Petroleum Corp were up 7% on Friday following the announcement of its financial and operating results for the second quarter of 2011 Highlights A major oil discovery in the Atrush Block was announced by the Company on April 13, 2011. The Atrush 1 well flowed at rates totalling over 6,393 bopd of […]
Arson Epidemic Linked to Corruption Investigations
In Iraq almost all official records are kept on paper. So what better way to kill the paper trail that corruption investigators are tracking, than burn the evidence? A rash of fires inside government buildings has led to calls for further investigation. A recent rash of small fires inside the offices of various ministries and […]
23 Iraqi Companies Suspended
According to a report from Rabee Securities, the Iraq Securities Commission (ISC) is suspending trading in the companies listed below, starting Monday, August 8th, 2011. The reason is their violation of instruction # (14) related to financial disclosure; their failure to submit their annual reports for 2010 and/or quarterly financial reports for first quarter 2011 […]
Is the Iraqi Presidency an Appellate Court?
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. […]
Politician Injured in Rocket Attack
Iraqi politician Ayad Jamal ad-Din was injured in a rocket attack on his home earlier in the week. The weapon, believed to have been fired from southern Baghdad, slammed into his house in the normally quiet district of Jadriyah. He may be the latest victim of a string of attacks targeting politicians, mid-level ministry employees […]
GFC Re-Announce For The Tender Of Supplying 4000 Tons of Body Plate for L.P.G. Cylinder
Gas Filling Company -one of the Ministry of Oil companies –has the pleasure to re-announce for the tender of supplying (4000) tons of (Body plate for L.P.G cylinder) from origin ( Belgium or West Europe or Japan or America) as a part of capitalism budget of 2011, all manufacturer companies & their approved agents companies […]
NGC Announces New Tenders
North Gas Company announces the below tenders: -Automatic Instrument -Spare for SRU 4700 -Complete Z Configuration Skid -Spares of SRU Unit -Supply a complete refrigeration package Please click on the above links to obtain further information about every tender.
Rich Benefitting From Building Boom
The capital of Iraqi Kurdistan is seeing a building boom, as developments go up at around the same rate as real-estate prices rise. Despite all the construction, though, the average citizen still can’t afford their own home. At times Erbil resembles a building site. Construction sites, both residential and commercial, dot the cityscape. Yet the […]
Shell Expands Further in Iraq
Shell Global Solutions has signed an agreement with the South Refineries Company of Iraq for the provision of technology licenses to a refinery in Basra, Southern Iraq. Shell Global Solutions will provide a license for a sulphur recovery unit and visbreaker unit as part of the agreement. Together with the refinery expansion, these technologies will […]