‘Political Pressures’ Behind Delayed Telecom Probe Hearing
The parliamentary hearing of an investigation into five million unlicensed mobile phone lines distributed by Iraqi telecom giant Zain Iraq has been postponed because of “political pressure”, alleged Ihsan al-Awwadi of the parliamentary communications and information commission. Scheduled to be held on Monday, the hearing to confirm the allegations against Zain has been delayed until […]
Iraq Business News Goes Arabic
At Iraq Business News, we realise how important it is for our readers to have access to the best possible information on Iraq and the industries that operate there. So far, we have brought you the latest news in the English language only, but we are happy to announce that we are now able to […]
Iraq's Southern Exports Hit 6-month High
Reuters reports that Iraq's oil exports from its southern ports jumped last month to a six-month high, reflecting efforts by foreign oil companies to boost production. Exports from the Basra oil terminal and Khor al-Amaya averaged 1.77 million bpd in July, shipping data tracked by Reuters showed. That is the highest since 1.8 million bpd […]
Broadway Malyan Completes Masterplan for $10bn Sadr City
International architecture, urbanism and design practice Broadway Malyan has delivered the concept masterplan for the ‘10×10’ project in Iraq, involving a 17km² extension of Sadr City, Baghdad, and the creation of New Sadr City. The practice’s masterplan is a major milestone in the realisation of the project, named 10×10 because of its predicted $10 billion […]
WesternZagros Amends Production Sharing Contract in Kurdistan
WesternZagros Resources has announced that it has finalized an agreement with the Kurdistan Regional Government of Iraq ("KRG") and Talisman (Block K44) B.V. ("Talisman") to amend the original Production Sharing Contract ("Original PSC") that governed the Company's exploration activities in the Kalar-Bawanoor Block in Kurdistan. The agreement divides the contract area of the Original PSC […]
Ramadan Agreement: Some Answers but Uncertainties Linger
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. […]
New State University Opens in Kurdistan
AKnews report that a new state-run university was officially opened in Halabja yesterday, 81 km southeast of Sulaimaniya. Speaking at a press conference, university director Khasraw Abdullah told reporters that the institute’s single college - offering courses in Islamic sciences, languages and sports - had been up and running for six months already before yesterday’s […]
Weekly Security Update for 3rd August 2011
Levels of violence rose slightly in Iraq over the past week although conditions remain quieter than much of the year so far. Fewer than 50 people were killed, which is a moderate figure by Iraqi standards, albeit still abhorrently high. A notable number of the dead and injured were caught up in a double suicide […]
NGC Announces A New Power Transformer Tender
North Gas Company invites to bid for a new outdoor power transformer with the following specifications: Rating 2000KVA Cooling: ONAN No-Load ratio : (3.3 /0.4) KV Phases: 3 Frequency : 50HZ No-load tap changer: 2*2.5% Insulation Liquid : Oil Vector Group: Dyn 11 Primary Connection: Delta Secondary Connection: Star-Neutral Ambient Conditions: Tropical/55 celsius degree Neutral C.T […]
IDC Invites To Bid For Supplying Fire Trucks Rosenbauer
Iraqi Drilling Company , one of the Iraqi Ministry of Oil establishments , invites to bid for Supplying Fire Truck Rosenbauer Capacity of 11.000 ltr (Mercedes chasses 6*4 ) , qty /2, in accordance with the conditions and specifications , which can be obtained from the purchasing department at IDC's headquarters in Baghdad. The bidder will […]
Total CEO Faces Trial over Oil-for-Food
A French magistrate has decided to send giant Frence oil company Total and its chief executive to trial on charges that the company engaged in corruption during the United Nations oil-for-food program in Saddam Hussein's Iraq, according to Reuters. The magistrate is sending the company to trial on charges of corruption and involvement in fraudulent […]
Iraqi Politics and Implications for Oil and Energy
While prospects that Iraq could reach its ambitious oil production targets are fading, political instability in a number of oil-producing countries are having adverse effects on OPEC production and spare capacity, according to a new study by the Baker Institute. The report says that the international community is very likely to be reliant on Iraq […]