Hermes Wins Iraq Communications Contract
Hermes Datacommunications Middle East, a key specialist providing Wide Area Network communications to the upstream oil and gas industry has secured a contract to provide Very Small Aperture Terminal (VSAT) communications to Expro North Sea Ltd in Iraq. The contract outlined will include a fully managed VSAT network, bandwidth, equipment, installation and support to The […]
Etihad - Record Increase in Revenues
Etihad Airways has reported its most successful first half year, with revenues up 28 per cent to US$ 1,720 million (H1 2010: US$ 1,342 million), driven by solid performances in both passenger and cargo activities. A 2 per cent reduction in costs per available seat kilometre, despite large increases in oil prices, also helped deliver […]
Shell, Mitsubishi, Sign Iraqi Gas Capture Agreement
Shell and Mitsubishi signed a final draft agreement with Iraq on Tuesday for a deal worth between $12 billion and $17 billion to capture flared gas at the southern oilfields. The long-awaited deal still needs the approval of Iraq's cabinet, Oil Minister Abdul-Kareem Luaibi [Elaibi] said in a statement. The Iraqi government will hold 51 […]
US Consulate General opens in Erbil
US Deputy Secretary of State Thomas Nides yesterday opened the United States Consulate General in Erbil. He was joined at the ceremony by Kurdistan Region President Masoud Barzani, Prime Minister Barham Salih, Speaker of Parliament Dr Kamal Kirkuki and other KRG and American senior officials. The solid relationship that the Kurdistan Region has maintained with […]
Iraqi Oil Pipeline to Syria Blown Up
Aswat al-Iraq reports that an Iraqi oil pipeline, carrying crude oil to Syria, was blown up northwest of Mosul on Sunday, stopping oil exports to Syria Ninewa police source said “a group of armed men have blown an oil pipeline carrying crude oil from northwestern Mosul’s Ain-Zalah refinery to Syria”, adding that the explosion took […]
Iraqi-US Business Council Opens in Basra
The chairman of the Iraqi National Investment Commission (NIC) has announced the official launch of the Iraqi-U.S. Business Council in Baghdad, which will be an extension of the American Chamber of Commerce in Iraq. The council will deal with the Iraqi private sector to encourage economic development, particularly in small- and medium-sized industries. NIC Chairman […]
2nd Basra Oil & Gas is heading for a Record
Advertising Feature The 2nd edition of Basra Oil & Gas, taking place from 25-28 November 2011, is set to be the largest industry event to date in Iraq. It will certainly exceed the record of the first event which hosted 218 exhibiting companies in 2010. 2nd edition is assumed to be held with more than […]
UN's Ad Melkert on World Population Day
Speech by the Special Representative of the Secretary-General for Iraq, Ad Melkert, on the World Population Day. Today is a welcome occasion to highlight the new stage that Iraq has embarked upon after so many years of suffering and devastation. It is the stage of substituting the confrontation of the past for cooperation towards a […]
DNO Up 8% on Increased Reserves
Shares in DNO International jumped 8% on Tuesday following its report of a more than doubling of reserves for the Tawke oil field in the Kurdistan region of Iraq, as a result of a review and assessment by a firm of independent reservoir engineers. The just completed audit of reserves by France’s Beicip Franlab places […]
Groundstar, Vast, Slump on Qara Dagh Update
Shares in Groundstar Resources closed down 29% on Monday, with Vast Exploration down 54%, following their report of unsteady output at the Qara Dagh - 1 exploration well in Kurdistan, Iraq. Drilling of the Qara Dagh - 1 well has reached a total depth of 3,908 meters, has been log evaluated and, as previously reported, […]
Hotels Head for Iraqi Kurdistan
Major U.S. hotel brands are moving into the north of Iraq, a reflection of growing economic development in the Kurdistan region of a country that most U.S. consumer brands have long avoided. Marriott International signed agreements on Sunday with Empire Iraq to manage two new properties in Iraq’s Erbil. The agreements, signed at the newly […]
FMG Iraq Fund Reports First Year Results
The FMG Iraq Fund has grown by + 25% since it began in May 2010. Year to Date the fund is up + 10% and in the month of June it was up by an estimated + 4.1%. The Fund invests mainly in stocks listed on the Iraq Stock Exchange (ISX) and to a lesser degree in off shore listed […]