Mott MacDonald sees Great Opportunities in Iraq
Mott MacDonald’s director of oil, gas and petrochemicals, Azfar Shaukat, told attendees at the Iraq Petroleum Conference of great potential in the oil and gas sector, but warned companies they will have to be patient until significant investment is found. The event, held at the Landmark Hotel in London, UK, focused on the next phase […]
Iraq Boosts Getech Sales
British oil exploration data group Getech told the Yorkshire Post on Monday that sales from its Iraq service had risen to over $750,000 since December. The Leeds-based firm said it had received an order for more than $500,000 and its full reprocessed and integrated data sets have been available for general sale to the oil […]
Details of Karbala Monorail
Iraq's National Investment Commission (NIC) has issued details of a proposed new monorail transport system for the city of Karbala. Project Name: Karbala Monorail General Specifications: Concrete monorail train that goes 6 meters above the medium sideway. Length of the preliminary line: Length of the operating lines: 15 KM The second and third phases to […]
Can US Aims in Iraq Be Squared with Iraqi Sovereignty?
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. […]
KRG President Barzani Thanks Outgoing Dutch Ambassador
President Masoud Barzani thanked the outgoing Dutch Ambassador to Iraq, Peter van Leeuwen, who was on a farewell visit to the Kurdistan Region on Wednesday, for his exceptional contribution to strengthening the friendship between the people of the Kurdistan Region and the Netherlands. During their meeting in Erbil on Wednesday, President Barzani thanked the ambassador […]
Iraq and China Strengthen Relationship
Iraq has asked China to set up a fund to help with the reconstruction of the war-battered country, Iraqi government spokesman Ali al-Dabbagh said on Monday during a visit to Beijing by Iraqi Prime Minister Nuri al-Maliki. Reuters reports that he also said Baghdad was keen to get Chinese companies investing in the country, which […]
Shell Planned Shut-Down at Majnoon
Shell has reportedly begun a planned three-day production shutdown at Iraq's Majnoon oilfield for upgrades and maintenance. The field, which is currently producing around 65,000 barrels per day (bpd), is expected to restart output on Wednesday, a company spokesman said. Majnoon is one of the fields awarded to international companies as part of the OPEC […]
British MPs: Kurdistan a Success Story in the Making
British MPs yesterday launched a report on their most recent fact-finding visit to the Kurdistan Region at a press conference in the UK parliament. The MPs concluded that although Kurdistan has to urgently overcome some defects, it is an inspiring success story in the making which deserves stronger support. Meg Munn, the Co-Chair of the […]
Trade Bank of Iraq "Operating Normally"
According to a report from Reuters, the new president of the Trade Bank of Iraq said on Monday that the bank is operating normally and expansion plans are moving ahead, its new president said on Monday to allay fears of correspondent banks after its former chief fled amid allegations of financial irregularities. To allay fears […]
Storm Continues over New Kuwaiti Port
Construction of a port near Iraq's coast is moving ahead as scheduled despite increasingly vocal opposition from Baghdad, government engineers said this week, according to a report in The National. Iraqis say the Mubarak al Kabeer port being built by Kuwait on Boubyan [Bubyan] Island will strangle their own shipping industry by blocking access to […]
Kuwait, Iraq Clash Intensifies Over Nuclear Project
In addition to the dispute between Iraq and Kuwait regarding the new Mubarak port in Kuwait, the two countries are also reported to be in conflict about the planned siting of nuclear reactors. Press TV reports that the head of the Kuwaiti national committee for nuclear power, Ahmad Bisharah, has said that Kuwait is planning […]
Political Shadow Remains Over Key Bank
The following article was published in the latest edition of Inside Iraqi Politics, and it is reproduced here with the publisher’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Full Text of Inside Iraqi Politics Issue No. 18 (PDF) Prime Minister Nuri al-Maliki’s […]