CNPC Gets First Oil Payment for Rumaila
China National Petroleum Corp (CNPC) has started to get paid for developing Iraq's Rumaila oilfield, according to reports from the China Petroleum Daily. The company received its first cargo of oil as payment for helping to develop the oilfield on 28th May, two weeks after partner BP loaded its first shipment. A crude oil carrier […]
Kuwait to Offer Guarantees on Port Project?
Teh Arab Times reports that Kuwait is ready to sign an agreement with Iraq to guarantee that the Mubarak Al-Kabeer port project will not hinder the construction of Iraq's Grand Faw port. According to the Director of Information at the Iraqi Ministry of Foreign Affairs, Aous Al-Tamimi, the Iraqi Minister of State for Foreign Affairs […]
Rabee Securities Opens Office in Erbil
Rabee Securities has announced the opening of a new branch office in Erbil, in Iraqi Kurdistan. The company statement says that the "city of Erbil is fast becoming a commercial and industrial hub in Iraq. Rabee Securities' Erbil branch will be the first branch of an ISX licensed broker dealer to start operations in this […]
The Iraqi Spring Comes to an End
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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Key Bills Moving Through the Iraqi Parliament
The following article was written by Kirk H Sowell, and published in Inside Iraqi Politics. It is reproduced here with permission. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Parliament currently lists 79 bills registered for consideration with a committee (list) but not yet […]
KOGAS Doubles Stake in Akkas Gas Field
KOGAS, the Korea Gas Corporation, will double its commitment to develop Iraq's Akkas gas field, according to a report from the Wall Street Journal. The move follows the withdrawal of its partner, Kazakhstan state gas company KazMunaiGas, from the project. Kogas, will now have a 75% stake in one of Iraq's largest gas projects, up […]
Iraq to Import Iranian Gas
Bloomberg reports that Iraq has signed an initial agreement to import 25 million cubic meters of natural gas a day from Iran in order to supply its power stations. The agreement provides for the installation of pipelines within 18 months to transport gas from Iran to the Sadr and al-Quds power stations in Baghdad, Mosaab […]
Liebherr Considers Investment in Basra
A delegation from the German company Liebherr visited the Basra Investment Commission (BIC) and discussed available investment opportunities and advantages provided by the Iraqi Investment Law to the investor, in addition to the support for the industrial projects in Basra. The delegation presented a project to build a maintenance center, training center, laboratory and factory, […]
Iraq's Wheat and Cotton Threatened by Invasive Weed
The United Nations Food and Agriculture Organization (FAO) has reported that it is assisting farmers in Iraq and Syria to battle a devastating alien weed that sucks nutrients from the soil and starves crops of much-needed water. The berries of the weed, known as silverleaf nightshade (Solanum elaeagnifolium), can also poison livestock if ingested, according […]
Bahrain Group Freezes Ties with Iraq
Businessweek reports that an influential Bahraini business group has decided to freeze ties with Iran, Iraq and Lebanon in response to what it claims is foreign meddling during Shiite-led protests in the Gulf kingdom. According to the report, the move by the Bahrain Chamber of Commerce and Industry is likely to ratchet up tensions between […]
Progress on Iraq's Disputed Internal Boundaries
Under the auspices of the United Nations Assistance Mission for Iraq (UNAMI), a meeting was held yesterday, 25 May 2011, by the Standing Consultation Mechanism to advance the resolution of the Disputed Internal Boundaries issues. Attention was given to the security arrangements in the respective areas. Furthermore the participants discussed ways for expediting the holding […]
University of Oregon to Help Basra Univ.
Basra University has entered into a joint agreement with the American University of Oregon, for the development of English language competence in the areas of petroleum engineering and geology at the University. An official source at the university said the agreement aimed at developing the English language capability of the teaching staff and students of […]