New Investment in Iraq's Marshes
Basra's Investment Commission says it is making efforts to attract local and foreign investors to the Al-Ahwar (The Marshes) areas south of Iraq, according to a report from Aswat al-Iraq. Haidar Ali Fadhil, Director of the Commission, added that all sectors will be considered, but with a focus on tourism and agriculture in particular. The […]
SOMO deals with International Companies to sell Iraq crude Oil
Iraq's Ministry of Oil stressed that it is cooperating with international companies to sell crude oil, pointing that Iraq is the only country that exports its crude oil to more than 25 international companies. On the sidelines of a forum held by SOMO over Iraq’s oil exports mechanisms the director of Iraq's State Oil Marketing […]
Iraq Tenders for 1.3 m T Gasoline for H2
War-torn Iraq, a major buyer of oil products, is seeking nearly 50 per cent more gasoline in a fuel tender for the second half of the year, trade sources said on Monday. Iraq's State Oil Marketing Organisation (SOMO) has issued a tender to buy 1.3 million tonnes of gasoline, around 500,000 tonnes of gas oil […]
New Report on Iraq's Proposed Oil Company Law
This work was written by Ahmed Mousa Jiyad, and it is reproduced here with his permission. It was originally published by MEES v53:n24, Monday 16 May 2011. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies-CGES, London. He was formerly a senior economist with the Iraq National Oil […]
Petronor Clinches Shell Agreement to Join Iraq Energy City
Petronor FZE, an oilfield services company operating in Iraq, announced today that, following South Oil Company (SOC) approval, has signed a contract with Shell to provide offices and accommodations in its Iraq Energy City near Basra. A next-generation oilfield supply base, Iraq Energy City provides working and living space to a wide-array of oilfield service […]
Diwaniya Council to Close Zain Offices in Protest
According to a report from Iraq's National Media Centre, the provincial government in Diwaniya will close the regional offices of mobile phone operator Zain Telecom on Saturday, in solidarity with the campaign to boycott the company to pressure it to improve its services. The Chairman of the council's Committee on Transport and Communications complained about […]
Wheat and Barley Harvest Begins
The harvesting of wheat and barley crops has began in northern Iraq’s Kirkuk Province on Sunday, according to a report from Aswat al-Iraq. Kirkuk’s Agriculture Director, Mahdi Mubarak told Aswat al-Iraq news agency: “The campaign to harvest wheat and barley crops began in Kirkuk areas today [Sunday], May 15th, for the harvesting of more than […]
Iraq Buildex Exhibition 2012
Iraq’s rebuilding process has been the main focus of a massive number of local and international building and construction companies as well as contractors and sub-contractors. Tens of billions of dollars have been invested in housing projects, hospitals, schools and infrastructure in Iraq over the past years and Baghdad, being the capital city of Iraq, […]
Iraq has 200b Barrels Oil Reserves - Shahristani
Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, has said that Iraq has oil reserves of 200 billion barrels, according to Aswat al-Iraq. This would place Iraq in third place in the worldwide rankings of oil reserves. While the officially-announced oil reserves are 143 billion barrels, the report says that this does not include […]
Dana Gas Announces 180% Increase in Net Profit
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, and which has operations in Kurdistan's Khor Mor, has announced its financial results for the quarter ended 31st March 2011, with a Net Profit after tax of AED 92 million, a 180% increase compared to the first quarter of 2010, and a […]
How the Iraqi Govt Can Help Iraqi Growers
By Ronald P Verdonk, Agricultural Counselor at the U.S. Embassy in Baghdad. In my last piece I made mention of a sizable irrigation equipment purchase by Iraq’s Ministry of Agriculture and underscored the role the private sector needs to play to contribute to the revitalization of the agricultural sector. In this edition of the blog, […]
Four Oil Wells Drilled at Halfaya
The consortium of Chinese, Malaysian and French companies working on the Halfaya oil field, 35 km east of Amara, in Maysan [Missan] province, have completed drilling four oil wells. Ali Altarfi, the media department of Missan Oil Company, told Aswat al-Iraq that, "the plan is to drill 300 wells in this gigantic oil field within […]