Iraq Drilling Company announces a new tender
Iraqi Drilling Company invites to bid for supplying integral equipments for cementing units. Whoever is willing to participate in this tender from Supplying Companies , Manufacturers or their authorized representatives should submit their offers in a two sealed envelops marked "Technical & Commercial" respectively tender's name & number should be written on each envelop. The […]
ShaMaran to List on NASDAQ First North
ShaMaran Petroleum Corp. has announced on Monday that it intends to apply for a secondary listing of its Common Shares on the First North list of the Nasdaq OMX Stock Exchange in Stockholm, Sweden. E. Ohman J:or Fondkommission AB has been engaged as the Company’s financial advisor in connection with the secondary listing. Trading on […]
Heritage Oil Releases 2010 Annual Report
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company with operations in Iraqi Kurdistan, has released its 2010 Annual Report & Accounts. Please click here to download a copy (6.3 MB).
DNO Releases Final Audited 2010 Annual Report
DNO released its final audited 2010 Annual Report on Friday. DNO's financial results are unchanged from what was presented to the market as the preliminary financial results on 17 February 2011. In 2010 the Company delivered revenues of NOK 1,252 million and an operating profit of NOK 157 million. The EBITDA in 2010 was NOK […]
Baghdad-Aleppo Rail Line Completed
The railway connecting Baghdad with the Syrian city of Aleppo was officially completed on Sunday, the Iraqi Transport Ministry announced. AKnews reports that the project involved constructing a 150 km connecting spur. The trains will travel up to 100 kilometers per hour. A spokesperson for the General Railways Company told AKnews: "The railway line between […]
Karbala Grants Licences to 27 International Companies
The local council in Karbala [Kerbala] has granted 27 investment licences to international and Arab companies, including an Iranian company, the chairman of the Karbala council said on Monday. “All news assertions that Iranian companies control the Karbala market are baseless,” Mohammad Hamad al-Moussawi told Aswat al-Iraq news agency. “There is only one Iranian investment […]
Jordan's Ambassador Visits Erbil to Pave Way for Consulate Opening
Jordan’s Ambassador to Iraq Mohammad Taisir Masadeh last week met President Masoud Barzani, Prime Minister Barham Salih and ministers in Erbil to assess the latest developments and pave the way for a Jordanian consulate to open soon in the Kurdish capital. President Barzani and Ambassador Taisir discussed strengthening cooperation and coordination between the Kurdistan Regional […]
Kurdistan and Iraq can be Model for Middle East
Members of the European Parliament this week in Erbil met the Kurdistan Region’s leadership. The head of the delegation Mr Struan Stevenson said to President Barzani that Iraq and Kurdistan could provide a model in the Middle East of how challenges can be solved through democracy. When meeting President Barzani, Mr Stevenson said that his […]
The Death of Bin Laden
Security measures have been heightened in Iraq following the killing of Osama bin Laden. The authorities are expecting the possibility of a retaliatory attack by radical jihadists in response to the news of his death. However, the impact of the killing may be relatively limited. Weakened Organisation Al-Qaeda is neither the powerful organisation it […]
Oil and Energy Committee Urges Postponement on 4th Licensing Round
The fourth round of oil licensing should be postponed, the chairman of the Oil and Energy Parliamentary Committee said on Sunday, according to a report from AKnews. The committee has made a formal request to the Ministry of Oil asking them to delay the awarding of licences. Chairman Adnan al-Janabi, told AKnews that the fact […]
Parliamentary Committee to Consider Kurdish Oil Contracts
The Oil and Energy Parliamentary Committee will discuss the controversial oil contracts awarded by the Kurdistan Regional Government (KRG) in Iraq amid objections from the Federal Oil Ministry, it was announced on Monday. The contracts were awarded in 2009 by the KRG, but were never officially recognized by the central government in Iraq, who said […]
DNO to Pay Damages and Costs up to $92m
Reuters reports that Norwegian oil company DNO said it had resolved a long dispute over former U.S. diplomat Peter Galbraith's middle-man role in a 2004 Iraqi oil deal by paying damages and legal costs as high as $92 million. That compares to the $55 to $75 million in damages DNO estimated last October it would […]