Iraq-Japan talks to Develop Bilateral Relations
The Iraqi Parliament’s Foreign Relations Committee has met with the Japanese Charge d’affaires in Baghdad on Monday, to discuss developing bilateral relations between the two countries. “The Parliament’s Foreign Relations Committee received the Japanese Charge d’affaires, Katsuhiko Takahashi, with whom it discussed the bilateral relations between both countries and means to develop them and to […]
Karbala Oil Storage to be Completed March 2012
The Chairman of the Committee for future projects in the governorate of Karbala, Hani Abboud, said in a statement to the press section of the National Media Center that the project to build an oil storage facility in Karbala [Kerbala] will be completed by March 2012. He said the project is being built on a […]
Armenian Ambassador Visits BIC
The Armenian ambassador, Murad Muradian, visited the Basra Investment Commission (BIC) and discussed investment in Basra. He said that," we are willing to invest in Basra for it represents Iraq's most important city and its only port as well as its stable security and economical situation". He also revealed a plan to provide Iraq with […]
ShaMaran Chairman Gives Interview
Following its announcement of a major oil find in Iraqi Kurdistan last week, ShaMaran Petroleum's Chairman, Keith Hill has given an interview to the Canadian Business News Network (BNN). Please click here to see the full interview.
New NIC Guidelines for Foreign Workers in Iraq
The National Investment Commission in Iraq has decided new regulations to decrease the use of foreign labor in Iraq, with the intention of providing more jobs for unemployed Iraqis. The following points were released by the NIC on Tuesday to clarify those regulations: The investor shall decide in advance the rate of the work force […]
Czech Republic may sell combat jets to Iraq
The Czech Republic is planning to offer Iraq a number of light attack aircraft and help Baghdad to modernize its helicopter fleet, Czech Foreign Minister Karel Schwarzenberg said, according to a report from the Russian news agency RIA Novosti. Czech Prime Minister Petr Necas will visit Iraq on May 23-24 to promote closer economic cooperation […]
Iraq to Slash Politicians' Salaries in Weeks
Iraq’s parliament plans to adopt legislation to cut the pay and benefits of top officials by the end of the month, Speaker Usama al-Nujaifi [al-Najafi] (pictured) has said. According to the report from Bloomberg, parliament will start discussing the matter on April 26 and pass either one law or three separate laws by the end […]
British Consul General Visits Basra Investment Commission
The British Consul General in Basra, Richard Wood, visited Basra Investment Commission (BIC) on Tuesday and discussed how best to facilitate British investors entering the province. They also discussed some economic and investment issues, especially those related to the main obstacles facing investors. According to the BIC, Wood expressed his appreciation of the role of […]
Iraq Growing Half its Grain Needs
The Iraqi Agriculture Ministry revealed Sunday that Iraq is producing 50% of the wheat the country requires. The ministry's spokesman, Karim al-Tamimi, told AKnews, "Iraq currently produces only two million tonnes of wheat due to lack of water needed for cultivation as well as the migration of many farmers from villages to cities." "The Ministry […]
New Overland Freight Service to Iraq
Exporters looking to serve the Iraqi oil and gas industry might be interested in the guaranteed twice-weekly express road trailer services between Western Europe and Iraq recently launched by independent freight forwarder F.S. Mackenzie. F.S. Mackenzie says that the service, which caters for express groupage and part-loads, has been launched in response to increased business […]
Sticky Bombs on the Rise
Iraq has seen a rise in the number of sticky bomb attacks over the last week. This is a worrying trend, particularly for the state employees and security force personnel who are being singled out for these attacks. The Tactic Sticky bombs are also known as Under Vehicle Improvised Explosive Devices (UVIEDs). They are […]
WesternZagros to Start Testing at Sarqala
WesternZagros Resources announced this morning that it is preparing to start the planned testing program at the Sarqala-1 well after a successful and incident-free completion of the sidetrack drilling and wireline logging. The sidetrack was drilled through the targeted path in the Jeribe Formation to a total depth of 3,893 metres. Drilling shows and log […]