New Gulf Keystone Corporate Film
Gulf Keystone has just put a new corporate video on its website. The film is very professional and gives an excellent overview of the company and its operations in Iraqi Kurdistan. Please click here to view the film.
DNO Starts Export Production Tests, 10k bpd from Tawke
DNO can confirm that export production tests at the Tawke oil field in the Kurdistan Region of Iraq commenced on 2 February. At present, the tested volumes are around 10,000 bopd. The technical tests are being conducted in close coordination with the Kurdistan Regional Government and the Northern Oil Company to ensure a responsible and […]
How Will Egypt Affect Iraq?
With political and social upheaval, first in Tunisia and now in Egypt, the big question on many minds at the moment is to what extent the unrest will spread to other countries in the Arab world. But despite the undoubted poverty in Iraq, it is rarely mentioned as possible candidate for a popular uprising, and […]
Iraq Expects $30bn Investment in 2011
Iraq expects private investment in its economy to triple to $30 billion [36 trillion Iraqi dinars] this year, as energy, agriculture and housing projects accelerate now that the country has formed a new government, a senior government official said on Tuesday. Investment exceeded $10 billion last year, Salar Mohammed Ameen, vice chairman of the National […]
Gulf Keystone Likely Takeover Target: COO
According to a report from Reuters, oil explorer Gulf Keystone sees itself increasingly as a potential takeover target, but has not received any serious takeover approaches so far. "As the political situation between Iraq and Kurdistan gets more and more stable... you have to think that somewhere along the line there'll be some kind of […]
Iraq's Jan Oil Exports Highest Since 2003
Iraq exported an average of 2.163 million barrels of oil per day in January, up from 1.951 million bpd in December, its highest level since the 2003 U.S.-led invasion, a top oil official said on Wednesday. Falah Alamri, head of the State Oil Marketing Organisation (SOMO), told Reuters on the sidelines of an energy conference […]
Kurdish Govt to Hire 25,000 in 2011
Barham Salih, Prime Minister of Iraqi Kurdistan, said on Wednesday that the Region can employ an additional 25,000 people in 2011. The declaration came at the sidelines of the International Symposium for Kurdistan Health System Reform, currently underway in Erbil, according to the report from AKnews. The ministries of education and interior have priority for […]
Iraq's Petroleum Sector Following Establishment of New Unity Government
By Thomas W. Donovan, Managing Partner at Iraq Law Alliance, PLLC. Introduction On December 20 2010 a new unity government was announced, whereby former Prime Minister Nouri Al Maliki maintained his position and Iyad Allawi, who won the most seats in the March 2010 election, joined in a special power-sharing deal. Unsurprisingly, the upstream petroleum […]
OPITO Wins Iraqi Oil Training Contract
British training body OPITO has signed a landmark memorandum of understanding with the Iraq Ministry for Oil, Training and Development Directorate to help the war-torn country develop the skills and training necessary to enable exploitation of its hydrocarbon resources. With Iraq gearing up to produce 12 million barrels of oil per day, OPITO estimates they […]
KRG Signs MoU with Veneto Region of Italy
The Kurdistan Regional Government (KRG) signed a broad agreement with the Veneto region of Italy in Venice to strengthen political, economic, and cultural ties. The Memorandum of Understanding (MOU) was signed on behalf of Kurdistan Region’s President Masoud Barzani by his Chief of Staff Dr Fuad Hussein, and by the President of Veneto Region Luca […]
Emirates First Flight to Basra
Emirates has marked its 110th international destination today with its inaugural flight to Basra, the airline's first service into Iraq. Emirates is the largest international carrier to operate services into Iraq, helping link the country to the rest of the world through its convenient connections in Dubai. “Iraq is experiencing a surge in growth and […]
Report on Iraqi Infrastructure
Infrastructure continues to be the key focus of reconstruction efforts in Iraq, as the country grapples with electricity shortages, a scarcity of housing and insufficient transport links. In BMI’s view, improving core economic social infrastructure provision should help place the country on the path to economic normalcy. The key areas of focus continue to be: […]