Gulf Keystone Updates Kurdistan Operations
Gulf Keystone provided an update this morning on its active work program in Kurdistan. Sheikh Adi - 1 The Sheikh Adi-1 exploration well is currently at the 13.375 inch casing point at the bottom of the Cretaceous interval after side tracking around a section of the bottom hole assembly that had become stuck in the […]
Maaqal Port Receives Record Number of Ships
Southern Iraq's Maaqal Terminal port in Basra Province has received 288 ships in 2010, more than it did in any year since 1980, a Transport Ministry statement said. "The reason for such large number of ships, that was received by Maaqal Terminal in 2010, is due to the projects built as part of the reconstruction […]
Gulf Keystone - Ryder Scott Kurdistan Study Results
Gulf Keystone this morning announced the completion of an additional third party analysis of the gross oil in place resources resulting from the Shaikan-1 discovery well. The Company has previously reported gross oil in place resources, on a P90 to P10 basis, of 1.9 to 7.4 billion barrels with a mean value of 4.2 billion […]
Dubai's FiberPro in $1.5 bn Iraq Housing Deal
FiberPro Group, a Dubai-based contracting company with operations in the UAE, Cyprus and Greece, has clinched a multi-billion deal for the construction of 30,000 houses in Iraq. According to the report from the Financial Mirror, the Cypriot owners of the company, its Managing Director Fotis Athanassiou, and businessman Demetris Takoushis of Larnaca, are currently in […]
Heritage Oil Updates Corporate Presentation
Heritage Oil (LSE: HOIL), whose shares fell heavily on Wednesday following its descovery of a major gas field in Kurdistan, has updated it's corporate presentation. Please click here to download the full document.
New Housing Development Announced near Basra
Works are underway to build a 640-unit housing project in the Shatt al-Arab district at a total cost of 58 billion Iraqi dinars [$50m], according to a local source in Basra on Thursday. “The project envisages 640 housing units, on an area of 56 donums [14 hectares], and would take two and half years to […]
British Parliament Briefing Paper on Iraq
The British parliament has issued a briefing paper for MPs. Written by Ben Smith, the paper is entitled "Iraq at the creation of its new government". Please click here to download.
Hyundai Wins $219m Baghdad Power Station Contract
South Korea's Hyundai Engineering & Construction has reportedly won a contract worth $219 million to build a 500 megawatt power station near Baghdad, as part of the Iraqi government's efforts to address power shortages, a government spokesman said Wednesday. Ali al-Dabbagh, who is also a minister of state, told Dow Jones Newswires after a weekly […]
Sterling Energy Jumps on Kurdistan Update
Shares in Sterling Energy (LSE: SEY) rose 11% on Thursday after it stated it is ready to sidetrack and re-drill its Sangaw North-1 well in Kurdistan after recovering further 280 metres of drill pipe from the well after it ran into trouble in November. Interactive Investor quotes Keith Morris, analyst at Evo Securities, as saying: […]
DNO Clarifies Position on Oil Exports from Kurdistan
Norwegian oil company DNO has issued a statement clarifying its position on exports from Kurdistan: In a Stock Exchange Notice released on 24 January 2011 DNO made reference to a press released published by the KRG on 22 January 2011, where amongst other things it was reported that the central government in Baghdad and the […]
Fewer Iraqi Pipeline Attacks in 2010
An official spokesman for Iraq's Oil Ministry's said on Wednesday that there were fewer attacks on Iraq's oil pipelines in 2010 than in previous years. "The Oil Ministry's Technical Department had prepared a statistic on the number of attacks against oil installations that reached 65 attacks in 2010, compared with 81 attacks in 2009," Assem […]
6,000 New Teachers Needed in Kurdistan
The Kurdistan Region’s minister of education has requested an additional 6,000 teachers and staff in 2011, almost twice the number recruited in 2010. Speaking to AKnews, Safin Dizayee said the demand has been directed to the Kurdistan Council of Ministers to fill the gap in teaching staff and administration posts of new and existing schools. […]