Iraq May Earn $4.2 trillion from Oilfield Development
Iraq may earn $4.2 trillion in revenue from oil fields being developed by international companies after rights for production from the deposits were auctioned last year, Oil Minister Hussain al-Shahristani said. Reuters quotes the minister as saying that the fields, whose development rights were assigned after two bid rounds held last year, will produce 60 […]
Allawi U-Turn on Oil Contracts?
The al-Iraqiya political coalition, which includes prime-ministerial candidate Ayad Allawi, has stated its objection to the outgoing government’s rounds of licensing gas and oil investments by foreign companies, regarding them as breaching the constitution and violating the law, according to a report from AKnews. This might expose the Ministry’s officials to legal accountability by the […]
$3bn Iraq/US F-16 Deal at Risk?
The Iraqi government announced on Monday that it no longer has the authority to contract for the major F-16 aircraft deal that we reported on just two weeks ago, according to Alsumaria News. While stressing the need for Iraq to have a strong air force to protect its sovereignty, Iraqi government spokesman Ali al-Dabbagh told […]
British Companies Targeting Kurdistan
The largest ever British trade delegation to visit the Kurdistan Region last week participated in Erbil International Fair. The delegation was lead by Sir Andrew Cahn, the Chief Executive of UK Trade and Investment (UKTI), the British government department that spearheads international trade with the UK. The mission comprised 53 representatives from 39 British companies […]
Row Continues Over Fate of Maaqal Port
The director of the Media Department of the Iraqi Ports Directorate said on Sunday that the ports department had studied the possibility of closing Maqel [Maaqal] port, but concluded that it is not feasible because of the large financial revenues generated by the port and the ease of transfer of goods through it. Anmar al-Safi […]
$28m Alstom Deal to Repair Iraq Power Plant
Reuters reports that French engineering group Alstom has signed a 20 million euro ($27.83 million; 33 billion iraqi dinars) contract with Iraq on Monday to rehabilitate a unit at one of its power plants. Alstom, maker of industrial power plants and high-speed trains, said in a statement it would rehabilitate a unit at the gas-fired […]
Sri Lanka to Strike Crude Oil Deal with Iraq
Sri Lanka’s state-run oil company Ceylon Petroleum Corporation (CPC) has concluded talks with iraq's State Oil Marketing Organization (SOMO) to buy crude oil from Iraq. Speaking to the Asian Tribune , the Deputy Director General of SOMO, Majed Kadhim Yousif, who was in Sri Lanka to attend the seventh session of Sri Lanka- Iraq Joint Committee […]
Sonoro Energy Teams Up with Inglett & Stubbs in Iraq
Sonoro Energy (TSX-V: SNV) announced on Monday that it has formed a strategic alliance with Inglett & Stubbs International whereby Inglett will support the execution of certain operations in Salah ad Din, Republic of Iraq. Inglett has developed advanced design and building procedures that allow them to efficiently manage the most technically complex construction projects […]
Rt Hon Lord Howell of Guildford Confirmed to Speak at Iraq Petroleum 2010
Rt Hon Lord Howell of Guildford, Minister of State, Foreign & Commonwealth Office, UK, is to give the keynote address focusing on "Iraq Petroleum: the International Context" to begin the 3 day conference and workshop, Iraq Petroleum 2010, taking place in London at the Millennium Gloucester on 29 Nov-1 Dec 2010. The Rt. Honourable Lord […]
New Dam Planned for Shaqlawa
The Kurdistan Regional Government has decided to construct a large dam in the village of Aqhoban in the Hiran region, in the district Shaqlawah [Shaqlawa]. The Ministry of Agriculture and Water Resources has allocated more than six billion dinars for the project, which will be implemented by the two companies; work will start in the […]
Governor of Erbil to speak at Tufts University, Massachusetts
The Fletcher School of Law & Diplomacy, The Program on Southwest Asia and Islamic Civilization, Gordon Institute, and Institute for Global Leadership cordially invite you to attend a talk by Mr Nawzad Hadi Mawlood, the Governor of Erbil, the capital of the Kurdistan Region in Iraq: “Challenges and Opportunities for Redevelopment in Erbil, Iraq” By […]
Reopening of Sazan Border Crossing Abandoned
Halabja's deputy mayor said Iran has rejected reopening the Sazan border crossing, located near Halabja in Sulaimaniya province. In a statement to AKnews on Sunday, the deputy mayor, Goran Adham, quoted the Iranian consul to Sulaimaniya as saying that an Iranian committee visited the crossing and voiced their reluctance to open the gate again. All […]