KRG Bids Farewell to British Consul General and UN Diplomat
The Kurdistan Regional Government’s Department of Foreign Relations held a farewell reception for Mr Jeremy Macadie, Consul General of the United Kingdom, and Ms Moraig Henderson, Head of the Erbil Office of the United Nations Assistance Mission to Iraq. Minister Falah Mustafa Bakir, the Head of the Department of Foreign Relations (DFR), said, “I would […]
Between Freedom and Abuses: The Media Paradox in Iraqi Kurdistan
From Reporters Sans Frontieres: The press freedom situation is better in Iraqi Kurdistan than it is in neighboring regions, and with 850 media outlets officially registered and 5,000 journalists, has considerably improved over the last decade. Yet the number of attacks against journalists has also grown steadily over the last two years. Police and security […]
Sterling Energy Falls 10% After Update
Shares in Sterling Energy (LSE: SEY), which has operations in the Kurdistan region of Iraq, fell 10% on Thursday morning following an Interim Management Statement for the period beginning 1 July 2010. HIGHLIGHTS · Sangaw North #1 exploration well is drilling ahead at 2,927m. · Production, net to Sterling from the Chinguetti field, averaged 621 […]
Weekly Security Update for 4th November 2010
National Overview The national total number of officially reported hostile incidents remained at 119. There was no change to the modus operandi of assassinations in Baghdad during the reporting period; however the seniority of the targets increased and included senior figures in key government ministries. Attacks against the United States Forces - Iraq were minimal; […]
Three New Equity Funds in One Month
Project management specialists Parsons Brinckerhoff stated the obvious this week by saying Iraq is “risky, but full of opportunity”. After the war, the security and energy sectors were the most obvious risky opportunities. Re-building Iraq's decaying and war-torn infrastructure has come a close second. Since then, however, opportunities have snowballed into retail and agriculture, and […]
US Authorities Advised Marathon Oil Against KRG Deal
According to Iraq Oil Report, the US authorities advised Marathon Oil against entering into their recent contract with the Kurdistan Regional Government in the absence of agreement with Baghdad. "The United States’ position remains that it is in the interest of all Iraqi parties to enact a set of national laws to govern the development, […]
Iraq Mega Projects - Inspiring Business in Iraq
By Leanne Case, reporting from Istanbul. I’ve written a fair number of articles extolling the potential of Iraq to British business, I make no apologies for this and believe strongly in the future of Iraq. So do hundreds of international companies! A significant number of who attend the now numerous conferences and events aimed at […]
Iran and Iraq to Sign Contract on Shared Fields
The managing director of the Iranian Central Oil Fields Company (ICOFC), Mehdi Fakour, reported of a new round of negotiations with Iraqi oil officials to achieve a ‘common language’ to expand cooperation on the development of shared fields, based on national interests of the two countries. In an interview with the Iranian news agency Shana, […]
Quality Investment Group Launches Qualtra in Iraq
QIG (Quality Investment group) Holding, the main shareholder of Qualco which is one of the fastest growing construction companies in Lebanon, has announced the establishment of Qualtra in Iraq, a new company based in Baghdad and specialising in construction materials. The launch is part of the group's expansion strategy in the Middle East and its […]
France Opens 'Agriculture and Environment House' in Erbil
France is expected to help Iraq and the Kurdistan Region to develop the agriculture sector, according to the French Minister of Foreign Trade who opened a French agriculture house in Erbil on Monday. Anne-Marie Idrac arrived in Erbil, the capital of Iraqi Kurdistan, after landing in Baghdad the day before in what became the first […]
Tenders for Rigs at Halfaya Oilfield
Bids are invited from oil service companies to supply two workover rigs for the 4.1 billion barrel Halfaya oilfield. The tender from state-run Maysan Oil Company, along with the China National Petroleum Company (CNPC), French oil major Total, and Malaysian state firm Petronas, closes on Nov. 28, and the offer must remain valid for 90 […]
Sweden's Scania Accused of Corruption in Iraq
Swedish truck maker Scania paid $5 million in kickbacks through the U.N.'s oil-for-food program in Iraq, possibly violating both U.S. and Swedish laws, an anti-corruption investigator said on Friday, according to a report from Associated Press. Swedish prosecutor Nils-Eric Schultz told the agency he is preparing to file charges in Sweden against several company officials […]