Business Booming at Sulaimaniyah International Airport
Business is booming at Sulaimaniyah International Airport, with more than 2,000 flights since the beginning of 2010. From January 2010 to the end of August, there were 2,381 flights to and from the airport, Dana Mohammad the media director of the airport, told AKnews. A total of 107,581 passengers have flown through the airport during […]
Siemens Eyeing up Electricity Investments in Basra
Germany's Siemens is eyeing up electricity investments in Basra. “A delegation from Siemens met today (Sept. 2) with officials of the provincial council’s electricity committee to discuss ways to carry out projects in the power sector in Basra,” Ziyad Ali told Aswat al-Iraq news agency. “The delegation expressed readiness to carry out power projects in […]
ShaMaran Announces Capital Raising
ShaMaran Petroleum (TSX VENTURE:SNM), the Canadian oil company with operations in Iraqi Kurdistan, has announced a new share placing to raise capital. The Vancouver-based company has agreed to sell, on a non-brokered, private placement basis, an aggregate of up to 111.2 million common shares at a price of Cdn $0.45 per share for gross proceeds […]
Tenders Soon for Repair of Mosul Dam
Iraq Minister of Water Resources, Jamal Rashid [Abdul-Latif Rashid], said that cracks in a water dam in Mosul are costing half a million dollars per year. The Minister said that his ministry is about to offer tenders for international companies to repair the cracks and to reach the stage where the essential level of water […]
Baghdad Ups Stakes in Kurdistan Gas Row
Baghdad has increased the stakes in the row that has flared up over the new German/Kurdish gas contract. Last week we reported on the dispute relating to KRG's agreement with German energy giant RWE. Now AKnews reports that the Iraqi oil ministry said last week that it will cut Kurdistan’s fuel share in half as […]
Kurdistan Gas Dispute - German Govt Staying Clear
The German government has refused to be drawn into the row over RWE's new gas agreement with the Kustdistan Regional Government. The Iraqi oil ministry has said the agreement is illegal because the country's oil and gas are federal resources to be administered centrally. Asked about the dispute, a spokesman for the German economy ministry […]
Basra 'Sheraton' Re-Opening - Constructor Fired
The project manager of Sheraton Hotel in Basra confirmed on Thursday that the Integrity Board suspended the Sumar company after it reached its final stages, because the company did not hand over the project on time. Wameeth Abass, an engineer on the project, told AKnews, "The Integrity Board suspended our work with the Sumar Company […]
Iraq Exported 320,000 barrels of Oil to Jordan in August
Iraq exported around 320,000 barrels of oil to Jordan during August 2010, according to Aswat al-Iraq. “The transportation process by trucks is going very well,” a source told the news agency on Thursday. He referred to a high-level of coordination between Iraq and Jordan to facilitate the oil transportation process. (Source: Aswat al-Iraq)
Upper Quartile and G4S Catalogue Show
Sunday 20th of June 2010, there was a real buzz in downtown Baghdad. Iraqi businessmen queued for hours to get through the security checks for the chance to discover American or British companies that could supply goods or services of quality. The Baghdad Catalogue Show was an event that really demonstrated the strong desire and […]
Iraqi State Company to Make Fire Engines
Iraq’s General Company for Car Industry, belonging to the Ministry of Industry & Minerals, has announced plans to assemble and produce fire engines, according to a Ministry statement on Thursday. “Our company has started to assemble and produce fire engines at its workshops, following the signing of contracts with the Baghdad Mayor’s office, the Oil […]
Gulf Keystone a Takeover Target?
Speculation that Gulf Keystone Petroleum (LON:GKP), which has significant operations in Iraqi Kurdistan, will become a takeover target continues today, following a report from small-cap broker Daniel Stewart & Co. Following an analyst field trip to the Kurdistan region of Northern Iraq, the broker's oil and gas expert Richard Nolan said the company had “astonishing […]
The Rush is On for … Everything!
US President Barack Obama delivered a major speech from the Oval Office on Tuesday, marking the official end of combat operations in Iraq. As just over 50,000 US troops will remain in the country until the end of 2011 in non-combat roles, the real significance of the military draw-down is hotly debated. But it is […]