Deputy PM, Czech Ambassador Discuss Investments
Iraq's Deputy Prime Minister, Rafie al-Issawi [Rafi Hiyad al-Issawi], met with the Czech Ambassador to Iraq, Bronislava Tomášová, on Sunday, to discuss bilateral relations and investments. “It is important to exploit the Czech experience at all levels, including investments,” al-Issawi told the ambassador during the meeting. For her part, Ambassador Tomášová referred to a long-term […]
Iraqi Economy Could Afford to Cut Ties with Kuwait
According to one Iraqi politician, Iraq could afford to sever relations with Kuwait without any risk to its economy. Kuwait's relations with Iraq have been on decline for a while, so Iraq would not be harmed if it cut all its ties with this country, according to Wa'il Abdul-Latif [Wael Abdul Latif], of the Iraqi […]
Kirkuk Seeks U.S. Investment
U.S. firms are welcome to invest in the oil-rich province of Kirkuk, an official statement said. The statement, issued following a visit by some U.S. business representatives, said there were good investment opportunities in the province particularly in oil development, electricity and the refining of crude oil. The province, of which the city of Kirkuk, […]
Iraq Seeks Twinning Agreements with Italian Cities
The new Iraqi Ambassador in Rome, Siwan Barazani, said on Friday that he seeks to achieve "twinning" between Iraqi and Italian cities to help develop economic relations, according to the Italian AGI news agency. The agency quoted the diplomat as saying that Italy is Iraq’s major European economic partner, and that many Arab countries, including […]
Minister Disputes Statements Regarding Investment Plan
Iraq’s oil minister said on Tuesday that recent statements made by some politicians regarding the investment plan over the past four years are incorrect. "80 per cent of the budget is spent to pay the salaries of the employees and retired people, and to security forces and the health sector, while 20% was allocated to […]
Special Equipment to Dig 20 Oil Wells Arrives in Amara
Special equipment to dig 20 oil wells arrived in the al-Bazerkan oilfield in Amara, according to the media director of the Missan Oil Company. “U.S. oilfield services company, Weatherford (WFT.N) sent equipment to the oilfield to start digging 20 wells, 70 km east of Amara,” Ali Abbas told Aswat al-Iraq news agency. “The project will […]
International Oil Symposium in Baghdad
Iraq's oil ministry is holding an international symposium beginning on Sunday to discuss the best ways for the government to co-ordinate and implement the country's oil expansion plans, a senior Iraqi oil official said Thursday. Two oil licensing auctions last year awarded 11 deals to international oil companies that promise to add nearly 10 million […]
No Substantial Change in Oil Exports in August
The Deputy of the Iraqi Oil Minister declared that almost two million barrels of Iraqi oil are exported daily and the volume is unlikely to change. In a statement to AKnews on Thursday Mu'tasam Akram said "in June Iraq sold daily some 1.9m barrels of oil abroad and the number is expected to fluctuate only […]
Vast Exploration Updates Iraqi Ops
Vast Exploration Inc. has provided an update on the settlement of final payment terms with the Kurdistan Regional Government with regard to the acquisition of an additional 10% working interest announced in September 2009, and a progress update on the Qara Dagh - 1 Exploration Well. Capacity Building Payment “Profits Royalty” As previously announced, in […]
Kurds and Baghdad in Row over Oil Smuggling
Iraqi oil officials and their Kurdish counterparts have exchanged accusations of smuggling large volumes of crude oil and by-products to neighboring Iran. There are two oil ministers in Iraq. Heading the Oil Ministry in Baghdad is Husain al-Shahristani. The semi-independent Kurdish region has its own government with Ashti Horami [Ashti Hawrami] heading the Ministry of […]
Iraq's Building Boom
Scaffolding is creeping up the walls of bullet-scarred villas across rubble-strewn Baghdad, and gangs of labourers are piling up bricks as growing security allows a mini-construction boom to take hold in Iraq, according to a report from Reuters. It may be the leading edge of a building surge as work now limited to a few […]
Intracom Signs New Agreement with Ministry of Interior
INTRACOM IT Services Middle East and Africa signed an agreement with the Ministry of Interior in Iraq, which aims to ensure the Ministry’s sustainability by implementing innovative" EMC” solutions in storage consolidation and back up recovery solutions with disaster recovery, hence helping the Ministry maintain its business by protecting its valuable dates and information. INTRACOM […]