Malfunction Stops Iraq’s Oil Pipeline to Turkey
Iraqi oil exports through the pipeline to Turkey have been stopped due to technical malfunctions on the Iraqi side.
Wood Group GTS Signs Operations & Maintenance Agreement
Wood Group GTS, part of international energy services company Wood Group, signed a multi-year agreement with Mass Global Investment Company (Mass Global) for operations & maintenance of the Solymaniah Power Facility, located in the Kurdistan Region of Iraq.
Baghdad Puts Gas Trio on Table
Iraq plans to offer three gas fields with combined in-place resources of 25 trillion cubic feet of gas to international bidders “in the coming months”, according to Iraqi Oil Minister Hussain Shahristani.
American Amb. Urges Iraqi Government to Support Private Sector
The U.S. Ambassador in Baghdad, Christopher Hill, on Monday called on the Iraqi government to support the private sector to improve the national economy.
Preparations to Establish Truck Assembly Plant in Kurdistan
German consul in Arbil said on Monday that talks underway to implement important projects in Kurdistan, including the establishment of a truck assembly plant.
Air Arabia Set to Take off for Najaf
Sharjah Air Arabia, the largest low-cost carrier in the Middle East and North Africa, yesterday announced the launch of its service to the city of Najaf, Iraq, from its hub in Sharjah.
Etisalat Eyes Acquisitions in Syria, Iraq
Dubai Emirates Telecommunications Corporation, or Etisalat, is in a three-pronged expansion plan as it eyes new acquisitions in Syria, Iraq and an increased presence in India. "The Iraqi government announced it would issue a fourth licence and we expressed our interest," Etisalat chairman Mohammad Omran said yesterday. "The [Syria] government has announced that it would […]
Dhi Qar Farmers Banned from Planting Rice
The Agriculture Directorate in Dhi Qar said that it was surprised by the decision taken by the Common Agricultural Governmental Commission which banned rice agriculture in Dhi Qar province. However, earlier the government had allowed planting 7500 dunom with rice during the current season. The directorate said that the commission also banned planting rice in […]
Basra Governor Discusses Reconstruction with Jordanians
Basra Governor, Shaltagh Abboud al-Mayah, discussed on Monday with Jordanian minister of finance businessmen’s contribution in the reconstruction operations in the province, according to an official statement. “The minister expressed his ministry’s readiness to provide all facilities and to receive Iraqi employees to train them in banking, accounting and tax,” said the statement received by […]
Rafidain-Warkaa Banks Renew Relationship
Relationship between the state-owned al-Rafidain Bank and the private al-Warkaa Bank will normalize within days. “The al-Warkaa Bank has submitted guarantees that exceed the amount of deals between the two banks,” a source from the al-Rafidain Bank told Aswat al-Iraq news agency. He noted that recent news reports about the financial status of al-Warkaa Bank […]
Iraq Oil Minister 'not very happy' with OPEC Compliance
Iraq's Oil Minister said on Monday current crude prices were fair and not too high to hinder global economic recovery, but added that he was not very happy with OPEC members' compliance with production quotas.
Oil Price High Enough to Encourage Investment
“It’s not expected that there will be much oil available from other parts of the world,” he said. “Any additional demand, particularly from Asia, will have to be met by Iraq.”