Crude Prices 'reasonable' - Minister
Iraq's oil minister said Tuesday that world crude prices are "reasonable" and are high enough to encourage oil investment without hurting the global economic recovery. Hussain al-Shahristani's remarks in an interview with The Associated Press added to perceptions that OPEC is not eyeing any immediate changes in output despite the past weeks' large price swings. […]
Turkish Consul Says to Increase Investments in Basra
The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, Turkish consul said on Monday. “Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a fair […]
Oil Skills in Iraq ...... 2010 and beyond
“This will be a strategic meeting to review energy skills and training requirements in Iraq and how these can be met/supported using the GetEnergy Events and GetEnergy Bridge software system as a platform” said Phil Andrews, CEO of GetEnergy.
Baghdad Trade and Catalogue Show, 20th June 2010
The Show taking place on the 20th of June will be opened by Iraq’s Deputy Prime Minister and has been organised with the support of the US Commercial Service and Baghdad Provincial Reconstruction Team.
Turkish Consul to Increase Investments in Basra
The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, the Turkish consul said on Monday. “Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a […]
Western Zagros Successfully Secures Kurdamir-1 Well
WesternZagros Resources Ltd. has successfully and safely secured the Kurdamir-1 well, following the loss of well control reported on May 15, 2010. The risk of the damaged drill pipe failing and releasing hydrocarbons or hydrogen sulphide (H2S) at the surface has been eliminated. Specialists from Boots & Coots International Well Control Inc. together with personnel […]
Fears of renewed central control
“The main issue to be addressed now is that of electricity supply. Another very important one is the development of the Iraqi infrastructure," said Majid al-Souri, an Iraqi economist.
Rebuilding Iraq: The century's deal
"Iraq: the prize that outweighs all risks," was chosen as a title for a paper presented at a conference on doing business in Iraq that was held in Dubai recently. The situation in Iraq has changed a lot since the 2003 war.
Halfaya forecast 535,000 Bpd in 6 years
Total, the French oil giant, expects that Halfaya oilfield will hit 535,000 barrels per day (bpd) by 2016, from 3,000 bpd now. ‘The plateau is supposed to be reached after 6 years,' Jean-Jacques Mosconi, head of strategy, told reporters. Halfaya is split three ways between the China National Petroleum Company (CNPC), Total and Malaysian Petronas. […]
Finance Minister Urges Italians to Tackle Debt Issue
Finance Minister Baqer al-Zubaidi urged the Iraqi ambassador on Monday to tackle the debts issue with Italy and to encourage companies there to invest in Iraq, according to a statement of the finance ministry. “Al-Zubaidi urged the new Iraqi Ambassador, Saad Qandi, to discuss the $850 million debts owed by Iraq,” said the statement received […]
$24 Million Investment Project in Missan
An investor has submitted an agricultural investment project costing $24 million to the north of Amara city, the head of the Missan Investment Commission (MIC) said on Monday. “The investor presented the project to the MIC, which includes a milk factory and livestock raising as well as the establishment of sheds on 70,000 donums,” Dr. […]
Kurdistan Ready to Receive Egyptian Investments - Barzani
President of Iraq’s Kurdistan region, Massoud Barzani, said on Monday that Kurdistan is ready to receive Egyptian investors and businessmen. He has accepted an invitation to visit Egypt, according to a presidential statement. “President Barzani received the Egyptian Ambassador to Iraq, Sharief Kamal al-Din Shahin at the Salah el-Din resort in Arbil,” said the statement […]