Western Zagros Updates Kurdamir 1
WesternZagros Resources Ltd. is continuing concerted efforts to bring the Kurdamir-1 well safely under control. The operational status of the well is unchanged; it remains shut-in, and there has been no release of hydrocarbons or hydrogen sulphide (H2S) at the surface. There have been no injuries. Specialists from Boots & Coots International Well Control Inc. […]
China Races to Secure Middle East Oil Deals
China is now the biggest importer of Saudi oil, the second-biggest of Iranian oil, and the largest player in the Iraqi oil game and "being very aggressive,"
Investors Can Help Rebuild Iraq
The Iraqi National Investment Commission has said some of the projects — worth nearly $70 billion (Dh257.4 billion) — are expected to be finalised in the near future. The news comes after Emirates announced it will begin flights to Baghdad in July. Etihad Airways has been flying to the Iraqi capital since April.
Banker Bemoans Foreign Banks' Reluctance To Set Up In Iraq
Mudhhir Mohammed Saleh, who is a member of the Central Bank's board of advisers, told RFI that foreign banks are conspicuous by their absence in Iraq for a variety of reasons, including security concerns and the lack of a favorable legal framework.
Eight International Companies Compete for Baghdad Metro Project
Eight international companies are competing to win the Baghdad Metro Project and update its studies and designs. It is estimated that the implementation of this project will total roughly 3 billion Dollars
Iraq Dissolves Iraqi Airways over Kuwait Dispute
The Iraqi government has dissolved state-owned Iraqi Airways over a decades-old financial dispute dating back to Saddam Hussein’s invasion of his oil-rich neighbor Kuwait
Iraq - An Overview
My view is that the Iraqi Government has been a great deal more astute than many of the Governments advising them - 20:20 hindsight is wonderful – but we have come a long way since the world announced last years licence round as a flop
Governor and Housing Minister Mull Kirkuk Reconstruction Projects
Kurdistan’s Housing Minister, Kamran Ahmad Abdullah, and his accompanying delegation discussed reconstruction projects in the province with Kirkuk Governor Abdulrahman Mustapha on Wednesday, according to the province’s media director. “The two sides discussed reconstruction operations in Kirkuk,” Dalier Samad told Aswat al-Iraq news agency, noting that the minister expressed the region’s support for reconstruction in […]
Abu Falous Port Receives 4 Merchant Ships
The Iraqi port of Abu Falous on Wednesday received four merchant ships carrying varied cargos, the transport ministry said in a statement. “Four ships; one from Panama and three from Iran transported containers and a varied cargo arrived in Abu Falous on Wednesday,” said the statement received by Aswat al-Iraq news agency. The Shiite province […]
ISX Trading Hits ID684 Million on Wednesday
The Iraqi Stock Exchange (ISX) trading activities hit 684 million Iraqi dinars on Wednesday. Wednesday’s session saw trading over shares of 36 out of 84 electronically-registered firms, 11 of them went down, 13 up while 12 others retained their previous rates. Traded shares hit 430.656 million worth more than 684.624 million dinars ($585,000) through 291 […]
Barzani Meets German Investors in Arbil
The President of Iraq’s Kurdistan region Massoud Barzani received the German deputy trade minister and his accompanying delegation on Wednesday at the Salah el-Din resort in Arbil, according to a presidential statement. During the meeting he announced the inauguration of the German trade and industrial office in Kurdistan to facilitate the work of German investors […]
CBI Dollar Sales Down to $135m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $135.430 million in its daily auction on Wednesday, compared to $155.700 in the previous session. ( Aswat Al Iraq )