CBI Suspends Session Due to Armed Attack
The Central Bank of Iraq (CBI) decided to suspend its dollar sales on Monday and will resume its sessions on Tuesday after a recent armed attack, a media source said. On Sunday (June 13), the spokesman for the Baghdad Operations Command (BOC) Maj. General Qassem Atta said fifteen civilians and three terrorists were killed in […]
2 New Projects in Basra
The Basra Investment Commission announced on Monday that two projects in the province are up for bidding. “The first project is for a fishermen’s harbor in the al-Faw suburb,” a source from the commission told Aswat al-Iraq news agency. “The second project is for a factory to produce chemicals in the Abu al-Khaseeb suburb,” the […]
Iran MP Warns on Slow Development of Joint Oil Fields
Majlis Energy Committee Chairman Hamid-Reza Katouzian has warned about the sluggish pace of the development of Iran’s joint oil fields with Iraq and other Persian Gulf states. Katouzian blamed inadequate investment, wrong policies, and improper decisions in Iran’s oil sector for the slow progress in the oil sector. “Unfortunately, sometimes decisions that are made without […]
Kurdistan Should Resume Oil Exports, Minister Says
The Kurdish areas of northern Iraq should resume oil exports “immediately,” without waiting for clearance from the finance ministry, Iraqi Oil Minister Hussain Al-Shahristani said. Kurdistan should not wait for an agreement on payments to foreign companies before resuming oil exports, he said in an interview in Baghdad today. “We have informed them that they […]
New Iraqi Parliament Meets for First Time
Iraq's new parliament met on Monday for the first time since elections were held on 7th March. According to Voice of America, “the session adjourned quickly, because parliament members had not ironed out the main items on the agenda”. The session is still technically 'open', but suspended indefinitely, so as not to trigger a constitutional […]
Basra - Oil and Gas Revenues Exceeds $223m in 4 Months
“The revenues during the first four months of 2010 were around $223.3 million,” Ahmed al-Silaiti, deputy head of the Basra Provincial Council, told Aswat al-Iraq news agency on Saturday.
Higher Oil Prices Boost Iraqi Budget
“We will cover the budget with the difference in oil prices,” Zubaidi said. The Iraqi budget is based on oil prices at $62.5 per barrel, and in agreements already made “we sold at $74,” he said.
Chinese Fair in Najaf
More than 65 Chinese firms are participating in a fair in Najaf city.
Iraqi Mobile Market Sees Stronger Growth Rates in 2010
Info2cell.com, the leading mobile application content and service provider in the Middle East, has announced the successful launching of three new SMS-based services for its subscribers in Iraq - including a BBC Breaking News Channel and dedicated SMS services for men and women
Kurdistan Economic Conference in London on Tuesday
Prime Minister Salih will give the keynote speech at the Kurdistan Trade and Investment Conference in London, which takes place on June 15th and 16th June.
No Room for More Crude Oil in Markets
Crude oil markets have no room for additional supplies this year, the Organization of the Petroleum Exporting Countries (OPEC) said on 9 June, as it reported that its members had increased output last month.
Iraq Resumes Turkish Exports
"We resumed pumping to Ceyhan port on Friday with a test flow rate between 300,000 to 350,000 bpd and flow will be back to normal rates within 24 hours," the official told Reuters.