Importance of Joint Oil Agreements - Expert
Oil expert Abduljabar al-Halafi on Friday highlighted the importance of signing an agreement to benefit from potential oilfields between Iraq and neighboring countries. “There are no joint oilfields between Iraq and neighboring countries, but there are potential geographic reserves on borders,” al-Halafi told Aswat al-Iraq news agency. “The use of any part of these oilfields […]
Iraq Pushes Boeing for New Aircraft
Iraq's ministry of transport is pressing Boeing to pull forward its scheduled to deliver of 55 new aircraft the state-owned Iraqi Airways. The fleet of 55 new Boeing 737s, 777s and 787s are not due to arrive until 2013, but they are hoping to get some delivered this year. Currently the airline owns just four […]
People, Liabilities & Assets: Risk Management in Iraq
While much of the rest of the world is still taking tentative steps forward in its recovery from a global economic crisis, some industries and regions are already making strides in the right direction. Anglo-Arab Insurance Broker’s Chief Operating Officer, Mr. Robert Edwards, surveys the risk-transfer buying patterns of the energy industry in some of […]
Iran to Open Bank in Baghdad
The Central Bank of Iraq has given permission to the Parsian and Karafarin Iranian banks to open offices in Baghdad, according to local agency reports. The banks were given a month to determine the place of offices and to transfer their capital to Iraq. ( Trend )
Irregularities Uncovered in Salah al-Din Council
The Board of Supreme Audit has discovered financial irregularities in the Salah al-Din provincial council, an official statement said on Thursday. This came during a session headed by the board’s president, Abdulbaset Turkey, to discuss the 2009 financial statements of the council, according to a statement received by Aswat al-Iraq news agency. The session has […]
Banks Cancel Holiday
The state-run banks in Thi-Qar province have canceled their Saturday holiday and extended their working hours until 05:00 p.m. in an attempt to serve more clients. This decision came after Governor Taleb al-Hassan had met with retired people who were queuing for a long wait to receive their salaries, according to a statement released by […]
Gulfsands Shares Surge After Approach
Gulfsands Petroleum (AIM: GPX) noted its recent share price movement on London’s AIM market and confirmed that has received a preliminary approach, which may or may not lead to an offer for Gulfsands. The company’s shares have surged over 19% to trade at 310p on the London Stock Exchange today (19 March). Gulfsands Petroleum is […]
OPEC Symposium Baghdad - Sept
The Organization of Petroleum Exporting Countries will hold a symposium in September for its 50th anniversary, Iraq's oil minister said Wednesday. Hussein al-Shahristani told Dow Jones Newswires of the planned event after exiting an OPEC meeting in which the cartel decided to keep output quotas steady. OPEC was founded in Baghdad on Sept. 14, 1960. […]
New Water Dam in Diyala
The Iraqi Water Resources Ministry said it has opened a new water dam in Diala province. “The dam will accumulate rain water,” the Ministry said in a release posted on its website. The Ministry said that the dam, constructed by local staff, can store up to 3.62 million cubic meters of water. “The project’s total […]
New Bridge in Najaf
Najaf Governor Adnan al-Zorfi laid on Thursday the foundation stone of a new bridge in the province, a local official said. “The total cost of the bridge is ID23.9 billion,” Eng. Husham Mohammed Mahmoud, the director of Najaf Municipality, told Aswat al-Iraq news agency. He said that the project will be finished in 27 months. […]
$22m Loans from Agriculture Ministry
The ministry of agriculture announced on Wednesday that it agreed to give loans with more than 26 billion Iraqis dinars ($22m) for irrigation projects and to finance small farmers. “Agriculture Minister, Akram al-Hakim, agreed to give 1953 loans totalling more than 26 billion dinars,” said a ministry’s statement received by Aswat al-Iraq news agency. “The […]
More than $250m Allocated to Basra Infrastructure
Basra province is to allocate ID200 billion ($170m) to upgrading the province’s sewerage systems, and a further ID100 ($85m) billion to its electricity supply. “Basra will get revenues from oil exports and border crossings,” Basra Governor Shaltagh Abod said in a press conference on Wednesday, attended by Aswat al-Iraq news agency. He said that the […]