Kurdistan Postpones Budget
The Kurdistan parliament’s chairmanship decided on Tuesday to postpone discussing the region’s 2010 budget until the end of the coming parliamentary elections. “The parliament decided today (March 2) to resume discussing the 2010 budget after the end of the coming elections,” Ismail Kalali told Aswat al-Iraq news agency. (Aswat Al Iraq)
Oil Deals Vital to PM's Campaign
Backed by armed bodyguards, international oil executives have flocked to Basra to survey their potentially lucrative prizes: the fields that they hope will one day be pumping out dramatically greater amounts of cheap, plentiful crude. For their companies, the fields that they won the rights to develop in two biddings rounds last year are their […]
Drilling Contract in Rumaila
Iraq announced a $318 million contract with a unit of Turkish Petroleum to drill 45 wells in the supergiant Rumaila oilfield as the country strives to regain and even surpass pre-war production levels. Britain’s BP and China’s China National Petroleum Corp signed a 20-year contract to develop the Rumaila field in southern Iraq, which alone […]
Abu Dhabi Lowers Crude Prices
Abu Dhabi National Oil Co., the state-owned producer, cut February prices on all its crude grades by about 4 percent after Persian Gulf suppliers including Saudi Arabia, Iraq and Iran lowered rates for buyers in Asia, according to Bloomberg. The price for Murban crude, its largest export grade, was lowered to $74.20 a barrel.Upper Zakum […]
Maysan Oil Company
Maysan Oil Company - update from the local Basra press; Drilling of Halfaya Well/7 is finished, and drilling operations are due to start at Halfaya Well/9, and what should be noted that Halfaya Field- which is located to the south-west of Amara City- is considered one of the most important oil fields in Maysan, which […]
Iraqi Oil Exports Hit a New High
According to AFP, Iraq's oil exports in February were the highest since 1990, at 2.069 million barrels per day. Reuters puts the figure slightly higher, at 2.083 million bpd, up from 1.926 million bpd in January. The average selling price was $73-$74. 1.612 million bpd were shipped from the southern oil hub of Basra, and […]
Basrah International Airport
The Basrah International Airport (BIA) Director, Mr. Abdulameer Kanim has released the following information regarding leasing of available land space on the Basra Airport footprint: • The Basrah International Airport (BIA) Director has stated that companies (domestic and international) can lease land within the BIA airport grounds (outside of the USF-I COB limits) for a […]
Second Rail Line in Diwaniyah
The Minister of Transport, Amer Abdul-Jabbar Ismail opened on Sunday, the second rail line Hilla, Diwaniyah with a potential speed of 120 km / h. This is one of the important steps which would change the transport map. Ismail visited the photo gallery, which reflects the phases of the project from its inception to the […]
No Electioneering on Power Shortages
The Ministry of Electricity has warned parliamentary candidates against using lofty promises for the provision of power supplies as part of their campaigning. Iraq is to hold elections on March 7. More than 6,500 are contesting the 325-seat parliament. Nominated by 86 parties, competition is tough and some candidates are reported to be giving “unrealistic” […]
10,000 Houses for West Diwaniya
The investment commission in Diwaniya has discussed with a German firm a project to build 10,000 houses in the west of the province, the commission’s head said on Sunday. “The project will be located on the Diwaniya-Shafia road (7 km west of Diwaniya),” Eng. Hakem al-Khazaie told Aswat al-Iraq news agency. “The final contracts will […]
Asiacell Launches Unique Offer for Bonus Credit
Asiacell has announced the launch of a new promotion offering 100% bonus credit to customers purchasing a new prepaid line and those recharging it during the promotion period. The promotion will be launched on the 25th of February and will be effective until March 25th 2010. This unique promotion provides new Asiacell prepaid subscribers and […]
2 More Years of Budget Shortfalls’
Iraq will likely have two more years of budget shortfalls before stronger oil prices and production lift it back into surplus in 2012, the International Monetary Fund said. In its regular review of Iraq's economy, the IMF said Iraq's economic growth in 2010 will probably be significantly stronger than it was last year, but the […]