Iraq Output Boom 'could See Oil Fall to $50
The revival in Iraq's oil production could keep oil prices low for several years: that is the message from a Royal Bank of Scotland note on the global oil market. As the last of Iraq's oil contracts have been awarded, RBS predicts that Brent crude could fall back from its current level around $73 to […]
'Iraq OPEC Quota Not Needed for Few Years'
It will be four to five years before there is a need to recommand Iraqi oil output within OPEC's oil production policy, OPEC Secretary-General Abdullah al-Badri said today. "When they reach the point that they have to be accommodated, maybe it will not be for four to five years from now," Reuters quoted Badri as […]
Iraq Exports Take a Dip
Iraq's oil exports slipped slightly last month to 1.926 million barrels per day from 1.977 million bpd the month before, an official at the State Oil Marketing Organization (SOMO) said today. Exports up to 30 January had averaged 1.98 million bpd. The SOMO official, who asked not to be identified, did not give a reason […]
$6m Educational Compound in Arbil
An educational compound will be set up in Arbil City at a total cost of nearly $6 million U.S. dollars, according to an official statement. “A delegation from the South Korean government has proposed the establishment of an educational compound at a total cost of $6 million U.S. dollars…,” according to a statement published on […]
ID1.2b to Stretch Power to 10 Villages North of Arbil
The sum of 1.2 billion Iraqi dinars was appropriated to extend electricity services to 10 villages in the district of Rawndoz, north of Arbil, according to the Mayor Sirwan Sereni on Sunday. “The sum is allocated from the Provincial Development Budget (PDB) for Arbil to set a project that involves the installation of 1020 power […]
$11.640m Service Projects in Arbil
Several service projects will be launched in the town of Badawa, eastern Arbil, including road surfacing and sewage and drinking water networks at a cost of more than $11 million, Arbil Governor Nawzad Hadi said on Saturday. “A local contractor embarked on a project to pave roads about eight kilometers long, an extension of a […]
Education Minister in Kurdistan, Iranian Consul Tackle Academic Relations
The minister of education in Iraq’s Kurdistan has discussed with the Iranian consul in the region means of boosting bilateral relations and exchanging academic expertise. The Iranian official has expressed his country’s readiness to receive university professors and students from the region and to activate cooperation agreements between the two sides. ( Aswat Al Iraq […]
Iraq, Turkey Consider Cultural, Scientific Cooperation
Iraqi Minister of Higher Education & Scientific Research Abad Dhayyab al-Ojaili discussed with Turkish President Abdullah Gul in Ankara on Friday means to further cultural and scientific cooperation between the two sides, the ministry’s information director said on Saturday. “Minister Ojaili and President Gul signed memorandums of understanding to exchange experience and offer studying chances […]
Fixing Temporary Employees' Contracts in Basra
Minister of Transport Amr Abdul Jabbar has announced that his ministry has decided to fix employees with diploma degrees and others with higher education onto the permanent staff in the Iraqi Harbours Company. Eye Media Agency quoted Abdul Jabbar during the monthly tour of Um Qassr harbours, 85 km south Basra province, as saying" this […]
Attempts to Decrease Power-off Periods
Investments in the electricity sector in Iraq will minimize power-off periods throughout the country, an adviser for the electricity minister said on Friday. “The process may take 2-3 years,” Hassan Wahab Ganaw told Aswat al-Iraq news agency. He said that current electricity production in Iraq fulfills only 50 percent of the country’s demand on power.
Iraq: Total and Partners PetroChina and Petronas to Develop the Halfaya Oil Field
Total announces that, within the framework of Iraq’s second petroleum bidding round organized by the Iraqi Ministry of Oil on December 12th, 2009, the consortium led by PetroChina Company Ltd signed on January 27, 2010 a 20-year Development and Production Service Contract with Missan Oil Company for the development of the Halfaya oil field. Total […]
Exxon Mobil, Shell Take a Calculated Risk
A consortium led by Exxon Mobil and Royal Dutch Shell on 25 January signed a contract with the Iraqi government to redevelop and expand the West Qurna field – one of Iraq’s biggest oil fields. The Exxon team said it would boost production at the field to 2.325 million barrels a day, up from just […]