West Qurna Deal in the Bag
US super major ExxonMobil and its Anglo-Dutch peer Shell, today signed a final contract for the development of Iraq's 8.7-billion-barrel West Qurna Phase One oilfield The partners, who will work with an Iraqi state-run oil company, won the right to develop the super giant field in negotiations with the Oil Ministry last year following Iraq's […]
Oil Company near Settling over Contract in Kurdistan
A Norwegian oil producer announced Monday that it would probably have to pay between $12 million to $144 million in an upcoming arbitration settlement to the former American diplomat Peter W. Galbraith and a Yemeni businessman. Mr. Galbraith, who helped negotiators in the Kurdish regional government figure out how oil revenues are shared under the […]
DNO Provides Update on Kurdistan Arbitration Proceedings
As previously reported DNO Iraq AS (DNOI), a subsidiary of DNO International ASA (DNO) is involved in arbitration proceedings related to certain third party interests in Kurdistan. Such third parties were not approved to be part of nor have any rights in the Production Sharing Contracts (PSC) signed by DNOI following the reviews which were […]
Preparations for Holding Turkish Fair in Basra
A delegation from the Turkish companies discussed on Monday with Basra’s governor the final preparations for holding the international Turkish fair in the province, a media official said. “A delegation from the Turkish Ramsey Group held on Monday (Jan. 25) a meeting with Basra Governor, Shaltagh Abboud al-Mayah, on the final arrangements for its permanent […]
Iraqi Chamber of Commerce Elects New Head
The Iraqi Chamber of Commerce on Monday elected Falah Merza Kamona as its new head. “I was chosen through a round of secret voting,” Kamona told Aswat al-Iraq news agency. He said that he got 10 votes out of 18 that attended the voting session.
Iraq Looking Forward to Turkish Role in Construction- Deputy PM
Iraq’s Deputy Prime Minister Rafie al-Issawi has stressed his government’s aspirations for an expanding role by Turkish companies in Iraq’s building process. This came during his speech at an investment conference, which was attended by Aswat al-Iraq news agency today. “Iraq is looking forward to boost the distinguished role of Turkish firms,” Issawi said “Turkish […]
Shell to Look Beyond Tar Sands
Royal Dutch Shell’s expansion in Canada’s controversial tar sands will be “very much slower” than in recent years, the company’s new chief executive has said, as the group makes a strategic shift away from high-cost “unconventional” oil production. Peter Voser, who took over at Europe’s second-largest oil and gas group in July, told the Financial […]
3 Locations in Missan for Investment Projects
Local authorities in Missan have prepared three locations for investments in the province. “The locations will be used for constructing hotels, parks, and residential compounds,” Eng. Mohammed Shiaa al-Sudani, the Missan governor, told Aswat al-Iraq news agency on Monday. He said that names of firms that will be executing those projects will be announced soon. […]
$21m for New Investment Project in Baghdad
Baghdad Investment Commission opened on Monday a new project in the capital, with a total cost of $21 million. “The project is a modern shopping center that was executed by a local company,” the commission said in a release received by Aswat al-Iraq news agency. It said that the center is located at the al-Daura […]
Ministry of Transport: 150 Buses in Service
Iraq's Ministry of Transport has announced the arrival of 150 modern buses. A statement issued by the Ministry's media office received by Eye Media said " Um – Qasr harbor has received 130 – Korean made Hyundai buses type 2010. In addition 20 Mercedes 2010 buses came through Jordan manufactured by Bahouse Company. Bahouse is […]
Basra-Istanbul Airway to Open Soon
The Basra-Istanbul airway will be opened early next month, the deputy head of Basra’s investment commission said on Monday. “Flights will be available between Basra Airport and Turkey,” Jalal Tema al-Nouri told Aswat al-Iraq news agency. The step comes following talks with the commercial attaché in the Turkish embassy, Saeed Faeq, Nouri explained. The Shiite […]
Soran Spends ID82b, Still Needs ID70b More to Solve Problems – Mayor
The year 2009 was one of development and infrastructure projects worth 82 billion Iraqi dinars ($69.5 million) in Soran from Arbil’s Provincial Development Budget (PDB) but the district would need 70 billion dinars more to solve all problems, according to Mayor Kermanj Ezzat on Sunday. “The sum was spent over projects that focused on the […]