Gulfsands Gets Approval to Develop Syrian Oil Field
Oil and gas explorer Gulfsands Petroleum Plc (GPX.L) said it received government approval to develop the Yousefieh oil field in Syria. The company, which has operations in Syria, Iraq and the United States, said it got a production license of 25 years for the Yousefieh oil field in Block 26 North East Syria, with the […]
Angola's Sonangol Finalizes Oilfield Deals
Iraq signed final contracts with Angolan state oil company Sonangol on Tuesday to develop the Qayara and Najmah oilfields. Qayara has reserves of some 800 million barrels and Najmah 900 million. Both are in the violent Nineveh province in Iraq's north, where Sunni Islamist insurgents like al Qaeda remain active almost seven years after the […]
Trade Ministry to Receive Rice from Farmers No Later Than Jan. 31
The Iraqi Trade Ministry has specified Jan. 31, 2010 as a deadline to receive rice from farmers. “The Ministry has so far received 102,740 thousand tons of rice from farmers,” the Ministry said in a release on Tuesday received by Aswat al-Iraq news agency. It said that the Ministry’s technical staff will contract with private […]
New Rural Road in Wassit
The Wassit Gov. Lateef Hamad al-Turfa on Tuesday laid the foundation stone of a new rural road south of Kut city. “The road’s length will be 37.5 km,” Majid al-Itabi, Wassit’s media director, told Aswat al-Iraq news agency. He said that the project will cost ID3.88 billion. “The road will be executed by a local […]
Cornerstone Laid for Southern Kirkuk Road
Kirkuk’s governor laid the cornerstone of a project to pave a road in southern Kirkuk at a total cost of 588 million Iraqi dinars, according to an official source. “The governor Abdulrahman Mustapha laid on Tuesday the cornerstone of a project to pave the road between al-Shirin dam on Lilan road in southern Kirkuk,” the […]
Journalistic Association Condemns Attack on Journalist
The Iraqi Association for Defending Journalists’ Rights on Thursday expressed their condemnation of the attack on correspondent for al-Taakhi newspaper, Qahtan Adnan, two days ago by an Iraqi force in central Baghdad. “The attack took place when the journalist was taking photos in Bab al-Muaatham intersection in central Baghdad on traffic jam,” the association said […]
British Discuss Iraqi – U.K. Relations
Iraqi Finance Minister Baqir al-Zubaidi and the British ambassador to Iraq discussed Iraqi–U.K. political and economic ties, and methods to reinforce them. “Minister al-Zubaidi called on British firms to participate in rebuilding Iraq,” said a release issued by the Ministry and received by Aswat al-Iraq news agency. For his part, the British ambassador stressed his […]
Two Investment Opportunities in Basra
There are two big investment opportunities to construct two major gas-driven power plants in Basra, the Basra Investment Commission said in a release on Monday. “The first plant will have a capacity of 1,250 Mwatt, while the second one will be able to generate 1,350 Mwatts of electricity,” said the release received by Aswat al-Iraq […]
Meeting in Basra on Development of al-Qarna Oilfield
Basra Governor, Shaltagh Aboud al-Mayah, held talks on Monday with Russia’s giant oil company Lukoil and its Norwegian ally Statoil on facilitating their work in the development of al-Qarna oilfield. “Talks were also centered on the need to use Iraqi workers in Basra, and especially in al-Qarna region,” al-Mayah told Aswat al-Iraq news agency. The […]
Iraq Completes Deal with Oil Giants Exxon Mobil, Shell
Iraq's oil ministry on Monday completed a major deal with US major Exxon Mobil and Anglo-Dutch giant Shell to develop production at West Qurna-1, the war-torn country's second biggest field. "The oil ministry signed the contract for West Qurna-1 with Exxon Mobil and Shell," ministry spokesman Assem Jihad said in a statement. "This contract will […]
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 […]