Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Kurdistan's minister for natural resources, Ashti Hawrami (pictured), has said that Exxon Mobil is still operating in oil fields in the Kurdistan Region. According to the report from AKnews, his statement came in response to a remark by the Iraqi Oil Minister, Abdul-Kareem al-Luaibi [Elaibi], who told Arabic Sabah newspaper that the US company has suspended […]
Iraq has invited international consultancy firms to assist in managing the country's multi-billion dollar oilfield water injection projects. The scheme would assist in raising the extraction rates in order to stop declines in production at fields such as Majnoon, Zubair and Rumaila. Dhiya Jafaar, head of the state-run South Oil Company, told Reuters that the company […]
Iraq's the deputy head of the parliamentary security and defence committee, Iskander Witwit, has told Reuters that Iraq will take delivery of the first 24 of 36 F-16 fighter jets it has ordered from the United States at the beginning of 2014. He said the first 24 planes would make up two air force squadron, […]
Exxon Mobil is conspicuously absent from the finalized list of 47 pre-qualified bidders for the Iraq's fourth round of energy exploration rights. The Petroleum Contracts and Licensing Directorate (PCLD) at the Ministry of Oil has confirmed that the auction will take place as scheduled on May 30-31. The full list of pre-qualified companies is shown […]
Exxon Mobil has told Baghdad it will not break ground on its oil blocs in Iraqi Kurdistan until the central government in Baghdad approves the contracts, Deputy Prime Minister for Energy, Hussain al-Shahristani, said said on Wednesday. Shahristani has indicated many times that such approval was unlikely to be granted. Baghdad has threatened to exclude Exxon […]
Further to the rumours that Exxon Mobil plans to abandon it's contract at West Qurna-1 in favour of pursuing exploration deals in Iraqi Kurdistan, the Kurdistan Regional Government (KRG) has issued the following statement: "In a meeting with President Masoud Barzani in Washington DC this week, the CEO of Exxon Mobil, Rex Tillerson [pictured] stated […]
Sources in Baghdad have told Iraq Business News that Exxon Mobil has decided to abandon its contract at the giant West Qurna-1 oilfield in Southern Iraq, in favour of pursuing its interests in Iraqi Kurdistan. In recent days the Iraqi Ministry for Oil has claimed to have received a second letter from Exxon in which […]
Ashti Hawrami, the natural resources minister of the Kurdistan Regional Government (KRG), said on Monday that Exxon Mobil is honoring its oil exploration contracts in the region, contradicting the statement from Baghdad's Oil Minster, Abdul Kareem Luaibi [Elaibi], who said the deal had been frozen. “What comes out of Baghdad is about 90 percent, with […]
Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] said on Monday that Exxon Mobil had sent a second letter to Iraq's oil ministry confirming its decision to freeze its oil deals with the Kurdistan Regional Governmment (KRG), according to a report from Reuters. The decision may lead the Iraqi government to allow Exxon Mobil to re-enter […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
