By John Lee. Genel Energy has issued a presentation relating to its half-year results to the end of June. Click here to download. (Source: Genel Energy)
Genel Energy presentation on Results to the end-June
Tag Archives | featured
Tags: Bina Bawi, Ceyhan, featured, Genel Energy, Iraq Oil Exports News, Iraq Oil Production News, Iraq-Turkey Pipeline (ITP), Kirkuk Ceyhan pipeline, Miran, Sarta, Tawke, Turkey, Turkiye
Fitch Places Sumer Commercial Bank on Rating Watch Negative
By John Lee. Fitch Ratings has placed Iraq's Sumer Commercial Bank PSC's (SCB) Long- and Short-Term Issuer Default Ratings (IDRs) of 'CCC+' and 'C', respectively, and Viability Rating (VR) of 'ccc+' on Rating Watch Negative (RWN). It says the recent ban that prohibits SCB from dealing in US dollars restricts the bank's capacity to repay […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd August 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,112.5 -0.8% 22.2% RSISX USD Index 1,093.8 […]
Tags: featured, Iraq Stock Exchange News, Iraq Stock Market Report, mn, Rabee Securities, stock market
Iraq Desalination Project transferred to Basra Governorate
By John Lee. In an effort to address the water scarcity crisis and expedite the implementation of a seawater desalination plant project in Basra province, the Iraqi Cabinet has made the following decisions: Amendment to Previous Decision: The Cabinet has revised the resolution made in 2021 under Cabinet Decision No. 315. Project Transfer: The Ministry […]
Tags: Al-Rida Group, Austria, Basra News, Biwater, desalination, featured, ILF Consulting Engineers, korea, Makinasinayi, mn, Samsung, South Korea, UK Export Finance (UKEF), United Kingdom, water management, Wood Group
Pipeline Closure causes steep Revenue Fall at Genel Energy
By John Lee. Revenues at Genel Energy have, as expected, fallen sharply as a result of the closure of the Iraq-Turkey Pipeline (ITP) which brings oil from Northern Iraq to Turkiye's port of Ceyhan. In its unaudited results for the period ended 30 June 2023, Paul Weir, Chief Executive of Genel, said: "The closure of […]
Tags: Bina Bawi, Ceyhan, featured, Genel Energy, Iraq Oil Exports News, Iraq Oil Production News, Iraq-Turkey Pipeline (ITP), Kirkuk Ceyhan pipeline, Miran, Sarta, Tawke, Turkey, Turkiye
Gomaspan Dam to be KRI's Third Largest
By John Lee. The Kurdistan Regional Government (KRG) has said that the Gomaspan Dam in Erbil Governorate will be the third largest in the Kurdistan Region when it's completed in mid-2024. Key statistics: Location: Erbil Governorate, Kurdistan Region Size: Third largest dam in Kurdistan Region Reservoir Storage: Expected 115 million cubic metres Water Usage: Irrigation: […]
KRG, UNDP, USAID discuss reforming Kurdistan Tourism
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG, UNDP, USAID discuss reforming Kurdistan Region tourism The Kurdistan Region Government (KRG) is discussing a reform program for the tourism sector along with a United Nations development agency and a United States aid […]
Tags: featured, KRG, Kurdistan News, mn, tourism, U.S. Agency for International Development, UN Development Programme (UNDP), United States, USAID
Iraq achieves Highest Oil Exports since October 2022
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for July: Total exports of crude oil: 106,755,169 barrels Revenues from crude oil exports: $8.293 billion Oil fields in central and southern Iraq accounted for 105,487,610 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
Without Reforms, Iraq's Oil Boom Could Turn to Bust -- World Bank
From the World Bank: Without Reforms, Iraq's Oil Boom Could Turn to Bust Iraq's economy continued its oil-driven recovery after the sharp pandemic-induced recession in 2020, but non-oil sectors have stagnated, and growth constraints have reemerged. Despite a record oil windfall and a long-awaited new budget, Iraq nevertheless remains at risk of missing the opportunity […]
Tags: banking, featured, gdp, Growth, inflation, Oil Prices In Iraq, oil revenues, reforms, World Bank
Poland gives another $270k for Iraqi Stabilization
Poland reaffirms commitment to Iraq's stabilization with additional US$270,000 contribution Iraq's post-ISIL stabilization efforts will continue to make a difference in the lives of the most vulnerable, as the Government of Poland reaffirmed its commitment with an additional inject of funding in the amount of 1.1 million Polish zloty (approximately US$ 270,000) towards UNDP's Funding […]
Tags: featured, Funding Facility for Stabilization (FFS), Poland, UN Development Programme (UNDP), United Nations (UN)
Pre-Qual to run Teaching Hospitals in Iraq
By John Lee. The Iraqi Ministry of Health has invited interested parties to pre-qualify for the management and operation of six teaching hospitals: Al Sadeq Teaching Hospital 492 beds/ Babel Al Hasan Al Mujtaba Teaching Hospital 492 beds/ Karbala Al Najaf Teaching Hospital 492 beds/ Najaf Al Hakeem Teaching Hospital 492 beds / Maysan Al […]
Tags: Al Hakeem Teaching Hospital, Al Hasan Al Mujtaba Teaching Hospital, Al Najaf Teaching Hospital, Al Nasiriya Teaching Hospital, Al Sadeq Teaching Hospital, Al-Sayyab Teaching Hospital, Babel, Dhi Qar, featured, hospitals, Karbala, Maysan, Missan, mn, Najaf, tenders
Kurdistan IOCs push for Reopening of Oil Pipeline
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said that spending on the oil industry in Iraqi Kurdistan has been cut by $400 million as a result of the closure of the Iraq-Turkey pipeline (ITP). Full statement from APIKUR: The Association of the Petroleum Industry of Kurdistan (APIKUR) notes that […]