Iraq's Minister of Foreign Affairs, Mr. Fouad Hussein, announced Iraq's exit from Chapter VII of UN Charter after the UN Compensation Commission (UNCC) announced that Iraq had made the final reparation payment to Kuwait. In a speech during a briefing at the UN Security Council on ending the Compensation Commission's mandate over Iraq's reparations to […]
ABB named system integrator and automation solution provider INTECH Process Automation UAE as ABB Value Provider (AVP) for the UAE and Iraq. The AVP program ensures that the services customers receive from AVPs meet the high quality standards of ABB products both globally and locally. Huseyn Tarek, Regional President - MEA&CIS Management, INTECH, said: "We […]
By John Lee. The Office of the United States Trade Representative (USTR) has included Iraqi companies on its newly-released 2021 Review of Notorious Markets for Counterfeiting and Piracy (the Notorious Markets List). The Notorious Markets List highlights online and physical markets that reportedly engage in or facilitate substantial trademark counterfeiting or copyright piracy. "The global […]
The Government of Iraq has deposited its instrument of accession to the Patent Cooperation Treaty (PCT) with the Director General of the World Intellectual Property Organization (WIPO), making Iraq the 155th member of the PCT Union. The PCT will enter into force for Iraq on April 30, 2022. As from April 30, inventors in Iraq can file […]
By John Lee. Ain Al-Sayad Company for General Contracts Ltd has won a contract with the United Nations Office for Project Services (UNOPS) for the "Supply and Installation of Electric Signals Measuring Instruments for the Signals School in Iraq." The contract is valued at $965,350. (Source: UNGM)
By Nicole Di Ilio for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Strains on ancient Mesopotamian marshes imperil ecology, way of life The marshes in southern Iraq have a unique ecosystem but face dangers due to climate change, dams built […]
By John Lee. The Iraqi Drilling Company (IDC) has announced that its technical and engineering staff have started drilling oil well MJ-129 in Majnoon oil field in Basra Province. The Director General of the IDC, Bassim Abdul Karim, said that the planned depth of the well is 3,648 meters, reaching to the Mishrif formation. He […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced it exited 2021 with 321 million barrels of oil equivalent (MMboe) of net proven and probable (2P) reserves, notwithstanding production of 34 MMboe during the year. The Company's 2P reserves life stood at 9.3 years. Combined with contingent (2C) resources of 189 […]
By John Lee. Genel Energy plc has updated its oil reserves across its portfolio. Net oil Reserves (MMbbls) 1P 2P 3P 31 December 2020 69.4 117.2 177.2 Production (11.6) (11.6) (11.6) Technical revisions 4.8 (1.4) (28.9) 31 December 2021 62.6 104.2 136.6 International petroleum consultants DeGolyer and MacNaughton, working on behalf of the operator DNO, […]
By Rina Bassist for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. UNESCO makes progress in reconstruction of Mosul monuments Paris-based UNESCO Chief Audrey Azoulay will travel to Mosul in March, to officially launch the second phase of the reconstruction of […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. KRG' Contracts, Laws and Oil Exports are Unconstitutional and Nullified, Federal Supreme Court Decides Federal Supreme Court-FSC in Iraq issued, after ten years of debate and deliberate procrastination tactics, a long-waited constitutional […]
