By John Lee. Two oil executives in the Kurdistan Region have told Reuters that Chevron is purchasing 80 percent of the Sarta and Rovi blocks from India's Reliance Industries. Austria's OMV holds the other 20 percent interest in Sarta/Rovi. Chevron reportedly declined to comment on Wednesday, saying that it continued to be interested in pursuing […]
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Tags: Austria, Chevron, india, Kurdistan News, oil contacts, OMV, Reliance, Reliance Industries, Rovi, Sarta
Chevron to Pay $200m for Kurdistan Oil Exploration Rights
By John Lee. America's second-largest energy company, Chevron Corporation, may buy the rights to two oil exploration zones in Iraqi Kurdistan. According to a report from region from the Sunday Times in London, it would acquire the rights from Reliance Industries, India's largest private sector enterprise. The deal, which may be announced this week, is […]
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India's Reliance Globalcom sets up Iraq Subsea Broadband Link
By John Lee. India's Reliance Globalcom, the underseas cable unit of Reliance Communications, has said it has launched a joint venture with the Iraqi Telecommunications and Post Company (ITPC) that substantially expands the country's broadband and telecommunications links to the outside world. By activating the Al-Faw Cable Landing Station (CLS), the venture will connect Iraq […]
Tags: broadband, india, Internet, Iraqi Telecommunications and Posts Company (ITPC), Reliance, Telecommunications
CommLab Trains Delegates from Iraqi Oil Ministry
CommLab India has successfully completed a two-month eLearning training program for delegates from Ministry of Oil (MoO), Iraq. 24 professionals representing MoO were trained in all aspects of eLearning such as Instructional Design, Courseware development and Learning Management System at CommLab's premises in India. The officials received an in-depth understanding of the nuances of developing […]
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Iraq Topples Iran to become 2nd Largest Crude Supplier to India
The recent sanctions imposed on Iran by the United States has in turn put pressure on India to diversify to other oil producing nations. Until now Iran was India’s second largest supplier of oil, meeting 12% of the country’s needs. This position has now been taken over by Iraq. The reason for the movement away […]
More Flights to Jordan and India
Iraq's Transport Ministry said it has agreed to increase the number of flights between Iraq and Jordan. There will be four trips weekly between Amman and Mosul, and five between Amman and Najaf. According to the report from Aswat al-Iraq, the Jordanian side has agreed to facilitate granting visas to Iraq. The ministry added that […]
Iraq Seeks to Buy 30,000 Tons of Basmati Rice
Iraq plans to buy 30,000 metric tons of basmati rice from India and Pakistan, according to a report from Bloomberg. Fawziyeh Hameed, a spokeswoman for the Trade Ministry, told the news agency that the deadline for suppliers to submit bids is April 22. Bids should be valid until April 26. Iraq reportedly bought 53,000 tons […]
Iraqi Deputy PM Invites Indian Companies
Iraq has invited Indian companies to take part in its reconstruction programme either independently or through joint ventures with local partners, reports the Hindu Business Line. Iraqi Deputy Prime Minister, Dr Rowsch Shaways (pictured), told the Indian Minister of Commerce, Industry and Textiles, Anand Sharma, that India is committed to deepen its relations with Iraq: […]
Iraq Seeks up to $700bn Investment in Infrastructure
Sami al Araji, chairman of Iraq's National Investment Commission (NIC), has told a business audience in New Delhi that his country needs $500-$700 billion in investment to rebuild its infrastructure. Araji compared the opportunities in Iraq to "Germany after the Second World War", adding, "our message to the world is that we are open for […]
Direct Flights Between Iraq and India
Indian aviation authorities have approved a plan by Iraq’s national carrier, Iraqi Airways, to operate four return flights every week to Baghdad — two each from Delhi and Mumbai. “The first flight will be launched on February 12,” Bharat Bhushan, Director General of Civil Aviation, told The Indian Express. An Indian ministry official said: “We […]
India's new Ambassador to Iraq Visits Kurdistan
India’s first ambassador to be appointed to Iraq in the last nine years yesterday made his first visit to the Kurdistan Region, to meet President Masoud Barzani and to discuss economic partnership opportunities with the Kurdistan Regional Government. The three-day visit was Ambassador Reddy’s first trip to the Kurdistan Region since assuming his post in […]
CommLab India Wins Ministry of Oil eLearning Contract
CommLab India has been awarded an eLearning contract by Iraq's Ministry of Oil. This turnkey project is the first of its kind for the Ministry of Oil. The first phase of this project involves a one-year pilot across three of their locations – a refinery, a training center and the oil ministry. CommLab India will […]
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