Northern Ireland companies are being encouraged to take advantage of a bonanza of economic opportunities in the Middle East. Enterprise Minister Arlene Foster was speaking as she welcomed His Excellency Masoud Barzani, President of the Kurdistan Region of Iraq to Northern Ireland, on a two-day trade and investment visit organised by Invest NI. Minister Foster […]
By John Lee. As part of its operational update yesterday, Petroceltic gave an update on its operations in Iraqi Kurdistan: An active exploration and development programme is scheduled for 2013 with a capital expenditure budget of US$150 million. Exploration drilling and seismic acquisition accounts for approximately 43 percent of the budget with the balance committed […]
Kentz has announced the award of three individual, reimbursable, service contracts in Iraq with a total value to the company of circa US$55 million, through its Technical Support Services business unit. Across the three projects, Kentz will provide services over the next three to four years that will oversee the development of in-plant process facilities […]
By John Lee. The broadband company belonging to former Irish international soccer player and Sunderland boss Niall Quinn (pictured) is reported to be considering entering the Iraq market. The Irish Independent reports that his company, QSat, has formed a partnership with another Irish company, Altobridge, that could take it into Iraq, where Altobridge already provides […]
By John Lee. In its half-yearly report issued on Thursday, Irish engineering services group Kentz announced that it was recently awarded a new engineering design contract in Iraq. The company will serve as the main FEED (front-end engineering and design) contractor on the Tuba Project, comprising part of the overall development of the West Qurna […]
By John Lee. Northern Ireland's Enterprise Minister, Arlene Foster (pictured), has today signed a Memorandum of Understanding (MOU) with the Kurdistan Regional Government, which will strengthen trade links and define areas of co-operation between the two regions. The MOU is the result of the Minister’s visit to Kurdistan in October 2011 when she met with […]
In its preliminary results announcement on Thursday, Irish oil and gas exploration company Petroceltic made the following statement on its operations in Iraqi Kurdistan: Petroceltic has been considering making an investment in the highly prospective Kurdistan region of Iraq for several years. We were attracted by the prospective geology of the region, in the shape […]
Basra Investment Commission (BIC) met a group of Irish companies to discuss ways of investing in Basra and the prospects of joint cooperation, and agreed to hold the Irish economic conference in the city. The group consists of 12 companies involved in construction, infrastructure, housing, waste recycling and communications and other disciplines. It is already […]
Asiacell – the first and largest private Iraqi telecommunications company and the first mobile telecom company to provide coverage for all of Iraq – today announced rolling out mobile voice, broadband and SMS services across remote communities in Iraq using the Altobridge lite-site™ solution. A satellite-backhauled, solar-powered, 2G/3G solution, the Altobridge lite-site™ enables mobile network […]
Petroceltic International, the Irish-based AIM and ESM listed oil and gas exploration and production company focused on North Africa, the Middle East and the Mediterranean, has announced that, in partnership with Hess Middle East New Ventures, a subsidiary of Hess Corporation, it has executed two Production Sharing Contracts ("PSCs") with the Kurdistan Regional Government of […]
A trade delegation from the Kurdistan Region is expected to visit Britain and Ireland next week, seeking to form and consolidate trade relations, a regional government official said on Monday. The delegation will be made up of government officials, businessmen and Investment Board members. Dara Jalail Khayat, head of the Kurdistan Regional Government (KRG)'s Chamber […]
