By John Lee. Iraq is reportedly planning to build its largest train station. According to Zawya, the new facility in Mosul will replace the old station, dating from 1935, which was badly damaged in the war against the so-called Islamic State (IS, daesh). It adds that the government has already approved the building of a […]
By John Lee. Basrah Gas Company (BGC) has obtained endorsement from its shareholders to gather and process an additional 80 mmscf/d of the flared gas. On the 30th of November 2022, BGC's shareholders (South Gas Company 51%, Shell 44% and Mitsubishi 5%) signed the Final Development Decision (FDD), at the Higher Management Committee meeting, to […]
By John Lee. Iraq's Minister of Construction has signed a grant agreement to finance the Al-Khader and Al-Daraji water desalination project in Al-Muthanna Governorate Mr. Benkin Rikani [Bangin Rekani] signed the agreement with the Director of the German Development Bank KFW, Dr. Anna-Christine Janke, and the grant will be provided by the German Ministry of […]
By John Lee. Basrah Gas Company (BGC) has appointed Andrew Wiper (pictured) as its new Managing Director. Andrew has more than 20 years of experience in the oil and gas industry, most recently with Shell, and previously with the Shell-associated KPO in Kazakhstan. He holds a bachelor's degree in Electronic Engineering and a master's degree […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th December 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD923 (+1.9%) / $784 (+0.7%) (weekly change) (+0.5% and -2.6% YTD change, respectively). The weekly trading volume was […]
By John Lee. Iraq has fallen in the World Press Freedom Index for 2022, ranking 172nd out of 180 countries, down nine places on last year. The result puts Iraq behind countries such as Syria and Saudi Arabia, but ahead of Iran and China. First place went to Norway, with North Korea coming last. Reporters […]
By John Lee. Genel Energy has announced the following update on the Sarta PSC (30% working interest and operator): Testing of the Sarta-6 appraisal well has been completed. The well was a six kilometre step out from, and was c.300 metres downdip from, the Phase 1A pilot production area. 12 intervals were completed for individual, […]
By John Lee. Jauf Albihar for General Trades and Contracts has won a contract with the United Nations Secretariat for the "Rehabilitation of Livestock Market, TelAfar, Nineveh Governorate." The contract is valued at $141,595. (Source: UNGM)
By John Lee. The Iraqi government has authorized the Minister of Agriculture to purchase 60,000 tons of DAP (di-ammonium phosphate) fertilizer, at a price not exceeding 1,550,000 dinars per ton, an additional quantity previously contracted at 90,000 tons, from the Ministry of Industry. It describes this as being an exception to the stipulated contracting methods. […]
Iraq: Staff Concluding Statement of the 2022 Article IV Consultation Mission: A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or 'mission'), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles […]
Today, iQ proudly reveals its groundbreaking partnership with Tencent. In a bid to improve gaming latency and establish itself as a telecommunication pioneer, iQ has become the gaming publisher's first partner in Iraq, as well as one of its few partners in the region. iQ will provide Tencent with powerful servers and unmatched connectivity to […]
By John Lee. Iraq's parliament has reportedly approved two candidates for the two remaining vacant ministries in Prime Minister Mohammed Shia al-Sudani's cabinet. The KDP's Bangin Rekani was approved as the Minister of Construction and Housing, while the PUK's Nizar Mohammed [Nizar Amedi] was confirmed as the Minister of the Environment. These two appointments, both […]
