By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for September of 98,765,153 barrels, giving an average for the month of 3.292 million barrels per day (bpd), slightly up from the 3.286 million bpd exported in August. The exports from the oilfields in central and southern Iraq amounted to approximately 96,445,421 barrels, […]
By John Lee. KRG Prime Minister Masrour Barzani has inaugurated the Lanaz Refinery in Erbil. According to a statement from the KRG, the inauguration paved "the path to hundreds of new employment opportunities for Kurdistani youth at the facility, which boasts of a production capacity of 75,000 barrels of crude oil per day." The statement […]
By John Lee. The Iraqi parliament has given a vote of confidence to incoming Prime Minister Muhammad Shia al-Sudani and his new cabinet. A full listing of the new ministers, along with alternative spellings used by some sources, is shown below: Deputy Prime Minister and Minister of Foreign Affairs, Mr. Fouad Hussein [Fuad Hussein] Vice […]
On 24 October 22, the Baharka Hospital was inaugurated in Erbil in the north of Iraq by representatives of the Kurdish Regional Government, the United Nations Development Programme (UNDP) and German representatives - including KfW Development Bank. The opening of the hospital will create further urgently needed capacity for the care of patients with airborne […]
By John Lee. Iraqi authorities have arrested a businessman suspected of involvement in the theft of $2.5 billion from the country's tax agency. The man, the Managing Director of an oil services company, was detained as he attempted to fly out of Baghdad International Airport (BIAP) on a private jet to Turkey. (Source: Commission of […]
ILO and the Erbil Polytechnic University partner to develop local skills in Employment Intensive methods The International Labour Organization (ILO) and the Erbil Polytechnic University (EPU) have signed a Memorandum of Understanding to develop the skills of technicians and workers in cultural heritage development The collaboration is part of the on-going project "Support to livelihoods […]
From the Iraq Britain Business Council (IBBC): IBBC focused on 'Iraq - Identifying Business Opportunities' in Dubai conference 10 & 11 November 2022 After a year it now appears, the Iraqi government is forming led by PM designate Mr Mohammed Al Sudani under President Abdul Latif Rashid. There are significant implications for this development […]
Sustainable Agriculture forum held in Babylon to celebrate World Food Day Under the patronage of the Ministry of Agriculture, the World Food Day was celebrated jointly with FAO Iraq at Al-Mustaqbal University College in Babel Governorate as part of the Future Forum for Sustainable Agriculture event with the slogan "Sustainable Rural Agricultural Development, the Way […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th October 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD945 (+1.4%) / $831 (+2.1%) (weekly change) (+2.9% and +3.2% YTD change, respectively). The weekly trading volume was […]
By John Lee. China Petroleum Engineering & Construction Corp (CPECC) has reportedly signed a contract for the design, procurement, construction and testing of new crude oil processing facilities at Iraq's giant Rumaila oilfield. According to a report from the China International Contractors Association, the facility in Mishrif Qurainat (MQ) is the first new crude oil […]
By John Lee. The Iraqi Oil Exploration Company has signed a contract with China National Offshore Oil Corporation (CNOOC) to study Iraq's offshore oil block in the Gulf. The Undersecretary for Extraction Affairs represented the Oil Minister, Mr. Ihsan Abdul-Jabbar Ismail, at the signing ceremony. The General Manager of CNOOC Middle East and Iraq said […]
DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2022 operating and interim financial results on 3 November 2022 at 07:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as other key financial information that will be further discussed in the earnings call. […]
