By John Lee. Schlumberger has reportedly announced its withdrawal from Iraqi Kurdistan, as a result of the Federal Supreme Court ruling that oil contracts signed with the Kurdistan Regional Government (KRG) are unconstitutional. Sources told the official Iraqi News Agency that the US-based oilfield services company "sent a letter with an official document to the […]
The United Nations set aside 27 June to annually celebrate the role that micro, small and medium enterprises play in the global economy, poverty reduction and the attainment of the 2030 Sustainable Development Goals. This year, UN agencies in Iraq share a statement to recognize MSMEs at the heart of any resilient recovery from the […]
By John Lee. Petrel Resources has said its Iraqi business is being "re-galvanised" (sic), with data bases being updated, and updated proposals submitted to the incoming administration. In its audited results for the year ended 31st December 2021, the company said it is strengthening its Iraqi team, and has invested heavily in the training and […]
From the Iraq Britain Business Council (IBBC): Please join IBBC webinar on The Privatization of Iraqi State-owned Enterprises, which will take place on July 6th from 1.00pm - 2.30pm UK time on Zoom. Please register for IBBC webinar here Professor Frank Gunter of Lehigh University joined by other Members of the IBBC Advisory Council has […]
By John Lee. Croatia's Koncar Group has signed an agreement worth EUR 65 million ($69 million) with Iraq's Ministry of Electricity for the revitalization of Haditha hydroelectric power station. Under the agreement, the company will carry out what it describes as "a partial revitalization of generation units, replace part of the MV and HV equipment, […]
By John Lee. Dana Gas has said that following the incident on the 22nd of June, two further small rockets landed within the Khor Mor Block in the Kurdistan Region of Iraq on Friday and Saturday, respectively. It says there were no injuries or damage. In a statement to the Abu Dhabi Stock Exchange, the […]
From the Kurdistan Regional Government: Like citizens across the Kurdistan, I have been deeply troubled by the repeated terror attacks on our people and public infrastructure in recent months. The cowards behind the attacks have resorted to terror tactics because they have lost the court of public opinion in the rest of the country. Rather […]
By John Lee. A delegation from the Egyptian Ministry of Water Resources and Irrigation has visited Iraq to study the possibility of building a water treatment plant on the Euphrates River. According to a report from Egypt Today, the plant would be similar to Egypt's Bahr El-Baqar wastewater treatment plant. The discussions involved Orascom and […]
Ahead of Friday's 2022 Annual General Meeting ("AGM"), Gulf Keystone Petroleum (GKP), provided an operational and corporate update. Shares in the company closed down 4.4 percent. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Following a year of strong operational and financial performance in 2021, our leverage to the oil price, low-cost production base and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd June 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD970 (-1.1%) / $847 (-1.3%) (weekly change) (+5.7% and +5.2% YTD change, respectively). The number of week traded […]
By John Lee. Basrah Gas Company (BGC) has exported its first semi-refrigerated liquefied petroleum gas (LPG) shipment from Umm Qasr jetty. The General Manager of BGC, Malcolm Mays, said the export of the first shipment of semi-refrigerated liquid gas is a great and historical achievement for Basra Gas Company, noting that this came as a […]
By John Lee. Iraq's Minister of Finance has directed the Agricultural Cooperative Bank to postpone the payment of debts owed by farmers for a period of two years. Dr. Ali Allawi (pictured) said: "Based on Article Thirteen of the Food Security Law, it was decided to postpone for a period of two years the collection […]
