By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling operations for the Nasiriyah-60 oil well in Dhi Qar province. The well, reaching a depth of 2,110 meters, is part of the "Mushrif [Mishrif] Formation", and the project is a contract with the Dhi Qar Oil Company (DQOC). The project entails drilling 20 […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has suspended its 2023 guidance due to uncertainties resulting from the closure of the Iraq-Turkey Pipeline (ITP) to Ceyhan, and other challenges in Iraqi Kurdistan. Full statement from ShaMaran Petroleum: ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSXV: SNM) and (Nasdaq First North Growth […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th August 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,185.2 6.5% 30.2% RSISX USD Index 1,165.4 […]
By John Lee. Share in Gulf Keystone Petroleum (GKP) were trading up nearly 7 percent this morning (Wednesday), follow a fall that saw the shares down 25 percent at one point yesterday. In an operational and corporate update, the company said it has, "commenced local sales in July and partially restarted Shaikan Field production, increasing […]
By John Lee. UAE-based Dana Gas said on Wednesday that its Pearl Petroleum subsidiary recently received $101 million payments from the Kurdistan Regional Government (KRG). However, the shares were trading down approximately 1 percent, as overall revenues and profits saw a decline. Full statement from Dana Gas: Highlights - H1 2023 KRI production increased by […]
From KRG: More then 5 million square metres of minefields are cleared in the Kurdistan Region The Kurdistan Regional Government's (KRG) ninth cabinet remains committed to ensuring the safety of its citizens. One significant expression of this commitment is the work of the Iraqi Kurdistan Mine Action Agency (IKMAA) which cleared a staggering 5,038,629 square […]
By John Lee. Iraq has reportedly increased its supply of crude oil to Jordan from 10,000 barrels per day (bpd) to 15,000 bpd. Jordan's state-run Petra News Agency cites the Ministry of Energy and Mineral Resources as saying that the increase took effect from the start of August. The oil will be supplied to the […]
By John Lee. As part of the broader digital transformation plan, the Kurdistan Regional Government (KRG) has launched its Citizen Complaint System. This system aims to enhance citizen engagement, government responsiveness, and overall efficiency in public service delivery. It aims to reduce the use of paper and routine procedures while valuing the time and rights […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani reviewed initial plans and overall outlines for a large tourist complex in central Baghdad on Sunday. The project proposal was submitted by the Qatari Investment Holding Company [Estithmar Holding], specialized in real estate development and investment in tourist destinations. Pictures provided by the Media Office of the […]
By John Lee. A British court has supported a decision by the trustees of a pension scheme to petition to have the scheme's sponsoring employers, Biwater, wound up. The decision could lead to the potential liquidation of Biwater, which has projects in Basra, and in Iraqi Kurdistan. As at 19th May 2023, Biwater owed the […]
By John Lee. Iraq's Commission of Integrity has announced that a suspect in the theft of approx $2.5 billion from the Iraqi tax authorities has being extradited from Jordan to Iraq. The theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank is sometimes referre to […]
By John Lee. Iraq's Ministry of Communications has blocked the messaging app Telegram, citing concerns relating to national security and "societal peace". In a statement on Facebook, the Ministry also said that the block was "in order to preserve the personal data of citizens," which it says Telegram has mishandled. It adds that the company […]
