By John Lee. The Kurdistan Regional Government (KRG) has reportedly awarded a six-month contract to conduct for a rail feasibility study to a Spanish company. Sources did not name the company, but said the cost of the report would be $2.6 million. The project will examine the feasibility of linking the border-crossings of Ibrahim al-Khalil […]
By John Lee. Iraqi Minister of Industry and Minerals, Manhal Aziz Mahmoud Al-Khabbaz, has announced the official start of construction of a new cement plant in Badoush, in Nineveh Governorate. The $220-million project is being carried out by the General Company of Iraqi Cement and a Spanish company, which the Ministry did not name. The […]
By John Lee. European countries including France, Spain and the Netherlands have reportedly announced the temporary withdrawal of troops from the anti-Islamic State (IS) coalition and NATO Training Mission in Iraq. According to Janes 360, the withdrawals follow an announcement by Combined Joint Task Force Operation Inherent Resolve (CJTF-OIR) that it had ceased training Iraqi […]
The Ambassadors of Canada, Croatia, Czech Republic, Finland, France, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Romania, Spain, Sweden, the United Kingdom and the United States condemn the excessive and lethal use of force by Iraqi security forces and armed groups since 24 January against peaceful protestors, including in Baghdad, Nasiriya and Basra. Despite assurances […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq’s Prime Minister Adel Abdul Mahdi received a delegation from the Spanish Real Madrid Club March 21 to discuss joint sports projects in Iraq. The delegation’s visit was welcomed by not […]
UNFPA and Spain Join Efforts to Enhance Access to Psychosocial and Mental Health Services in Iraq The Spanish Agency for International Development Cooperation (AECID) joined efforts with UNFPA to improve access to psychosocial, mental health, and GBV services to women and girls in Iraq through a contribution of €400,000 to the programme. The conflict in […]
Press Release We live in a very uncertain world, currently fraught with geopolitical tensions, social upheaval and economic ups and downs. For these reasons – and more – people around the world, and especially in the Middle East, are increasingly looking for second citizenships to protect their assets and, more importantly, ensure a secure and […]
WesternZagros Receives Approval for Garmian Field Development Plan and Submits Kurdamir Field Development Plan WesternZagros Resources has announced the approval of the Garmian Block Field Development Plan ("FDP") from the Kurdistan Regional Government ("KRG") and the submission of the Kurdamir Block FDP. Garmian Block Field Development Plan Approval WesternZagros and its co-venturer, Gazprom Neft Middle […]
WesternZagros Resources has announced its production of light oil in the Kurdistan Region of Iraq averaged approximately 5,000 barrels per day in the third quarter. As previously disclosed, operatorship of the Garmian Block was to transition from WesternZagros to Gazprom Neft Middle East B.V at the end of the exploration period for the block pursuant […]
WesternZagros Resources has issued an update in advance of the company's standard second quarter results which are scheduled for release on 13th August, 2015: Garmian Block Second quarter production from the Sarqala-1 well averaged 5,427 barrels of oil per day ("bbl/d). WesternZagros continues, in accordance with the KRG, to supply this production to the domestic […]
By John Lee. Talisman Energy, the Canadian producer being acquired by Spain’s Repsol, has fully impaired its investment in Block K44 in the Kurdistan region of Iraq by $234 million, after determining that future investment in a capital constrained environment was unlikely. The company has an interest in two blocks, Kurdamir and Topkhana, covering in […]
Shell and the Foundation of Football Club Barcelona (FFCB) have signed an agreement extending the award winning extra-curricular school programme “FutbolNet”, for an additional two seasons in Basrah. The “FutbolNet” programme is based on FFCB’s methodology of using football to develop life and leadership skills, respect, tolerance, teamwork, responsibility and effort amongst children and encouraging […]
