Tag Archives | Western Desert

IS "takes Border Station" in Iraq's Western Desert

By Shelly Kittleson, for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Islamic State takes border station in Iraqi desert with 'drug smuggling wali' A recent incident along Iraq's western border and alleged connections between drug smuggling and Islamic State cells […]

Petrel Raises Capital to pursue Iraq Prospects

By John Lee. Petrel Resources Plc (Lon: PET) has announce that the company has arranged a placing with ETX Capital to raise £250,000 (before expenses) via the issue of 7,692,308 new ordinary shares (the "Placing Shares") at a placing price of 3.25p per Placing Share. Subject to the appointment of responsible officials by the new […]

Iraq could surpass Saudi Arabia in Oil Production

By Padraig O'Hannelly. A senior oil executive has predicted that Iraq could surpass Saudi Arabia as an oil producer. Addressing delegates at CWC's Iraq Petroleum conference in London, Majid Jafar (pictured), CEO of Sharjah-based Crescent Petroleum, said: "Iraq is hugely underexplored. We at Crescent know of 300 structures just in the Western Desert that have […]