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  • Investors Iraq News's Avatar
    Yesterday, 05:20 PM
    By John Lee. ExxonMobil‘s giant oil project in southern Iraq is reportedly on hold. According to Reuters, a combination of contractual difficulties and security concerns is delaying agreement on the $53-billion Southern Iraq Integrated Project, which includes the construction of a water treatment plant needed to boost oil production. The deal would have seen Exxon get the rights to develope the Nahr Bin Umar and Artawi oilfields. Last month, Oil Minister Thamer al-Ghadban criticised ExxonMobil‘s decision to temporarily evacuate staff from the West Qurna oil field following an attack in the area. More here. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 05:20 PM
    A top commander voiced Iran’s readiness to provide neighboring Iraq with whatever means necessary for air defense. In comments on Sunday, Commander of Khatam al-Anbia Anti-Aircraft Base of the Iranian Army, Brigadier General Alireza Sabahi Fard, said the Iranian Air Defense is fully prepared to satisfy Iraq’s air defense demands in all areas. By relying on local experts, the Iranian Air Defense is ready to help Iraq in manufacturing and providing technical support for various air defense systems, the Iranian general said at a meeting with Major General Tariq Abbas Ibrahim Abdul Hussein, chairman of the Iran-Iraq joint commission, held in Tehran. Sabahi Fard also noted that the Iranian technicians have manufactured a whole host of air defense systems, including tactical and stationary radars, artillery and missile weapons, signal and data collecting equipment, electronic warfare gear, and drones for missions and applications in diverse frequencies and ranges. “We are ready to form expert committees in all spheres to pave the way for the launch and promotion of mutual cooperation,” the Iranian commander added. For his part, the Iraqi general hailed Iran’s advances in the air defense industry, saying Iraqi military delegations have been acquainted with the Islamic Republic’s great capabilities after a series of visits to Iran. The Iraqi commander also expressed his country’s willingness to work with Iranian air defense experts for manufacturing equipment, training, and technical support in various fields, such as electronic warfare, radars, visual monitoring, command and control, radar-related calculations, and software systems. In April, Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri said Tehran and Baghdad have agreed to launch air defense cooperation to combat possible threats to Iran’s western border. Later in May, Commander of Iraq’s Navy Major General Ahmed Jasim Maarij and Commander of the Islamic Revolution Guards Corps (IRGC) Navy Rear Admiral Ali Reza Tangsiri met in Tehran to discuss promoting defense cooperation in the naval sphere, forming a joint commission of naval cooperation, enhancing coordination between the two navies, holding joint educational, scientific and research courses, sharing academic experiences, and staging joint naval exercises. In July 2017, Iran and Iraq signed an agreement to boost military cooperation in a host of fields, including counterterrorism. Based on the deal, Tehran and Baghdad try to promote interaction and share experiences in the fight against terrorism and extremism, work together to ensure border security, and provide each other with training and logistical, technical and military support. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Yesterday, 05:20 PM
    By Ali Mamouri for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iran already turning Iraq into battleground against USAs tension intensifies between Washington and Tehran, attacks against US interests in Iraq are increasing quickly and*significantly. A short-range Katyusha missile on June 19*hit the Burjesia*site that houses the operations and residential*headquarters of several global oil companies, including*US energy giant ExxonMobil,*Royal Dutch Shell of the Netherlands*and Italy’s Eni. The complex is west of Basra in southern Iraq, near the Zubair oil field and the Iranian border. Click here to read the full story. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • cjcossey's Avatar
    Yesterday, 01:21 PM
    I got my account renewed but could not send the name or email I received it from. It stated spam as to where my request came from.
    15 replies | 2952 view(s)
  • cjcossey's Avatar
    Yesterday, 01:12 PM
    I mailed a renewal request renewal and got a response. I tried to sent the emails but I could not get it to send. I am seeing if this is sent without a email.
    15 replies | 2952 view(s)
  • BlindChameleon's Avatar
    Yesterday, 12:35 AM
    I'm glad that you have started this thread as I was going to start this thread tonight. I sent an email every day for 5 weeks and NEVER received a response. I also checked my spam and junk folder and NOTHING. I would go as far sending Mr. I the email and adding a CC email address from the E-banking Dept, Accounts Dept, or International Foreign Relation Dept. First they liquidate millions of proxy stocks and now I may not have millions of IQD in my digital account.... LOL you gotta love it!
    15 replies | 2952 view(s)
  • James's Avatar
    06-22-2019, 08:37 PM
    James replied to a thread reset password 2019 in Warka Bank News
    I still haven't heard a response. 3 emails a week. Going to send in gmail next week.
    15 replies | 2952 view(s)
  • Investors Iraq News's Avatar
    06-22-2019, 07:34 PM
    GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments across the country. Please click here to download the latest report free of charge. For more information on how GardaWorld’s services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at daniel.matthews@garda.com Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-21-2019, 08:43 PM
    Shares in Gulf Keystone Petroleum (GKP) closed Friday up 3.5 percent after the company issued the following operational and corporate update ahead of its AGM: Operational Workovers on SH-1 and SH-3 have now been completed, resulting in the anticipated material production uplift at both wells.* Production from SH-1 has increased by 105% to 7,800 bopd and SH-3 by 40% to 6,200 bopd. The SH-12 well (formerly called SH-H) was spudded on 7 June with DQE’s Rig 40, signalling the commencement of the Company’s drilling campaign; a major milestone for Gulf Keystone. The next well, forecasted to spud in Q4 2019, will be SH-9 which aims to assess the feasibility of gas reinjection into the Jurassic formation, rather than the originally planned Jurassic production well. The workovers to install Electric Submersible Pumps (“ESP”) will take place in Q4 2019.* As part of the 2019 work-programme, PF-1 was shut down on 10 June for planned maintenance and the installation of equipment required for the 55,000 bopd de-bottlenecking project. The facility is scheduled to be offline for approximately 15-20 days. The installation of the PF-1 export pipeline infrastructure continues. The pipeline is now installed, and export pumps and the associated controls are currently being fitted.* The pipeline is expected to be operational in Q3 2019. Average gross production of 29,993*barrels of oil per day (“bopd”) achieved to date in 2019 with*production levels of 38,100 bopd attained prior to the PF-1 shut down. Full year production guidance remains unchanged, although due to changes in the drilling schedule average gross production in 2019 is currently expected to be at the lower end of the 32,000 – 38,000 bopd guidance.* As a result of the revised timeframe, the 55,000 bopd production target is now expected to be achieved in Q2 2020, as opposed to previous guidance of Q1 2020. Corporate At the request of the Ministry of Natural Resources (“MNR”), GKP and its partner MOL re-submitted a revised Field Development Plan (“FDP”) on 23 May 2019 to address additional MNR requests on gas management. The FDP is currently under review by the MNR. Cash balance of $290 million as at 20 June 2019. The Company remains fully funded for all phases of the Shaikan expansion programme. As part of the Company’s dividend policy, and subject to approval at today’s AGM, a $50 million dividend will be paid, comprising an ordinary annual dividend of $25 million and a special dividend of $25 million, to be paid in 2019. The Company also intends to initiate a share repurchase programme subject to shareholder approval at today’s AGM. Commenting, Jón Ferrier, CEO, said: “Operational activity has intensified and good progress is being made across all fronts of our Shaikan expansion programme, including investment into the 75,000 bopd expansion and the gas re-injection project.* “We are pleased to have started the drilling campaign, in addition to seeing promising results with the workovers drilled at SH-1 and SH-3, both of which have increased in output significantly, and all of which serve to achieve our near term production targets.* “Furthermore, we look forward to bringing our new export pipeline into service later in the year eliminating the need for trucking and reducing HSSE exposure.“ (Source: GKP) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-21-2019, 08:43 PM
    IBBC to host Iraq’s President and government ministers during upcoming official visit to the UK.The Iraq Britain Business Council (IBBC) has announced that it will be hosting H.E. Dr Barham Salih, President of the Republic of Iraq, and a number of high-ranking government ministers during their upcoming official visit to the UK next week. In addition to their other appointments, the Iraqi delegation will be joining IBBC for an exclusive members’ dinner in central London on the evening of Wednesday 26th June, while some of the ministers will also be attending IBBC’s Cumberland Lodge Retreat in Windsor Park from 28th-30th June. Iraqi officials in attendance at IBBC events next week include: Mr Mohamed Ali Abdelamir Mahmood Alhakim, Minister of Foreign Affairs Dr Qusay Abdul-Wahab Abboud Al-Suhail, Minister of Higher Education Dr Aladin Abdulsahib Hasan Alwan, Minister of Health and Environment Dara Rasheed, Deputy Minister of Housing, Construction & Municipalities and Deputy Head of Refaato Dr Abdulkariem Faisal, Chairman of the PM’s Advisory Commission Dr Hameed Ahmed, Deputy Chairman of the PM’s Advisory Commission Dr Fallah Alamri, Advisor to the Ministry of Oil Dr Salih Husain Ali, Ambassador of the Republic of Iraq to UK IBBC’s events with these dignitaries offer members unique access to high-ranking Iraqi officials and industry leaders which would otherwise be unavailable. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Will-it-happen?'s Avatar
    06-21-2019, 12:54 PM
    Still nothing
    15 replies | 2952 view(s)
  • Investors Iraq News's Avatar
    06-21-2019, 12:58 AM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th June 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD661 (+0.8%) / $712 (+0.8%) (weekly change) (+0.3% and +0.2% YTD change, respectively). The number of week traded shares was 6.2 bn and the weekly trading volume was IQD4.8 bn ($3.9 mn). ISX Company Announcements ISX will suspend trading of Ashur International Bank for Investment (BASH) starting Jul. 2, 2019 due to the GA that will be held on Jul. 7, 2019 to elect 7 original and 7 alternative board members. The company will resume trading on Jul. 8, 2019. Baghdad Soft Drinks (IBSD) resumed trading on Jun. 20, 2019 after discussing and approving 2018 annual financial results and distributing 10% cash dividend (IQD0.10 dividend per share, 2.9% dividend yield). ISX suspended trading of Al-Ameen Estate Investment (SAEI) starting Jun. 19, 2019 due to the AGM* that will be held on Jun. 24, 2019 to discuss and approve 2017 annual financial results. Al-Ameen Financial Investment (VAMF) resumed trading on Jun. 18, 2019 after discussing and approving 2018 annual results. Al-Khatem Telecom (TZNI) resumed trading on Jun. 16, 2019 after discussing and approving 2017 and 2018 annual financial reports and deciding to distribute 3.27% cash dividend (IQD0.0327 dividend per share, 1.2% dividend yield). ISX suspended trading of National Bank of Iraq (BNOI) starting Jun. 16, 2019 due to the AGM* that was held on Jun. 19, 2019 to discuss and approve 2018 annual financial results. Cross Transactions: 188.2 mn shares of Cihan Bank for Islamic and Finance (BCIH) on Jun. 17, 2019, which represents 0.1% of BCIH capital. Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-21-2019, 12:58 AM
    EU Provides Additional EUR 2M to IOM Iraq for Critical Infrastructure Improvements in CampsFive years after the onset of the ISIL crisis and the subsequent massive internal displacement, over half a million Iraqis continue to live in camps. The European Union*(EU)*has awarded an additional EUR 2 million to IOM in Iraq to make critical infrastructure improvements in camps for internally displaced persons. This brings the total EU humanitarian contribution IOM Iraq has received in 2019 to EUR 5 million. With this additional allocation, in coordination with the Government of Iraq and local authorities, IOM will be able to improve the living conditions of camp residents. IOM will rehabilitate deteriorating road and drainage networks in three*Jad’ah*camps, near Mosul in*Ninewa*governorate. The*Jad’ah*camps currently host over 8,600 households, around 35,000 individuals, the majority from the districts of Hatra, Mosul, Al-Ba’aj*and*Telafar*in*Ninewa. These families are among the most vulnerable in Iraq; return to their areas of origin is not feasible*in the near future*for a variety of reasons, including damage to their houses, continued insecurity, limited access to employment opportunities, and limited basic services in their hometowns. “While many displaced families have been able to return, we cannot forget about those who remain in camps. Ensuring that those displaced by fighting have access to humanitarian assistance remains a priority for the EU in Iraq,” said Christos Stylianides, the European Commissioner for Humanitarian Aid and Crisis Management. During the height of the 2014–2017 crisis, IOM and humanitarian partners in Iraq developed camps to house tens of thousands of families fleeing ISIL, often constructed quickly due to pressing emergency circumstances.* Infrastructure in those camps has since become worn and needs upgrades and repair. “With our contribution we hope to improve the living conditions of Iraqis who are still in protracted displacement, and we encourage other partners in the humanitarian community to do the same. In 2019, we look forward to continuing to address these pressing needs in partnership with IOM,” Commissioner Stylianides added. This humanitarian contribution by the EU will complement the previous allocation of EUR 3 million, received in March 2019, being used to conduct critical maintenance activities in camps across Iraq, to replace basic household items for camp populations and provide basic relief kits, including kitchen sets, blankets and mattresses. “The conditions in many camps in Iraq have worsened over the last year due to natural wear-and-tear and limited investments. Camps have remained in service for longer than initially expected and now need upkeep and improvement,” said IOM Iraq Chief of Mission Gerard Waite. “This additional allocation from the EU will enable IOM to provide much needed support in some of the most populous camps, which are housing displaced families who are among the most vulnerable, with no immediate or medium-term prospect of returning home.” Return is especially difficult for vulnerable families, including those in a situation of protracted displacement, who after years of displacement have exhausted their resources and are not able to afford to rebuild their homes. The EU, through its EU Civil Protection and Humanitarian Aid department, and IOM Iraq have been in a strategic partnership to provide camp management, camp maintenance, infrastructure upgrades and shelter and non-food items response in and out of camps in Iraq since 2014, with a total budget of over EUR 36 million, assisting altogether more than 700,000 direct and indirect beneficiaries. Both organizations continue to play a leading role in advocating for continued support to families in protracted displacement while coordinating to find longer-term solutions for these internally displaced populations. Across Iraq, more than 1.6 million Iraqis continue to be displaced following the conflict with ISIL. Of those who were displaced, more than 4.2 million have been able to return to their areas of origin, according to IOM Iraq’s*Displacement Tracking Matrix. For figures and analysis on displacement in Iraq please visit:*http://iraqdtm.iom.int/ (Source: IOM) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Wolverine's Avatar
    06-20-2019, 02:19 PM
    643 replies | 61045 view(s)
  • Investors Iraq News's Avatar
    06-20-2019, 09:53 AM
    By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly signed a Memorandum of Understanding with India-based ESDS Software Solution to develop financial technology and a cloud platform in Iraq. According to Zawya, Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to “establish a long-term strategic relationship in the field of establishing and managing data centre, cloud solutions and virtualization and disaster recovery hosting solutions, financial technology solutions and other Information Technology services in Iraq“. Faisal Al Haimus, Chairman and President of TBI, is quoted as saying: “This is indeed a landmark association and we believe our combined synergies will allow us to make significant strides in the area of fintech and technology advancement. This is the latest in a number of strategic agreements we have made with leading firms in the region to help rebuild, develop and modernise Iraq.” (Source: Zawya) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-20-2019, 09:53 AM
    By John Lee. The United Nations has advertised new positions in Iraq: Field Coordinator, Humanity and Inclusion (HI) Field HR Coordinator, Humanity and Inclusion (HI) Support Services Manager, Humanity and Inclusion (HI) Senior Cash Based Initiatives (CBI) Assistant, IOM – International Organization for Migration Project Manager, UNOPS – United Nations Office for Project Services Programme Specialist, UNDP – United Nations Development Programme Procurement Officer, UNAMI – United Nations Assistance Mission for Iraq Head of Civil Society Initiatives (CSI), ICMP – International Commission on Missing Persons Finance Coordinator, Norwegian Refugee Council (NRC) Resident Program Director, National Democratic Institute (NDI) Country Finance Manager, Mines Advisory Group (MAG) (Source: UN) (Picture: Finger pressing a new career start button, from Olivier Le Moal/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-20-2019, 09:53 AM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Program Manager, Catholic Relief Services (CRS) Shelter Program Support Assistant, IOM – International Organization for Migration Senior Cash Based Initiatives (CBI) Assistant, IOM – International Organization for Migration DTM Reporting Officer, IOM – International Organization for Migration (Source: UN) (Picture: Success, growth, career, development signpost from 3D_Creation/Shutterstock) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-20-2019, 02:53 AM
    By John Lee. In its preliminary results for 2018, Petrel Resources gave the following update on its activities in Iraq: We had high hopes of commercial success in Iraq. It has the best oil geology on the planet with drilling success over 90% and a $2 to 4 a barrel production cost. But the political risk offsets all of this. Petrel first entered Iraq in 1997 and had initial success in obtaining a large exploration block in the Western Desert between Baghdad and Amman Jordan. We were seeking development rights to any one of the many proven but undeveloped oil fields but we needed to establish our credentials. We undertook exploration work but were frustrated by sanctions which stopped us from drilling. We continued involvement with the Iraqi Oil Ministry and undertook extensive technical work, with Itochu of Japan on the Merjan oil field. Post 2003 we were awarded a development contract on the Subba and Luhais oil fields. Bureaucratic interference and payment problems forced Petrel to sell out in 2010. We maintained our interest and appointed an Iraqi Arman Kayablian to work in Iraq. We purchased a 20% stake in Amira Hydrocarbon which had joint operations with Oryx Petroleum, in the Wasit province.* The joint venture failed to obtain a licence. In 2018 the agreement was dissolved and some 20 million Petrel shares returned to the company. We have recently appointed Riadh Mahmoud Hameed to the Petrel board. Riadh worked as project co-ordinator for six years for Petrel in Iraq. Activities are normalising in Iraq. There are many oil projects in Iraq which need to be developed. Petrel will be making a case to be part of the development. Interest is reviving in Iraq. We now have the people to seek out operations on the ground.** (Source: Petrel Resources) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-20-2019, 02:53 AM
    Farming families in northern Iraq’s Nineveh Governorate will benefit from a European Union contribution of €15 million to the Food and Agriculture Organization of the United Nations to recover agricultural livelihoods. The area, which includes the city of Mosul, was known as the country’s ‘breadbasket’ before conflict caused widespread damage and displacement. This project is expected to directly benefit almost 10,000 vulnerable farming families (around 60,000 people), as well as flow-on benefits for local service providers and labourers. “As part of the EU’s commitment to the whole of Iraq, supporting the regions so tragically devastated by the recent conflict remains a high priority. By reviving agriculture in Nineveh, a key sector of the economy, this new project will help communities and returnees in rural areas, increasing their income and employment opportunities,” said Ramon Blecua, European Union Ambassador to Iraq. “We are grateful to the European Union for this generous contribution to help us rehabilitate key agricultural facilities and equipment. Getting these services operational again will be a big help for farmers and local businesses,” said Mustapha M. Sinaceur, FAO Representative a.i. in Iraq. “Creating jobs in the heartland of agriculture, where so many jobs depend on the rich soils of Nineveh Governorate, is vital for community stabilization,” he said. The impact of conflict on the agricultural sector has been devastating and includes damage to water systems, irrigation facilities and other agricultural infrastructure, disruption of value chains and losses of personal assets, crop and livestock production, and food supplies. Since the Iraqi government announced the defeat of Islamic State, also known as Da’esh, a year ago, many people have returned, encouraged by the efforts to ensure a secure and safe environment. However, some areas still lack basic services and job opportunities for both returnees and those who remained. FAO and the EU working together for family farmers The EU-funded project supports smallholder farming families to diversify incomes, increase resilience, and provide nutritious and healthy diets. The project will support vulnerable smallholder farmers to resume vegetable production, introduce efficient irrigation water use and management, encourage agri-food processing, improve small-scale dairy processing and marketing, and boost animal fodder production and conservation. Women, in particular, will be supported to participate in home-based vegetable and dairy production and processing. Unemployed young agriculture graduates will be encouraged to benefit from training to gain employment as agri-food processors, farmer field school and farmer business school facilitators, community animal health workers, market information system operators, and food security and nutrition data collectors and analysts. Together, these activities will respond to families’ immediate needs for food and essential non-food items as well as restoring agricultural livelihoods that generate income and employment over the longer term. At the same time, the project aims to restore vital government infrastructure and support services to the agriculture sector that have been destroyed, damaged, or looted. The project is an EU contribution to the UN’s Recovery and Resilience Programme (RRP) in Iraq. It is part of a larger package of support (€ 184.4 million euros) the EU has contributed to support stabilization and humanitarian efforts undertaken by the UN in support of the Government of Iraq since 2016. FAO’s response in Iraq Under the Iraq Humanitarian Response Plan 2019, FAO is working to ensure rural families have the resources to re-establish and secure their agricultural livelihoods and build their resilience into the future. FAO’s work, in close coordination with the Iraqi government, supports families returning to retaken areas, internally displaced families, host communities and refugees from Syria. (Source: FAO) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-20-2019, 12:51 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq’s vast oil wealth once paid for some of the best health services in the Middle East. But decades of conflict and political unrest have led to, what the government admits, a crisis in hospitals. Things are particularly bad in Basra province where people have long complained of government neglect. Around 70 children are being treated for cancer in Basra Children’s Hospital. Experts say pollution from surrounding oilfields is one of the reasons why Basra has the highest rate of cancer in Iraq. Al Jazeera‘s Charles Stratford reports: Source: Iraq-BusinessNews.com. Post your commentary below.
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  • crazyfrank's Avatar
    06-19-2019, 02:06 PM
    crazyfrank replied to a thread 6-15-2019.fb in Iraqi Dinar Rumors
    ok this is something to share now, this guy "Dinar Investor" on u-tube firmly is advertising that this entire dream is coming to an end this coming Saturday/Sunday when the Iraqi Parliament finish's the vote on the remaining 4 minster positions beyond that he has made the claim he knows what exact time of day the rate change will happen?????? now that's a gutsy call way beyond anyone I have ever seen anyone ever claim to know, all I can say I hope he is correct here's the link on u-tube............. www youtube com/watch?v = QgqXVh8Rjyc <----- I had to modify this link text and put in some spaces between words to get it to post here
    1 replies | 460 view(s)
  • Investors Iraq News's Avatar
    06-19-2019, 12:20 PM
    By John Lee. Indian-based Asian Oilfield Services Limited has announced that it has won orders totalling $37 million in Iraq. The orders relate to seismic acquisition at Block 12, with $12 million for a 2D survey and $25 million for a 3D survey. Block 12, located in the Najaf and Muthanna provinces, is being developed by Russia’s Rosneft, and PetroVietnam. According to a statement issued to the Bombay Stock Exchange, the order is to be executed within FY20 and FY21. The company has previously carried out 3D surveys at the Shakal block and Taza block in Iraqi Kurdistan. (Source: Asian Oilfield Services) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-19-2019, 12:20 PM
    By John Lee. The Iraq Britain Business Council (IBBC) has welcomed two new members. Protechnique — a British contractor providing premier technical, engineering, construction, management and capacity building support throughout the world; to federal, regional, and local government agencies, as well as private industries and multi-lateral agencies; UniHouse — a global professional training, consultancy and education service provider based in Jordan. (Source: IBBC) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-19-2019, 12:20 PM
    By John Lee. A rocket has hit a residential and oil operations headquarters near Basra city, wounding three workers at an Iraqi drilling company. The short-range Katyusha missile hit a compound in Burjesia which is used by several international oil companies (IOCs), including ExxonMobil. Oil production and exports are not expected to be affected. (Sources: The Guardian, Bloomberg, Xinhua) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Wolverine's Avatar
    06-18-2019, 02:11 PM
    643 replies | 61045 view(s)
  • BatmaninIraq's Avatar
    06-18-2019, 08:48 AM
    From fb Thousands of people are already lined up in Orlando, some two days before tomorrow nights big Rally. Large Screens and food trucks will be there for those that can’t get into the 25,000 capacity arena. It will be a very exciting evening! Make America Great Again!
    48 replies | 18290 view(s)
  • Investors Iraq News's Avatar
    06-18-2019, 01:06 AM
    By John Lee. Iraq’s Minister of Transport, Abdullah Luaibi , has said that Iraq is actively seeking to join China’s Belt and Road Initiative One Belt, One Road (OBOR)“]. In statements on Monday, the Ministry confirmed that the Minister met with China’s Ambassador to Iraq, Zhang Tao, to discuss the plan. It added that Iraq wants to accelerate the process of joining the Asian Infrastructure Investment Bank (AIIB). (Source: Ministry of Transport) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-18-2019, 01:06 AM
    By John Lee. General Electric (GE) is reportedly expected to win a large share of the multibillion-dollar contracts to rebuild Iraq’s electricity system. According to a report from Reuters, “under U.S. prodding, Iraq is asking both Siemens and GE to bid on contracts and expects to make awards to each of the companies“. Following a hotly-contested competition last year, it was agreed that Siemens and GE would share the work to upgrade they system, with GE supplying 14 gigawatts (GW), and Siemens 11 GW. The Financial Times subsequently reported that the deals were not certain to be approved. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-18-2019, 01:06 AM
    By John Lee. Production at the West Qurna 1 oilfield has reportedly reached 465,000 barrels per day (bpd), following the completion of new crude processing facilities and oil storage tanks. Officials told Reuters on Monday that the field was previously producing about 440,000 bpd. Exxon‘s foreign staff were present at a ceremony to launch the new facilities, having returned to the oilfield on 2nd June. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    06-18-2019, 01:06 AM
    By John Lee. Russia’s Gazprom Neft is reported to be interested in expanding its operations in Iraq. Reuters says boss Alexander Dyukov told the annual general meeting on Friday that the company, which is already developing the Badra oilfield, is also “looking at” the Mansuriyah gas field near the Iranian border. It says that Iraqi government is expected to launch a tender to develop Mansuriyah later this year. Iraq Business News understands that the field is currently being developed by TPAO (37.5%), Oil Exploration Company (25%), Kuwait Energy (KEC) (22.5%), and Kogas (15%). (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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