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  • Wolverine's Avatar
    Today, 03:24 PM
    Chevron Starts Work On Iraq Field Development Deal By Irina Slav - Aug 20, 2018, 9:30 AM CDT U.S. supermajor Chevron has started work on a preliminary contract with the Iraqi government for the development of oil fields in southern Iraq, Reuters reports, citing Iraq’s Oil Ministry. The memorandum of understanding that gave Chevron the rights to explore for oil in the fields that are owned by Basra Oil Company and Dhi Qar Oil was inked in June. Under the terms of the contract, Chevron will survey and study the fields, and build production facilities to help the two Iraqi state-owned companies boost their operational and financial performance. This would be the first major deal for Chevron in Iraq, although the company has a presence in the autonomous region of Kurdistan, which it had to leave last year after an ill-fated independence referendum led to the central Iraqi government taking control of Kirkuk and the surrounding fields from the Kurds. Chevron returned to Kurdistan in February this year. The company has an 80-percent stake in the Sarta block, where it began drilling one appraisal well last year. Drilling was completed in the second quarter of this year. Iraq boasted an increase in crude oil production to 4.46 million bpd last month, although the figure reported by OPEC secondary sources was lower, at 4.36 million bpd. This was the second largest increase within the cartel for June, after the Saudi production jump of 405,400 bpd, according to the secondary sources—the ones that OPEC uses for calculating quotas and compliance. Iraq also said that its crude oil exports in July hit their highest level since January 2017—at 3.875 million bpd, up by 25,000 bpd from June. Iraq is the second-largest exporter of crude oil in OPEC but it has struggled to boost its production further as it tries to resurrect its economy, embattled by the war and the fight against Islamic State. By Irina Slav for Oilprice.com
    0 replies | 26 view(s)
  • Investors Iraq News's Avatar
    Today, 03:12 PM
    Advertising FeatureRabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th Aug 2018). Note: ISX will be closed starting from Aug. 21, 2018 to Aug. 26, 2018 due to the religious holiday of Eid Al-Adha. The next session will be held on Monday, Aug. 27, 2018. Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD736 (+0.9%) / $783 (+0.5%) (weekly change) (-9.3% and -6.3% YTD change, respectively). The number of week traded shares was 0.6bn and the weekly trading volume was IQD1.1bn ($0.9 mn). ISX Company Announcements Al-Harir for Money Transfer (MTAH) will hold an AGM* on Sep. 13, 2018 to discuss and approve 2017 annual financial results and to discuss merging with Al-Ameen Al-Arabiya for Money Transfer. ISX will suspend trading of MTAH starting Sep. 10, 2018. National Chemical & Plastic Industries (INCP) will hold a GA on Sep. 3, 2018 to elect four new private sector representatives and alternative BoD members. The company has been suspended since Jul. 4, 2018 for not disclosing 2017 annual report and 3M18 fin1ancial results. Region Trade Bank (BTRB) will hold an AGM* on Aug. 29, 2018 to discuss and approve 2017 annual financial results. ISX suspended trading of BTRB starting Aug. 20, 2018. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • investindinar's Avatar
    Today, 01:30 PM
    Could it be that Al Warka has outsourced that function to an independent brokerage firm? That would explain the issue of Al Wasata using an Al Warka domain. I honestly can't say for sure either way. Just my two dinars worth... investindinar
    53 replies | 3751 view(s)
  • crazyfrank's Avatar
    Today, 11:03 AM
    I see your theory does hold some merit, and it could just be that "3044" and Al Wasata are the same e-mail domain responding to you. This "3044" e-mail identity had always struck me as an odd identity, as most Al Warka bank mail destinations in the past had either a employee name, or department identifier such as the "e-bank" or "account services" nomenclature attached to it. This "3044" identifier for e-mail seemed as though they were shielding a destination to me. As far as Al Wasata being an completely new entity goes, I am not 100% on board with that assertion of this being a new sub-division of Al Warka. The only web search results that I can find produce only this one brokerage in Palestine using that name, and they appear to be an independent brokerage firm. Looking at the ISX web site today, I do not see any brokerage listed under the name Al Wasata as being a broker in the ISX. http://www.isx-iq.net/isxportal/portal/brokerListContainer.html Broker List Baghdad Company Al-Abrar Company Baram Al-Khair Company Wahat Al-Nakeel Company International United Company Credit company DarAl-Salam company Al-Sharqiya Company Al-Batek Company Zahrat Alkhalij Company warkaa company Economy Free Company Umal Rabieain Company Elaf Company Okadh Company alKassab Brokerage Company Tameam Company Al-Forat Company Al-Iraq Company Dijila Company North Company Al-Rafidain Company Al-Hayat Company Al-Baraka Company Jawhara Brokerage Company AL jazera Brokerage Company Al-FawzCompany Al-Hikma Company A-Wafa'a Company Al-Hadher Company Al-Nibras Company Rabee Securities Al-Waha Company Kurdistan Company Al-Qidwa Company Atlas Company Al-Aseel Company Al-Karmal Company Babylon Co. Ahli United Company ALhamy Company Naseem Al-Shmal Company Noor Al-Wamidh Company AL-dalmaa AlAthmar Company
    53 replies | 3751 view(s)
  • Investors Iraq News's Avatar
    Today, 03:58 AM
    Combined Joint Task Force Operation Inherent Resolve and its partners continue to pursue the lasting defeat of the Islamic State of Iraq and Syria in designated parts of Syria and Iraq, task force officials reported on Monday. Operation Roundup, which began May 1 to accelerate the defeat of ISIS in the Middle Euphrates River Valley and Iraq-Syria border region, has continued to gain ground and remove terrorists from the battlefield through offensive operations coupled with precision coalition strike support, officials said. Between Aug. 13-19, coalition military forces conducted 15 strikes, consisting of 25 engagements, in Iraq and Syria. Strikes in Syria There were no reported strikes conducted in Syria yesterday. On Aug. 18 near Abu Kamal, coalition military forces conducted a strike, destroying two ISIS supply routes. On Aug. 17 near Abu Kamal, coalition military forces conducted a strike, destroying an ISIS logistics hub. On Aug. 16 near Abu Kamal, coalition military forces conducted a strike, destroying an ISIS vehicle. On Aug. 15 near Abu Kamal, coalition military forces conducted two strikes, destroying two ISIS supply routes. On Aug. 14 near Abu Kamal, coalition military forces conducted three strikes, destroying two ISIS command-and-control centers, an ISIS command-and-control support facility and an ISIS supply route. On Aug. 13 near Abu Kamal, coalition military forces conducted three strikes consisting of three engagements against ISIS targets, destroying an ISIS vehicle and two ISIS lines of communication. Strikes in Iraq There were no reported strikes conducted in Iraq yesterday. On Aug. 18 near Rutbah, coalition military forces conducted two strikes consisting of seven engagements against ISIS targets. — Near Rutbah, a strike destroyed an ISIS vehicle. — Near Samarra, a strike destroyed two ISIS-held buildings and an ISIS supply cache. On Aug. 17 near the Hamrin Mountains, coalition military forces conducted a strike consisting of six engagements against ISIS targets, destroying an ISIS-held building and an ISIS vehicle. There were no reported strikes conducted in Iraq Aug. 14-16. On Aug. 13 near the Atshana Mountains, coalition military forces conducted a strike consisting of one engagement against ISIS targets. Additional Strikes On Aug. 12, coalition military forces conducted three strikes consisting of four engagements in Iraq and Syria that were not reported in the previous release: — In Syria near Abu Kamal, coalition military forces conducted a strike, destroying two ISIS lines of communication. — In Iraq near the Hamrin Mountains, coalition military forces conducted a strike, destroying an ISIS supply route. — In Iraq near Tuz, coalition military forces conducted a strike, destroying five ISIS-held buildings. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and ground-based tactical artillery, officials noted. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • Investors Iraq News's Avatar
    Today, 03:58 AM
    By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $27.0 million ($21.2 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during May 2018. (Source: GKP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 31 view(s)
  • Investors Iraq News's Avatar
    Today, 03:58 AM
    By John Lee. DNO ASA, the Norwegian oil and gas operator, has reported receipt of USD 69.03 million as payment for May*2018 crude oil deliveries to the export market from the Tawke license in the Kurdistan region of Iraq. The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies’ interests in the license. Separately, a payment of USD 5.99 million has been received net to DNO, representing three percent of gross Tawke license revenues during May, as provided for under the August 2017 receivables settlement agreement with the Kurdistan Regional Government. DNO operates and has a 75 percent interest in the Tawke license, which contains the Tawke and Peshkabir fields. Following regularization of export payments for Tawke license production since February 2016, the Company will no longer make monthly receipts announcements. The Company will instead update the market on export volumes and values as part of its quarterly financial reporting. (Source: DNO) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 30 view(s)
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