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Iraq

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Posted: 24-07-2011
IRAQ. The Ministry of Oil of Iraq has signed an Implementation agreement for the construction under BOO terms of the Refinery of Karbala with RKC (Refinery of Karbala Corporation Ltd.) The new Refinery will have a daily capacity of 200,000 barrels of Crude Oil and will produce high quality, high octane gasoline (regular and premium) as well diesel fuel for the domestic market. “Karbala Refinery will be located 100km south of Baghdad on a 6 square kilometer plot of land, and will be the most advanced state of the art refinery with almost full conversion rate and with an estimated cost of
Posted: August 8, 2014
INTERNATIONAL. President Barack Obama said he had authorized U.S. air strikes to blunt the onslaught of Islamist militants in northern Iraq and began airdrops of supplies to besieged religious minorities to prevent a "potential act of genocide."
Posted: August 7, 2014
INTERNATIONAL. Laurent Fabius called Thursday for an urgent meeting of the UN Security Council after Islamist militants seized Iraq's largest Christian town, forcing tens of thousands to flee.
Posted: August 7, 2014
IRAQ. Militants from the Islamic State captured the country's largest dam, whose destruction could flood the city of Mosul, according to an employee on site and local officials.
Posted: August 7, 2014
IRAQ. ISIS militants moved in overnight after the withdrawal of Kurdish peshmerga troops, who are stretched thin across several fronts in Iraq.
Posted: August 6, 2014
IRAQ. Towns shelled in the past few days by Islamic State militants include Tal Kayf, Bartella and Qaraqosh. Some of them are less than 50 km away from Arbil, the capital of the autonomous region of Kurdistan.
Posted: August 6, 2014
UAE. 2Q 2014 gross revenues of US$187 million and gross profit of US$85 million, 30% and 35% higher than 2Q 2013 respectively; Strong production growth of 17% in 2Q 2014 to 72,200 boepd; Interim relief award in Kurdistan Region.
Posted: August 5, 2014
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
Posted: August 4, 2014
IRAQ. Iraqi intelligence and security officials are alarmed by the Islamic State's less heralded campaign in rural, rugged Euphrates valley terrain, just south of the capital.
Posted: July 29, 2014
INTERNATIONAL. Kurdish officials "misappropriated" more than 1 million barrels of oil from northern Iraq and exported it through a Turkish pipeline, according to a complaint filed in federal court.
Posted: July 25, 2014
IRAQ. Iraq's parliament elected senior Kurdish lawmaker Fouad Masoum as president, a long-awaited step in creating a new government capable of countering a Sunni Muslim insurgency.
Posted: July 21, 2014
IRAQ. Christians in the Iraqi city of Mosul were wrong-footed by its new jihadist masters, who initially left them in relative peace but later forced them to flee for their lives.
Posted: July 17, 2014
SAUDI ARABIA. Unlike the heavily-trafficked Syria-Iraqi border, which includes some of the most important commercial routes in the Middle East, the Saudi-Iraqi frontier is no hub for international trade.
Posted: July 16, 2014
IRAQ. Washington has made clear that setting up a more inclusive government in Baghdad is a requirement for its military support.
Posted: July 12, 2014
QATAR. Global spending on energy subsidies totaled US$492 billion in 2011. Middle East and North Africa countries alone accounted for nearly half of that amount, making the burden of subsidies on public resources quite substantial.
Posted: July 12, 2014
IRAQ. The moves escalated a feud between the Shi'ite-led central government and the autonomous Kurdish region driven by a Sunni insurgency which threatens to fragment Iraq on sectarian lines.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 22, 2014
INTERNATIONAL. By 2040, Africa will experience faster economic growth than any other region and is expected to have the biggest labour force in the world; By 2030 Dar es Salaam and Luanda could have bigger populations than London has now.
date:Posted: August 21, 2014
INTERNATIONAL. The report found there are 15 million middle-class households in 11 of sub-Saharan Africa's top economies this year, up from 4.6 million in 2000 and 2.4 million in 1990, an increase of 230% over 14 years.
date:Posted: August 21, 2014
UAE. "The establishment of QIFs aimed at sophisticated, high-net worth investors is a welcome development which reflects the fact that a one size fits all approach to regulation is not appropriate."
SAUDI ARABIA. Saudi Arabia set out draft proposals on foreign-shareholder limits as one of the world's most restricted stock markets prepares to open its doors for the first time to investors outside the region.
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
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