Thursday 26 March 2015
 
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Iraq

Iraq supports Opec policy to defend market share

Iraq supports the Organization of the Petroleum Exporting Countries (Opec's) policy of defending the group's market share by keeping oil production steady, an Iraqi parliamentary oil official said, despite pressure on the Arab state

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Assad urges united front with Iraq against terrorism

Syrian President Bashar Al-Assad has called during talks with Iraq's foreign minister in Damascus for a united front with Baghdad in tackling terrorism as the two countries battle Islamic State militants on their territory. Th

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Gazprom to conduct seismic survey in SE Iraq

Gazprom Neft, the fourth largest oil producer in Russia, will conduct a 2D seismic survey on the south-eastern section of the Halabja block in Iraq covering about 870 linear km by the end of the year, a report said. Gazprom Neft r

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New projects in Iraq ‘could top $1bn’

New projects in the industrial, trade and development sectors in Iraq could be worth more than $1 billion, a top official said. “We are also preparing the designs for an industrial zone,” the deputy chairman of the Al

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Celebration time

Women react as they celebrate the spring festival on Abu Nawas street in Baghdad on March 20. Spring Day or Nowruz, the traditional Iranian New Year, is celebrated across Iraq. Though the tradition has its origin in Iran, today No

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Iraq plans 60 power projects worth $218m

Iraq has given the green light for 60 new power projects worth $218 million to be built in the Basra governorate in its budget for 2015, reported Iraq Business News. Basra approved a budget of $3.6 billion for 2015, but w

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Iraq plans 60 power projects worth $218m

Iraq has given the green light for 60 new power projects worth $218 million to be built in the Basra governorate in its budget for 2015, reported Iraq Business News. Basra approved a budget of $3.6 billion for 2015, but w

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Iraqi Tikrit offensive on hold for second day

Iraqi forces and mainly Shi'ite militia battling to wrest full control of the city of Tikrit from Islamic State militants paused their offensive for a second day on Saturday as they awaited reinforcements. A source in the loca

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Iraq builds up debts as oil price drops

Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in Opec's second-largest producer. Western oil compan

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Oil climbs above $58 on weak dollar, Iraq fighting

Brent oil futures rose above $58 a barrel on Thursday as the dollar weakened and Iraqi security forces battled Islamic State fighters in Tikrit. The dollar was down 0.66 per cent against a basket of currencies, making dollar-trade

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