Financials and Investment News in Iraq

Ministry will Release Information for 4th Bid Round
8/21/2011 - The oil ministry assured that the contracts and licensing directorate accepted to qualify 41 international oil companies to participate in the 4th licensing round for the explored areas. Mr.Abdulmahdi...
Vast Shares Plunge on Unsteady Output at Iraq Well
7/11/2011 - Shares of Canada's Vast Exploration Inc plunged 60 percent in morning trade after the company said it was unable to maintain the production rate at a well in Iraq during a test. Shares of the Calgary,...
Iraq to Raise Oil Exports to Jordan by 50 %
6/2/2011 - Iraq agreed to increase daily oil exports to Jordan to 15,000 barrels from 10,000 barrels, the Jordanian state-run news agency Petra said, citing Jordan’s Prime Minister Marouf al-Bakhit. ...
CNPC Starts to Get Paid for Developing Iraq Oilfield
5/30/2011 - China National Petroleum Corp (CNPC) has received its first cargo of crude oil as payment for helping to develop Iraq's Rumaila oilfield, the top Chinese oil firm said, two weeks after partner BP Plc ...
Iraq's Proposed 2012 Budget Based on $85 Oil Price
5/26/2011 - Iraq government spending will rise by around a quarter in 2012 to 115 trillion Dinars ($98.45 billion), and higher oil prices will allow it to balance state finances this year, its finance minister sa...
Iraq's Draft Oil Law Needs Major Work
5/24/2011 - Iraq must overhaul the draft of its long-delayed oil law but will press ahead with developing its petroleum industry while debate on the divisive legislation drags on, Deputy Prime Minister Hussain al...
Dana Awaits $300 Million Kurdish, Egypt Payments
5/12/2011 - Dana Gas PJSC (DANA) is owed about $300 million for oil and natural gas that it pumped in Egypt and in the semi-autonomous Kurdish region of Iraq. ...
Iraq to Offer 12 Oil/Gas Blocks in January
4/25/2011 - Iraq formally invited international energy firms to compete for 12 new exploration blocks in a fourth oil and gas bidding round but delayed the auction until January of next year. ...
ShaMaran Closes $50 Million Private Placement
9/17/2010 - ShaMaran Petroleum Corp. is pleased to announce that it has closed the previously announced private placement. The Company sold, on a non-brokered, private placement basis, an aggregate of 111,111,106...
Iraq, Kurds Closer to Solution on Paying Oil Firms
4/13/2010 - Kurdish and federal Iraqi officials have agreed on potential mechanisms for paying oil firms operating in the Kurdish north but the proposals must be approved by the Iraqi cabinet, a Kurdish official ...
DNO to Update Status Arbitration Proceedings
1/25/2010 - As previously reported DNO Iraq AS (DNOI), a subsidiary of DNO International ASA (DNO) is involved in arbitration proceedings related to certain third party interests in Kurdistan. Such third parties ...
Vast Closes $10 Million Private Placement Financing
6/5/2009 - Vast Exploration Inc. is pleased to announce that it has closed its previously announced equity financing, including the exercise of the option. Pursuant to the financing, the Company has issued and s...
Iraqi Officials Finish Drafting Hydrocarbon Law
1/18/2007 - Senior Iraqi officials have finished drafting a controversial hydrocarbons law that sets the legal framework for Iraq's oil wealth to be shared among Iraqis and will also allow foreign oil companies t...
White House: Iraq's Hydrocarbon Law Won't Nationalize Oil
1/14/2007 - Iraq's pending hydrocarbon law won't create a nationalized energy sector, White House spokesman Tony Snow said Friday, adding that American oil companies are likely to find business opportunities in t...
UK Press: Iraqi Political Parties Reach Oil Revenue Pact
8/30/2006 - Iraq's main political factions have hammered out an agreement on the sharing of oil and gas revenues but other contentious issues need to be resolved before a draft hydrocarbon law is completed, the F...

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