Going, going, gone: Baghdad’s Oil Bonanza.
Posted by: Ayman Oghanna
Baghdad :: Iraq | updated 2012-02-07 21:24:45 -0800 | business-news
Under tight security, the world's largest energy companies gather for an auction revealing as much about the future of the market as it does Iraq. BAGHDAD - Stepping past bayoneted Kalashnikovs, while helicopters patrol overhead, the sharp suits stand outside...
Bazian Block Iraq - South Korean Company, Discover Crude Oil
Posted by: Putu Karya
Baghdad :: Iraq | updated 2012-04-18 00:30:41 -0700 | business-news
But the Korea National Oil Corp. (KNOC) said in a statement said, too early to estimate the size of the reserves.It said the official announcement of the invention, will be made after consultation with the local government."Block Bazian, a South...
U.S. farmers angry as Iraq does not buy U.S. rice
Posted by: northsunm32
Baghdad :: Iraq | updated 2012-07-27 04:53:38 -0700 | business-news
U.S. rice farmers in many areas have suffered from drought and in other cases too much heat. Added to their problems are dropping prices and now the loss of an export market. A U.S. rice farmer said:"That's just not right,...
Iraq to buy over 13 billion in US military equipment.
Posted by: northsunm32
Baghdad :: Iraq | updated 2012-07-26 09:28:37 -0700 | business-news
There will be huge order of tanks, ships, and hardware. U.S. officials say this shows that Iraqi-U.S. military ties will be close for years to come. The officials might add that the relations between Iraq and the U.S. military industrial...
U.S. abandons billions in military equipment and assets in Iraq
Posted by: RobertTilford01
Baghdad :: Iraq | updated 2012-04-18 23:34:59 -0700 | business-news
The United States Department of Defense is wasting billion of dollars by abandoning equipment in Iraq. So far, nearly, two-and-a-half million pieces of equipment, estimated at a cost of $250 million, have so far been given away or abandoned to...
South Korean STX Heavy Industries signs deal with Iraq
Posted by: Alsumaria
Baghdad :: Iraq | updated 2011-10-23 08:43:12 -0700 | business-news
Local media said on Thursday that STX South Korean Heavy Industry Company said it signed a preliminary deal for a $3.2 billion petrochemical project in Iraq. Unlisted STX Heavy, part of STX Group led by STX Corp, said in a...
U.S. oil contractors doing well in Iraq
Posted by: northsunm32
Baghdad :: Iraq | updated 2012-07-26 03:49:15 -0700 | business-news
While during recent auctions only one field was won for development by a big U.S. oil company many subcontracts for drilling and refurbisihing have gone to large U.S. subcontractors. Exxon Mobil won the right to develop one field while the...
Video shows scale of tragedy at Christmas Island
Posted by: gordonrick
Baghdad :: Iraq | updated 2012-07-24 08:54:46 -0700 | business-news
THIS exclusive footage shows the scene at Christmas Island after a boat carrying suspected asylum seekers from Iran and Iraq was wrecked in heavy seas on December 15. It captures the full scale of the disaster as rescuers watch helplessly...
Iraq signs 1 billion (U.S) oilfield service deal with South Korean firm
Posted by: northsunm32
Baghdad :: Iraq | updated 2012-07-27 22:53:12 -0700 | business-news
The contract was won by Samsung Engineering for work to be done on the West Qurna oil field. This is phase two in the development of the untapped oil field. The Iraqi Oil Minister Abdul Luaibi said:“The project includes building...
Zalmay Khalilzad from Ambassador to Oil Consultant in Iraq.
Posted by: northsunm32
Baghdad :: Iraq | updated 2012-07-26 10:09:53 -0700 | business-news
Khalilzad is a prime example of the way that important officials with connections then migrate to business where they can use those connections to their advantage once they leave government. As an ambassador Khalilzad tried very hard to convince the...
Billions more for Mercenaries courtesy U.S. Taxpayers.
Posted by: northsunm32
Baghdad :: Iraq | updated 2012-07-26 10:38:38 -0700 | business-news
A Worldwide Protective Services contract could be awarded as early as this week. The contract will be shared by a number of firms. The 2005 contract was awarded to three companies including Blackwater (now Xe). The contract is for four...
Iraq Raises Oil Reserve Estimate
Posted by: Elnur763
Baghdad :: Iraq | updated 2012-11-02 04:39:23 -0700 | business-news
Iraq’s oil minister has announced an increased estimate of the country’s proven oil reserves. Hussain al-Shahristani said Monday that Iraq has 143 billion barrels of oil. That represents a 24 percent jump from the previous estimate of 115 billion barrels....
Iraq: U.S. pushing 11 billion arms deal despite unrest and instability
Posted by: northsunm32
Baghdad :: Iraq | updated 2012-07-26 19:47:44 -0700 | business-news
In spite of the violence and political unrest in Iraq the U.S. is pushing ahead with a deal that is worth nearly 11 billion and includes fighter jets and tanks. No doubt the military-industrial complex will be pleased. In Iraq...
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