July 19, 2019 | English | عربي
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July 14, 2019

Leading Dutch maritime services company Royal Boskalis Westminster NV (Boskalis) said Iraq's government has authorised the oil ministry to sign an initial agreement with the group to build an offshore oil export installation.

A major player in the region, Boskalis boasts three divisions, each with its own operational support functions, such as tendering, engineering, fleet"...

KRG Economy Needs to Be Diversified Away from Oil:...
July 18, 2019

ERBIL — The economy and revenue sources of Kurdistan Region should be diversified away from oil, said Kurdistan Region Prime Minister Masrour Barzani.

The Kurdish premier made the remark while receiving the Russian Ambassador to Iraq Maksim Maksimov who also delivered a congratulatory message from Russian Foreign Minister Sergey"...



 

July 18, 2019

SULAIMANI — Crude oil prices remained down on Wednesday (July 17) compared to the previous close.

The price of Brent oil was $64.61 down from $66.56 and US WTI crude was $57.69 from $59.53.

The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies agreed on December 7 to slash oil production by more than the market had expected.

They"...

 
 
July 18, 2019

ERBIL, Kurdistan Region – Iraq’s ministry of oil signed an agreement on Wednesday with US energy giant Honeywell to increase gas production at five oil refineries in Basra to 600 million cubic meters.


Thamir al-Ghadhban, Iraq’s oil minister, signed the agreement in Baghdad alongside the new US ambassador to Iraq, Mathew Tueller. Iraq’s state-owned company South Gas will work in partnership with Honeywell at Basra’s"...

 
 
July 18, 2019

SEOUL (Reuters) - Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on.

The 15% spike in DRAM chip prices over a week - in a sector dogged by oversupply and weak demand for more than a year - comes after Japan tightened curbs on exports of some chipmaking materials to South Korea"...

 
 
July 18, 2019

SEOUL (Reuters) - Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on.

The 15% spike in DRAM chip prices over a week - in a sector dogged by oversupply and weak demand for more than a year - comes after Japan tightened curbs on exports of some chipmaking materials to South Korea"...

 
 
July 18, 2019

ZURICH (Reuters) - Novartis (NOVN.S) boss Vas Narasimhan raised full-year targets on Thursday and announced that $700 million has been set aside in the hope of settling a decade-old lawsuit alleging that the Swiss drugmaker bribed U.S. doctors.

Shares in the company rose about 5% to their highest since 2015, buoyed by second-quarter results, earnings guidance and the prospect of avoiding trial in a case that began in 2011 as a whistleblower lawsuit"...