Iraq is reclaiming its rank as the world’s fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road. Continue reading “Iraq Oil News: Iraq returns as world’s fastest-growing oil exporter” »
South Korea and Indonesia have signed a bilateral currency swap agreement in a bid to help promote bilateral trade and trade settlement in local currencies and reduce dependence on the US dollar, Seoul’s central bank said Thursday.
Continue reading “Indonesia Currency News: S.Korea, Indonesia ink currency swap agreement” »
Iraq and Sri Lanka entered into an economic co-operation agreement covering various activities following two days of meetings last week in Baghdad of the Sri Lanka- Iraq Joint Committee for Economic and Technical Co-operation. Continue reading “Iraq Economic News: Iraq, Sri-Lanka sign economic co-operation agreement” »
China sent its strongest signal yet that its days of chasing breakneck economic growth were over, promising to wage a “war” on pollution and reduce the pace of investment to a decade-low as it pursues more sustainable expansion.
BAGHDAD (AP) — Iraqi election officials began handing out new, computerized voter identification cards Saturday across the capital as the country prepares for its first nationwide election since the withdrawal of U.S. troops. Continue reading “Iraq Election News: Iraq begins handing out elections ID cards in Baghdad” »
South Korea’s Hyundai is to start building a giant refinery in the southern religious city of Karbala capable of refining 140,000 barrels per day, the Oil Ministry said.
Beijing pledged to pour in more investment into Iraq’s oil and infrastructure sector, as the Chinese government stepped up its presence in the Middle East.
Iraqi Kurdistan’s prime minister and energy head travelled to Baghdad on Monday to intensify efforts to settle a long-running dispute with the central government over the region’s oil exports via a new pipeline to Turkey.
Hindustan Petroleum Corp Ltd aims to raise crude imports from Iraq’s national oil company by 8 percent to about 65,000 barrels per day (bpd) in 2014/15 as it takes up better terms offered by Baghdad. Continue reading “Iraq Oil News: HPCL to buy more Iraqi oil on longer credit terms” »