Oilfield Logistics Software: Moving Loads of Data for Many Users

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Weekly Security Update

HealthcareBlogEmploymentInvestmentMark DeWeaver on Investments and FinanceJared LevyLeisure and TourismPoliticsTariq AbdellCommodities & MiningRussia’s LUKoil “Exported Kurdish Oil” WorleyParsons Wins West Qurna-2 Contract Iraq Seals 2013 Gasoil Deal with Vitol, BP LUKoil Still Considering West Qurna-1 US Marks Intl Day for Elimination of Violence against Women Categorized

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A Kinder, Gentler CBI?

By Mark DeWeaver.

On October 16, Prime Minister Maliki removed the head of the central bank, Sinan al-Shabibi, accusing him of mismanagement and currency manipulation. (There’s more on this story here, here, and here.) This move was widely seen as a power grab by the prime minister and a grave threat to the CBI’s independence. Nevertheless, his removal may actually prove to be a positive development for the listed banks.

In recent years, the CBI has implemented two prudential supervision policies that seem to me to have been entirely misguided

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US Marks Intl Day for Elimination of Violence against Women

The U.S. Embassy in Baghdad hosted a roundtable discussion with a group of Iraqi government and civil society leaders on November 26 on the occasion of the International Day for the Elimination of Violence Against Women.

Around the world, violence against women and girls continues to be a serious problem, and women’s rights activists remain at risk from extremists who target female politicians, civil servants, and journalists.

The United States provides funding for civil society projects aimed at combating gender-based violence and promoting women’s advancement in Iraq and is committed to working with our Iraqi partners to help eradicate violence against women in Iraq, the region, and the world.

The United Nations General Assembly adopted Resolution 54/134, in December 1999, proclaiming November 25, as the International Day for the Elimination of Violence Against Women. When women and girls are accorded their rights and afforded equal opportunities in education, healthcare, employment, and political participation, they lift up their families, their communities, and their nations and act as agents of positive change.

Women’s education increases national income and improved health. As Secretary of State Hillary Clinton recently noted,

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LUKoil Still Considering West Qurna-1

By John Lee.

Russian’s LUKoil is said to be studying documents on Iraq’s West Qurna-1 oil field, with a view to possibly taking over ExxonMobil‘s stake.

Bloomberg quotes Chief Executive Officer Vagit Alekperov (pictured) as saying that the company will make a decision on possible participation in the project by the end of the year.

It already holds 75 percent of the adjacent but separate West Qurna-2 “super giant”.

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Iraq Seals 2013 Gasoil Deal with Vitol, BP

By John Lee.

Iraq’s State Oil Marketing Organisation (SOMO) has finalised a deal to buy up to 1.097 million tonnes of gasoil for delivery next year from BP and Swiss trader Vitol, according to Reuters.

The company has agreed to pay a premium of $7.99 a barrel above Middle East quotes on a delivered basis, traders said on Wednesday.

The cargoes are to be delivered into the Khor al-Zubair terminal, which can only accept smaller vessels, because of draft restrictions.

Vitol is a regular supplier of the fuel to Iraq, while BP last supplied jet fuel to Iraq in 2011.

The companies are likely to be shipping from either Bahrain or Kuwait, with which they have term contracts, a trader said.

(Source: Reuters)

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WorleyParsons Wins West Qurna-2 Contract

Iraq Seals 2013 Gasoil Deal with Vitol, BP LUKoil Still Considering West Qurna-1 US Marks Intl Day for Elimination of Violence against Women Categorized

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