Baghdad (IraqiNews.com) Crescent Petroleum plans to invest up to $1 billion in Iraq as part of a deal it struck with the Iraqi government in early 2023.
According to the CEO of Crescent Petroleum, Majid Jafar, the investments are in concession areas in the northeastern governorate of Diayla and the southern oil metropolis of Basra.
Crescent Petroleum has conducted an initial assessment of the gas reserves in the Kurdistan region of Iraq and has determined that these reserves are around 80 trillion cubic feet, according to Jafars statement cited by the Aliqtisad News.
Jafar explained that in addition to large quantities of crude oil, Crescent Petroleums goal is to create 750 million cubic feet of gas per day in Basra and Diyala.
Although we may increase our initial investment by several times over the course of the 20-year contract, we still intend to invest close to $1 billion, Crescent Petroleums official stated.
Crescent Petroleum and Iraq concluded a 20-year agreement in February 2023 to develop four oil and gas projects in Basra and Diyala.
Read the original here:
Crescent Petroleum prepares a $1 billion investment in Iraq - Iraqi News
BAGHDAD, Nov 30 (Reuters) - At least 10 people were killed and 14 others wounded in an attack with roadside bombs and gunfire on a vehicle and rescuers in Iraqs eastern Diyala province on Thursday evening, two security sources said.
The sources said the attack near the town of Amraniyah targeted relatives of a local MP and began with the detonation of two roadside bombs that destroyed a vehicle in which several people were travelling. Locals who arrived to the scene to help were then targeted with sniper fire, the sources said.
They did not elaborate further on possible motives for the attack.
Security forces announced the imposition of a curfew in the area and the search was ongoing to detain those responsible on Thursday night.
Reporting by Timour Azhari; Editing by Franklin Paul
Our Standards: The Thomson Reuters Trust Principles.
Go here to read the rest:
At least 10 killed in Iraq roadside bomb attack - Reuters
Were really pleased that youve read X Times of Israel articles in the past month.
Thats why we started the Times of Israel eleven years ago - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we havent put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you, David Horovitz, Founding Editor of The Times of Israel
Go here to see the original:
Air strike in Iraq kills five members of pro-Iran paramilitary group, say security sources - The Times of Israel
Were really pleased that youve read X Times of Israel articles in the past month.
Thats why we started the Times of Israel eleven years ago - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we havent put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you, David Horovitz, Founding Editor of The Times of Israel
Read the original post:
US military official confirms 'self-defense strike' in Iraq in which 5 said killed - The Times of Israel
Further attacks targeting US and allied military forces are likely in Iraq and Syria through December. US defense officials have reported at least 70 drone and rocket attacks since mid-October. Authorities added that they intercepted most of the attacks. Affected locations in Iraq include Al-Asad Airbase in Anbar Governorate and Al-Harir Air Base in Erbil Governorate. In Syria, the attacks have occurred near Al-Tanf Base in Homs Governorate and the Conoco oil fields in Deir-Ez-Zur Governorate.
The incidents coincide with increased tensions in the region connected to the Israel-Hamas conflict in Gaza. The US is an ally of Israel. Anti-Western and anti-Israeli sentiment is currently heightened. Further attempted strikes against US interests in Iraq are possible. Attacks could take various forms, including weaponized drone, mortar, or rocket attacks. Targets include US military, government, or civilian interests. Heightened security is likely near the site of any future attack.
Go here to see the original:
Iraq, Syria: Further attacks targeting foreign military forces are likely in Iraq and Syria through December /update 3 - Crisis24