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Economics

Russia's Gazprom Neft sees investment in Iraq's Badra at $2.5 bln until 2030

Iraq- Russia's Gazprom Neft SIBN.MM and its partners developing Iraq's Badra oilfield plan to invest a further $2.5bn in the project until 2030, Gazprom Neft Chief Executive Alexander Dyukov said on Wednesday. So far, investments by an international consortium which includes Gazprom Neft, South Korea's Kogas, Malaysia's Petronas, and Turkey's TPAO, have amounted to $4.0bn. Gazprom Neft is the project operator. The oilfield is now producing 85K bpd, Iraqi Oil Minister Jabar al-Luaibi said. Its associated gas plant would increase output to 50mn cubic feet (mcf)/day in the first quarter of 2018, up from 35 mcf/day now, he added. Iraq could import natural gas from Iran to be processed at the Badra gas facility, Luaibi said.

Source: https://www.zawya.com/mena/en/story/Russias_Gazprom_Neft_sees_investment_in_Iraqs_Badra_at_25_bln_until_2030-TR20171206nR4N1MG016X3/

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RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 812.8 2.2% -15.3%
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Code Closing (IQD) % Chg
AIPM 4.700 9.6%
IMIB 0.710 9.2%
IBSD 2.740 4.2%
BMNS 0.760 4.1%
HBAY 35.050 3.1%

Worst Performers

Code Closing (IQD) % Chg
BELF 0.300 -9.1%
IBPM 1.450 -6.5%
HMAN 11.500 -4.2%
SKTA 4.350 -2.2%
NAME 0.470 -2.1%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
BIDB 5,600.0 4,444.4
BCIH 1,443.8 1,145.8
IBSD 303.3 240.7
MTAH 162.5 129.0
BBOB 158.6 125.8

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 84.8 67.3
Banking 7,398.6 5,871.9
Industry 359.6 285.4
Hotels & Tourism 36.7 29.1
Services 33.4 26.5
Agriculture 60.1 47.7
Insurance 0.2 0.2
Investment - -
Money Transfer 162.5 129.0
Total 8,135.9 6,457.0