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Economics

New Drilling Contracts Awarded at Majnoon

Basra Oil Company (BOC) has signed two contracts for new drilling at the giant Majnoon oil field. China’s Hilong Oil Service & Engineering Company is to drill 80 oil wells at a cost of $54 mn, while the Iraqi Drilling Company (IDC) will drill 43 oil wells at a cost of $255 mn. Oil Minister Thamer al-Ghadhban said the contracts are part of BOC’s plan to increase the production at Majnoon to 400,000 bpd by 2022.

Source: http://www.iraq-businessnews.com/2019/09/09/new-drilling-contracts-awarded-at-majnoon/

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RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 653.6 -0.5% -0.8%
USD RSISX 693.9 -0.5% -1.0%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
BIME 0.110 10.0%
IMAP 1.410 2.2%
BNOI 0.590 1.7%
HNTI 9.350 0.5%
HBAG 8.530 0.1%

Worst Performers

Code Closing (IQD) % Chg
BERI 0.130 -18.8%
BGUC 0.140 -6.7%
BMFI 0.150 -6.2%
NGIR 0.640 -5.9%
AIRP 11.000 -4.3%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
IBSD 1,528.3 1,250.1
TASC 487.9 399.1
BAIB 440.0 359.9
INCP 207.8 170.0
IMAP 93.8 76.7

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 489.8 400.7
Banking 541.5 443.0
Industry 1,841.3 1,506.2
Hotels & Tourism 61.4 50.2
Services 30.0 24.5
Agriculture 0.9 0.7
Insurance 4.0 3.3
Investment - -
Money Transfer - -
Total 2,968.8 2,428.5