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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 615.8 -0.0% -6.6%
USD RSISX 662.5 -0.0% -6.7%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
AIRP 9.500 2.6%
AISP 5.300 1.0%
IMOS 5.400 0.9%
HBAY 60.080 0.0%
- - -

Worst Performers

Code Closing (IQD) % Chg
BUND 0.050 -16.7%
IMIB 1.990 -7.4%
HNTI 8.610 -1.9%
IIDP 1.060 -1.9%
IHFI 0.700 -1.4%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
IMCI 50.4 41.8
IIDP 27.5 22.8
SBPT 22.2 18.4
INCP 21.9 18.1
BCOI 18.6 15.4

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 15.6 12.9
Banking 43.5 36.0
Industry 127.1 105.3
Hotels & Tourism 19.4 16.1
Services 22.9 19.0
Agriculture 17.8 14.8
Insurance 4.9 4.1
Investment - -
Money Transfer - -
Total 251.2 208.2