Featured Stories
Afren Announces Half Yearly Results KRG Oil Exports Hit 8 Million Barrels Worsening Conditions in Mosul Afren Suspends Associate Directors
 
Afren Announces Half Yearly Results

Afren Announces Half Yearly Results

By John Lee. Afren have released their Half-yearly Results for the six months ended 30 June 2014 and an update on its operations year-to-date 2014, in accordance with the reporting requirements of the EU Transparency Directive.  Below is a summary of their Iraq operations and general financial results. Information contained within this release is un-audited […]

KRG Oil Exports Hit 8 Million Barrels

KRG Oil Exports Hit 8 Million Barrels

By John Lee. Turkish officials close to their country’s energy policy have announced that a total of 8 million barrels of oil have been exported via the Turkish port of Ceyhan. According to officials, while some buyers have been deterred by legal threats from Baghdad, the number of buyers is in fact increasing. The Kurds […]

Worsening Conditions in Mosul

Worsening Conditions in Mosul

By John Lee. The Wall Street Journal has written a report based on six interviews with Mosul residents describing life in the city under the rule of the so called “Islamic State”. In the report, citizens describe a Taliban like rule of brutality enacted upon those who are seen to transgress against the highly austere interpretation […]

Afren Suspends Associate Directors

Afren Suspends Associate Directors

By John Lee. Afren have released a statement on the recent suspension of the Associate Directors of the company pending the results of an investigation. The statement reads as follows: Afren plc (“Afren” or the “Company”) announces that the Board has temporarily suspended Iain Wright and Galib Virani, both Associate Directors of the Company.  Further […]

Afren Announces Half Yearly Results

Afren Announces Half Yearly Results

29 August 2014

By John Lee. Afren have released their Half-yearly Results for the six months ended 30 June 2014 and an update on its operations year-to-date 2014, in accordance with the reporting requirements of the EU Transparency Directive.  Below is a summary of their Iraq operations and general financial...

Read the full story

Posted in Oil & Gas0 Comments

KRG Oil Exports Hit 8 Million Barrels

KRG Oil Exports Hit 8 Million Barrels

29 August 2014

By John Lee. Turkish officials close to their country's energy policy have announced that a total of 8 million barrels of oil have been exported via the Turkish port of Ceyhan. According to officials, while some buyers have been deterred by legal threats from Baghdad, the number of buyers is...

Read the full story

Posted in Oil & Gas0 Comments

Worsening Conditions in Mosul

Worsening Conditions in Mosul

29 August 2014

By John Lee. The Wall Street Journal has written a report based on six interviews with Mosul residents describing life in the city under the rule of the so called "Islamic State". In the report, citizens describe a Taliban like rule of brutality enacted upon those who are seen to transgress...

Read the full story

Posted in Security0 Comments

Afren Suspends Associate Directors

Afren Suspends Associate Directors

29 August 2014

By John Lee. Afren have released a statement on the recent suspension of the Associate Directors of the company pending the results of an investigation. The statement reads as follows: Afren plc ("Afren" or the "Company") announces that the Board has temporarily suspended Iain Wright and Galib...

Read the full story

Posted in Oil & Gas0 Comments

Kuwait Energy Optimistic on Iraq Investment

Kuwait Energy Optimistic on Iraq Investment

28 August 2014

By Patrick Schmidt. During an oil and gas conference in Norway, Chief Executive Officer of Kuwait Energy, Sara Akbar (pictured)  noted that recent events in Iraq do not sour her outlook for the petroleum industry in Iraq. This statement follows the evacuation of oil engineers and workers...

Read the full story

Posted in Oil & Gas0 Comments

North Oil Company: ISIL Burned 2 Wells

North Oil Company: ISIL Burned 2 Wells

28 August 2014

By John Lee. As Kurdish Peshmerga forces have continued their advance, capturing  Batana mountain near Zumar, along with recent gains in Makhmur, they have announced ISIL is following a "scorched earth" policy. An official from Iraq's North Oil Company recently confirmed that after ISIL...

Read the full story

Posted in Security0 Comments

Lukman Faily on Haider al-Abadi

Lukman Faily on Haider al-Abadi

28 August 2014

By John Lee. Iraq's Ambassador to the US Lukman Faily has given an interview with the journal Foreign Policy speaking of his long term friendship with Iraqi PM Haider al-Abadi. We learn that Amb. Faily and Abadi were students together in England in the 1980s and both campaigned to raise...

Read the full story

Posted in Politics0 Comments

Gulf Keystone KRG Operations Update

Gulf Keystone KRG Operations Update

28 August 2014

By John Lee. Gulf Keystone (pictured: CEO John Gerstenlauer) an independent oil and gas exploration, development and production company with operations in the Kurdistan Region of Iraq ("Kurdistan Region"), today announces its results for the six months ended 30 June 2014. Operational...

Read the full story

Posted in Oil & Gas0 Comments

Currency Auction Results, 28th Aug

Currency Auction Results, 28th Aug

28 August 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Thursday. A total of $193,850,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

Read the full story

Posted in Banking & Finance0 Comments

Top US General Meets Abadi

Top US General Meets Abadi

27 August 2014

By John Lee. Fox News have reported that the former commander of US forces in Iraq, General Lloyd Austin (pictured, far right) has met with Iraqi PM Haider al-Abadi in Baghdad. The two men were discussing the changing nature of US-Iraq security cooperation in the face of the ongoing offensive...

Read the full story

Posted in Security0 Comments

Can China Do More For Iraq?

Can China Do More For Iraq?

27 August 2014

By John Lee. China expert Simone Van Nieuwenhuizen has written an opinion piece for The Diplomat, a foreign affairs journal that covers events in Asia. She argues that it would be in China's interests to do more for Iraq. In the piece, Van Niewenhuizen notes that not only has China been...

Read the full story

Posted in Oil & Gas0 Comments

Seven European States Now Arming Kurds

Seven European States Now Arming Kurds

27 August 2014

By John Lee. The Pentagon--home to the US Department of Defence--has announced that there are now a total of 7 countries arming Kurdish forces in Iraq. A spokesman said those nations were Britain, Canada, Albania, Croatia, Denmark, Italy and France. Germany may soon follow. In a sign of the...

Read the full story

Posted in Security0 Comments

Australia Considers Air Strikes

Australia Considers Air Strikes

27 August 2014

By John Lee. Australia is currently weighing up options to use aircraft from the Royal Australian Air Force (RAAF, insignia pictured) to bomb targets of the Islamic State of Iraq and the Levant (ISIL). If authorized, RAAF aircraft could also target ISIL in Syria, but a spokesperson for...

Read the full story

Posted in Security0 Comments

Weekly Security Update, 19 – 25 August 2014

Weekly Security Update, 19 – 25 August 2014

27 August 2014

By Anne-Laure Barbosa at Constellis Consulting Amidst continuing violence across northern and central Iraq, particularly where Peshmerga, ISF or Shia volunteers defend new borders with IS militants, the shooting of over 60 Sunni worshippers by suspected Shia militiamen in Diyala is a reminder of...

Read the full story

Posted in Weekly Security Update0 Comments

KRG Announce Security Sector Reform

KRG Announce Security Sector Reform

26 August 2014

By Patrick Schmidt. Kurdistan Regional President Massoud Barzani has announced coming reforms for the Kurdish security forces, most famous for the Peshmerga. The reforms would bring all units under a single unified command. In the past, the Minister of the Peshmerga did not have control over...

Read the full story

Posted in Security0 Comments

Abadi: Govt. Formation Talks “Positive”.

Abadi: Govt. Formation Talks “Positive”.

26 August 2014

By John Lee. Iraqi PM Haider al-Abadi has issued a statement saying that government formation is going well and that on the security front, all militias loyal to the government must come under government control. The remarks are another sign of the PM's departure from the governing style of...

Read the full story

Posted in Politics0 Comments

IBN Newsletter 'FREE Weekly Subscription'