Iraq 2017 Oil Target “Within Reach”

Iraq’s ambition to boost oil-output capacity to a record 5mn bpd is “not unrealistic” as the country prepares for the end of OPEC-mandated supply limits, according to analysts. Iraq, which has been rehabilitating its oil industry after years of conflict, has vowed to keep expanding capacity while respecting an Organisation of Petroleum Exporting Countries’ accord […]

Sarens delivers Oil Rig to North Rumaila

Maneuvering through narrow streets in the stifling heat, 24 Sarens employees and 5 police officers successfully delivered an oil rig to the North Rumaila Oil Field in southern Iraq. This super-giant oil field is an important resource: it contains an estimated 17 billion barrels of oil, or 12% of the country’s reserves. Sarens performed the […]

Ericsson extends Managed Services deal with Zain

Ericsson has been awarded an extension of its Managed Services contract with Zain Iraq until 2021, after successfully providing Managed Services for Networks, IT and value-added services to the operator since 2012. Under the terms of the new contract, Ericsson strengthens its role as a trusted business partner by supplying a Service Operation Center and […]

Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies

Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar. Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and […]

PMU wants to take over Baghdad’s security

By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As violence escalated in Baghdad over the past few days, with several areas being targeted by bomb-rigged vehicles, members of the Popular Mobilization Units (PMU) have called for the capital’s security dossier to be handed […]

Details of Latest Counter-ISIS Strikes

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 15 strikes consisting of 69 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]

Assessment of KRG-Rosneft Recent Deals

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many of my Kurdish colleagues, members of the Finance and Oil Committees in the Iraqi federal Parliament, asked for my opinion on these deals. In response to that request and due to […]

Kirkuk’s Oil to play big role in Kurdish Independence

By Kamal Chomani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After decades of waiting, the Kurds are finally set to hold a referendum on independence in the fall. Massoud Barzani, the president of Iraqi Kurdistan, met June 7 with Kurdish political parties to discuss the […]

As Extremists Lose Power in Iraq, Militias Loyal to Iran Gain it

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government’s next big problem is coming into view: The group of powerful Shiite Muslim militias loyal to Iran seem to want to keep the country enmeshed in regional […]

Australia contributes US$1.5m to Stabilization in Iraq

The Government of Australia has contributed an additional US$1.5 million to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This brings Australia’s total contribution to FFS to almost US$3 million to date. Based on priorities identified by the Government of […]

‘Peace Radio’ Inspires Refugees and Displaced

By Marta Bellingreri for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  “Do you think you will come back soon to your city?” asked Ronza, a Yazidi woman working for Radio Salam (Peace Radio), to a woman from Qaraqosh. “Inshallah [God willing]. […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]