Oil Exports Down in August

By John Lee. Iraq’s State Oil Marketing Organization (SOMO) has said that oil exports amounted to 95.447 million barrels in August, which equates to 3.079 million barrels per day. According to a report from Shafaaq, this generated revenue of approximately $3.874 billion, at an average price of $40.59 per barrel. Exported from the southern port of […]

ShaMaran Announces Atrush Results

By John Lee. ShaMaran Petroleum has announced the successful testing and completion of the Chiya Khere-8 (“CK-8″) development well in the Atrush Block in the Kurdistan Region of Iraq. The CK-8 development well was drilled in the third quarter of 2014. The well was re-entered in July 2015 and two well tests (“DST”) using an […]

Turkish Workers Kidnapped in Baghdad

By John Lee. Eighteen Turkish employees of Ankara-based construction company Nurol Insaat have been kidnapped in Baghdad. Masked men in military uniforms reportedly stormed the construction site, where the workers were sleeping in caravans, and bundled them into several SUVs early on Wednesday. The men were working on the construction of the new sports complex […]

Airstrikes Target ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber, fighter and remotely piloted […]

More than 1,300 Iraqis Killed in August

According to casualty figures released today by UNAMI, a total of 1,325 Iraqis were killed and another 1,811 were injured in acts of terrorism, violence and armed conflict in August 2015*. The number of civilians killed was 585 (including 20 civilian police and casualty figures in Anbar), and the number of civilians injured was 1,103 […]

Currency Auction Results, 31st Aug

By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks and 6 remittance companies took part in its currency auction on Tuesday. A total of $176,164,831 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)   Related posts: Currency Auction Results, 31st Aug Currency Auction Results, […]

NIOC Opens Office in Iraq

By John Lee. Iran’s Deputy Oil Minister has announced that an office of the National Iranian Oil Company (NIOC) has been officially opened in Iraq. According to a report from Mehr News Agency, Roknoddin Javadi (pictured), who is also the Managing Director of the NIOC, stressed the need to be present in neighbouring countries, adding […]

Australian Wheat Lowest in Iraq Tender

By John Lee. Australian wheat was reported to be offered at the lowest price, in a tender for at least 50,000 tonnes of hard wheat for the Iraqi Grain Board. The tender closed on Sunday and offers must remain valid up to Thursday, according to Reuters. Australian wheat: 50,000 tonnes at $231.70 a tonne c&f free […]