IBN Welcomes New Expert Blogger

By Padraig O’Hannelly. This week at Iraq Business News, we are delighted to welcome a new Expert Blogger to our ranks: Elena Kornienko (pictured), has more than 15 years of professional experience in contracts, procurement and tendering in various roles from demand-identification to contract close-out. She has worked on major international oil and gas projects, […]

KRG, Pearl agreement to boost Electricity Generation

The Kurdistan Regional Government (KRG) and Pearl Petroleum have signed an agreement to increase production of gas from the Khor Mor field later this year, to boost much needed electricity generation for the people of the Kurdistan Region and Iraq as a whole. The 10-year gas sales agreement will enable gas production from Khor Mor […]

Procurement in Iraq: Cinderella or Superman?

By Elena Kornienko. Little did I know back in 1999 when I got my first job in procurement on the Sakhalin-2 project which became one of the mega projects in oil and gas industry not only in Russia but also worldwide. I was young, ambitious and also very naive about what years later became my […]

Genel Energy Returns to Profit

Genel Energy has announced a return to profit. In its audited results for the year ended 31 December 2017, Murat Özgül (pictured), Chief Executive of Genel, said: “Another year of consistent payments by the KRG and a disciplined capital allocation strategy helped to generate material free cash flow in 2017. This was enhanced in the […]

Obtaining Second Citizenship: Which Programmes Are Affordable?

Press Release We live in a very uncertain world, currently fraught with geopolitical tensions, social upheaval and economic ups and downs. For these reasons – and more – people around the world, and especially in the Middle East, are increasingly looking for second citizenships to protect their assets and, more importantly, ensure a secure and […]

AMAR Foundation Strenghtens Financial Committee

The Board of the AMAR International Charitable Foundation is to expand and strengthen its Finance Committee. It will now be chaired by leading financial businessman and AMAR supporter, Mr Michael Boardman. The present Chairman, Mr Chris Frost is standing down, but will continue to advise AMAR in a different capacity. Jonathan Ayres, the Chief Financial Officer […]

USAID Holds Co-Creation Workshop in Baghdad

The United States Agency for International Development (USAID) concluded a two-day workshop in Baghdad with 33 organizations seeking to create and design activities together that will assist in the voluntary return of displaced Iraqis to the Ninewa Plain and western Ninewa, and to encourage those who are already in their communities to remain. The workshop […]

Training Session for Bidders on UNDP e-Tendering

In continuing of training session conducted in April-May 2017 for the potential construction companies throughout Iraq, UNDP Country Office Iraq is planning to conduct another training session for the potential Construction Firms/Companies as per the following details: Training Session for Sinjar Bidders – 3 & 4 April 2018 – Baghdad Training Session for Baghdad & […]

Coalition Continues Partnership with Iraq Against ISIS

A U.S.-led coalition task force named Task Force Lion, part of Operation Inherent Resolve, is continuing its efforts to support the Iraqi government in its fight against the remnant forces of the Islamic State of Iraq and Syria, the task force’s commander told reporters at the Pentagon today via satellite from Iraq. Task Force Lion’s […]

FIFA Lifts Ban on Iraq Hosting Int’l Matches

By John Lee. Soccer’s governing body FIFA has lifted its three-decade ban on Iraq hosting international football. FIFA President Gianni Infantino is quoted as saying that this will allow international matches to be played in Erbil, Basra (pictured) and Karbala, where the security situation was considered to be “stable“, but not yet in Baghdad. Iraq […]