Former BG boss to take over from Hayward at Genel?

By John Lee. Sky News has learnt that the former head of BG Group, Chris Finlayson, is being lined up to take over from Tony Hayward as Chairman of Genel Energy‎. An appointment is unlikely to be finalised until sometime in the new year, and Genel is also considering other candidates for the role, according to […]

NATO to Train Iraqi Officers in Iraq

By John Lee. NATO is to start running training programs for the Iraqi military in Iraq itself from January. The alliance’s Secretary General Jens Stoltenberg told a press conference: “… we have already training activities in Jordan where we train Iraqi officers and we have trained several hundred officers there already. “We will continue our […]

Exxon Pulls Out of 3 Blocks in Kurdistan

By John Lee. ExxonMobil has reportedly pulled out of three of the six exploration blocks it operated in Iraqi Kurdistan. According to Iraq Oil Report, it has abandoned the Qara Hanjeer, Arbat East, and Betwata blocks, while retaining 80 percent stakes in the Al Qosh, Pirmam and Bashiqa blocks. KRG’s Minister of Natural Resources, Ashti […]

Deputy Prime Minister outlines KRG’s Reform Initiatives

Kurdistan Region Deputy Prime Minister Qubad Talabani outlined his government’s reform initiatives during speech to the sixth Kurdistan Oil and Gas conference, organised by CWC Group, in London on Monday. Below is the transcript of Deputy Prime Minister’s speech: Distinguished guest, ladies and gentlemen. I’d like to warmly thank CWC for inviting me back again […]

Strikes Hit ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter and remotely […]

82,000 Currently Displaced from Mosul – UNHCR

The UN High Commissioner for Refugees (UNHCR) has issued an update on the Iraq situation as at 6th December: KEY FIGURES 82,068 People displaced from Mosul and surrounding areas since the military offensive began on 17 October1 11,705 UNHCR kits of core relief items distributed to families (assisting some 70,000 people) displaced from Mosul and […]

Currency Auction Results, 7th Dec

By John Lee. The Central Bank of Iraq (CBI) has reported that 35 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $150,580,002 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Blue Sky acquires Sonoro Energy Iraq

Blue Sky Energy Inc. (TSX VENTURE:BSI) has acquired from Sonoro Energy International Holdings BV, 100% of the issued and outstanding common shares of Sonoro Energy Iraq B.V. (“Sonoro Iraq”), a company incorporated in the Netherlands and the designated operator and party to several license agreements with the Al-Salah ad Din Provincial Government of Iraq for […]

IMF Releases Another $618m Loan to Iraq

IMF disburses about US$617.8 million following completion of first review of Iraq’s reform program The IMF-supported program includes measures to protect the poor, enhance financial sector stability, and curb corruption Significantly improving public financial management will be important The Executive Board of the International Monetary Fund (IMF) has completed the first review of Iraq’s three-year […]

IBBC Announces Line-Up for Iraq Business Conference

Having had to postpone its autumn conference earlier this year, the Iraq Britain Business Council (IBBC) has confirmed that it has received full UAE Government approval to hold its conference on Sunday 18th December. It has convened 20 of the top decision-makers from the Government of Iraq and key industry sectors, who will come together […]