NIC Announces 157 Major Strategic Projects in Iraq

By John Lee. Iraq’s National Investment Commission (NIC) has just announced the list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February. The 157 large- and medium-sized projects span all sectors of the Iraqi economy, including oil and gas, […]

GKP to Invest Further in Shaikan

Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in the Kurdistan Region of Iraq, is today providing an operational and corporate update. This is in advance of the Company’s full year results for the period ended 31 December 2017 which are expected to be announced on Wednesday 11 April 2018. The information contained herein […]

DNO Reports Payment for Tawke Deliveries

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 53.71 million from the Kurdistan Regional Government as payment for October 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies’ interests in the […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th Jan 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD786 (-0.6%) / $809 (-0.6%) (weekly change) (-3.1% and -3.1% YTD change, respectively). The number of week traded […]

New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Gender Advisor, Heartland Alliance for Human Needs Final Evaluation Consultant, Heartland Alliance for Human Needs Community Engagement (Liaison) Officer, International Organization for Migration (IOM) Programme Management Specialist, UN Development Programme (UNDP) Advisor Employment Focused SME Development, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Child […]

New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Advocacy Coordinator – Accountability, Norwegian Refugee Council (NRC) Senior Supply Assistant, United Nations Assistance Mission for Iraq (UNAMI) Field Security Radio Operator, United Nations Assistance Mission for Iraq (UNAMI) Protection Associate, United Nations Assistance Mission for Iraq (UNAMI) Senior Supply Assistant, United Nations […]

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 […]

Bina Bawi and Miran West gas resource update

Genel Energy has announced that RPS Energy Consultants, as part of its work on the updated competent person’s reports (‘CPRs’) for the Bina Bawi and Miran West fields (Genel 100% and operator), has finalised its evaluation of the contingent gas resources at both assets: The RPS evaluation confirms a significant upgrade to the combined 2C […]

BP to Boost Oil Production at Kirkuk Oilfields

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has signed on Thursday a memorandum of understanding with BP to rehabilitate the oil fields in Kirkuk governorate. Michael Townsend, CEO of BP, said that the company is going to prepare the necessary studies to increase production at the Kirkuk oil fields to 750,000 bpd. […]

Chevron to Resume Drilling in Kurdistan

By John Lee. US-based Chevron plans to resume drilling at the Sarta 3 block in Iraqi Kurdistan. According to a report from Bloomberg, the company had temporarily halted exploration work in October after the Kurds voted in favour of independence. Chevron acquired Reliance Exploration & Production DMCC‘s 80 percent interest and operatorship of the production sharing contracts […]

Kurdish Investors put their Money Elsewhere

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. By Sarchin Salih. Kurdish Crises Drive Kurdish Investors to put their Money Elsewhere It’s not only Iraqi and international investors getting their money out of Iraqi Kurdistan. Financial and political […]

US Supports Iraqi National Elections on May 12

The U.S. government strongly supports holding the Iraqi national elections in May 2018, in line with the Iraqi constitution. Postponing the elections would set a dangerous precedent, undermining the constitution and damaging Iraq’s long-term democratic development. To that end, the United States is providing assistance that will help ensure that all Iraqi voices are heard […]