Luaibi Targets More Production Ahead of OPEC Meeting

By Simon Kent.  Iraq’s Oil Minister Jabbar Ali al Luaibi has met with IOCs and asked them to do their utmost to increase production in Iraq’s southern fields, which has fluctuated in 2016. The announcement, relayed by Ministry of Oil spokesman Asim Jihad, comes over a month before a meeting on the 26th of September […]

Ministry of Oil: IOC Contracts Must Reflect Prices

By Simon Kent. Newly appointed Minister of Oil Jabbar Ali al Luaibi has announced that the government’s plan to review contracts with IOCs is still in effect. Iraq has long been seeking contracts which reflect lower prices, since the technical service contracts (TSCs) signed in 2009 remunerate IOCs for a fixed per barrel fee. This […]

What Next for Iraq’s Popular Mobilization Units?

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  On July 26, the Iraqi government announced that the Popular Mobilization Units (PMU) will be converted into “an independent military formation affiliated with the armed forces’ commander-in-chief.” The Shiite force […]

British EOD Technician Dies During Bomb Disposal

By Simon Kent.  An unnamed British Explosive Ordnance Disposal (EOD) technician has been killed while trying to defuse an improvised explosive device (IED) in Ramadi, the mayor of the town has announced. The contractor was employed by US contracting firm Janus. Although cleared of fighters of the self declared Islamic State, Ramadi has been left […]

Police Find Mass Grave Near Mosul

By Simon Kent. Iraqi Security Forces have found a mass grave containing the remains of police from Ninevah province, in a village south of Mosul, the last urban stronghold of the self declared Islamic State. A Sunni Iraqi police Colonel from nearby Salahaddin, Ahmed al Jubouri, remarked on the discovery, “Security forces at the recently  liberated al-Jawaana […]

Condensate and LPG Exports Continue

By Simon Kent. Iraq’s Ministry of Oil have announced that 2 cargoes, one of LPG, one of Condensate, have departed the export terminals at Basra. Iraq began exporting LPG earlier this year through its Basra Gas Company Joint Venture, a consortium of Shell, Iraq’s South Gas company and Mitsubishi as the minority stakeholder. Proceeds will […]

Italy’s Ambassador Meets Qais al Khazali

By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.    The official website of the League of the Righteous movement (Asaib Ahl al-Haq) reported Aug. 14 a visit by the Italian ambassador to Baghdad, Marco Carnelos, to league Secretary-General […]

Germany Resumes Weapons Exports to Kurds

By Simon Kent. Germany have resumed arms shipments to the Kurdish Peshmerga after they were suspended following allegations that some of the arms had been seen on the black market. The latest shipment comes after the Kurdish Regional Government completed an investigation into the allegations and pledged that it would not happen again. Germany has […]

NOC Allows Kirkuk Oil to Enter Kurdish Pipeline

By Simon Kent. Heightening speculation that  a new, comprehensive deal may be reached between the Kurdish Regional Government (KRG) and Baghdad over oil exports and revenues, news has emerged that the federal North Oil Company (NOC) is allowing exports of Kirkuk crude via the Kurdish pipeline through Turkey. This could add up to 150,000 bpd […]

Daesh Shell Refugee Camp, 12 Killed

By Simon Kent. According to Iraqi police sources, members of the self declared “Islamic State” have shelled a refugee camp with mortar fire in northern Salahaddin, killing 12 people and injuring dozens. The camp, most likely populated by Sunni refugees (the very people IS claims to protect) was attacked from positions in the nearby town […]

Hashd al Shaabi Heads Meet Western Delegation

By Jean Aziz for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  A hotel in Beirut was the scene of a series of secret meetings Aug. 8-11 between a diplomatic delegation that included representatives from Western countries and nongovernmental organizations (NGOs), and a delegation […]

Seven Coalition Air Strikes Hit IS in Iraq

By Simon Kent. Aircraft from the international Coalition against the self declared Islamic State have struck seven targets in Iraq, according to officials from Combined Joint Task Force Operation Inherent Resolve. This is half the number of strikes that occurred in Syria over a roughly 24 hour period, suggesting a paucity of targets in Iraq […]