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U.S. Ambassador Visits Erbil IDP Camps Kurdistan’s Battered Women Turkish Refiner to Buy Kurdish Crude via SOMO West Qurna-2 Drives Growth at Lukoil
 
U.S. Ambassador Visits Erbil IDP Camps

U.S. Ambassador Visits Erbil IDP Camps

On November 19, U.S. Ambassador Stuart Jones visited Erbil to assess efforts to address the urgent humanitarian needs of displaced populations in the Iraqi Kurdistan Region (IKR). To date, the United States Government (USG) has contributed more than $202 million in support of the international humanitarian response to the complex emergency in Iraq, which began […]

Kurdistan’s Battered Women

Kurdistan’s Battered Women

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. Kurdistan’s Battered Women: Out Of Shelters, Into Danger And Honour Killings When a woman leaves a shelter for battered women in Iraqi Kurdistan, her family often has to sign a […]

Turkish Refiner to Buy Kurdish Crude via SOMO

Turkish Refiner to Buy Kurdish Crude via SOMO

By John Lee. Turkish refiner Tupras is to buy crude oil from Iraq Kurdistan sold by the Baghdad’s State Oil Marketing Organisation (SOMO). The company’s Deputy General Manager, Hasan Tan, told reporters the oil will be sent by pipeline to the Turkish Mediterranean port town of Ceyhan. The announcement comes a week after Baghdad and […]

West Qurna-2 Drives Growth at Lukoil

West Qurna-2 Drives Growth at Lukoil

In the first 3 quarters of 2014, the production of marketable hydrocarbons at LUKOIL Overseas (the operator of LUKOIL’s international upstream projects) reached 70 million barrels of oil equivalent – a 44 percent year-on-year increase and a new record for LUKOIL’s upstream operations abroad. Oil production more than doubled to reach over 6.5 million tons […]

U.S. Ambassador Visits Erbil IDP Camps

U.S. Ambassador Visits Erbil IDP Camps

21 November 2014

On November 19, U.S. Ambassador Stuart Jones visited Erbil to assess efforts to address the urgent humanitarian needs of displaced populations in the Iraqi Kurdistan Region (IKR). To date, the United States Government (USG) has contributed more than $202 million in support of the international...

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Kurdistan’s Battered Women

Kurdistan’s Battered Women

21 November 2014

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. Kurdistan's Battered Women: Out Of Shelters, Into Danger And Honour Killings When a woman leaves a shelter for battered women in Iraqi...

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Turkish Refiner to Buy Kurdish Crude via SOMO

Turkish Refiner to Buy Kurdish Crude via SOMO

20 November 2014

By John Lee. Turkish refiner Tupras is to buy crude oil from Iraq Kurdistan sold by the Baghdad's State Oil Marketing Organisation (SOMO). The company's Deputy General Manager, Hasan Tan, told reporters the oil will be sent by pipeline to the Turkish Mediterranean port town of Ceyhan. The...

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Posted in Oil & Gas0 Comments

West Qurna-2 Drives Growth at Lukoil

West Qurna-2 Drives Growth at Lukoil

20 November 2014

In the first 3 quarters of 2014, the production of marketable hydrocarbons at LUKOIL Overseas (the operator of LUKOIL's international upstream projects) reached 70 million barrels of oil equivalent – a 44 percent year-on-year increase and a new record for LUKOIL's upstream operations abroad. Oil...

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Posted in Oil & Gas0 Comments

Atrush First Oil on Schedule

Atrush First Oil on Schedule

20 November 2014

By John Lee. TAQA, the Abu Dhabi National Energy Company, has said that first oil from its Atrush Block in Iraq is on schedule for late 2015. The company said that operations have resumed following a brief interruption to drilling activities after increased regional instability in August....

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Baghdad Transfers $500m to Erbil

Baghdad Transfers $500m to Erbil

20 November 2014

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi government transferred $500 million to the autonomous Kurdish region on Wednesday as part of a deal aimed at ending long-running oil and budget disputes, the...

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Posted in Construction & Engineering0 Comments

Currency Auction Results, 20th Nov

Currency Auction Results, 20th Nov

20 November 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Thursday. A total of $205,645,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Posted in Banking & Finance0 Comments

No Excuse for Excessive Holidays

No Excuse for Excessive Holidays

20 November 2014

By Padraig O'Hannelly. A recent report from Al Monitor highlights the shocking number of official and unofficial holidays in Iraq, and the affect that this is having on commercial activity and education. But that's just part of the picture. Due to its plentiful oil reserves, many would...

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Posted in Blog, Employment, Industry & Trade, Oil & Gas0 Comments

Shake-up Planned for Erbil Stock Exchange

Shake-up Planned for Erbil Stock Exchange

19 November 2014

By John Lee. At a meeting of the Economic Council of the Kurdistan Region on Monday, the progress in setting up the Erbil Stock Exchange (ESX) was reviewed, and it looks like a shake-up in personnel can be expected. A statement from the KRG read: "In order for the Exchange to operate...

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Video: Kuwait Energy CEO on Operating in Iraq

Video: Kuwait Energy CEO on Operating in Iraq

19 November 2014

From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Sara Akbar, the chief executive of privately-owned Kuwait Energy, says the company has no issues working in southern Iraq despite the current conflict in the...

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Posted in Oil & Gas0 Comments

Successful Rights Offering for WesternZagros

Successful Rights Offering for WesternZagros

19 November 2014

By John Lee. WesternZagros Resources has announced the successful closing of its rights offering which expired on November 14, 2014. The Rights Offering, together with the equity backstop arrangement provided by the Company's largest shareholder, Crest Energy International LLC, generated...

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Posted in Investment, Oil & Gas0 Comments

Arkansas, Kerbala Unis in Cooperation Agreement

Arkansas, Kerbala Unis in Cooperation Agreement

19 November 2014

The University of Arkansas in the United States, and the University of Kerbala in Kerbala, Iraq, have established a formal agreement of cooperation that is intended to further the academic objectives of each institution. Moneer Habeeb Tolehphih, chancellor at the University of Kerbala, signed the...

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Posted in Education & Training0 Comments

Currency Auction Results, 19th Nov

Currency Auction Results, 19th Nov

19 November 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Wednesday. A total of $238,219,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Posted in Banking & Finance0 Comments

KRG to Upgrade Border Crossings

KRG to Upgrade Border Crossings

19 November 2014

By John Lee. KRG Prime Minister and President of the Economic Council, Nechirvan Barzan, conducted a meeting on Monday of the Economic Council of the Kurdistan Region. Import and export systems, customs pricing, and raising professional standards of staff at border crossings were reviewed....

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Posted in Industry & Trade, Security0 Comments

Video: Tony Hayward on IS, Possible Acquisitions

Video: Tony Hayward on IS, Possible Acquisitions

19 November 2014

From ProactiveInvestors. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Tony Hayward, the chief executive of Genel Energy (LON:GENL), insists Kurdistan, where Genel operates, is a ‘secure and stable’ place to do business...

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‘Ghost’ Soldiers Haunt Iraqi Army

‘Ghost’ Soldiers Haunt Iraqi Army

19 November 2014

By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi army includes “ghost” soldiers, a purely Iraqi term used to describe members whose names are registered in the wages and salaries lists,...

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