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Weekly Security Update, 26 August – 01 September 2014 Iraq Invites Airport Investment Oil Export Figures Fall Iran to Double Non-Oil Sales to Iraq
 
Weekly Security Update, 26 August – 01 September 2014

Weekly Security Update, 26 August – 01 September 2014

Iraq’s casualty figures released by the UN on 01 September showed that at least 1,420 people were killed in August alone, in a slight decrease compared to last month.  Meanwhile, Prime Minister-designate Haider al-Abadi continued to hold meetings with Iraqi parliamentary leaders, in order to facilitate negotiations towards the formation of a new government. Forming […]

Iraq Invites Airport Investment

Iraq Invites Airport Investment

By Patrick M Schmidt. The governor of Al Diwaniyah officially announced the start of the bidding process for a new airport in the southwest of the province. The project recently received approval from the central government for the construction of a civilian airport. The local government will soon begin presenting the idea to foreign contractors. […]

Oil Export Figures Fall

Oil Export Figures Fall

By Patrick M Schmidt. According to data collected by Reuters and estimates by other energy industry sources, exports from Iraq’s southern oil terminals averaged 2.3 million barrels per day worth of crude oil exports. This figure is almost 140,000 barrels per day less than Iraq’s July figure. Iraqi officials insist the decline was not because […]

Iran to Double Non-Oil Sales to Iraq

Iran to Double Non-Oil Sales to Iraq

By John Lee. The Iranian FARS news agency reports that former Iranian Oil Minister Rostam Qassemi (pictured), who is now in charge of an economic body charged with improving Iran-Iraq trade ties, said Iran can double its non-oil exports to Iraq to $30 billion. Addressing a Joint Iran-Iraq Trade Conference in Tehran on Tuesday, Qassemi […]

UK Minister Promotes Political Unity

UK Minister Promotes Political Unity

30 August 2014

Minister for the Middle East Tobias Ellwood (pictured) visited Iraq with the Secretary of State for International Development, Justine Greening, and the Government’s Security Envoy to the Kurdistan Region of Iraq, Lieutenant General Sir Simon Mayall, to promote political unity in the country and...

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KRG/UN Joint Press Statement

KRG/UN Joint Press Statement

30 August 2014

A comprehensive count carried out jointly by the Kurdistan Regional Government (KRG) and the United Nations indicates that some 850,000 Iraqis have been displaced and sought refuge in all three Kurdistan Region governorates since January 2014. According to the Kurdish Ministry of Planning and the...

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Yazidis Still Face Danger

Yazidis Still Face Danger

30 August 2014

By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of Yazidi families currently face a dire humanitarian situation. They have been scattered in refugee camps, while the fate of hundreds...

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Afren Announces Half Yearly Results

Afren Announces Half Yearly Results

29 August 2014

By John Lee. Afren have released their Half-yearly Results for the six months ended 30 June 2014 and an update on its operations year-to-date 2014, in accordance with the reporting requirements of the EU Transparency Directive.  Below is a summary of their Iraq operations and general financial...

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KRG Oil Exports Hit 8 Million Barrels

KRG Oil Exports Hit 8 Million Barrels

29 August 2014

By John Lee. Turkish officials close to their country's energy policy have announced that a total of 8 million barrels of oil have been exported via the Turkish port of Ceyhan. According to officials, while some buyers have been deterred by legal threats from Baghdad, the number of buyers is...

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Worsening Conditions in Mosul

Worsening Conditions in Mosul

29 August 2014

By John Lee. The Wall Street Journal has written a report based on six interviews with Mosul residents describing life in the city under the rule of the so called "Islamic State". In the report, citizens describe a Taliban like rule of brutality enacted upon those who are seen to transgress...

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Afren Suspends Associate Directors

Afren Suspends Associate Directors

29 August 2014

By John Lee. Afren have released a statement on the recent suspension of the Associate Directors of the company pending the results of an investigation. The statement reads as follows: Afren plc ("Afren" or the "Company") announces that the Board has temporarily suspended Iain Wright and Galib...

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Kuwait Energy Optimistic on Iraq Investment

Kuwait Energy Optimistic on Iraq Investment

28 August 2014

By Patrick Schmidt. During an oil and gas conference in Norway, Chief Executive Officer of Kuwait Energy, Sara Akbar (pictured)  noted that recent events in Iraq do not sour her outlook for the petroleum industry in Iraq. This statement follows the evacuation of oil engineers and workers...

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North Oil Company: ISIL Burned 2 Wells

North Oil Company: ISIL Burned 2 Wells

28 August 2014

By John Lee. As Kurdish Peshmerga forces have continued their advance, capturing  Batana mountain near Zumar, along with recent gains in Makhmur, they have announced ISIL is following a "scorched earth" policy. An official from Iraq's North Oil Company recently confirmed that after ISIL...

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Lukman Faily on Haider al-Abadi

Lukman Faily on Haider al-Abadi

28 August 2014

By John Lee. Iraq's Ambassador to the US Lukman Faily has given an interview with the journal Foreign Policy speaking of his long term friendship with Iraqi PM Haider al-Abadi. We learn that Amb. Faily and Abadi were students together in England in the 1980s and both campaigned to raise...

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Gulf Keystone KRG Operations Update

Gulf Keystone KRG Operations Update

28 August 2014

By John Lee. Gulf Keystone (pictured: CEO John Gerstenlauer) an independent oil and gas exploration, development and production company with operations in the Kurdistan Region of Iraq ("Kurdistan Region"), today announces its results for the six months ended 30 June 2014. Operational...

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Currency Auction Results, 28th Aug

Currency Auction Results, 28th Aug

28 August 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Thursday. A total of $193,850,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Top US General Meets Abadi

Top US General Meets Abadi

27 August 2014

By John Lee. Fox News have reported that the former commander of US forces in Iraq, General Lloyd Austin (pictured, far right) has met with Iraqi PM Haider al-Abadi in Baghdad. The two men were discussing the changing nature of US-Iraq security cooperation in the face of the ongoing offensive...

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Can China Do More For Iraq?

Can China Do More For Iraq?

27 August 2014

By John Lee. China expert Simone Van Nieuwenhuizen has written an opinion piece for The Diplomat, a foreign affairs journal that covers events in Asia. She argues that it would be in China's interests to do more for Iraq. In the piece, Van Niewenhuizen notes that not only has China been...

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Seven European States Now Arming Kurds

Seven European States Now Arming Kurds

27 August 2014

By John Lee. The Pentagon--home to the US Department of Defence--has announced that there are now a total of 7 countries arming Kurdish forces in Iraq. A spokesman said those nations were Britain, Canada, Albania, Croatia, Denmark, Italy and France. Germany may soon follow. In a sign of the...

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Australia Considers Air Strikes

Australia Considers Air Strikes

27 August 2014

By John Lee. Australia is currently weighing up options to use aircraft from the Royal Australian Air Force (RAAF, insignia pictured) to bomb targets of the Islamic State of Iraq and the Levant (ISIL). If authorized, RAAF aircraft could also target ISIL in Syria, but a spokesperson for...

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