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Kurdish Oil Export Figures on the Rise Potential Genocide at Amerli Iraqi National Museum Heralds Expansion Plans Made to Recapture Mosul
 
Kurdish Oil Export Figures on the Rise

Kurdish Oil Export Figures on the Rise

By Patrick Schmidt.  The Kurdish Minister of Natural Resources, Ashti Hawrami (pictured) announced that the Kurdistan Regional Government (KRG) has sold 7 million barrels of oil on the international market. He remains confident that the KRG will win the ability to sell oil in the US markets. Currently, the KRG produces 300,000 barrels of oil per […]

Potential Genocide at Amerli

Potential Genocide at Amerli

By John Lee. The Associated Press has reported recently on the northern Iraqi town of Amerli where some 15,000 members of Iraq’s Shi’a Turkmen minority are cut off from food and water supplies and besieged on all sides by Islamic State of Iraq and the Levant (ISIL) fighters. If ISIL are able to enter the town it is […]

Iraqi National Museum Heralds Expansion

Iraqi National Museum Heralds Expansion

By John Lee. No doubt in the hope of happier times ahead, Iraq’s National Museum has opened two new halls at a recent well attended ceremony. Showcasing objects from a span of 7000 years of Mesopotamian history, a key feature of the new part of the museum was some 500 objects from the Hellenistic period, […]

Plans Made to Recapture Mosul

Plans Made to Recapture Mosul

By Barbara Slavin for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. US officials have begun discussions with local leaders in Iraq’s Ninewa province about how to recapture the city of Mosul in the wake of the successful operation to recover control of Mosul […]

US Boosts Iraqi Pilot Training

US Boosts Iraqi Pilot Training

19 August 2014

By Patrick Schmidt. The United States government has approved a $500 million program that would assist and train Iraqi pilots. The funding is directed toward helping the Iraqi Air Force mobilize its American-made rotary wing aircraft, including the Bell 407, OH-58, and Huey II. The Iraqi...

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Weekly Security Update, 12 – 18 August 2014

Weekly Security Update, 12 – 18 August 2014

19 August 2014

By Anne-Laure Barbosa at Constellis Consulting On 14 August, Nouri al-Maliki bowed to increasing domestic and international pressure, and agreed to step down as Prime Minister to endorse Haider al-Abadi in a televised speech. This endorsement paves the way for the formation of a new government,...

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KOGAS in $4.9 Billion Project

KOGAS in $4.9 Billion Project

19 August 2014

By Patrick Schmidt. On Monday, Korea Gas Corporation (KOGAS) announced that it will invest $4.9 billion in the Zubair oil field project. The investment will help establish the facilities needed to launch the project and help Zubair reach its potential of over 800,000 barrel per day production....

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Al-Khatteeb: The Abadi I Know

Al-Khatteeb: The Abadi I Know

18 August 2014

By Robert Tollast. Iraq Energy Institute Director and Brookings Fellow Luay al-Khatteeb (pictured) has written a biography piece for Haider-al Abadi for The Huffington Post. Al-Khatteeb outlines some of the huge challenges Abadi faces, but notes that from 24 years of knowing PM Abadi, the new...

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US Plans New Iraq Strategy

US Plans New Iraq Strategy

18 August 2014

By John Lee. The United States is now far more open to Iraqi requests for increased military support to fight ISIS, The Wall Street Journal reports. Previously, initiatives to sell arms and rapidly transfer foreign military sales such as F-16s and Hellfire missiles have been slowed by...

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Pro-Government Sunnis Launch Offensive

Pro-Government Sunnis Launch Offensive

18 August 2014

By John Lee. Thousands of fighters from as many as 25 pro-government tribes have launched a coordinated offensive against ISIS fighters in the Western Iraqi province of al-Anbar. The leader of these "Sahwa" fighters, Sheikh Abdel Jabbar Abu Risha, announced that the offensive was not related...

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Britain’s RAF Expands Role

Britain’s RAF Expands Role

18 August 2014

By John Lee. British Prime Minister David Cameron has been defending his case that the UK should expand its role in the current crisis in Iraq. He argued that the world was increasingly interconnected, ISIS were a unique and particularly extreme terror threat and that they will pose a threat...

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Kurdish Oil Finds Buyer

Kurdish Oil Finds Buyer

18 August 2014

By Patrick Schmidt. A Kurdish oil tanker has arrived at the Croatian port of Omisalj and is preparing to begin offloading its cargo in the coming days. This delivery represents a success for the Kurdish Regional Government (KRG) in finding a buyer for their crude following legal threats from...

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Peshmerga, US Strikes Capture Mosul Dam

Peshmerga, US Strikes Capture Mosul Dam

18 August 2014

By Patrick Schmidt. After remaining in the hands of the Islamic State (IS) the Mosul Dam and surrounding areas have been mostly recaptured by Kurdish security forces. American airpower over Northern Iraq assisted the Kurdish in recapturing the facility during their offensive. The United...

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Biography of New Prime Minister, Haider al-Abadi

Biography of New Prime Minister, Haider al-Abadi

17 August 2014

Rabee Securites has issued the following biography of Iraq's new Prime Minister, Haider al-Abadi [Haydar al-Abbadi]: CV of Haider Jwad El-Abadi, the New Prime Minister: H. E. El-Abadi was born in Baghdad, in 1952. He is married and has three children. His father was Dr. Jwad El-Abadi. He...

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Iraq Stock Market Report

Iraq Stock Market Report

17 August 2014

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th August 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,452 (+8.4%)/ $1,549 (+8.4%) (weekly change) (-22.1%...

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Video: Will Maliki’s Resignation Save Iraq?

Video: Will Maliki’s Resignation Save Iraq?

17 August 2014

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Prime Minister Nouri al Maliki has agreed to step down at a time of national crisis and deep division....

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CBI Currency Auction Results, 17th Aug

CBI Currency Auction Results, 17th Aug

17 August 2014

By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Sunday. A total of $240,785,000 was sold  at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of...

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Shell wants Pier and Petrochemical Factory

Shell wants Pier and Petrochemical Factory

16 August 2014

By John Lee. Shell has had discussions with Iraqi Ports Administration regarding the possibility of acquiring a piece of land at the Umm Qasr terminal to build a pier and petrochemical factory. According to Aswat Al Iraq, talks between the two sides were held to discuss the project which shall...

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How Haider al-Abadi became PM

How Haider al-Abadi became PM

16 August 2014

By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The 48 hours preceding the Aug. 11 appointment of Haider al-Abadi as Iraq’s prime minister-designate were decisive. Efforts to convince a defiant Prime...

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IS “Profits from Oil Sales”

IS “Profits from Oil Sales”

16 August 2014

By John Lee. According to a report from Reuters, Islamic State (IS, ISIS, ISIL) militants fighting in Iraq are selling oil from oilfields and refineries they control to local communities and smugglers, augmenting their existing ample finances. It is understood that at least some of the oil is...

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