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Weekly Security Update, 18 – 24 November 2014 Sulzer, Unaoil in JV Agreement US Considers Arming Peshmerga Who Represents Iraqi Sunnis?
 
Weekly Security Update, 18 – 24 November 2014

Weekly Security Update, 18 – 24 November 2014

Following Prime Minister Haider al-Abadi’s decision to reshuffle senior security commanders, Deputy Interior Minister Adnan al-Asadi, an ally of former PM Nouri al-Maliki, was removed from his position. Since assuming office, Abadi has been seeking to clear key government positions from Maliki’s influence, which is effectively strengthening the Iranian-backed Badr Organisation and one of its […]

Sulzer, Unaoil in JV Agreement

Sulzer, Unaoil in JV Agreement

By John Lee. Swiss-based Sulzer has signed an agreement to form a joint venture with the Unaoil Group to service of rotating equipment for oil and gas, and power customers in Southern Iraq. The joint venture (JV) will operate under the name of Sulzer Rotating Equipment FZCO and will have offices in Dubai, with local operations […]

US Considers Arming Peshmerga

US Considers Arming Peshmerga

A resolution was introduced to the US Congress that would authorise the US government to supply military equipment, weapons, and training directly to Kurdistan Regional Government Peshmerga Forces. House Resolution 5747, a bi-partisan resolution, was introduced into the House Foreign Affairs Committee by Chairmen Ed Royce and Ranking Member Eliot Engel. The bill authorises the […]

Who Represents Iraqi Sunnis?

Who Represents Iraqi Sunnis?

By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Who represents Iraq’s Sunnis? Iraqis have not answered this incredibly sensitive question. The danger of being unable to clearly answer this question is directly related to the war on the Islamic State (IS), as well […]

UNHCR Launches new Airlift to IDPs

UNHCR Launches new Airlift to IDPs

22 November 2014

The first flight in a new UNHCR airlift aimed at providing winter aid to Iraqis displaced by conflict this year has landed in northern Iraq's Kurdistan region. The first of seven planned flights from Pakistan touched down at Erbil International Airport at 2345 local time (2045 GMT) on Thursday,...

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Displaced Christians Seek New Identities in Baghdad

Displaced Christians Seek New Identities in Baghdad

22 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. Iraq's Displaced Christians Seek New Identities in Baghdad Many members of Iraq’s Christian minority who fled Mosul have more to worry...

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Mosul’s Extremist Celebrity: The Man With Two Horns

Mosul’s Extremist Celebrity: The Man With Two Horns

22 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. Profiling Mosul’s Extremist Celebrity: The Minister of Education, The Man With Two Horns Since getting the job of reforming the...

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Posted in Education & Training, Security0 Comments

Iraq On Verge Of Economic Collapse?

Iraq On Verge Of Economic Collapse?

22 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. A Bigger Threat Than The Extremists: Iraq On Verge Of Economic Collapse? The high cost of fighting the extremist Islamic State group,...

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Posted in Industry & Trade, Politics, Security0 Comments

Baiji Refinery to Reopen in 3 Months

Baiji Refinery to Reopen in 3 Months

21 November 2014

By John Lee. It will take an estimated three months to restart the giant Baiji refinery, after government troops re-took the facility from Islamic State fighters earlier this week. Bloomberg quotes an engineer at the plant as saying that workers have fled to other provinces, refinery units...

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UN: Inclusive Political Process is Critical

UN: Inclusive Political Process is Critical

21 November 2014

As Iraq struggles to deal with the increasing security threat of the Islamic State of Iraq and the Levant (ISIL) as well as with dire financial and humanitarian conditions, the United Nations envoy to the country has cited an inclusive political process as vital to finding comprehensive solutions....

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Posted in Politics, Security0 Comments

KRG Ships 25m Barrels of Crude though Turkey

KRG Ships 25m Barrels of Crude though Turkey

21 November 2014

By John Lee. The Kurdistan Regional Government (KRG) has reportedly pumped 25 million barrels of crude oil through its independent oil pipeline to the Turkish port of Ceyhan. Turkish Energy Minister Taner Yildiz (pictured) said on Thursday that the oil was shipped from the port in 35 separate...

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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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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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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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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 & Gas1 Comment

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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Posted in Investment0 Comments

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