New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Country Security Manager, Norwegian Refugee Council (NRC) CCCM Information Management Assistant, Norwegian Refugee Council (NRC) CCCM Access Officer, Norwegian Refugee Council (NRC) Camp Management Project Coordinator, Norwegian Refugee Council (NRC) ICLA Officer – Legal Assistance, Norwegian Refugee Council (NRC) Monitoring & Evaluation Officer, […]

New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Coordinator, INTERSOS – Organizzazione Umanitaria Onlus National Operations Officer, IOM – International Organization for Migration Project Administrative Assistant, IOM – International Organization for Migration Project Administrative Assistant, UNAMI – United Nations Assistance Mission for Iraq Graphic and Web (UI & UX) […]

SOMO Discloses Data on its Spot Sales

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. SOMO Discloses Data on its Spot Sales[1] In an unprecedented move, SOMO and the Ministry of Oil-MoO disclosed recently detailed data on quantities and revenues of crude oil sold directly through “electronic […]

Siemens in $310m Iraq Power Plant Deal

Germany’s Siemens has received an order to supply the key components and long-term power generation services for the 840-megawatt (MW) Maisan combined cycle power plant in Iraq. CITIC Construction Co., Ltd., the Chinese engineering procurement and construction firm building the plant, and Iraqi developer MPC, part of Raban Al-Safina for Energy Projects (RASEP) awarded the […]

Iraq throws Turkey curveball in Bilateral Trade

By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkish exporters are reeling from an unprecedented blow in trade with Iraq that has splashed cold water on Ankara’s hopes to launch a second border crossing with its southern neighbor and boost bilateral trade […]

Market Review: “Heatwaves and Budget Surpluses”

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market took a breather, after the blistering May rally, to end the month down -0.71% as measured by the Rabee Securities RSISX USD Index […]

GKP announces Share Buyback

By John Lee. Gulf Keystone Petroleum (GKP) has announced its intention to commence a share buyback programme, using the company’s existing cash resources to make market purchases of Gulf Keystone common shares for a maximum consideration of US$25 million, with the first stage of that programme being initiated now to purchase Gulf Keystone shares for […]

Iran Urges Closer Military Ties with Iraq

Defense Minister of Iran Brigadier General Amir Hatami called for the expansion of military and defense ties between Tehran and Baghdad, describing support for Iraq as a principled policy of the Islamic Republic. In a telephone conversation with his new Iraqi counterpart, General Hatami congratulated Najah Hassan Ali Al-Shammari on taking the post. Hailing Iraq […]

Iraq could surpass Saudi Arabia in Oil Production

By Padraig O’Hannelly. A senior oil executive has predicted that Iraq could surpass Saudi Arabia as an oil producer. Addressing delegates at CWC‘s Iraq Petroleum conference in London, Majid Jafar (pictured), CEO of Sharjah-based Crescent Petroleum, said: “Iraq is hugely underexplored. We at Crescent know of 300 structures just in the Western Desert that have […]