Tag Archives | mn

Iraq Oil Exports Down again in March

By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for March of 104,686,779 barrels, giving an average for the month of 3.377 million barrels per day (bpd), down from the 3.621 bpd exported in February. These exports from the oilfields in central and southern Iraq amounted to 100,899,853 barrels, while exports from […]

New Iraq-Saudi Border Crossing to be Hi-Tech

By John Lee. The General Company for Land Transport (GCLT) has held a meeting with its Saudi Arabian counterpart to discuss the opening of the Arar border crossing between the two countries. According to a statement from Iraq’s Ministry of Transport, the participants stressed the importance of the new border facility for commercial trade and […]

Panasonic extends agreement with Al Manzil in Iraq

By John Lee. Panasonic Eco Solutions has announced that it has renewed its agreement with Al Manzil Group as its authorized distributor in Iraq for all Panasonic Indoor Air Quality (IAQ) – Fan products. According to a press release, Iraq is one of the largest markets for Panasonic IAQ-Fan products and promises immense opportunities for […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Iraq to Export 1m bpd Oil through Jordan

Iraq announced on Thursday the completion of the “technical preparations” to extend a pipeline to export one million barrels of oil per day through Jordan, Petra has reported. “The export capacity of the Basra-Aqaba pipeline, which runs through Jordan, is expected to reach one million barrels per day (bpd),” Iraqi oil minister, Thamir Al-Ghadhban, said […]

Iraqi Parliament rejects change to Nationality Law

The Iraqi Parliament Security and Defence Committee has rejected the draft amendments to the Nationality Law. Committee Chairman Adnan Al-Asadi said in a statement that “the proposed amendments allow foreigners married to Iraqi women as well as unmarried foreigners who live in Iraq for only one year to apply for the Iraqi citizenship … These […]

EU supporting Local Development in Iraq

EU-funded programme launched in Iraq to support recovery and stability through local development The European Union (EU), the United Nations Development Programme (UNDP), and the UN Human Settlements Programme (UN-Habitat) continue to work together to help the people of Iraq in their pursuit of recovery and stability. On 28 March 2019, representatives of federal and […]

Japan Increases Funding for De-Mining in Iraq

The United Nations Mine Action Service (UNMAS) has welcomed an additional contribution of USD 1,625,000 from the Government of Japan to further mitigate the threat posed by explosive hazards in support of the provision, facilitation and enablement of humanitarian and stabilization support. “Japan has recently decided a new assistance package for Iraq amounting to USD […]

Lukoil CEO and Iraqi PM discuss Cooperation

By John Lee. The President of Lukoil, Vagit Alekperov, has held a meeting with Prime Minister of Iraq Adil Abdul-Mahdi in Baghdad. The meeting was attended by the Russian Ambassador to Iraq, Maksim Maksimov. The parties discussed the current status of projects, among them the geological exploration at Eridu field (Block 10) in the south […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th February 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD561 (-4.7%) / $604 (-4.7%) (weekly change) (-14.9% and -15.0% YTD change, respectively). The number of week traded […]

GKP Declares Dividend; Shares Rise

By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading up more than three percent on Thursday morning after the company proposed issuing $50-million in dividends this year. The company, which produces oil at the Shaikan field (pictured) in Iraqi Kurdistan, issued the following statement as part of its 2018 Full Year Results: Financial […]

US, Iraq Reaffirm Security Partnership

Acting US Secretary of Defense Patrick M. Shanahan met Iraqi Council of Representatives Speaker Mohammed al-Halbousi at the Pentagon on Wednesday to reaffirm the strategic security partnership between the U.S. and Iraq and the U.S. commitment to a sovereign, secure, and prosperous Iraq. The secretary extended his condolences to the speaker for the tragic ferry […]