Archive | 2nd June 2013

Eni to Cut Zubair Output Target

By John Lee. Eni has reportedly reached agreement with the Iraqi Ministry of Oil to cut the final production target at Zubair oil field to 850,000 bpd. Iraqi Oil Minister Abdul Kareem Luaiby [Elaibi] told reporters that he has agreed to the drop from the original target of 1.25 million bpd, and that Eni has […]

US Man Pleads Guilty to Illegal Dinar Sales

By John Lee. An American man has pleaded guilty to operating an illegal business selling Iraqi dinar. ArgusLeader reports that 60-year-old David Olmsted, also known as Dale Cooper Jr., received daily Federal Express packages with shrink-wrapped piles of dinar bills that had been smuggled out of Iraq and into Jordan. The man, from South Dakota, was […]

My Voice Counts: Iraq, the Cradle of Civilisation

Iraq conjures up many enduring cultural images: the great lions of Babylon, the Ishtar Gate (pictured), and the superb spiral mosque of Samarra are some of the most renowned. These vast archaeological riches, spanning centuries of civilization, are part of the national heritage that is shared by all Iraqis – and part of the patrimony […]

Video: Learning from Iraq – a New Model for Reconstruction

The Middle East Institute is pleased to welcome Stuart Bowen, the Special Inspector General for Iraq Reconstruction (SIGIR), to discuss his proposals for how best to conduct Stability and Reconstruction Operations. Stability and Reconstruction Operations, or (SROs), entail governmental efforts to rebuild crucial infrastructure, implement rule of law, and ensure security in developing countries before, […]

Black Skies over Qayara: Oil Fire Poisons Locals

By Abdullah Salem. 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. After extremists set off bombs on Iraq’s most dangerous oil field, the resulting fire burned for a month. The result: toxic smoke, two deaths, accusations, environmental […]