By John Lee. Iraq's Petroleum Contracts and Licensing Directorate (PCLD) has announced that seven international oil companies (IOCs) have been selected to bid for the development of its Nasiriya oilfield and refinery: Zarubezhneft, from Russia (Up and Downstream); CNPC, from China (Downstream); Brown Energy, from US (Downstream); Reliance Industries, from India (Up & Downstream); Lukoil, […]
By John Lee. Iranian deputy oil minister Javad Owji [Ouji, Oji] (pictured) says the country’s revenues from the planned export of natural gas to Iraq will reach $1.5-$2 million a day. According to a report from PressTV, he went on to say that Iran will start delivering gas to its western neighbour within three months. […]
Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, today launched non-stop service to the Iraqi Capital, Baghdad, from the carrier's main hub in Sharjah, UAE. The inaugural flight and delegation was marked by the attendance of Air Arabia Chairman, Sheikh Abdullah Bin Mohamed Al Thani, and Air […]
The U.S. Embassy Public Affairs Office introduced its innovative “Trace Effects” English language teaching tool to Iraqi educators during a March 9 seminar in downtown Baghdad. Trace Effects is a groundbreaking, 3-D, immersive video game designed by the Department of State for young English language learners. Trace Effects is offered free of charge, both online […]
Italy’s new ambassador to Iraq last week visited the Kurdistan Region for the first time and met President Masoud Barzani. He came with a delegation from SACE, Italy’s export credit and project finance agency. President Barzani and Ambassador Massimo Marroti, who arrived from Baghad, discussed bilateral relations and explored ways to further strengthen ties. Their […]
By John Lee. WesternZagros Resources has announced that it has entered into an investment agreement with Crest Energy International LLC, under which Crest will purchase, through a non-brokered private placement, 51,000,000 Common Shares in the Company at $1.25 per share for gross proceeds of $63.75 million. This price represents an approximate 25 percent premium to […]
By John Lee. Swedish telecom company Ericsson has been selected to expand the Iraqi Telecom and Post Company's (ITPC) wireline network with a transition to next generation network. According to a report from Trade Arabia, the partnership strengthens the five-year relationship between the companies and positions Ericsson as the sole supplier for ITPC’s core network. […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The controversial Iraqi Sunni politician Ahmed al-Alwani, who is president of the Economic Commission in the Iraqi parliament, ridiculed the notion that if Anbar province gains autonomy, its economy will be […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after the US-led invasion of Iraq, and despite USD 60 billion in taxpayer funds for development, the country is still unstable and according to Stuart Bowen, US Special Inspector General […]
In commemoration of International Women’s Day, the U.S. Embassy in Baghdad hosted a reception on March 10 to discuss challenges facing women and girls in Iraq and efforts of the U.S. and Iraqi governments and civil society to address these challenges and promote the status of women in Iraq. Iraqi government figures, civil society leaders, […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
Ten years after the US-led invasion that toppled the brutal regime of Saddam Hussein, Iraq remains enmeshed in a grim cycle of human rights abuses, including attacks on civilians, torture of detainees and unfair trials, said Amnesty International in a new report out today. A decade of abuses exposes a chronology of torture and other […]
