By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW The tempo of violence this week off dropped considerably fewer high impact attacks and shootings taking place. There has however remained a daily churn of low level shootings and assassinations that remains commonplace in everyday Iraq. The main interest points from the reporting period have in fact come […]
This week's bomb attack on the freight port of Umm Qasr was something new, but it appears to be an extension of the terrorist strategy of targeting Iraq's commercial infrastructure. Seen in the context of the growing number of attacks on northern pipelines – at least 37 attacks in the past 2 months alone – […]
DNO International today announced second quarter 2013 net profit of NOK 280 million on operating revenue of NOK 764 million. Production climbed by nearly a third to 38,720 barrels of oil equivalent per day (boepd) on a company working interest basis from 29,061 boepd in the first quarter of 2013 and 23,234 boepd a year […]
Iraq’s oil exports to Turkey were halted again on Wednesday, this time by bomb attacks targeting the oil pipeline north of Baghdad. Reuters' sources say one attack took place at around 0100 local time near Hadhar in Nineveh Province, 80 km south of Mosul, with another section of the line also attacked near Fatha, between […]
By John Lee. UK-based bank Standard Chartered is counting on the assistance of the British government to help it to open branches in Iraq by the end of the year, according to a report from The National. The newspaper says the company plans to open three branches in the next eighteen months, to tap into […]
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. The truck bomb that exploded on Aug. 17 at dock No. 17 of the Iraqi port of Umm Qasr located on the Arabian Gulf surprised Iraqi political and security circles. Although […]
The Kurdistan Regional Government Ministry of Natural Resources and Erbil Governorate authorities have introduced new regulations on the sale of petrol from private fuel stations in Erbil Governorate, Kurdistan Region. This move will benefit consumers, introduce a uniform standard of petrol quality in Erbil, and will help to protect Kurdistan’s environment. Effective 25 August, 2013, […]
The new German Consul General in Erbil, Mr Alfred Simms-Protz, met with Minister Falah Mustafa as part of his introductory and courtesy calls on senior KRG officials. Mr. Simms-Protz previously served as Head of Diplomatic Security at the German Foreign Office in Berlin. Speaking about the growing relationship with Germany, Minister Mustafa said: I hope […]
By John Lee. Iraq generated 6.9 percent more revenue from crude sales in July, compared with the previous month, according to the Oil Ministry. Bloomberg reports that it earned $7.27 billion from the export of 2.32 million bpd of crude in July, versus $6.8 billion from 2.33 million bpd in June. 66.4 million barrels were […]
By John Lee. According to a report from Tehran Times, Iran will double output at the Yadavaran oilfield, which straddles the border with Iraq, to 50,000 bpd by the Iranian calendar month of Dey (beginning 22nd December). Production started in February 2012 and the oilfield is currently producing 25,000 bpd of crude oil, but 55 […]
Vulnerable groups in southern Iraq will soon be able to access free legal services directly from the Basrah Justice Palace. “By establishing a legal help desk directly inside the Basrah Justice Palace, we are minimising the time and money spent by vulnerable groups to seek legal assistance,” said Rini Reza, chief of the UN Development […]
Minister Falah Mustafa received Mr Sarbast Mustafa, Head of the Independent High Electoral Commission of Iraq (IHEC), and Mr Sokol Kondi, Head of UNAMI in Erbil today to discuss preparations for the upcoming elections. Kurdistan Region is due to hold parliamentary and provincial elections this year in September and November respectively. The meeting comes as […]
