By John Lee. Iraqi power stations are using nearly 60 million liters of fuel per day, according to a report from Azzaman. The Oil Ministry issued the statistics in response to complaints by the Ministry of Electricity, which has repeatedly blamed lack of fuel for power shortages. Last month Iraq signed a multi-billion deal with […]
By John Lee. Shares in Irish-based explorer Petrel Resources were up as much as 20 percent in early trading on Wednesday following the announcement that the company has agreed to acquire a 20 percent shareholding in Amira Hydrocarbons Wasit B.V. ("Amira"), which is the holder of a 25 per cent carried interest in certain oil […]
By John Lee. Foreign Minister Hoshyar Zebari will meet with Secretary of State John Kerry on Thursday; the Daily Beast speculates that among his top requests will be for the White House to overcome objections in Congress to selling his country advanced Apache helicopters the Iraqis say they need to fight terrorists within their borders. […]
By John Lee. Iraq's Ministry of Oil has announced that the long-awaited start of production at the Gharraf [Garraf] oilfield is now scheduled for the end of August. Initial output is expected to be 35,000 barrels per day (bpd). The company previously had a plan to start operations by September of last year, and were […]
By John Lee. Iraqi Airways is due to receive its first new Boeing 737-800 (pictured) this week, according to KUNA. It will the first of a total of 30 aircraft to be received between now andl 2017, and includes 12 first class seats and 150 economy seats. Iraq signed the deal for the aircraft in […]
From Reuters. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A crowded cafe, a school and a playground are among the targets of a new wave of attacks in Iraq. Paul Chapman reports:
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. Lack of a working property registration office in Mosul means fraudsters are taking advantage of legal loopholes to sell buildings and land out from under unwitting, […]
The United Nations is marking International Youth Day with an urgent call on the Government of Iraq to protect and empower young people, as a worsening security situation and limited employment prospects drive youth to seek a life outside the country. “The global theme for International Youth Day in 2013 is ‘migration’,” explained Gyorgy Busztin, […]
By Laith Hammoudi of IWPR. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Jasim Mohammed is sick and tired of the current political set-up in Iraq, and is not sure whether he will even bother to vote in next year’s parliamentary election. “I will participate in […]
Sri Lanka's Ambassador to Iraq, Mr Amaralal Sumith Nakandala, last Wednesday met with the Kurdistan Regional Government's Head of Foreign Relations to discuss ways of establishing relations between the Kurdistan Region and Sri Lanka. Ambassador Nakandala's visit is the first by a Sri Lankan diplomat to the Kurdistan Region and follows the re-opening of the […]
By Harith Hasan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Last month, demonstrators in the southern Iraqi cities of Nassiriya and Basra organized nightly rallies to protest the government’s failure to provide enough electricity for households during the notoriously hot summer. With temperatures exceeding 113 degrees Fahrenheit during July […]
By John Lee. Reuters reports that a bomb attack stopped oil flows through the pipeline from Kirkuk to the Turkish port of Ceyhan (pictured) early on Tuesday. Iraqi oil officials said the stoppage started at around 0230 GMT (10:30 p.m. Tuesday EDT). The pipeline has been repeatedly attacked by militants and has also suffered technical […]
