By John Lee. The Turkish Energy Market Regulatory Authority (EPDK) has approved the applications of two Turkish companies, Aksa and Kartet, to export electricity to Iraq. The two companies will have the "equal rights" to export power to the Mosul region of Iraq, using the existing 154 kilovolt (kV) PS3-Zakho power transmission line. They will […]
By John Lee. Japan has offered a loans of about 120 billion yen ($1.24 billion) to Iraq to build a new refinery and rebuild a port. Nikkei reports that Japan will initially lend 82.7 billion yen to build a refinery to extract natural gas liquids at the Rumaila oil field, while a second loan of […]
In a technical workshop held this week, the Government of Iraq and the UN World Food Programme (WFP) will discuss the potential introduction of electronic food vouchers in the Iraqi Public Distribution System (PDS). They will be joined by financial payments experts from MasterCard, the leading global technology and payments company, which, under a global […]
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW In a week peppered with violence Iraqis continue to bear the brunt of heightened sectarian tensions and increased insurgent bombings as the country’s political elite continue to procrastinate and find little way forward. Bombing and fighting across the northern and central belts throughout the reporting has left […]
By John Lee. Northrop Grumman has reportedly won contracts worth $115 million to provide AN/APG-68 (V)9 radar systems (pictured) for Iraq and the Royal Thai Air Force. Twenty-two of the 38 systems, an upgrade targeting system for F-16 fighter jets, are destined for Iraq. Capital Gazette reports that the contract was awarded by the Air Force […]
BIOGH has announced that the Masterplan for the Basra International Oil and Gas Free Zone has been formally approved by the Consulting Bureau of the College of Engineering at the University of Basra, and by the Iraq General Commission for Free Zones. This planning approvals milestone represents an ongoing successful collaboration, notably with the efforts […]
Conserving the priceless manuscripts of Najaf: Protecting the history of civilization International and Iraqi experts, historians, and members of the world's intellectual society turn to Iraq as UNESCO and the Ministry of Culture launch a pioneering programme to conserve the priceless books and manuscripts of the city of Najaf, a main centre of Islamic and […]
By Waheed Ghanim. 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. As levels of violence rise in Iraq again and the conflict takes on a sectarian appearance, locals are saying that extremist group, Al Qaeda, are taking […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After three years of negotiations on the law regarding the right to information in the Kurdistan Region of Iraq, the ruling bloc, comprised of the Kurdistan Democratic Party (KDP) and […]
By John Lee. DNO International announced today that its deep Tawke-17 well tested 1,500 barrels a day of 26-28 degree API crude oil from an Upper Jurassic reservoir underlying the Tawke field in the Kurdistan Region of Iraq. Separately, the Tawke-20 well, the Company's first horizontal well in the Tawke field, has flowed an average […]
By John Lee. At today's AGM of Afren, which has operations (pictured) at Barda Rash in Kurdistan, the Chairman Egbert Imomoh opened the meeting with the following statement: Our vision to be the leading independent upstream Exploration and Production (E&P) Company in each of the areas we operate is underpinned by a clear and consistent […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's prime minister has made a rare visit to the country's self-ruled northern Kurdish region in an attempt to mend ties between the Kurds and the central government in Baghdad. Nouri al-Maliki on […]
