By John Lee. As part of an effort to continue to develop and expand oil production in Northern Iraq, the Minister for Oil Abdul Kareem Luaibi [Elaibi] (pictured) has announced that the ministry is accelerating development at the Hamrin (Himreen) field. This is despite an increased security risk in the area around the field's infrastructure, […]
By John Lee. Intensive competition to supply China's oil demand has combined with slowing demand for oil globally, and this is putting downward pressure on oil prices in 2014, Reuters reports. Iraq and Russia have positioned themselves to be long term suppliers of the Asian giant, squeezing out African and Latin American producers trying to improve […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Oct. 20, 2010, the United Nations declared the first week of February the annual Interfaith Harmony Week. That decision came after a series of UN attempts to promote peace and harmony between different cultures and […]
By Constellis Consulting www.constellis-consulting.com Amid sustained levels of violence, this week was dominated by Muqtada al-Sadr’s withdrawal from politics. The announcement, made on 15 February, comes only two months before parliamentary elections for which Sadr was considered a serious candidate for the office of Prime Minister. While reasons behind his decision remain speculative, Sadr has […]
Leicester University from UK has launched a new Natural Resources Research Centre, bringing together researchers from Leicester and Soran University in the Kurdistan region of Iraq. The new Centre, located in the Zagros Mountains – the largest mountain range in Iran and Iraq – will focus on research in the fields of sustainability, crop production […]
A closed-loop vehicle washing system designed for semi-permanent installations is being installed in the United States Embassy to Iraq in Baghdad. Launched by Riveer, a provider in engineered wash-water recovery systems, CamelRack filters and recycles wash-water for indefinite periods of time without intervention, separating dirt and oils, while freshening the water for reuse by injecting […]
The Head of the Department of Foreign Relations, Minister Falah Mustafa, welcomed a Latvian delegation headed by a senior official from the their Ministry of Foreign Affairs, Mr. Rudolfs Bremanis, to the Kurdistan Region. The delegation is visiting Kurdistan to view potential investment and business opportunities and to pave the way for strengthening relations. Mr. […]
On February 16, The Japan International Cooperation Agency (JICA) concluded a Japanese ODA loan agreement with the Republic of Iraq to provide a loan of up to 39.118 billion yen for the Port Sector Rehabilitation Project (Phase II), at the Ministry of Finance, Baghdad. This is the 20th loan agreement under the Japanese ODA loan […]
Jordan and Iraq began a coordination meeting with international companies interested in constructing an oil pipeline between the Iraqi city of Basra and the port city of Aqaba in Jordan. Work on the project will begin soon, and once completed, it will be used to export crude Iraqi oil through the Aqaba port. The final […]
An Oil Ministry spokesman has said that the ministry "will not put time limit for the Angolan oil company [Sonangol] in developing Najma and Qayara oilfields, due to the security obstacles facing it in these areas". According to the report from Aswat Al Iraq, the company suffered terrorist attacks on its personnel and sites, so […]
The Head of the Embassy Office of the Czech Republic, Dr. Jaroslav Reif visited the KRG's Department of Foreign Relations on Monday to meet with the Head of the Department, Minister Falah Mustafa and the Assistant Head, Siham Jabali to discuss his new role and ways to strengthen mutual relations. Dr. Reif is the first […]
#wearethepeople has been tweeted more than four million times in the past three weeks. It looks like an anti-government protest, but who’s really behind it? The Trending team investigates how financial ‘gurus’ are using the hashtag to encourage people to buy Iraqi dinar. Click here to listen to the report from BBC. (Source: BBC) (Iraqi […]
