The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov (pictured) held meetings on Sunday with the Kurdistan Region of Iraq’s Parliament. The meeting focused on the continuous cooperation between the KR-I and the central government, as well as on the current humanitarian burden on the KR-I. He received a copy […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A triple suicide attack tore through a Kurdish compound in eastern Iraq, killing at least 29 members of the security forces and wounding 88, according to hospital and security officials. A roadside bomb […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Monday. A total of $ 197,614,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Platts reports that Iraq has banned three oil tankers from loading at its oil terminals. in response to direct exports of crude by the Kurdistan Regional Government over the objections of Baghdad, shipping market sources said Friday. The United Carrier (pictured), the United Dynamic and the Nautilus have previously transported crude on […]
By John Lee. Iran Khodro (IKCO) has reportedly announced its intention to increase production at its Iraq plant from 50 cars a day to 100. The plant, in the central Iraqi city of Iskandariya, is IKCO’s largest car plant outside Iran. According to a report from Just Auto, a drop in transportation fees and a […]
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. A Committee For Reconstruction – The Cure For Iraq’s Economic Woes? Thanks to security problems, political bickering and a lack of vision, there are thousands of development and construction projects […]
The KRG Ministry of Planning and the United Nations have finalised an immediate response plan for Iraqi IDPs sheltered in the Kurdistan Region, including clear objectives to be met by 15 November 2014. The joint document states: "This massive influx of people in a short period has created a grave humanitarian crisis and is pushing […]
By John Lee. Petrofac has also been awarded a major contract in Iraq to provide general construction management services to BP Iraq NV (BP) on the Rumaila field near Basra. Petrofac will provide management and personnel to manage brownfield modifications to assist BP – and its partners in the Rumaila Operations Organisation (ROO), China National […]
By John Lee. Iran’s oil minister, Bijan Namdar Zanganeh (pictured), has said that Iran is actively working in all the oil fields it shares with Iraq, and will extract its entire share of oil in these joint fields. The was speaking during a visit to Cheshme Khosh Oil Company in Dehloran, near the Iraqi border. […]
By John Lee. In its Drilling and Production Update issued today (Friday), Dragon Oil has said that it plans more detailed testing at its Mishrif site: "On 10 September 2014, the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) reported its first oil discovery at Block 9, Iraq. "The successful discovery […]
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. Money-Making Plots: Extremists Now In Real Estate Business In Mosul The Sunni Muslim extremist group that has taken over the northern city of Mosul has a new source of income: […]
By John Lee. A tanker carrying crude oil from Iraqi Kurdistan is finally believed to have been unloaded. The United Leadership had been sitting off the Moroccan coast for more than three months, but Reuters reports that at the end of September it sailed away and appears to have been lightered somewhere in the Mediterranean. […]
