Archive | 2014

Audi Halts Exports to Iraq

By John Lee. German car maker Audi has said that supply of its cars to Iraq is "on hold". Jan-Hendrik Schmitt, Audi Middle East’s Sales Director, added that "Audi Middle East is working to support its dealer-partner during this difficult time and until the situation improves” . GulfNews reports that shipments meant for Iraq are […]

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Saudi Announces 900km Fence on Iraq Border

By John Lee. Al Jazeera reports that Saudi Arabia has unveiled a 900-km multi-layered fence along its border with Iraq. The project, which includes five layers of fencing equipped with watch towers, night-vision cameras and 50 radars is aimed at cutting the "number of infiltrators, drug, arms and cattle smugglers to zero". In 2009, Riyadh […]

First-Ever Survey of FGM in Northern Iraq

The Kurdistan Regional Government (KRG) High Council of Women’s Affairs (HCWA) together with UNICEF, Heartland Alliance International, and Wadi, and in collaboration with UN Women and UNFPA, released this week results of a first-ever ‘knowledge, attitudes and practices’ (KAP) survey on the root causes of female genital mutilation (FGM) in the Kurdistan Region of Iraq […]

Mobile Miracles - Educational Vision

Madeleine White is a capacity building specialist and Editor-in-Chief of nina-iraq.com In the last few weeks Nina has run three major interviews. We have spoken to Iraqi civil society leader and global Vital Voices winner Suaad Allami, women’s rights activist and MP Mayson Damaluji as well as Kurdish politician and business leader Parwen Babaker. All […]

Iraq Forms New Cabinet under Abadi

By John Lee. Iraq's parliament has approved a new cabinet proposed by Haider al-Abadi. According to a report from BBC News, the new government will have Sunni and Kurdish deputy prime ministers, Saleh al-Mutlak and former Foreign Minister Hoshyar Zebari respectively. Bahaa Araji, loyal to Shia cleric Moqtada Sadr, will also become a deputy PM. […]

The New Oil Production Targets

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The New Oil Production Targets, New Terms and Implications Most petroleum professionals, including myself, had expressed their serious doubt about the suitability, attainability and sustainability of oil production plateau targets for many […]

Genel Operations Return to Normal

By John Lee. Genel Energy has announced that, following a significant improvement in the security situation in the border region of the Kurdistan Region of Iraq ('KRI'), it has begun the process of returning staffing levels to normal. This follows the temporary and precautionary step of withdrawing non-essential personnel from non-producing assets. Genel said its […]

Threat to Haditha Dam 'Contained'

By John Lee. The Financial Times reports that US forces, Iraqi government troops and their militia allies say they have cleared Islamist militants threatening the crucial Haditha dam (pictured) in Anbar province, in Washington’s first attack in direct support of Baghdad since the launch of US operations a month ago. Baghdad has controlled the dam […]

Revised Production Target for Rumaila

By John Lee. BP has reportedly finalised its revised contract for Iraq's giant Rumaila oilfield, cutting the final production target from 2.85 million barrels per day (bpd) to 2.1 million bpd. According to Reuters, officials from BP and Iraq's oil ministry signed the amendment to the existing contract in a closed-door meeting at Rumaila on […]

Halfaya Oil Targets Reduced

By John Lee. The Missan Oil Company has announced an agreement with the China National Petroleum Corporation (CNPC) to reduce the final production target for the Halfaya oilfield from 535.000 barrels per day (bpd) to 400.000 bpd. As a result, production will be extended from 20 years to 30 years. CNPC has a 37.5 percent […]

Video: President Maps the Road Forward

From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Christiane Amanpour speaks with Iraqi President Fuad Masum [Fouad Massoum].

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Fmr US Ambassador Suspected of Money Laundering

By John Lee. Bloomberg reports that A US probe into alleged money laundering by former Ambassador to Iraq, Zalmay Khalilzad (pictured), has led Austrian authorities to freeze a Vienna bank account linked to him. Khalilzad allegedly transferred $1.4 million to a bank account owned by his wife, Cheryl Benard, in Vienna. According to reports, the money […]