By John Lee. Russia's Gazprom Neft, the operator of the Badra oil field (pictured) in Iraq, has announced that first oil from the field is now being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra, on the Persian Gulf. Current deliveries from Badra to the pipeline stand at over […]
By John Lee. Mantid International has formed a joint venture with architecture and engineering consulting firms Laceco and Allen & Shariff Consortio International to provide full service consulting services to the Governorate of Babil. The MLA joint venture was awarded the contract for $10.6 million, renewable for four years. The team will be responsible for […]
By John Lee. Frontier Pitts, a British manufacturer of security gates and barriers, has recently completed the supply and installation of anti-terrorist security equipment at the Rumaila oilfield in Southern Iraq. The project consisted of 25 Terra Manual Barriers and 18 Terra Sliding Cantilevered Gates, which have been successfully impact tested in accordance with the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th August 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,516 (-0.4%)/ $1,638 (+0.5%) (weekly change) (-18.7% and -17.5% YTD change, respectively). The number of week traded shares […]
According to casualty figures released on Monday by UNAMI, a total of at least 1,420 Iraqis were killed and another 1,370 were injured in acts of terrorism and violence in August*. The number of civilians killed was 1,265 (including 77 civilian police), while the number of civilians injured was 1,198 (including 105 civilian police). A […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The US military has attacked Islamic State positions in the besieged northern Iraqi town of Amerli and airdropped humanitarian aid to civilians trapped there, the Pentagon has said. US aircraft delivered over a […]
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 $187,306,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Minister for the Middle East Tobias Ellwood (pictured) visited Iraq with the Secretary of State for International Development, Justine Greening, and the Government’s Security Envoy to the Kurdistan Region of Iraq, Lieutenant General Sir Simon Mayall, to promote political unity in the country and to urge the immediate formation of a representative government. The delegation […]
A comprehensive count carried out jointly by the Kurdistan Regional Government (KRG) and the United Nations indicates that some 850,000 Iraqis have been displaced and sought refuge in all three Kurdistan Region governorates since January 2014. According to the Kurdish Ministry of Planning and the International Organisation for Migration (IOM) the vast majority of the […]
By Shaida al-Ameen for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of Yazidi families currently face a dire humanitarian situation. They have been scattered in refugee camps, while the fate of hundreds of Yazidi girls who were kidnapped by the Islamic State (IS) remains unknown. […]
By John Lee. Afren have released their Half-yearly Results for the six months ended 30 June 2014 and an update on its operations year-to-date 2014, in accordance with the reporting requirements of the EU Transparency Directive. Below is a summary of their Iraq operations and general financial results. Information contained within this release is un-audited […]
By John Lee. Turkish officials close to their country's energy policy have announced that a total of 8 million barrels of oil have been exported via the Turkish port of Ceyhan. According to officials, while some buyers have been deterred by legal threats from Baghdad, the number of buyers is in fact increasing. The Kurds […]
