By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A series of protests in the streets of Iraq has been going on since July 15. The protestors demand the improvement of services and the elimination of administrative and financial corruption prevailing in the […]
By Simon Kent. A delegation of Iraqi lawmakers, led by the Speaker of the Parliament, Mr Saleem Al Jabouri, visited London this week for talks with British business leaders and politicians. The group visited the House of Lords, the UK’s Upper House, and met Baroness Nicholson of Winterbourne, the UK Prime Minister’s Trade Envoy to […]
By Robert Tollast. Attending a great live music event is something many of us will share on Facebook-- well that's if you're the type who loves social media. Some go further and spend the entire concert trying to film it on their phone or live tweeting and talking loudly...but enough about those people. When the […]
By Robert Tollast. At least 23 people have been killed and 60 wounded in two separate suicide vest attacks in Baghdad, the BBC reports. The attacks took place in the early morning rush hour traffic and targeted checkpoints, normally an attempt to cause casualties in the backlog of traffic. Alternatively it could be a sign that there […]
By Simon Kent. The chairman of the Baghdad Provincial Investment Commission, Shaker al-Zamli, has committed to protecting Turkish commercial interests in Iraq following the ongoing Turkish hostage crisis. Early this month, 17 Turks and a Kurdish man were taken captive by a hitherto unheard of fringe Shi'a group. Two have subsequently been released, and the act has […]
By Simon Kent. Turkish oil and gas services company Ergil have announced the completion of a project with Petronas, to provide pipeline maintenance via "pigging" at the Gharraf oil field in Thi Qar province. Gharraf is operated by Petronas, Japex and North Oil Company, and the services Ergil provided installing "pig launchers" and "pig receivers" […]
Canada's SNC-Lavalin has announced the award of a contract to Kentz, a member of the SNC-Lavalin Group, by ExxonMobil, for a new oil processing facility to increase production at its West Qurna 1 oil field in Iraq. Kentz, with its regional partner, is providing the front-end engineering design (FEED), detailed design engineering, procurement, fabrication, construction, […]
The Iraqi Ministry of Planning has opened a new Procurement Help Desk to streamline the tendering process. Speaking at the opening of the facility, US ambassador Stuart E Jones (pictured) made the following statement: "Thank you for those excellent remarks and thank you for your support to the USAID and embassy teams that have been […]
By John Lee. Bloomberg quotes Iraqi Central Bank Governor Ali Mohsen Ismail (pictured) as saying that Iraq has enough foreign reserves to maintain its currency peg, but didn’t rule out a minor devaluation to shore up government revenue hurt by the slump in oil prices and the war on Islamic State militants. He said reserves […]
By John Lee. Genel Energy has announced that it signed a definitive sale and purchase agreement with OMV to acquire its 36% operated stake in the Bina Bawi field. Completion of the acquisition is subject only to government approval, which is expected shortly. The consideration comprises an upfront payment of $5 million. A contingent payment […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s government, society struggle with widespread bribery With shocking innocence, Ali al-Sultani from Babil, a city 100 kilometers (62 miles) south of Baghdad, told Al-Monitor what he does to have official documents dealt with […]
By Simon Kent. The Turkish government has confirmed that two hostages have been released by the group calling themselves the "Death Division," who kidnapped the workers in Baghdad early this month, along with 16 other hostages. The two men were said to be in good condition, confirmed by both Turkish and Iraqi authorities, who also […]
