By John Lee. Kuwait Energy has announced the signing of an Export Oil Sales Agreement for its Block 9 project in Iraq. The agreement, signed between a consortium led by Kuwait Energy plc and Iraq's State Oil Marketing Organization (SOMO) puts in place the mechanism by which Kuwait Energy will be paid for services in […]
By John Lee. Associated Press reports that Iraq's parliament has delayed a vote on Prime Minister Haider al-Abadi's new technocrat cabinet. The reduction from 21 cabinet ministers to 16 was met with opposition from Iraq's powerful political blocs, which rely on patronage systems to remain in power, with several nominees withdrawing. He left ministers of […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 20.11 million from the Kurdistan Regional Government for March crude oil deliveries to the export and local markets from the Tawke field under the payment arrangement announced earlier this year. The funds, to be shared pro-rata by DNO and partner Genel Energy […]
IBBC Women’s Group Roundtable: Judge Marilyn Mornington on Women in the Workplace The Iraq Britain Business Council (IBBC) Women’s Group held its first roundtable with District Judge Marilyn Mornington as the key note speaker. The event was held at G4S offices in Victoria on the 7th April and was attended by representatives of member universities […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted four […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 21 remittance companies took part in its currency auction on Tuesday. A total of $105,021,085 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $19.88 million from the Kurdistan Regional Government ('KRG') for oil sales during March 2016. Genel's share of the gross Taq Taq payment is $10.93 million. As agreed with the KRG, sales into the local market and deliveries to the […]
A senior Iranian oil official said the country has started pumping gas into a pipeline that the Islamic Republic plans to use for exports of natural gas to Iraq. “The pipeline is complete on the Iranian side and will be soon inaugurated by senior Iranian officials to start pumping gas into Iraq,” Managing Director of […]
US Secretary of State John Kerry announced that the United States is providing nearly $155 million in additional humanitarian assistance to displaced and conflict-affected Iraqis within Iraq and throughout the region who are in urgent need of support. This new funding brings total U.S. humanitarian assistance for the Iraq humanitarian response to more than $778 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Apr 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD837 (-0.1%) / $846 (+0.2%) (weekly change) (-23.2% and -26.2% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted […]
The Federal Republic of Germany has donated EUR 4 million to IOM Iraq to support its “Strengthening Community Policing in Iraq” project between March 2016 and December 2017. By supporting community policing in Iraq, IOM enhances overall efforts to advance democracy, human rights and the rule of law in Iraq in liberated areas. Community-policing models […]
