U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Iraq, 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 Iraq Rocket artillery, attack, fighter and […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Shia cleric Muqtada al Sadr is putting pressure on Prime Minister Haider al-Abadi to carry out reforms to fight corruption. Sadr has managed to rally a huge number of angry Iraqi protesters […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 19 remittance companies took part in its currency auction on Sunday. A total of $77,067,600 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. In a new report published for the Al-Bayan Center for Planning and Studies, Dr Michael Knights, Lafer Fellow at the Washington Institute for Near East Policy, argues that those who say that there is no longer any such thing as the Iraqi security forces (ISF) are fully aware the line they are […]
Humanitarian partners race to reach people fleeing Heet and areas west of Ramadi Humanitarian partners are rushing to provide emergency assistance to an estimated 35,000 people who have been newly displaced in hard-to-reach areas west of Ramadi. Lise Grande (pictured), the UN’s Humanitarian Coordinator said, “Thousands of people who have been trapped in Heet for […]
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. Ain’t Nothing Going On But The Rent: How ISIS Rigs Mosul’s Money Markets In Their Favour In Mosul, there are no official banks anymore.So the Islamic State makes the rules: […]
By Omar Sattar, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With Prime Minister Haider al-Abadi thought to be working on reforms that include the formation of a technocratic Cabinet, the issue of proxy appointments is back in the spotlight. For more than a […]
WesternZagros Resources has announced that the transition of operatorship of the Garmian Block in the Kurdistan Region of Iraq ("KRI") from WesternZagros to Gazprom Neft Middle East B.V. was completed effective February 29, 2016. The agreement does not involve any change of working interest in the production license. This transition was made pursuant to the […]
WesternZagros Resources announced today its operating and financial results for the fourth quarter and year ended December 31, 2015. All amounts set out in this press release are in US dollars unless otherwise stated. Commenting on the year end and subsequent events, WesternZagros's Chief Executive Officer, Simon Hatfield (pictured) said: "In 2015, we were pleased […]
DNO ASA, the Norwegian oil and gas operator, today released its 2015 Annual Report and Accounts together with its 2015 Annual Statement of Reserves. The company reported record levels of operated production in 2015, driven by strong performance in the Kurdistan region of Iraq, though the company's financial results were impacted by the sharp drop […]
Genel Energy has announcing a reverse tender offer to holders of Genel Energy Finance plc's USD 730 million GENEL01 PRO senior unsecured callable bonds (ISIN NO0010710882). The Company intends to offer one repurchase price at which all relevant Bonds are to be repurchased. The Repurchase Price will be determined through a reverse book-building ("Dutch auction"). […]
By John Lee. Iraq Oil Report, citing Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi], says Baghdad has stopped oil exports through the Kurdish region, to put pressure the Kurdistan Regional Government to resume talks about sharing oil revenues. Sources confirmed to Reuters that the state-run North Oil Company (NOC) has stopped pumping oil […]
