By John Lee. Shares in Genel Energy fell by more than 40 percent on Monday after the firm announced a 75 percent reduction in proven and probable (2P) reserves for its Taq Taq field, in which it has a 44 percent working interest. According to a statement from the company: The results of this internal […]
Mr. Abdul Mahdy Al-Ameedi, the Director General of Petroleum Contracts and Licensing Directorate (PCLD), delivered a presentation to the Iraqi parliament on 13th December 2015 on the subject of Iraq's oil service contracts and bidding rounds. The presentation (in Arabic) provides an excellent comparison between the Ministry’s Service Contracts and Production Sharing Contracts of the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD934 (-2.7%) / $958 (-3.5%) (weekly change) (-14.4% and -16.4% YTD change, respectively). The number of week traded […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Roadside bombs near Iraq's capital kill at least 70 while military comes under assault in Abu Ghraib and near Fallujah. Rob Matheson reports:
By John Lee. The Tukish Ministry of Energy and Natural Resources has said its security forces defused a bomb on Saturday on the oil pipelines between Iraqi Kurdistan and Ceyhan port in Turkey. The ministry claimed that the Kurdistan Workers’ Party (PKK) was behind the attempted attack. (Source: BasNews) (Sabotage image via Shutterstock)
By John Lee. Tasnim News Agency reports that Iranian President Hassan Rouhani is scheduled to pay visits to Pakistan, Iraq and Austria in the coming weeks. President Rouhani is scheduled to visit Islamabad first, before heading to Baghdad and Vienna. (Source: Tasnim News Agency)
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and 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 Syria Attack, fighter and […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 20 remittance companies took part in its currency auction on Monday. A total of $110,701,200 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Ministry of Natural Resources announces a collection of five reports covering oil production, export consumption, revenue and expenditure from 2007-2015. Some of the reports have been published individually before, or were given to KRG officials or Parliament, but for completeness they are published together here. The reports are as follows, please click the links […]
The International Organization for Migration (IOM) Iraq Displacement Tracking Matrix (DTM) published yesterday, identified 3,320,844 internally displaced Iraqis (553,474 families), from 1 January 2014 through 4 February 2016. Considering the available information and the DTM methodology, the UN Humanitarian Country Team maintains the humanitarian response planning figures at 3.3 million internally displaced persons (IDPs). Three […]
By Omar al-Jaffal, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Chaldean Catholic Patriarch of Babylon Louis Sako boycotted the National Conference on the Protection of Peaceful Coexistence, the Ban of Hatred and the Fight against Terrorism and Extremism held in the Iraqi parliament Feb. […]
By Mustafa Saadoun, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Plunging oil prices are now affecting ordinary civil servants’ salaries in Iraq. Al-Monitor met with an employee of the Ministry of Culture who, on condition of anonymity, shared his plan of submitting a […]
