By John Lee. Iraq's oil ministry said on Monday that exports rose slightly in January to an average of 3.285 million barrels per day (bpd), up from 3.216 million bpd in December. Production from the southern oilfields averaged 3.9 million bpd, down from a record high of 4.13 millon bpd the previous month. All of […]
The United Nations has appealed for $861 million to help Iraq meet a big funding gap in its 2016 emergency response to the humanitarian crisis: At a joint launch today in Baghdad, the Government of Iraq and the United Nations called for international help to respond to the growing humanitarian crisis in Iraq. Ten million […]
Mayor of Tikrit: With the help of UNDP, people have reestablished essential services for our community The Mayor of Tikrit, Omar Tariq Ismail, says he is proud of the progress his city has made in the past seven months following liberation from the control of the Islamic State of Iraq and the Levant (ISIL). “With […]
A total of 849 Iraqis were killed and another 1,450 were injured in acts of terrorism, violence and armed conflict in Iraq in January 2016*, according to casualty figures released today by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in January was 490 (including 24 federal police, Sahwa civil […]
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 Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were up 28 percent on the London market this morning, after the Kurdistan Regional Government's Ministry of Natural Resources clarified its export payment plan for foreign oil companies. Other companies with exposure to Iraqi Kurdistan, includingn Genel Energy and DNO, also saw their shares rise significantly. […]
By John Lee. The China Petroleum Pipeline (CPP) and private company Mass Global have reportedly formed a consortium to build an $18-billion export pipeline from Basra to the Jordanian Red-Sea port of Aqaba (pictured). Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] told Reuters: “The two companies will submit their investment offer to the oil […]
By John Lee. Iraq's Oil Ministry is preparing a draft law to revive the National Oil Company (NOC), which was set up in the 1960s but merged into the Oil Ministry in 1987. Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] (pictured) told Reuters the move would be “vital for the development of the energy sector” […]
By John Lee. An explosion on Friday has damaged a section of the pipeline that supplies gas for about half of the electricity generation in Iraqi Kurdistan. The KRG's Interior Ministry said an investigation was underway to find the cause of the explosion near the district of Shwan. The pipeline feeds gas from the Khor […]
By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] (pictured) has said Iraq was willing to accept a decision by OPEC and non-OPEC members to cut crude production. Reuters quotes the Minister as saying: “Iraq will agree and cooperate if producers really want to cooperate to cut.” (Sources: Reuters, Shafaaq)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th Jan 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD925 (-2.1%) / $960 (-1.3%) (weekly change) (-15.2% and -16.2% YTD change, respectively). The number of week traded […]
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 […]
