Archive | 2016

KRG Announces Increased Oil Production in Sept

The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for September 2016. During the month it exported 564.8k bpd from the Turkish port of Ceyhan, significantly up from the previous month’s figure, at an average price of $36.10 per barrel, bringing in revenue of $612 million. Please click here to view […]

New Museum Opens First Gallery in Basra

A new museum celebrating the rich cultural heritage of southern Iraq has opened its first gallery at a ceremony in Basrah. The gallery, which displays artefacts from the Hellenistic period (c. 300 BC) through to the present, represents the first major milestone in an eight-year project involving the Iraq Ministry of Culture, the State Board […]

Results-Based Management in Govt Planning

Efforts continue to mainstream Results-Based Management fundamentals into government planning and monitoring Within the framework of the United Nations Development Programme (UNDP) support to Iraq’s Government Programme (2014-2018), the sixth round of capacity development workshops was conducted in Erbil over the period of 24 September to 4 October 2016. The objective is to enhance the […]

Military Strikes Hit ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter and remotely […]

Currency Auction Results, 6th Oct

By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 14 remittance companies took part in its currency auction on Thursday. A total of $135,754,750 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)

Mosul’s Liberation From ISIL ‘Inevitable’

The liberation of Mosul, Iraq, from the control of the Islamic State of Iraq and the Levant fighters is inevitable, Canadian Armed Forces Brig. Gen. Dave J. Anderson of Combined Joint Task Force - Operation Inherent Resolve told Pentagon reporters here today. Speaking via teleconference from Baghdad, OIR’s director of partner force development and the […]

Counter-ISIL Strikes Target Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Wednesday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]

South Oil Company takes over Oxy's stake in Zubair

By John Lee. The South Oil Company (SOC) has officially taken over the stake in the Zubair oil field formerly held by US-based Occidental Petroleum, which has withdrawn from the project. Repressentatives of Italy's Eni and the Korea Gas Corporation (KOGAS) signed the agreement along with the Ministry of Oil. Mr. Laith Al-Shaher, the director general […]

Iraqi Foreign Reserves Fall to $50bn

By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali al-Alak, has reportedly said that Iraq's foreign reserves have dropped to $50 billion. According to a report from Reuters, this is down from $59 billion at the end of October 2015. Prime Minister Haider al-Abadi has announced plans to narrow the public […]

Iran Favours Visa-Free Regime with Iraq

An Iranian deputy foreign minister expressed Tehran’s willingness to ease visa requirements for incoming tourists from Iraq if Baghdad’s government would agree to do so for Iranians traveling to the Arab country. “I have announced in my latest consular trip (to Iraq) that we are willing to remove the visa requirements or take any measure […]

IOM, Italy Support Stabilization in Diyala

The Italian Ministry of Foreign Affairs and International Cooperation has provided funding for IOM to implement a project to contribute to stabilization of conflict-affected communities in Diyala governorate, Iraq. The one-year project aims to foster social cohesion, reduce tensions between local communities and displaced Iraqis and returnees, and support the role of women in peace […]

Military Strikes Continue Against ISIL Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported on Tuesday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]