By John Lee. Russia’s Lukoil plans to offset the costs on Iraqi fields in August, company President Vagit Alekperov (pictured) told TASS on Friday. He added that Iraq is ready to start negotiations to improved contract terms. (Source: TASS)
By John Lee. The first deputy speaker of the Iraqi parliament has reportedly said that Iraq plans to sue Israel for monetary compensation for bombing the Osirak nuclear reactor in Baghdad in 1981. Homam Hamoudi called on the UN to implement Security Council Resolution 487 from 1981 which gives Iraq the right to ask 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. Abu Al Hawa market in Kut has been selling alternative remedies for around two centuries now. But as one historian points out, the place is about more than just self-medication. […]
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. As the clean up in Ramadi continues, locals and officials are applying for reconstruction aid. But there are problems already, with calls of foul and favouritism and a lack of […]
By John Lee. The chief executive of Russia's Tatneft has said the company is interested in projects in Iran and Iraq. Nail Maganov (pictured) was speaking to Reuters on Friday on the sidelines of the St Petersburg International Economic Forum (SPIEF). (Source: Reuters)
By John Lee. A British conman who sold fake bomb detectors to Iraq and other countries has been ordered to pay back nearly £8 million of his ill gotten gains, according to a report from the Daily Mail. James McCormick, who lived a life of luxury by ripping off customers, was jailed for 10 years […]
By John Lee. The European Commission has updated the EU Air Safety List, the list of airlines that do not meet international safety standards, and are therefore subject to an operating ban or operational restrictions within the European Union. Among the airlines still banned from EU skies are Iraqi Airways, due to safety concerns. EU […]
By John Lee. The US State Department has approved a possible Foreign Military Sale to the Government of Iraq for AC-208 sustainment, logistics, and spares support. The estimated cost is $181 million. The Government of Iraq has requested a possible sale of a five-year sustainment package for its AC/RC-208 fleet that includes: operational, intermediate, and […]
By John Lee. The First Deputy Chief Executive Officer of Russia's Gazprom Neft has said that the company plans to boost oil production at Iraq's Badra oil field from 65,000 barrels per day at present to 115,000 bpd "in the next year". Vadim Yakovlev told the St. Petersburg International Economic Forum (SPIEF) on Thursday that […]
UK Charity Chair questions speed of United Nations Yazidi genocide call The Chairman of the AMAR International Charitable Foundation, Baroness Nicholson of Winterbourne, has welcomed the United Nations’ report recognising ISIS/Daesh violence against Yazidis as Genocide – but has questioned why it has taken two years to reach its decision. “What has our watchdog on international […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi elite forces battle Islamic State group jihadists in their bastion of Fallujah, where an aid group says nearly four weeks of fighting have ensnared civilians in a humanitarian disaster.
UN Commission of Inquiry on Syria: ISIS is committing genocide against the Yazidis The so-called Islamic State of Iraq and Al-Sham (ISIS) is committing genocide against Yazidis, according to a report, “They Came to Destroy: ISIS Crimes Against the Yazidis”, issued today by the independent international Commission of Inquiry on the Syrian Arab Republic. The […]
