The Kurdistan Regional Government (KRG) today publishes the monthly crude oil export report for April 2016. The report details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; and the revenues received on account by the KRG during the month. The Kurdistan Regional Government […]
WesternZagros Resources has announced the resumption of crude oil production and sales from the Sarqala-1 well in the Kurdistan Region of Iraq. Sales are to be in accordance with the payment mechanism for crude oil sales announced by the Ministry of Natural Resources of the Kurdistan Regional Government on February 1, 2016 based on the […]
By John Lee. The Missan Oil Company (MOC) has announced for the successful drilling of 5 new wells at the Halfaya oil field, which is being developed by Petrochina. Mr. Adnan Noshi, director general of the company, confirmed that the Bohai and Daiken companies have recently finished the drilling of wells 13, 23, 57, 61 […]
By John Lee. The United Nations has advertised several new positions in Iraq: Shelter Specialist (Norwegian Refugee Council, NRC) Finance Coordinator (Norwegian Refugee Council, NRC) Gender Based Violence Coordinator (Norwegian Refugee Council, NRC) Rapid Response Technical Coordinator (Norwegian Refugee Council, NRC) Senior Procurement Officer (Danish Refugee Council, DRC) Finance Assistant (Danish Refugee Council, DRC) (Source: UN) (Recruitment image […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter aircraft conducted […]
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. Samira Ayyash and her family are refusing to return to Ramadi in Anbar province after having fled to the Iraqi capital, Baghdad. Ayyash fears that she and her two sons and daughter could fall […]
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. Baghdad’s Border Badlands: Why The Iraqi Capital Can Never Truly Be Secure The outskirts of Baghdad are very dangerous these days. Islamic State fighters hide here, mounting attacks on the […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 22 remittance companies took part in its currency auction on Thursday. A total of $104,668,417 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
At the Iraq Britain Business Council (IBBC)'s Spring Conference in London last week, there was a general feeling that the downturn in oil prices is temporary, and that Iraq's finances will rebound in due course. Referring to the long-term trend in oil prices, Vikas Handa of Weir Group was adamant that "there is only one […]
By John Lee. Shares in DNO, the Norwegian oil and gas operator, closed up more than 10 percent on Wednesday as the company announced the startup of an active drilling program at its flagship Tawke field in the Kurdistan region of Iraq. The company said it will boost investments on the back of seven consecutive […]
By John Lee. Indian Ambassador to Iraq, Mr. George Raju yesterday visited the KRG Department of Foreign Relations to discuss the opening of Indian consulate general in Erbil. Ambassador Raju announced the decision of the government of India to open its consulate general in Erbil, capital of Kurdistan Region. He said that India realizes the […]
By John Lee. Kirintec, a UK-based supplier of tactical equipment for anti-terror solutions in the security and defence industry, has announced that it is sponsoring the Ur Region Archaeological Project in Iraq, led by Dr Jane Moon. Founder and Managing Director Roy Peers-Smith commented: "We feel privileged to share the story so far and wait […]
