Kuwait Energy has announced the commencement of oil production from the Faihaa-3 well located in the Block 9 concession situated in the Basra Governorate. The Faihaa-3 well started commercial production on 12 February 2017 at 40/64 inch choke size and has stabilized at a gross daily rate of 5,200 barrels of oil per day (bopd). […]
The annual Iraq Petroleum Conference, now in its eleventh edition, is set to once again gather the leaders of Iraq’s Oil & Gas industry to discuss the major opportunities and strategies for the newly emerging energy landscape. Organised by energy events experts CWC Group and proudly working alongside the main government institutions in Iraq: the […]
Iraqi security forces have taken back Mosul International Airport in Iraq after a couple days of difficult fighting to liberate western Mosul from control of the Islamic State of Iraq and Syria, the commander of Combined Joint Task Force Operation Inherent Resolve said today. Speaking to Pentagon reporters via teleconference from Baghdad, Army Lt. Gen. […]
A total of 392 Iraqi civilians were killed and another 613 were injured in acts of terrorism, violence and armed conflict in Iraq in February 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in February (not including police) was 385, while the number […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Coalition military forces conducted 11 strikes consisting of […]
The Iraq Middle Market Development Fund (IMMDF) will provide two full year scholarships for students interested in and committed to development, finance, business and entrepreneurship at The American University of Iraq, Sulaimani (AUIS). The partnership agreement was signed at AUIS today in a ceremony attended by officials from IMMDF, AUIS faculty members and students, and […]
The Iraqi Red Crescent Society (IRCS) has installed water desalination stations for the displaced families in Qayarah and Erbil camps. The IRCS has reported, "the IRCS teams in Erbil center have installed water station (m40) with a capacity of 600 thousand liters to provide water for more than 40,000 displaced at Khazer and Hasan Al-Sham […]
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Despite tough talk, US unlikely to take on Iranian forces in Iraq US President Donald Trump and Iraqi Prime Minister Haider al-Abadi have spoken over the phone about the […]
The United Nations food relief agency today said it is extremely concerned about the humanitarian situation facing more than 750,000 people living in dire conditions in the western sections of Iraq's Mosul city, where fighting is taking place between the Government forces and Islamic State of Iraq and the Levant (ISIL/Da'esh) terrorists. “We are hearing […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The sinkhole that could be the largest mass grave in Iraq's latest conflict is barely visible from the road, nothing more than a small depression behind a desert ridge near Mosul. The Islamic State […]
By John Lee. Lukoil boss Vagit Alekperov (pictured) told reporters on Monday that investment in the West Qurna-2 oil field is estimated at $1.5 billion in 2017. He said the company has already been compensated for about $6 billion of historical costs, adding that he expects to negotiate a revised contract with Iraq with the […]
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has directed the Iraqi Oil Exploration Company (OEC) to start exploring Iraq's coastal waters for new oil and gas reserves. Addressing an OEC conference, the Minister also emphasised the need to focus on areas bordering neighbouring countries. Iraq recently declared an additional 10 billion barrels […]
