Archive | 2017

Military Strikes Continue Against Terrorists

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria 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 and fighter aircraft conducted 15 strikes consisting of 19 […]

Mosul Demining: $50m Required

A program to remove unexploded ordnance (UXO) and explosive remnants of war (ERW) in and around the city of Mosul could cost $50 million, UN officials have said. The UN Mine Action Service (UNMAS) had previously estimated costs for Iraq as a whole at $50 million this year, but said this could double because of […]

Iran chooses Quds Force stalwart as Ambassador to Iraq

By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran has reportedly appointed Brig. Gen. Iraj Masjedi as its new ambassador to Baghdad, replacing Hassan Dana’i Fer, according to Iranian media reports on Jan. 15. Masjedi is a prominent leader of the Islamic Revolutionary […]

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PMUs Threaten to Target Americans in Response to Travel Ban

By Hassan al-Shanoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Armed Iraqi factions threaten to target Americans in response to travel ban US President Donald Trump's Jan. 27 executive order to ban nationals of Iraq and six other Muslim-majority countries […]

Details of Latest Strikes in Syria, Iraq

U.S. and coalition military forces continued to attack Islamic State of Iraq and Syria terrorists yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and fighter aircraft conducted 17 strikes in […]

3 Killed in blast at Bai Hassan Oilfield

By John Lee. At least three people have been killed while seven others were injured when an oil tank exploded at the Bai Hassan oilfield on Monday. A spokesman for the North Oil Company (NOC) said the blast occurred during a welding operation. (Source: TBP)

IOM Iraq Publishes Community Stabilization Handbook

IOM Iraq’s Community Stabilization Handbook, published last week, provides an overview of the situation in 15 Iraqi governorates, including 51 communities, and of the achievements of IOM’s Transition and Recovery initiatives in Iraq. More than 3 million Iraqis are currently displaced by the crisis, which began in January 2014. The presence of displaced persons places additional pressure on […]

Video: Residents fear return to Sinjar

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL may have been driven out of the northern Iraqi town of Sinjar, but most of its people are afraid to return home. Kurdish forces now in charge say they are still discovering […]

Genel Energy Updates on Miran and Bina Bawi Fields

Genel Energy has announced that it has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts ('PSC's) and Gas Lifting Agreements ('GLA's) for both the Miran and Bina Bawi gas fields. The Amended and Restated PSCs and GLAs for Miran and Bina Bawi incorporate the commercial terms as announced in the […]

Iraq to cut Basra Oil Exports again

By John Lee. Reuters reports that Iraq plans to cut crude oil exports from Basra to 3.013 million bpd in March. This would be comprised of 2.207 million bpd of Basra Light blend, and 806,000 bpd of Basra Heavy. According to the report, this would be the lowest Basra export since August. (Source: Reuters)