By John Lee. Oil exports from Iraq's main gulf terminal have reportedly stopped from midnight on Tuesday for 24 hours to allow the installation of a new pipeline. Two sources at the South Oil Company (SOC) told Reuters that loading at the three single-point moorings (SPMs) connected with the Basra terminal will not be affected. […]
Japan has approved a loan of about $100 million to support humanitarian, counter-terrorism and infrastructure projects in Iraq, a Japanese embassy statement said on Tuesday. In January, Japan approved loans worth $240 million to Iraq to rebuild damaged electricity infrastructure in areas recaptured from Islamic State. Iraq's government income, which comes almost exclusively from oil […]
By John Lee. DNO ASA, the operator of the Tawke field, and its partner Genel Energy, have announced that they have received a payment of $35.45 million from the Kurdistan Regional Government (KRG) as payment towards November 2016 crude oil deliveries to the export market from the Tawke field. The payment reflects full settlement of […]
By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Controversial canal again sparks dispute in Iraq Iraq is fighting a tide of dissent as its lawmakers accuse the government of handing over the Khor Abdullah border canal to Kuwait […]
By John Lee. Iraqi authorities have reportedly shut down the internet across the country on several occasions over the past week in an effort to combat cheating in exams. According to dyn.com, this is the third year in a row the Iraq has resorted to these tactics. A report from the Brookings Institution recently found […]
Iraqi Prime Minister Haidar al-Abadi has called on the parliament to form a new electoral commission, as the expiration of the legal term of the current commission is nearing. Abadi made his call during his weekly news conference on Tuesday. A group of Iraqi MPs had submitted a petition to the speaker of parliament requesting […]
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 yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely […]
As Iraqi security forces continue the push to liberate Mosul, terrorists with the Islamic State of Iraq and the Levant find themselves trapped in the city's west, a Pentagon spokesman said. "At this point, ISIL fighters are stuck in Mosul," the Defense Department's director of press operations, Navy Capt. Jeff Davis, told reporters. With Iraqi […]
The CWC Group has confirmed the attendance of H.E. Jabbar Al Liabi, Minister of Oil, Federal Republic of Iraq, at the 2017 edition of Iraq Petroleum, taking place at 8 Northumberland Avenue, London on 22-23 May 2017. H.E. Jabbar Al Liabi, a regular speaker at CWC Iraq events, will open this year’s Iraq Petroleum Conference […]
By John Lee. The Iran Mercantile Exchange (IME) has set up a taskforce to "strengthen and deepen" its relationship with Iraq. Among the areas being considered are free economic zones on both sides, simplification of customs regulations, and the use of modern financial instruments like Certificate of Depositary Receipt based on warehousing systems to be […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Jan. 15, Iraqi members of parliament, including Sadeq al-Mhanna from the ruling National Alliance, revealed that they are in possession of documents that prove the theft of 300,000 barrels […]
Emergency fertilizer distributions help conflict-affected Iraqi farmers increase wheat production More than 2 000 farmers affected by conflict in Iraq have received 750 tonnes of fertilizer from the United Nations' Food and Agriculture Organization (FAO) to increase production of their winter wheat crops. The farmers, from Alqosh and Sheikan districts of Ninewa Governorate each received 350 […]
