Archive | 2017

Two charged in UK's Unaoil Investigation

The UK's Serious Fraud Office (SFO) has charged two individuals in relation to the Unaoil investigation. Ziad Akle (42) and Basil Al Jarah (68) have both been charged by requisition with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. Akle, who resides in London, was Unaoil’s […]

Strikes Continue Against ISIS Terrorists in Syria, Iraq

U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 34 strikes consisting of 56 engagements Nov. 13-16, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Strikes in Syria Yesterday in […]

SOMO Awards Diesel Tenders

By John Lee. Sources have told Reuters that China's state-run Zhenhua Oil will supply diesel (500 parts per million (ppm) sulphur) to Iraq's State Oil Marketing Organization (SOMO) through a term contract for the first time. It will supply 600,000 tonnes of the 2.37 million tonnes sought by SOMO in a tender for delivery in […]

ShaMaran Petroleum Announces Results

ShaMaran Petroleum has announced its financial and operating results for the three and nine months ended September 30, 2017. (Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars). HIGHLIGHTS AND DEVELOPMENTS Operations Oil production on the Atrush Block commenced in July 2017. Atrush […]

Who will Govern Kirkuk?

By Nahwi Saeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Although Baghdad imposed its authority on Kirkuk on Oct. 16 and appointed a new temporary governor, Kurds still hope to reach an agreement with Baghdad that will allow them to […]

Russia begins Deliveries of T-90 Tanks

By John Lee. Russia has reportedly begun delivering T-90 tanks to the Iraqi military. According to Almasdar News, 73 of the tanks are scheduled to arrive to Umm Qasr Port this year. The T-90 is a third-generation Russian battle tank that entered service in 1993. (Source: Almasdar News)

WHO Assistance for Earthquake Patients

WHO delivers urgent health assistance for earthquake trauma patients In response to the recent earthquake in the border region between Islamic Republic of Iran and Iraq, the World Health Organization (WHO)’s office in Iraq has deployed a medical team supported with 3 ambulances, 4 tents and emergency lifesaving supplies to Sulaymaniyah governorate in northern Iraq. […]

Coalition Airstrikes Kill 4 Senior ISIS Leaders

Coalition airstrikes killed four senior Islamic State of Iraq and Syria leaders in the past three weeks, Combined Joint Task Force Operation Inherent Resolve officials announced today. "The removal of these key terrorists disrupts ISIS' weapons engineering activities and their ability to recruit and train terrorists," officials said in a statement. "It also reduces their […]

Defeat-ISIS Campaign Deprives Enemy of Safe Havens

The U.S.-led coalition to defeat the Islamic State of Iraq and Syria continues to support Syrian Democratic Forces as they pressure ISIS by advancing toward the confluence of the Kabul and Euphrates River valleys, Army Col. Ryan S. Dillon, spokesman for Combined Joint Task Force Operation Inherent Resolve, told reporters today. More than 1,500 square […]