By John Lee. Iraq's State Oil Marketing Organization (SOMO) has reportedly confirmed that talks are ongoing between Baghdad and Tehran to export crude oil from Kirkuk to the Kermanshah refinery (pictured) in Iran. SOMO Director Alaa al-Mussawi is quoted as saying that trucks would initially supply 15,000 barrels of crude oil per day (bpd) to […]
Prime Minister Nechirvan Barzani chaired a Council of Ministers meeting to discuss the federal Budget Bill of 2018, which was prepared by the federal Ministry of Finance without the participation of the Kurdistan Regional Government. In the meeting, which was also attended by Deputy Prime Minister Qubad Talabani, KRG Council of Ministers called upon Iraqi […]
By John Lee. Saudi Arabia has appointed Abdulaziz Al-Shammari as its new ambassador to Iraq. Al-Shammari, who has been Charge d'Affaires of the Saudi embassy in Iraq since October 2016, was sworn in on Sunday before King Salman in Riyadh. Relations between the two countries have been improving recently, with high-level visits, the opening of […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 14 strikes consisting of 33 engagements Nov. 4-5, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Strikes in Syria Yesterday in […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. EITI Suspends Iraq Membership: A Serious Setback For Transparency That Should Be Addressed Promptly And Effectively The recent decision by the Extractive Industry Transparency Initiative (EITI) to suspend Iraq's status as a […]
At its meeting in Manila, the Philippines, the Extractive Industries Transparency Initiative (EITI) Board commended Iraq’s efforts to bring transparency to its oil exports and encouraged the Government of Iraq to make progress on a number of other aspects of the sector. While recognising the difficulties under which Iraq was implementing the EITI, the EITI […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for October of 103,730,680 barrels, giving an average for the month of 3.348 million barrels per day (bpd), considerably up on the 3.240 bpd exported in September. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]
The United States Agency for International Development (USAID) Office in Iraq has issued a call for expressions of interest to fund activities that assist in the voluntary return of Internally Displaced Persons (IDPs) in the Ninewa Plains and western Ninewa, and to encourage those who are already in their communities to remain. Ambassador Douglas Silliman […]
General Dynamics Ordnance and Tactical Systems, St. Petersburg, Florida, has been awarded a $93,000,000 firm-fixed-price foreign military sales (Iraq) contract to obtain 120mm insensitive munition high explosive with tracer tank ammunition cartridges. Bids were solicited via the Internet with one received. Work locations and funding will be determined with each order, with an estimated completion […]
By Adnan Haj Omar, Editor-in-Chief of Arabisk London Magazine. The operations to annihilate ISIL once and for all have finally reached their last stage. The latest round of peace talks in Astana has resulted in the finalisation of a de-escalation zone. The Kurdish issue has become a common denominator and a priority to be addressed […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
Lockheed Martin Aeronautics Corp., Fort Worth, Texas, was awarded a $16,200,000 contract for automatic ground collision avoidance system F-16 integration, to include development, testing and integration on 34 F-16 Block 52 C/D model aircraft for the government of Iraq. Work will be performed in Fort Worth, Texas; and Balad Air Base, Iraq, with an expected […]
