Genel Energy has announced an update on activity at the Taq Taq field (Genel 44% working interest). The TT-29w well, which was drilled to appraise the northern flank of the Taq Taq field, has been completed as a producer after successfully encountering oil bearing Cretaceous reservoirs. The well, which was drilled to a measured depth […]
By John Lee. Fly Baghdad's Chief Executive Ali al-Hamdany has told Reuters that the budget airline plans to start flights to Europe and India next year, and is planning a stock market listing in 2020. It will also start flights to Ankara and Beirut in the coming weeks. It currently operates two Boeing 149-seat 737-700 jets […]
US Ambassador to Iraq Douglas Silliman (pictured) has joined other distinguished guests and speakers at the Iraq Banking and Investment Summit on December 2. The Ambassador spoke about the need to create economic opportunity for Iraq’s younger generation through a transition from a government-controlled, oil-based economy, toward a more diversified free market system that fosters […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for November of 105,050,804 barrels, giving an average for the month of 3.502 million barrels per day (bpd), considerably up on the 3.348 bpd exported in October. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues for […]
A federal jury convicted a Romanian citizen for his role in a government contract kickback scheme that caused a loss of more than $3.4 million to the U.S. Department of State. According to court records and evidence presented at trial, Emil Popsecu, 49, conspired to violate the Anti-Kickback Act related to the lease of real […]
A total of 117 Iraqi civilians were killed and another 264 injured in acts of terrorism, violence and armed conflict in Iraq in November 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in November (not including police) was 114, while the number of […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. More than 4,000 runners take part in a "peace marathon" in Mosul to raise funds to rebuild the war-ravaged western district of Iraq's second city. View on YouTube
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 […]
By John Lee. Russian oil company Lukoil has said it will present its plans t0 develop the West Qurna 2 oil field to the Ministry of Oil by the end of the month. Company boss Vagit Alekperov (pictured) told reporters that his company is negotiating regarding production volumes, timelines, and investment. (Source: TASS)
Alliant Techsystems Inc., Fort Worth, Texas, has been awarded a $28,778,721 firm-fixed-price modification (P00027) to a previously awarded contract (FA8106-16-C-0004) for the exercise of option year two for contractor logistic support for the Iraqi Air Force's Cessna 208 fleet and the Cessna 208/172 trainer fleet. Work will be performed in Iraq, with an expected completion […]
The UK's Serious Fraud Office (SFO) has charged two further individuals in relation to the Unaoil investigation. Paul Bond and Stephen Whiteley have both been charged with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. The charges relate to alleged corrupt conduct within Unaoil, between […]
U.S. and coalition military forces have continued to attack the Islamic State of Iraq and Syria, conducting 19 strikes consisting of 24 engagements between Nov. 27 and yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the most recent strikes, noting that assessments of results are based on initial […]
