U.S., coalition and partner forces are edging toward victory in the campaign to defeat Islamic State of Iraq and Syria terrorists in and around Raqqa, Syria, and Mosul, Iraq, the Combined Joint Task Force Operation Inherent Resolve spokesman told Pentagon reporters. Air Force Col. John Dorrian, speaking by teleconference from Baghdad, provided an update on […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 34 banks and 11 remittance companies took part in its currency auction on Thursday. A total of $163,458,344 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. GE and Mass Group Holding (MGH) have successfully commenced simple cycle commercial operations of four advanced GE 9F gas turbines under phase I of the Ministry of Electricity’s (MOE) Baghdad Power Plant in Besmaya [Bismaya]. Located about 40 kilometers from Baghdad, the facility is the first one in the country outside the […]
The Ministry of Health (MOH) and the National Investment Commission (NIC) have announced an investment opportunity in Ibn Sina (Avicenna) hospital (rehabilitation, operation and management) in accordance with the investment law no. (13) for the year 2006, as amended. Willing investors, companies or organizations are to present their (Commercial and Technical) offers to the Contracts […]
The CWC Group’s Director, Nawar Abdulhadi interviews Mr Zaid Elyaseri, Iraq Country Manager, BP Iraq ahead of the 11th edition of the Iraq Petroleum Conference in May. Mr Elyaseri shares with us his experience working in the Rumaila oilfield, how BP is optimising and innovating in the current market and his outlook for the future […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Islamic State group (IS, ISIS, ISIL, Daesh) now controls less than seven percent of Iraq, down from the 40 percent it held nearly three years ago, a military spokesman says:
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 31 strikes consisting of 99 engagements against ISIS targets on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 37 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $159,643,728 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
WesternZagros Resources has announced that the operator, Gazprom Neft Middle East B.V. ("Gazprom Neft"), has successfully performed an acid stimulation on the Sarqala-1 well located on the Garmian Block in the Kurdistan Region of Iraq in order to increase the well productivity. The acid stimulation was completed on March 31, 2017 and Sarqala-1 is currently […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.15 million from the Kurdistan Regional Government (KRG) as payment towards January 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 38.70 million toward […]
The Egyptian Petroleum Minister, Tareq al-Mulla (pictured) has stated that the Egyptian cabinet, during its meeting on 10 April under Prime Minister Sherif Ismail, approved buying oil from Iraq and clinching a deal to import about million barrels monthly, with a total of 12 million barrels annually. Mulla added that the first oil shipment is […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi city of Mosul is being reshaped after bitter negotiations between the Iraqi government and Kurds. Once the dust settles, question will arise as to who will control what. And where does […]
