By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 11 remittance companies took part in its currency auction on Thursday. A total of $162,242,266 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraqi Oil Minister Jabar al-Luaibi has stated that Iraq has plans to increase oil output to five million barrels per day (bpd). Speaking at the Iraq Energy Forum in Baghdad, Luaibi said the ministry will “seriously try to develop oil production in the country”. “We need to progress the energy infrastructure and we have worked […]
Ahead of the 11th edition of the Iraq Petroleum Conference in May, the CWC Group Director Nawar Abdulhadi interviews one of the key speakers of this year’s event, Mr Shawki Al-Khalisi, Head of Studies, Arab Petroleum Training Institute, OAPEC, Ministry of Oil, Federal Government of Iraq. Mr Al-Khalisi shares with us his views on the […]
Oil Minister Jabar Ali al-Luaibi [Allibi] has stated that his country will soon complete a project for supplying gas to Kuwait in line with an earlier agreement hammered out between both sides. The minister made the remark during the third Iraq Energy Forum held in Baghdad, lauding good cooperative relations between Iraq and Kuwait. "Iraq […]
Iraqi and coalition forces will learn from the civilian casualty incident of March 17 and continue to support Iraqi forces taking the fight to the Islamic State of Iraq and Syria in Mosul, the chairman of the Joint Chiefs of Staff said today. Marine Corps Gen. Joe Dunford spoke to reporters enduring the return leg […]
The Head of the KRG Department of Foreign Relations, Falah Mustafa, received a United Nations World Food Programme (WFP) delegation that included Celebrity Partner for UNWFP for Iraq, Ms. Suhair Al-Qaisi, and Head of the Erbil Office Moayad Hameidi. In the meeting Minister Mustafa appreciated the role Ms. Al-Qaisi is playing in supporting, helping the […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition military forces conducted 15 strikes consisting of […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 11 remittance companies took part in its currency auction on Wednesday. A total of $159,376,527 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
At a major Iraqi business event on Monday, there was a strong sense that Iraq's fortunes are turning a corner, with the Islamic State group (IS, ISIS, ISIL, Da'esh) on the retreat, and substantial export funding newly available for projects in the country. More than 250 delegates attended the Iraq Britain Business Council (IBBC)'s Spring […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) and Russia's Lukoil have formed a joint venture to market crude oil. In a statement, the Iraqi Oil Ministry said Litasco -- Lukoil‘s international marketing and trading arm -- would help sell Iraqi crude and train Iraqi staff in marketing. (Source: Ministry of Oil)
A total of 548 Iraqi civilians were killed and another 567 were injured in acts of terrorism, violence and armed conflict in Iraq in March 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in March (not including police) was 543, while the number […]
Iraqi officials believe that the March 17 blast in Mosul that killed 61 civilians -- including many women and children -- was caused by the blast of an Islamic State of Iraq and Syria vehicle-borne explosive device. Saeed al-Jayashi, a spokesman for the Iraqi military, said an examination of the site shows that the building […]
