By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Turkish Foreign Minister Mevlut Cavusoglu (pictured) is due to travel to Iraq on Oct. 11 for a two-day official visit to the capital Baghdad and the Iraqi Kurdistan Region’s seat of government, Erbil. […]
By Fehim Tastekin for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. While Turkey was eagerly anticipating a new government in Baghdad to sort out many problems with Iraq, a last minute decision by the outgoing prime minister has added a fresh item […]
By Shaghayegh Rostampour for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A mother covers her daughter’s mouth and nose with her headscarf as they rush through the heavy smog that blankets a crowded street. She stops to cough, but then […]
By John Lee. Iraq's Prime Minister-designate Adel Abdul Mahdi has launched a website to allow Iraqis to apply for ministerial positions in his new cabinet. According to BBC News, Mr Abdul Mahdi invited "those with expertise, specialisation and practical experience" to come forward. Applicants have until Thursday to submit a CV and evidence they meet […]
Shares in Genel Energy were trading up more than 5 percent on Wednesday as the company issued a trading and operations update in respect of Q3 2018. The information contained herein has not been audited and may be subject to further review. Murat Özgül (pictured), Chief Executive of Genel, said: "Genel continues to rapidly increase […]
Iraq is pursuing major infrastructure projects to add millions of barrels per day of export capacity, in an effort to keep pace with ambitious plans to raise production. In the short term, the Oil Ministry is looking to jump-start work on a long-delayed pipeline contract with the Australian company Leighton Offshore. Beyond that, Iraq is […]
Iraq’s prime minister-designate, Adel Abdul Mahdi, is the kind of leader the U.S. might have hoped for: experienced, well-respected, and, by the standards of Iraqi politics, above sectarian and ethnic factionalism, according to an editorial piece from Bloomberg Opinion: "Unfortunately, the chances that he can create a government consistent with those values remain slim. "While […]
By John Lee. The Gulf Cooperation Council (GCC) is reportedly in discussions with Iraq to connect electricity grids. An official at the UAE's Ministry of Energy and Industry told Reuters that the GCC could export its surplus electricity to Iraq. (Source: Reuters)
DNO ASA, the Norwegian oil and gas operator, today announced production at the Peshkabir field in the Kurdistan region of Iraq has ramped up to 50,000 barrels of oil per day (bopd), meeting the end-2018 target ahead of schedule and below budget. One of two recently completed wells, Peshkabir-7, is producing over 10,000 bopd from […]
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The uncertainty that has prevailed over all economic activity during the last few months is finally coming to an end in a typical Iraqi fashion- […]
Petrofac’s Engineering & Production Services (EPS) East business has secured a four-year renewal of a contract for maintenance management services for an international oil company client in Iraq. Under the agreement, which is worth approximately US$50 million, Petrofac will continue to provide specialist personnel to support maintenance services for existing mature assets and new production […]
A new government in Baghdad can make real progress if the US offers the right kind of support, says Eli Lake. Writing for Bloomberg Opinion, he argues that to do that, the US needs to signal its commitment to Iraqi cities under threat from the militias. Read the full article here from Bloomberg.
