Gulf Keystone Petroleum (GKP) has mandated Pareto Securities to arrange fixed income investor meetings in conjunction with a potential bond issue. Following these meetings, and subject to market conditions and acceptable terms, a 5-year senior unsecured bond issue of $100 million (the "New Notes") may take place. The proceeds from the New Notes will be […]
The Iraqi Children Foundation intervenes in the lives of children who are vulnerable to abuse, neglect, and exploitation by criminals, human traffickers, and extremists. Street lawyers offer legal protection to orphans, street kids, and children displaced by conflict. Social workers provide help with trauma, health care, abuse, and child labor. Now, a brand new mobile […]
By Sadek Ali. Resounding Victory At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupeid produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both […]
Lockheed Martin Aeronautics Corp., Marietta, Georgia, has been awarded an $86,798,783 five-year contract order under the basic indefinite-delivery/indefinite-quantity contract (FA8553-17-D-0004) for support to the Iraqi Air Force. The support will include contractor logistics support, technical assistance and logistics, to include aircraft and aerospace ground equipment, spares, repairs and familiarization training on their six C-130J aircraft. […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On June 21, Iraq's Supreme Federal Court ruled that parliament's decision to cancel the votes of Iraqis living abroad, displaced people and members of the peshmerga forces was unconstitutional. The […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. An Integrated Approach for Investment in Joint Development-Unitization for Iraq/Iran Border Petroleum Fields & Exploration Blocks This article provides brief note in panel discussion and abstract of a keynote PowerPoint presentation prepared […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Farmers in Iraq’s southern agricultural province of Diwaniyah were left fuming this week after the country’s agriculture ministry announced it would suspend the cultivation of rice, corn and other cereals that demand large amounts […]
Prime Minister Nechirvan Barzani received the commander of the US Central Command (CENTCOM) General Joseph Votel, US Consul-General in the Kurdistan Region Ken Gross and their accompanying delegation. They discussed security and political developments in Iraq and the wider region, highlighted steps towards the formation of the new Iraqi government and the role of the […]
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. The Iraqi government is reportedly temporarily suspend internet connections across the country to stop school pupils cheating during exams. According to media reports, this is the third consecutive year that this will happen. The internet is expected to be blocked for two hours each morning during the two-week exam period. (Sources: Al […]
Shares in Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, were trading up 10 percent on Friday after the company issued an operational and corporate update. Highlights Agreement with the Kurdistan Regional Government's ("KRG") Ministry of Natural Resources ("MNR") and MOL Hungarian Oil & Gas plc ("MOL") has been reached in […]
Oryx Petroleum Announces Successful Appraisal Well at the Banan field Oryx Petroleum has announced an update on the drilling of an appraisal well targeting the Tertiary reservoir at the Banan field in the Hawler license area in the Kurdistan Region of Iraq. As at December 31, 2017, 26 million barrels (“bbl”) of unrisked gross (100%) […]
