Iran started swapping oil with Iraq's Kirkuk on Sunday, after the two neighbours sorted out the logistic issues that were preventing the swap's startup. According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil fields in northern Iraq to an Iranian refinery across the border via tanker […]
By John Lee. UAE-based Crescent Petroleum has signed the initial contracts to develop the oil fields of Gilabat-Qumar (in Diyala), Khashim Ahmer-Injana (in Diyala), and Khudher Al-Mai [Khider al-Mai] (in Basra and Muthana). Mr. Abd Allah Al-Kadhi, the head of exploration and production in the company, said that production will start after three years. The […]
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for May of 108,194,920 barrels, giving an average for the month of 3.490 million barrels per day (bpd), an increase from the 3.340bpd exported in April. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues for the […]
By John Lee. Prime Minister Haider Al-Abadi chaired a meeting of the Ministerial Council for National Security (pictured) on Sunday, focusing on the water shortage in Iraq. The Council viewed a presentation by the Minister of Water Resources, Hassan Al Janabi, which included a plan to address the expected water scarcity for the current summer. […]
A total of 95 Iraqi civilians were killed and another 163 injured in acts of terrorism, violence and armed conflict in Iraq in May 2018*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The figures include ordinary citizens and others considered civilian at the time of death or injury, […]
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 Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As parliamentarians in Baghdad work to form a new governing coalition in the wake of this month’s elections, their counterparts in Washington are seeking to sanction more than a […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A group of war correspondents announced May 20 the formation of an association to defend the rights of war correspondents and journalists. Association leader Mustafa Latif told NRT TV on May 20, […]
UN Iraq Representative Kubiš says elections were held in generally calm and stable environment, urges calm as electoral appeals are being adjudicated through established legal channels. Briefing the UN Security Council, Special Representative of the Secretary-General for Iraq Ján Kubiš said national elections were held on 12 May in a generally calm and stable environment. […]
Japan's Mitsubishi Corporation has been awarded a contract for port construction in the Republic of Iraq. Extended by the General Company for Ports of Iraq (GCPI), the contract covers a port rehabilitation project in the country’s southern region of Basra, and is valued at approximately 110 million US dollars. The project is being funded through […]
By John Lee. The Iraqi Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Al-Abadi. It discussed energy, housing, transport, security, financial reforms and delivery of public services, and also reviewed several reconstruction projects across Iraq. The cabinet approved measures to accelerate the transition to electronic payment of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's electoral commission says it is cancelling the results from more than 1,000 polling stations used in this month's parliamentary vote. It says it has evidence of fraud at voting centres both in […]
