From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Residents, activists, and candidates in Iraq's Mosul discuss the prospects of upcoming elections in the city, where electoral banners and notices are posted next to buildings and areas which were left devastated by the […]
By John Lee. China's Zhongman Petroleum and Natural Gas Group (ZPEC) and BP Iraq have signed an integrated drilling service contract for 15 wells at Iraq's Rumaila oilfield The contract amount is worth approximately $60 million. It is understood that the project was publicly tendered in November 2017. According to a statement from the company, […]
JICA to Support Reconstruction through Development and Rehabilitation of Water Supply and Irrigation Facilities: On 3 May, 2018, the Japan International Cooperation Agency (JICA) and the Iraqi Government signed two loan agreements at Ministry of Finance in Baghdad. These two ODA (Official Development Assistance) loans, amounting to JPY 34,880 million (approximately USD 329 million) in […]
U.S. Immigration and Customs Enforcement (ICE) returned 3,800 ancient artifacts, including cuneiform tablets, cylinder seals, and clay bullae, to the Republic of Iraq. The artifacts were smuggled into the United States in violation of federal law and shipped to Hobby Lobby Stores, Inc, a nationwide arts-and-crafts retailer. Many of the tablets can be shown to […]
NATO works closely with Iraq to strengthen good governance in the Iraqi security structures Over a hundred representatives from twenty ministries and institutions across the Iraqi government attended a workshop organized by NATO in Baghdad, on 24 to 26 April 2018. The focus was on best practices to strengthen transparency, accountability and good governance within […]
A total of 68 Iraqi civilians were killed and another 122 injured in acts of terrorism, violence and armed conflict in Iraq in April 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, […]
By John Lee. The National Investment Commission (NIC) has announced three new investment opportunities in Iraq: Electric Pole Production Factory High Alumina Refractory Factory Rubber Industries (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for April of 100,197,197 barrels, giving an average for the month of 3.340 million barrels per day (bpd), a slight increase from the 3.453 bpd exported in March. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. […]
By John Lee. The formation of the new Iraq National Oil Company (INOC) is "a power grab that could undermine all the progress," according to Nick Butler. Writing in the Financial Times, he says the new company will be a single entity with sole responsibility for all aspects of the development of the oil and […]
By John Lee. The Ministry of Oil's Petroleum Contracts and Licensing Directorate (PCLD) has published the templates for the contracts to be used for the 5th oil licensing round, the results of which were announced last week. Exploration, development and production contract (EDPC) Development and production contract (DPD) (Source: Ministry of Oil)
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has announced the construction of a tourism and entertainment resort in Basra, to "honor and appreciate its role to support the national economy as a generous oil governorate." The $234-million Muftiya City project has been awarded to an international holding company he named as […]
Under the Patronage of H.E Prime Minister, Dr. Haider Al Abadi, organized by the General Secretariat of the Council of Ministers and the National Investment Commission (NIC) in cooperation with Economy and Business Group, the Iraq Investment and Reconstruction Opportunities Forum was held in Baghdad on Thursday the 26th April witnessing a wide local, Arab […]
