Shares in Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in the Kurdistan Region of Iraq, closed up more than 4 percent on Wednesday following the announcement of its results for the year ended 31 December 2017. Highlights to 31 December 2017 and post reporting period Operational Strong safety performance during 2017; 3 million […]
Iran’s Oil Ministry linked a 4-month delay in the implementation of an oil swap deal with Iraq to the Arab country’s unpreparedness and technical problems. In a letter to the Tasnim News Agency in response to a recent report on the lengthy delay in implementation of the oil swap deal with Iraq, Iran’s Oil Ministry […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. When Iraqi Prime Minister Haider al-Abadi paid a visit to the Iraqi marshlands in September 2017, photos showed him on a mashoof, the traditional narrow canoe that has been […]
By John Lee. Oil executives have told Reuters that the Iraqi Oil Ministry has signed a two-year contract with China's Anton Oilfield Services (Antonoil) and Petrofac to operate the giant Majnoon oilfield (pictured). The companies will operate the oilfield on behalf of the state-owned Basra Oil Company (BOC), which will take over operations from Shell […]
By John Lee. Iraq plans to increase capacity at its southern refineries to 280,000 barrels per day by the end of 2018. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] made the announcement at the opening of the second phase of the fourth unit project in the south refineries in Basrah governorate. The new project will […]
By John Lee. The National Investment Commission (NIC) has announced four new investment opportunities in Iraq: Manufacturing greasing and lubrication systems Expanding a filter factory Brick factory Cable factories in Ur State Company (Source: National Investment Commission)
The World Bank Group approved the Emergency Social Stabilization and Resilience Project (ESSRP), a US$200 million project that aims to improve the livelihoods of over one million Iraqi in liberated areas through the provision of cash, short-term employment, and other means of social support, namely to the most vulnerable. As the Government of Iraq (GoI) […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Immediately after the Iraqi parliament voted the new INOC Law and after thorough and critical examination and analysis of the law it becomes apparently clear that the law is full of shortcomings, […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has met with Deder Kasemero, the vice president and the regional manager of Rosneft, to discuss the expansion of cooperation in the Iraqi oil and gas sector. The Minister said he is open for international companies such as Rosneft to participate in investment projects to […]
By John Lee. The United Nations has advertised new positions in Iraq: WHE Team Lead, WHO - World Health Organization National Professional Officer, WHO - World Health Organization Data Collection Officer, Norwegian Refugee Council (NRC) Protection Officer - United Nations Assistance Mission for Iraq WASH Technical Specialist, Save the Children FTR/ACE (Family Tracing and Reunification), Save […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Local Security Assistant, UNDP - United Nations Development Programme Call Centre Operator, UNOPS - United Nations Office for Project Services National Professional Officer, WHO - World Health Organization Education Specialist, Norwegian Refugee Council (NRC) (Source: UN)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Rebuilding efforts in Iraq have been slow since the defeat of the Islamic State of Iraq in the Levant (ISIL, also known as ISIS) last year. But it is not just about reconstructing […]
