A strategic partnership has been established between Biwater and Wood to work together in Iraq to address acute water shortages, beginning with the supply of water to the Basrah region. This important agreement between two leading UK infrastructure firms, demonstrates the scale of international interest and support in Iraq’s extensive infrastructure reconstruction efforts, and follows […]
By John Lee. Russian oil company Lukoil has said that lower volumes of compensation crude oil from the West Qurna-2 project in Iraq had "a negative impact on EBITDA dynamics". In its audited consolidated financial statements for the full year of 2017, it added that net of this project, EBITDA increased in 2017 by 17.8 […]
By John Lee. The United Nations has advertised new positions in Iraq: National Legal Consultant with Child Protection, UNICEF - United Nations Children's Fund Area Logistics Manager, Norwegian Refugee Council (NRC) Fire Safety Assistant - United Nations Assistance Mission for Iraq Generator Mechanic, UNAMI - United Nations Assistance Mission for Iraq Monitoring Assistant, UNAMI - United […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: National Coordination and Community Engagement Consultant with Child Protection, UNICEF - United Nations Children's Fund Procurement Assistant, UNAMI - United Nations Assistance Mission for Iraq Supply Chain/Fleet Management Associate, UNOPS - United Nations Office for Project Services WPE Admin Assistant, International Rescue […]
By Padraig O’Hannelly. This week at Iraq Business News, we are delighted to welcome a new Expert Blogger to our ranks: Elena Kornienko (pictured), has more than 15 years of professional experience in contracts, procurement and tendering in various roles from demand-identification to contract close-out. She has worked on major international oil and gas projects, […]
The Kurdistan Regional Government (KRG) and Pearl Petroleum have signed an agreement to increase production of gas from the Khor Mor field later this year, to boost much needed electricity generation for the people of the Kurdistan Region and Iraq as a whole. The 10-year gas sales agreement will enable gas production from Khor Mor […]
By Elena Kornienko. Little did I know back in 1999 when I got my first job in procurement on the Sakhalin-2 project which became one of the mega projects in oil and gas industry not only in Russia but also worldwide. I was young, ambitious and also very naive about what years later became my […]
Genel Energy has announced a return to profit. In its audited results for the year ended 31 December 2017, Murat Özgül (pictured), Chief Executive of Genel, said: "Another year of consistent payments by the KRG and a disciplined capital allocation strategy helped to generate material free cash flow in 2017. This was enhanced in the […]
Press Release We live in a very uncertain world, currently fraught with geopolitical tensions, social upheaval and economic ups and downs. For these reasons – and more – people around the world, and especially in the Middle East, are increasingly looking for second citizenships to protect their assets and, more importantly, ensure a secure and […]
The Board of the AMAR International Charitable Foundation is to expand and strengthen its Finance Committee. It will now be chaired by leading financial businessman and AMAR supporter, Mr Michael Boardman. The present Chairman, Mr Chris Frost is standing down, but will continue to advise AMAR in a different capacity. Jonathan Ayres, the Chief Financial Officer […]
The United States Agency for International Development (USAID) concluded a two-day workshop in Baghdad with 33 organizations seeking to create and design activities together that will assist in the voluntary return of displaced Iraqis to the Ninewa Plain and western Ninewa, and to encourage those who are already in their communities to remain. The workshop […]
In continuing of training session conducted in April-May 2017 for the potential construction companies throughout Iraq, UNDP Country Office Iraq is planning to conduct another training session for the potential Construction Firms/Companies as per the following details: Training Session for Sinjar Bidders – 3 & 4 April 2018 - Baghdad Training Session for Baghdad & […]
