By John Lee. Financial Times reports that Iraq will comply with OPEC-led efforts to restrict crude oil production, even as Saudi Arabia said it is striving to boost its export capacity. It quotes Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] as saying that Iraq’s export capacity would reach 5m bpd by the end of this […]
By John Lee. Iraq's Ministry of Oil has awarded the Al Faw [Al Fao] refinery and petrochemicals project to two Chinese companies. In a statement, the ministy named the companies as Power China and "Nerco Chinese Companies". Mr. Assim Jihad, the spokesman of the Ministry, said the refinery will have a capacity is 300,000 barrels/day. […]
The United States Agency for International Development (USAID) has contributed an additional US$ 80.85 million to The United Nations Development Programme (UNDP). US$ 75 million will go to UNDP’s Funding Facility for Stabilization (FFS), with the remaining US$ 5.85 million committed to UNDP’s Funding Facility for Economic Reform (FFER). This brings the total United States […]
By John Lee. Iraq's National Investment Commission (NIC) has included several road projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Rehabilitation and development of the existing roads Construction of highways next to the existing […]
By John Lee. US-based General Dynamics, which produces Abrams tanks, has reportedly suspended its maintenance program in Iraq after one of its tanks was provided to the Iranian-backed Hashd al-Shaabi Popular Mobilization Force (PMF). Iraq's al-Ghad Press has reports that the company withdrew from its base at Baghdad’s al-Muthanna airport after finding out that Iraq […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Jan 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD791 (+0.7%) / $822 (+1.5%) (weekly change) (-2.5% and -1.7% YTD change, respectively). The number of week traded […]
By John Lee. The United Nations has advertised new positions in Iraq: Child Protection and Education Project Manager, Terre des hommes Lead Election Observation Specialist, Creative Associates International Deputy Country Director, Mines Advisory Group (MAG) Programme Officer, Mines Advisory Group (MAG) Logistics and Procurement Coordinator, Norwegian Refugee Council (NRC) Senior Nurse, United Nations Assistance Mission […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Technical Assistant - European Community Humanitarian Office (ECHO) Monitoring & Evaluation Technical Officer, Norwegian Refugee Council (NRC) Pharmacist referent, Médicos del Mundo Programme Coordinator (Sustainable Livelihoods), International Organization for Migration (IOM) (Source: UN)
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. Iraq's National Investment Commission (NIC) has included two airport projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Rehabilitation and development of Mosul International Airport. Estimated cost before 2014: 120 billion Iraqi […]
Iraq will rely on a newly formed state oil company to develop the Nassiriya oil field, leaving only the nearby refinery project for investors, ending more than six years of pitching the two as a combined mega-project, according to Iraq Oil Report. Most recently, Iraq had been in direct negotiations with PetroChina and the China […]
The National Iranian Drilling Company (NIDC) is planning to participate in neighboring Iraq‘s drilling tenders. Speaking to reported on the sidelines of an oil show in Kish Island, on Tuesday, Sepehr Sepehri, NIDC managing director, said the company’s approach is to secure itself a toehold in global markets, adding NIDC is planning to participate in […]
