By Dr Amer K. Hirmis. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Private sector investment in Iraq - What strategy for the next Prime Minister? Iraq is in turmoil. The protests of the Iraqi youth, which started on October 1st 2019, are […]
By John Lee. ShaMaran Petroleum has reported that the Atrush Field continues to perform "exceptionally well". Average production for the month of November was 43,360 bopd. The CK-15 well is now online and wells currently are undergoing normal-course maintenance. The Company reiterates its Atrush 2019 average daily production guidance of between 30,000 and 35,000 bopd […]
By John Lee. The Kurdistan Regional Government (KRG) has delayed payments to oil producers by several weeks. In statements to the markets on on Thursday, Genel Energy, Gulf Keystone Petroleum (GKP) and Shamaran Petroleum said that payments relating to invoices for oil production in August and September, which were due to be paid in November […]
By John Lee. On 11 December 2019, Christoph Buik was appointed as new head of mission for the European Union Advisory Mission in Iraq (EUAM Iraq). He will take up his duties on 1 January 2020. Christoph Buik, a German national, is currently Director of the UN Standing Police Capacity. Previously, he was Police Commissioner […]
As protests in Iraq enter their third month, the numbers of arrests, abductions, and killings of protesters continue to rise, according to Human Rights Watch (HRW). But instead of protecting the demonstrators mostly peacefully protesting on Iraq’s streets, some security forces are the ones attacking and killing them. Prime Minister Adil Abd Al-Mahdi had promised […]
By John Lee. Swiss-based Global Clearance Solutions AG has won a contract with the United Nations Office for Project Services (UNOPS) for the provision of "Explosive Hazard Clearance Teams (EHC Teams) and Risk Education (RE) in Iraq with International Technical Oversight Component: Sinjar & Tal Afar". The contract is worth $2,548,636. (Source: UNGM)
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Madium ammunition – State Company for Military Industries Light ammunition, State Company for Military Industries Military Gas Masks, State Company for Military Industries Treatment of oil wells by ultrasound technology, State Company for Military Industries (Source: National Investment Commission) (Picture: Business […]
By John Lee. Mr. Mohammad Jaafar Al-Sadr, the Ambassador of the Republic of Iraq in London, has participated in a round-table meeting hosted by the Iraq Britain Business Council (IBBC) . The Ambassador said Iraq welcomes the contribution of British companies to the reconstruction of the country, reviving the Iraqi economy, and providing job opportunities, […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Oil trail reveals Turkey funding Syrian Kurdish rivals At the Halifax Security Forum, an annual event attended by high-powered government officials, business titans and assorted other movers and shakers […]
It's (almost) Christmas, so please spare a thought for those less fortunate who will have little to celebrate on the 25th. Please consider the AMAR Foundation's appeal this year which highlights the plight of Yazidi teens whose young lives have been ruined by ISIS. More than one third of the 6,800 Yazidis abducted in Sinjar […]
KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani has today chaired a cabinet meeting to discuss the draft Reform Bill, a central pillar of the Kurdistan Regional Government’s agenda. Developed as a joint initiative involving all parties in the government, the Reform Bill includes a series of measures designed to provide more […]
Gulf Keystone Petroleum (GKP) has provided an operational and corporate update. Operational Average gross production for the year up to 30 November 2019 of 32,127 barrels of oil per day ("bopd"). November gross production averaged 40,582 bopd, with current production rates from the field at c.42,000 bopd. GKP is therefore on track to meet its […]
