Archive | 2019

Profits Up at Wood Group due to Iraq

By John Lee. Shares in Wood Group closed Wednesday up 6.6 percent after the oilfield services group announced “significant growth” in profits in its pre-close trading update. The Scottish-based company said it has benefitted from increased activity in the Middle East, particularly Iraq. (Source: Wood Group)

Iraqi President visits UK Prime Minister

The British Prime Minister, Theresa May, hosted Iraqi President Barham Salih in Downing Street on Tuesday as part of his Guest of Government visit to the UK. The leaders began by discussing security cooperation, and the Prime Minister reaffirmed the UK’s commitment to supporting the Iraqi Government in building a stable and successful nation. They […]

New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: National Programme Officer, UNAMI - United Nations Assistance Mission for Iraq Youth Assistant, UNAMI - United Nations Assistance Mission for Iraq Security Officer, UNAMI - United Nations Assistance Mission for Iraq Fire Safety Officer, UNAMI - United Nations Assistance Mission for Iraq Close […]

New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Security Guard, UNAMI - United Nations Assistance Mission for Iraq DTM Reporting Officer, UNAMI - United Nations Assistance Mission for Iraq Senior Cash Based Initiatives (CBI) Assistant, UNAMI - United Nations Assistance Mission for Iraq Shelter Program Support Assistant, UNAMI - United […]

Oil Ministry Finalises Export Figures for May

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for May of 110,737,293 barrels, giving an average for the month of 3.572 million barrels per day (bpd), up from the 3.466 million bpd exported in April. These exports from the oilfields in central and southern Iraq amounted to 106,675,881 barrels, while exports […]

TechnipFMC Fined for Iraq Bribes

By John Lee. Oil services firm TechnipFMC (TFMC) has agreed to pay $296 million to resolve allegations that the company paid bribes in Brazil and Iraq. TFMC is the product of a 2017 merger between two predecessor companies, Technip S.A. and FMC Technologies, Inc.. The admissions and court documents establish that beginning by at least […]

Parliament Approves 3 Key Ministers

By John Lee. The Iraqi parliament has approved Prime Minister Adil Abul-Mahdi's nominees to three key ministries, according to Associated Press: Defense: Najah al-Shammari; Interior: Yassin al-Yassiri; Justice: Farouq Amin Othman. The positions have been vacant since October. A nominee for the position of Minister for Education -- Safana al-Hamdani -- however, failed to receive […]

Iran, Iraq to Expand Tourism Ties

By John Lee. Iraq and Iran have reportedly signed a memorandum of understanding (MOU) relating to cooperation in the tourism sector. According to Tehran Times, the document includes the areas of medical tourism and religious tourism, and was agreed between Iran’s Cultural Heritage, Handicrafts and Tourism Organization, and Iraq’s Ministry of Culture, Tourism and Antiquities. […]

Gulf Tensions: Iraq worried about Economy

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq exports around 3.5 million barrels of oil a day. Heightened regional tensions between the US and Iran and recent attacks on oil tankers in the Gulf have heightened security fears. The government […]