Gulf Keystone Petroleum (GKP) has announced that Sami Zouari (pictured), Chief Financial Officer (CFO), will be stepping down as CFO and a Director of the Company during the second half of the year, and will leave the business by no later than 2 December 2019. Mr Zouari has been CFO of GKP since January 2015 […]
By John Lee. Amnesty International has challenged a statement from the US-led Coalition in which it acknowledges at least 1,302 unintended civilian deaths during Operation Inherent Resolve. The organisation’s Senior Crisis Response Adviser, Donatella Rovera, said: “While all admissions of responsibility by the US-led Coalition for civilian casualties are welcome, the Coalition remains deeply in […]
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of dunams of wheat and barley crops were torched this month in Kirkuk, Ninevah, Salahuddin and Diyala provinces, adding agony to the harsh lives of Iraqi farmers and raising the question […]
By Kamal Chomani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Adel Abdul Mahdi is under great pressure from his government to force the Kurdistan Regional Government (KRG) to deliver the allotted 250,000 barrels of oil per day to the State Organization for Marketing of […]
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 […]
Zain Iraq becomes first operator in the Middle East to introduce purchase solution via Facebook Zain Iraq, the country’s largest mobile operator by customer numbers, announces the introduction of a solution that enables customers to purchase offers via their Facebook app, making it the first operator in the Middle East to provide this functionality, and […]
By Al Monitor staff. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. How Iraq’s Kurds are failing to come together over their new president Nechirvan Barzani, the prime minister of Iraq’s Kurdistan Regional Government (KRG), was elected president by the semi-autonomous region’s parliament […]
By John Lee. According to a report from Reuters, employees from Exxon Mobil will start returning to work at the West Qurna 1 oilfield on Sunday. Sources told the news agency that the company had received assurances from the Iraqi Ministry of Oil and the Basra Oil Company (BOC) that its staff would receive extra […]
There can be no doubting Iraq’s oil credentials. It is Opec’s number two oil producer, second only to Saudi Arabia, and holds the world’s fifth-largest proved oil reserves. Production is on the rise, having nearly doubled over the past decade, averaging around 4.5 million barrels per day in 2018. Almost 90 per cent of the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th May 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD666 (+4.0%) / $718 (+4.2%) (weekly change) (+1.1% and +1.2% YTD change, respectively). The number of week traded […]
By John Lee. Oil giant BP has just published details of its transactions with the Government of Iraq in 2018 in respect of the Rumaila oilfield, as part of its Report on Payments to Governments 2018. Click on image below to see in more detail: (Source: BP)
Today, the KRG's Regional Council for Oil and Gas Affairs has published new verified data on the Kurdistan Region’s oil exports, consumption and revenues, covering the period from 1 October 2018 to 31 December 2018, after a review of the sector by the international “Big 4” audit and consulting firm, Deloitte. The Regional Council for […]
