By John Lee. Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq. South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh […]
By John Lee. Oil production is to increase at the West Qurna 1 oilfield, according to Reuters. The news agency quoted Basra Oil Company (BOC) chief Ihsan Abdul Jabbar as saying on Wednesday that output will rise from 440,000 barrels of crude oil per day (bpd) to 490,000 bpd in the “next few days”. The […]
By John Lee. The United Nations has advertised new positions in Iraq: Legal Officer (Head of the Forensic Science Unit), UNS-SPM UNITAD - United Nations Investigative Team for Accountability of Daesh/ISIL Public Information Officer, UNS-SPM UNITAD - United Nations Investigative Team for Accountability of Daesh/ISIL Facilities Management Assistant, UNAMI - United Nations Assistance Mission for […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Senior Project Assistant, UNAMI - United Nations Assistance Mission for Iraq Treasury/Administrative Assistant, UNAMI - United Nations Assistance Mission for Iraq Administrative Assistant, UNAMI - United Nations Assistance Mission for Iraq Head of Programme for Danish Demining Group, Danish Refugee Council (DRC) […]
The Rumaila oilfield produced 1.467 million barrels per day (bpd) in 2018 – the oilfield’s highest annual rate of production for 30 years. 2018 also saw the milestone of four billion barrels of oil produced since the Rumaila Operating Organisation [ROO] began operating in June 2010. The results were reported in the 2018 Rumaila Annual […]
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed four new members, bringing its membership to 71 companies: Crescent Petroleum: Sharjah-based Crescent Petroleum is the only foreign oil and gas company to maintain a continuous presence in Iraq for three decades, and is the largest private oil and gas investor in the Kurdistan […]
By Aaron Majid, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. These days, Tehran is having trouble getting what it wants from its neighbor—a development Washington can encourage by backing off. It almost goes without saying these days that Iran […]
By Joe Macaron for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Will the Trump administration abort Iran’s land bridge to the Mediterranean? As the showdown between Washington and Tehran escalates elsewhere in the Gulf, Iran is giving high priority to an […]
By John Lee. The Netherlands has resumed its training mission in Iraq, following a brief suspension due to security concerns resulting from US-Iranian tensions in the region. The Dutch Ministry of Defence announced that, after a re-assessment of the situation, its courses can be re-started. A number of Dutch people are training Iraqi commandos in […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi factions a wild card in US-Iran blame game It's hard to tell what's really on the minds of Iranian and US officials in the flurry of words they've […]
By Padraig O'Hannelly. Last week, the US Embassy in Baghdad ordered the departure of non-emergency U.S. Government employees from Iraq, as tension mounts between the Trump administration and neighbouring Iran. In the meantime, several other organisations have taken similar moves. While this has made headlines, has there been any real change on the ground? Iraq […]
By John Lee. Oil Minister Thamer al-Ghadban has criticised ExxonMobil's decision to temporarily evacuate staff from the West Qurna oil field as “unacceptable and unjustified”. In a statement on Sunday, he said the move was "political", and pointed out that other international oil companies are continuing to work freely. According to CNN, the company evacuated […]
