U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter and remotely […]
DNO ASA, the Norwegian oil and gas operator, today announced a stepped up drilling campaign in the Kurdistan region of Iraq and the Sultanate of Oman on the back of 2016 operating profits and improved payments for exports from its flagship Tawke field in Kurdistan. The Company also released its annual reserves report which showed […]
Genel Energy plc notes that DNO ASA, as operator of the Tawke field (Genel 25% working interest), has today published updated estimates of Tawke field reserves. At 31 December 2016, Tawke gross proved (1P) reserves are estimated by DNO ASA at 348 mmbbls, compared to 387 mmbbls at year-end 2015. At 31 December 2016, gross […]
By John Lee. Reuters reports that loading of crude oil has resumed at al-Basra Oil Terminal (ABOT). Operations were stopped for 24-hours to install a new pipeline feeding the facility, the started again at midnight on Wednesday. (Source: Reuters)
US Defense Secretary Jim Mattis (pictured) and Iraqi Defense Minister Arfan al-Hayali discussed the strong U.S.-Iraq defense partnership in the fight against the Islamic State of Iraq and Syria during a phone call on Wednesday, Pentagon spokesman Navy Capt. Jeff Davis said. In a statement summarizing the call, Davis said Mattis congratulated Hayali on his […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hundreds of supporters of Iraqi cleric Moqtada al-Sadr demonstrate in Baghdad to demand electoral reform ahead of a planned provincial vote in September:
By John Lee. Oil exports from Iraq's main gulf terminal have reportedly stopped from midnight on Tuesday for 24 hours to allow the installation of a new pipeline. Two sources at the South Oil Company (SOC) told Reuters that loading at the three single-point moorings (SPMs) connected with the Basra terminal will not be affected. […]
Japan has approved a loan of about $100 million to support humanitarian, counter-terrorism and infrastructure projects in Iraq, a Japanese embassy statement said on Tuesday. In January, Japan approved loans worth $240 million to Iraq to rebuild damaged electricity infrastructure in areas recaptured from Islamic State. Iraq's government income, which comes almost exclusively from oil […]
By John Lee. DNO ASA, the operator of the Tawke field, and its partner Genel Energy, have announced that they have received a payment of $35.45 million from the Kurdistan Regional Government (KRG) as payment towards November 2016 crude oil deliveries to the export market from the Tawke field. The payment reflects full settlement of […]
By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Controversial canal again sparks dispute in Iraq Iraq is fighting a tide of dissent as its lawmakers accuse the government of handing over the Khor Abdullah border canal to Kuwait […]
By John Lee. Iraqi authorities have reportedly shut down the internet across the country on several occasions over the past week in an effort to combat cheating in exams. According to dyn.com, this is the third year in a row the Iraq has resorted to these tactics. A report from the Brookings Institution recently found […]
Iraqi Prime Minister Haidar al-Abadi has called on the parliament to form a new electoral commission, as the expiration of the legal term of the current commission is nearing. Abadi made his call during his weekly news conference on Tuesday. A group of Iraqi MPs had submitted a petition to the speaker of parliament requesting […]
