The Iraqi Minister for Oil has committed to support the efforts of the Organization of the Petroleum Exporting Countries (OPEC) aimed at stabilization of the oil market. At a meeting in Baghdad on Wednesday, Minister Jabar Ali al-Luaibi [Allibi] told OPEC Secretary General, HE Mohammad Sanusi Barkindo: “Your visit comes at a time when Iraq […]
By Salam Zidane for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The head of the Security and Defense Committee in the Iraqi parliament, Hakem al-Zamili, has spoken out about the corruption prevailing over Iraq's border crossings. In a press conference held Oct. 3, he stated that the state was not benefiting from […]
Iraqi forces continue to make steady progress in the effort to retake Mosul from the Islamic State of Iraq and the Levant, the commander of Combined Joint Task Force Operation Inherent Resolve said on Wednesday. "The Iraqi security forces had developed a lot of momentum over the past two years," Army Lt. Gen. Stephen Townsend […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of $147,280,305 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Gulf Keystone Petroleum (GKP) confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil export sales in August 2016. Gulf Keystone and the KRG's Ministry of Natural Resources ("MNR") continue to work towards agreeing the final form of the May, June, July and […]
Genel Energy plc issues the following trading and operations update in respect of Q3 2016. The information contained herein has not been audited and may be subject to further review. Murat Özgül (pictured), Chief Executive of Genel, said: "Genel has received $163 million in cash proceeds during 2016, underpinning the drilling of successful production wells […]
By John Lee. Oman Air has announce that it will be commencing its four times weekly service from Muscat to Najaf from November. Paul Gregorowitsch, Chief Executive Officer at Oman Air, said: “Following a temporary delay of our service to Najaf as the Operational teams were assessing and scheduling all fleet types for safe deployment […]
The contributions of coalition partners in the fight against the Islamic State of Iraq and the Levant are invaluable, Defense Secretary Ash Carter said today at the opening of the counter-ISIL small group defense ministerial at Hexagone Balard, the new French defense ministry building in Paris. The secretary, in prepared remarks, said the coalition defense […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter and remotely […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey's foreign minister has said its troops have killed 17 ISIL fighters with artillery and mortars since the operation in Mosul began. However, Ankara is locked in a dispute with Baghdad over the […]
US-based technology and engineering company Emerson has officially opened its expanded facility in Al Majal Business Park in North Rumaila. The company moved from its existing facility in Albradheya, Basrah to the new facility to increase its capabilities and address the needs of its continuously expanding installed base. The Al Majal facility will serve as […]
