UK-based energy services company Wood Group has secured two new, three-year contracts, collectively valued at over $140 million, to deliver technical services and expertise to one of the world’s leading international oil companies (IOC) in Iraq. Wood Group PSN (WGPSN) will provide brownfield front end engineering design, detailed engineering, project management, procurement services, system completion […]
Genel Energy has announced that Paul Schofield has been appointed as Chief Operating Officer. Paul has thirty five years' management and technical experience encompassing all aspects of the upstream oil and gas business. He started his petroleum engineering career at Shell in 1981, subsequently working with Enterprise Oil, Tuscan Energy and Hess. Paul joined Hess […]
Cristal Group has entered into a management agreement with HARCO Erbil, represented by Mr. Mustafa Hariri, to operate the first Emerald Hotel in Erbil. It is the group's second property in Erbil and its third in Iraq. Making the announcement, Mr. Kamal Fakhoury, COO of Cristal Group, said: "Emerald is our Mid market brand and […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th May 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ755 (-3.3%) / $759 (-3.6%) (weekly change) (-30.8% and -33.7% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely piloted […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 20 remittance companies took part in its currency auction on Sunday. A total of $99,419,070 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The senior deputy minister for oil has said that production at the Badra oilfield in Wasit province will reach 65,000 bpd by the end of this year. Fayadh H. Niema made the announcement during his inspection visit to two oil and gas treatment units at the field. Assim Jihad, spokesman for the […]
By John Lee. The United Nations has advertised several new positions in Iraq: Logistics Officer, Dohuk (UNICEF) Logistics Officer, Baghdad (UNICEF) Programme Assistant (UNICEF) Electrician (UNAMI) Administrative Clerk (UNAMI) (Source: UN) (Recruitment image via Shutterstock)
By Adam Lucente for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Fleeing Tuz Khormato residents add more strain on Iraq's Kirkuk Farman Mohammad Rashid is from Kirkuk, and like others from the city he has family in Tuz Khormato. “I have two aunties there,” he […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Four displaced women from Iraq and Syria, now based in Halabja, Iraqi Kurdistan, are running a radio show for other displaced people in the area. Four displaced young women are […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ISIS Bans Satellite TV In Mosul, Hunts Down Internet Users The Islamic State has issued orders banning satellite TV because it spreads false news. They’re also demanding all Internet users’ […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Islamist parties have dominated the Iraqi political scene since the first elections in 2005 after the fall of Saddam Hussein. As a reaction to their long history of being repressed under Saddam's regime — […]
