By John Lee. According to a report from Reuters, Indonesia's state-owned energy company Pertamina hopes to seal a deal this year with an un-named Indian refiner to process around 1 million barrels of Iraqi crude oil each month. Chief Executive Dwi Soetjipto (pictured) told reporters: "It is better if we purchase the crude and then utilize […]
By John Lee. Finance Minister Hoshiyar Zebari (pictured) has said that Iraq is inclined to accept a global deal to freeze oil production in order to lift crude oil prices. He told Reuters: “The idea of a freeze in production is I think acceptable to all parties, even to us. “Everybody is suffering from this […]
By Ariane Rummery, UNHCR spokesperson. The UN Refugee Agency is concerned about a rising trend of newly-displaced Iraqis being forcibly transferred to camps where restrictions on their freedom of movement are imposed in a manner disproportionate to any legitimate concern, including those related to security. While recognizing the responsibility of authorities to undertake security screening […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 19 remittance companies took part in its currency auction on Wednesday. A total of $92,104,922 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. The Midland Refineries Company (MRC) has been awarded the international standard ISO 9001: 2008 by the Central Organization for Standardization and Quality Control (COSQC). The company was awarded with the certificate having met the required conditions for three years. (Source: Ministry of Oil)
By John Lee. Iran’s Amirkabir University of Technology has plans to offer educational services in Southern Iraq. Amir Golroo, assistant professor at the university's Department of Civil & Enviromental Engineering, told Trend that a separate office for Amirkabir University is being built on campus at of one of Iraqi universities: "We are especially focusing on […]
By John Lee. The World Bank has awarded Iraq's Ministry of Oil a certificate of appreciation for its efforts and success in reducing the flaring of associated gas. The award was made for the work of the Basra Gas Company (BGC), by the Bank's Global Gas Flaring Reduction Partnership (GGFR), a public-private initiative comprising international […]
The American University of Duhok has been officially opened in a ceremony held on Tuesday. The ceremony was attended by Kurdistan Region President, Masoud Barzani, Prime Minister Nechirvan Barzani, Chancellor of Kurdistan Region Security Council and Honorary President of the American University of Duhok, Masrour Barzani, a number of foreign diplomatic representatives and KRG and […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter aircraft conducted […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 16 remittance companies took part in its currency auction on Tuesday. A total of $97,749,827 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraq's Ministry of Oil quotes a report by Rystad Energy as saying that Iraq has the world's third-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. […]
By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] visited Egypt and headed a delegation to attend the Tripartite Meeting of the oil Ministers of Iraq, Egypt and Jordan to complete the discussions about the oil and gas transportation pipeline. He signed a memorandum of understanding with the Egyptian minister of petroleum and […]
