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 Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter, attack, ground-attack […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 22 banks and 20 remittance companies took part in its currency auction on Sunday. A total of $164,175,000 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] (pictured) told Reuters on Thursday that Iraq’s plans to increase oil output this year will go ahead, with exports running in January at a record level and unaffected by Iran’s return to the market. He told the news agency he expects output from the […]
Anton Oilfield Services Group (Antonoil) has announce today that the Group has received a notification from an internation oil company (IOC) customer operating at an oilfield in southern Iraq stating that Antonoil has been named as the preferred bidder for related oil production operation and maintenance services project on the site. In this regard, both […]
By John Lee. In a results statement this morning Schlumberger reported that its activity in Iraq has continued to decline, adding: "In Iraq, Wireline introduced LIVE PL digital slickline production logging services for the Rumaila Operating Organization in the Rumaila Field. LIVE PL technology provided real-time production logs on wells where memory logging was previously […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. They are among the most trusted allies of the international coalition in the fight against ISIL in Iraq. Kurdish fighters benefit from military and political support. But they are also being accused of […]
By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. It’s official: Sunnis joining Iraq's Popular Mobilization Units Sunnis are saying "sign me up" now that Iraqi Prime Minister Haider al-Abadi has approved the appointment of 40,000 Sunni fighters to the Popular […]
By John Lee. Iraq's Etihad Food Industries will reportedly start production at its new $100-million edible oils refinery in Babylon by the end of the year. Commercial Director Haidar Alnoumany told Reuters that the company started building the infrastructure two months ago, and when in production it will source crude (edible) oil from many origins […]
Prime Minister Dr. Haider Al-Abadi met the President of the World Bank, Mr. Jim Yong Kim, and his accompanying delegation on Thursday on the sidelines of the World Economic Forum in Davos. During the meeting, they discussed the World Bank's support for Iraq with expertise and simplification of procedures and help to reform the banking […]
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. Between Black Gold, Bleak Prospects: Visiting The Iraqi Shanty Town Between Two Oil Fields NIQASH visits Wasit's Oil Town. But this is no wealthy area for oil billionaires. This shanty […]
By Saad Salloum for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Unlike other religious minorities in Iraq, Sabian Mandaeans meet their election quota by selecting members within their community for parliament and provincial councils. The community’s three bodies — the Spiritual Council, General Assembly and […]
By John Lee. The US State Department has approved a possible Foreign Military Sale of F-16 weapons, munitions, equipment, and logistics support to Iraq. The estimated cost is $1.950 billion. The Government of Iraq requested a possible sale of additional weapons, munitions, equipment, and logistics support for its F-16 aircraft. Major Defense Equipment (MDE) includes: […]
