Honeywell has announced that it will provide industry-leading process technology and advanced automation controls to Iraq’s Karbala refinery, now under construction in Karbala Province, about 120 kilometers south of Baghdad. According to a statement from the company, the grassroots refinery will use industry-leading refining processes from Honeywell UOP and automation controls from Honeywell Process Solutions […]
By John Lee. Iraqi Finance Minister Hoshyar Zebari has said that the oil pipeline between Iraq and Jordan is a priority for the Iraqi government. He told the Jordanian news agency Petra that Baghdad is currently considering the best alternatives to change the pipeline’s course to pass through safer areas inside the country. The added […]
The local government in Dhi Qar province has signed a memorandum of understanding with a number of Korean companies in various fields, notably investment, infrastructure, and construction of residential complexes. The head of Dhi Qar province Council, Hamid Naeem Gizi said in a statement: "After series of meetings with a group of Korean companies , […]
Falling oil prices have driven the Kurdish region of northern Iraq to the brink of bankruptcy. Government salaries have not been paid for months, and citizens are suffering - some are being forced to take second jobs. Al Jazeera's Imran Khan reports from Erbil:
Iran has agreed to send 35 mcm/d of its gas to the Iraqi city of Basra for a period of 6-years. Based on the deal, signed by Head of National Iranian Gas Company (NIGC) Reza Araqi and Iraqi Deputy Minister of Electricity Khalid Hassan Saleh, Iran will supply 20mcm/d of natural gas to Basra in […]
Oryx Petroleum has announced its financial and operational results for the three and nine months ended September 30, 2015 and its capital expenditure budget for 2016. All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated. Financial Highlights: Total revenues of $4.2 million on working interest sales […]
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 Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter, attack, and […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The deteriorating security situation in the Iraqi capital has prevented Noor Jamal Abdul Hamid from going to Mutanabbi Street to shop for books and stationery. Abdul Hamid is a young woman who […]
By Padraig O'Hannelly. This week in London, the Iraq Britain Business Council (IBBC) held its annual Autumn Conference, taking as its theme "Iraq in the Global Marketplace". A full house of senior executives, diplomats and public officials shared their views and experiences of business in Iraq, and discussed what Iraq can do to raise its […]
One of the UKs leading liberal arts institutions is offering a fully funded postgraduate scholarship to students from Iraq. Bath Spa University announced at the Iraq Britain Business Council (IBBC) conference in London that it is offering the scholarship for postgraduate research into Women in Leadership in Higher Education. This new scholarship is part of […]
By John Lee. Iraq has invited interested companies to submit proposals to run a fourth mobile phone service in the country. The state-run Communication and Media Commission (CMC) said the planned license will run for 15 years, with the possibility of renewal. Interested companies have until 20th November to submit papers. Iraq's existing three mobile […]
By John Lee. Occidental Petroleum intends to sell its stake in the Zubair oilfield to Iraq's state-run South Oil Company (SOC), according to a report from Reuters. The news agency quotes ministry spokesman Asim Jihad as saying on Wednesday: "Occidental asked the ministry for permission to sell its stake in Zubair field and the ministry […]
