By Padraig O'Hannelly. Much has been written about the expected lifting of sanctions on Iraq's powerful neighbour, Iran, opening Iranian markets to international commerce and allowing Iran to export more goods and services. But the burning question on the streets of Baghdad, Basra and Erbil is what does all this mean for Iraq? In a […]
AMAR launches appeal to help Yazidi women and girls traumatised by ISIS British charity, the AMAR International Charitable Foundation, will on Wednesday launch an appeal to raise $500,000 (£300,000) to help treat thousands of young Yazidi women and girls who have suffered shocking mental trauma after being kidnapped and sexually abused by Islamic State (IS/ISIS) terrorists. […]
By John Lee. British-based quality consultant Intertek has won a third party inspection procurement contract for the South Oil Company (SOC). Accoring to a report from OilVoice, it is the first time the SOC has appointed a third party inspection company to help ensure the quality and safety of all their projects, which are contracted […]
At a high-level meeting yesterday on the margins of the 70th United Nations General Assembly, the United States of America, the Organization of Islamic Cooperation (OIC), and the UN Office for the Coordination of Humanitarian Affairs (OCHA) called for greater engagement from the international community on the dire humanitarian crisis in Iraq. “The humanitarian crisis […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since the fall of Saddam Hussein's regime following the US-led invasion of Iraq in 2003, there have been hundreds of failed and delayed construction and development projects in the country. A few months after […]
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 Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber, fighter, and […]
WesternZagros Resources has announced its production of light oil in the Kurdistan Region of Iraq averaged approximately 5,000 barrels per day in the third quarter. As previously disclosed, operatorship of the Garmian Block was to transition from WesternZagros to Gazprom Neft Middle East B.V at the end of the exploration period for the block pursuant […]
IBBC hosts ‘Basrah: Open for Business’ Conference in partnership with IENA The Iraq Britain Business Council (IBBC), in partnership with the Iraq Energy Academy (IENA), held a successful conference ‘Basrah: Open for Business’ at the Shams Al Basrah Hotel on the 5th October 2015. Baroness Nicholson of Winterbourne, Executive Chairman of IBBC and UK Trade […]
The UK will provide new life-saving support to tens of thousands of Iraqis forced to flee their homes by the brutal rise of ISIL, International Development Minister Desmond Swayne (pictured) has announced. Speaking during a visit to Iraq, Mr Swayne set out how £20 million in new funding from the UK would provide medical care, […]
By John Lee. Iraq's Ministry of Construction and Housing and Public Municipalities is reported to be about to sign a contract worth 10 billion dinars ($8.6 million) with an Iranian company to buy chlorine and alum for water purification. Tariq al-Kikhany (pictured) said that in view of the cholera epidemic that has hit a number […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks and 12 remittance companies took part in its currency auction on Tuesday. A total of $183,935,819 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
The Kurdistan Regional Government (KRG) exported 18,614,798 barrels of crude oil (an average of 620,478 barrels per day (bpd)) in the month of September through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed 13,898,548 barrels (463,285 bpd on average), while fields operated by […]
