June oil exports from Iraq hit a record average of 3.187 million bpd, up from 3.145 million bpd in May. An average of 3.02 million bpd was exported from the Southern terminals (up from 2.69 million bpd in May), with exports via Ceyhan averaging just 164,700 bpd (down from 451,000 bpd in May). Southern exports were helped by the splitting of output […]
By John Lee. Lockheed Martin has been awarded an $119,200,000 cost-plus-fixed-fee, undefinitized contract action for contractor logistics support (CLS) for the Iraq F-16 program. The work will be performed at Balad Air Base, Iraq, with ongoing CLS support activity in Tucson, Arizona; Fort Worth, Texas; and Greenville, South Carolina, and is expected to be complete by […]
By John Lee. According to a report from TR Zawya, Iraq is planning to issue a total of $11 billion (13 trillion Iraqi dinars) in bonds in the next two months to cover the state budget deficit. Acting central bank governor Ali Al-Allaq told the news agency that the government would issue around $5 billion in domestic bonds […]
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. Officials reported details of the latest strikes, which took place between 8 a.m. Monday and 8 a.m. Tuesday, local time, noting that assessments of results […]
According to casualty figures released today by UNAMI, a total of 1,466 Iraqis were killed and another 1,687 were injured in acts of terrorism, violence and armed conflict in June 2015*. The number of civilians killed was 665 (including 94 civilian police and 136 in Anbar), and the number of civilians injured was 1,032 (including […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Archbishop of Lyon Monseigneur Philippe Barbarin visited Erbil, Kurdistan region in northern Iraq, to participate in the opening ceremony of the Saint-Irénée school for Iraqi children who fled Mosul after IS militants took control […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 7 remittance companies took part in its currency auction on Wednesday. A total of $246,413,346 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. China's Anton Oilfield Services Group (Antonoil) has announced that it has won a bid for what it describes as "the provision of three well's workover and other services in middle Iraq". As the chief contractor for the project operated by an international oil company, Anton is commissioned to provide a series of […]
By John Lee. The Acting Governor of the Central Bank of Iraq (CBI), Ali Al-Allaq, has told TR Zawya that foreign reserves currently stand at $68 billion, while the dinar monetary supply is IQD 40 trillion. "At the daily auction of the central bank, we sell about USD 150 million," he said, "which is more than the USD […]
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. Officials reported details of the latest strikes, which took place between 8 a.m. Sunday and 8 a.m. Monday, local time, noting that assessments of results […]
By John Lee. Reuters reports that the lowest offer in Iraq's tender to buy at least 30,000 tonnes of rice was $431.50 a tonne c&f free out for rice from India. No purchase was believed to have been made in the tender which closed on 28th June with offers having to remain valid until 2nd […]
Kurdistan Region Prime Minister, Nechirvan Barzani, yesterday received a United States congressional delegation, led by Congressman Rob Wittman. In the meeting, which was also attended by Kurdistan Region Deputy Prime Minister, Qubad Talabani, Mr. Wittman commended the Kurdistan Region Peshmerga Forces for having been able to repulse the attacks of the Islamic State terrorist organisation, […]
