By John Lee. The Iraqi Council of Ministers has approved the expenditure needed to drill 23 oil wells in the West Qurna area. The drilling had been recommended by the Economic Ministerial Committe, and is to be carried out by the South Oil Company (SOC) and the Russian company Lukoil. (Source: AIN) (Oil drilling image […]
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. An Officer but No Gentleman: Fraudsters Promise Army Jobs in Karbala Criminals in Karbala are exploiting the security crisis and expectations about military corruption by promising young men a job […]
By John Lee. Iraq's new Basra Heavy crude grade is now expected to be further delayed. Reuters quotes sources as saying that the State Oil Marketing Organization (SOMO) has informed oil companies that it will start supplying Basra Heavy against entitlements from June instead of May. (Source: Reuters)
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. Matter of National Security? The Turkish-Kurdish 'Secret Agreement' An 18-month-old “secret agreement” between Iraqi Kurdistan and Turkey goes for 50 years and potentially affects national security and oil exports. Nobody […]
Advertising Feature Southern Iraq’s pre-eminent valve engineering specialist was recently awarded its fourth contract for valve management in the Rumaila field. It has also achieved its mid-term target for workforce localisation. Severn Valve Solutions is an authority in valve performance, compliance and reliability. The business draws on 50 years of OEM valve expertise, 30 years’ […]
By John Lee. Iraq's Independent High Electoral Commission (IHEC) has reportedly rejected a request for referendum to make Basra an autonomous region. Anadolu Agency reports that Commission said it had received an official request from Basra city that included the signatures of 44,366 citizens, but the lists were missing the signatories' identification numbers and ration […]
Recent fighting in and around Ramadi, the capital of Anbar province, has forced tens of thousands of people to flee to the cities of Baghdad, Habbaniyah and Amiriyat al-Fallujah, leaving most of their belongings behind. The ICRC is bringing urgent aid to these displaced families. Parts of Anbar have seen spells of heavy fighting since […]
By John Lee. France's Technip, in partnership with UNICO, a Japanese engineering consultant, has been awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by Ministry of Oil's South Refineries Company (SRC), covers the engineering, procurement, construction, commissioning, start-up and warranty management phase […]
Iraq’s Prime Minister and many of his most senior colleagues will address a top-level international business conference being held in Baghdad later this week. Organised by the Iraq Britain Business Council (IBBC) together with Iraq’s National Investment Commission (NIC) and the Federation of Iraqi Chambers of Commerce, the event will also be attended by senior […]
By Madeleine White. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. Iraq is polluted. In fact the significant levels of pollution in Iraq are such an open secret that people simply accept that this is the way it is, along with the cancers and health […]
Foreign Minister Dr. Ibrahim al-Jaafari, accompanied by Consul General Ahmad Nazem Jawad, has opened the new building of the General Consulate of the Republic of Iraq in Los Angeles. The opening ceremony was carried out by ribbon-cutting and unveiling a plaque chronicling the opening date. The minister, in the presence of the guests, toured the […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Monday. A total of $142,515,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
