By John Lee. Prime Minister Haider Al-Abadi chaired a meeting of the ministerial crisis unit on Sunday, attended by the ministers of Oil, Finance, and Planning, and by the governor of the Central Bank and a number of advisors and specialists. Abadi emphasised the importance of stimulating economic growth to compensate for the drop in […]
The International Organization for Migration (IOM) in Iraq this week signed a Memorandum of Understanding (MoU) with Bahjat al-Baqir Charitable Institution in Baghdad to advance humanitarian programs in response to the current crisis. The agreement covers cooperation in emergency response distributions, provision of health and psychosocial services, and livelihoods programming. The organizations will also collaborate on […]
By John Lee. Reuters reports that Iraq's plan to split its Basra crude into 'heavy' and 'light' grades from May should reduce quality issues dogging its exports, but adds that there will be challenges getting the price it wants and setting up the required infrastructure. An official at the state-run South Oil Company (SOC), who […]
By John Lee. The Iraqi Oil Minister Adil Abdul Mahdi claims that the Islamic State (IS, ISIS, ISIL) are selling oil for as little as $30 a barrel. BasNews quotess the Minister as saying that the militants are getting their oil from two major sites in Salahaddin Province; the Allas and E’jeel oil fields. This […]
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. Kurdistan of the South? Basra Takes Further Steps Toward Independence Inside Iraq Those who believe that the resource-rich province of Basra would be better off as a semi-autonomus region say […]
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. Senior Kurdish Intelligence Officer: Freeing Mosul Is A Job For The People Of Mosul A senior member of Iraqi Kurdistan's intelligence services , Nazhat Hali, talks to NIQASH about the […]
By John Lee. The German newspaper Sueddeutsche Zeitung reports that the Islamic State (IS, ISIS, ISIL) now has control of just one functioning oil field in Iraq, the Qayara field south of Mosul in Nineveh Province. As a result, oil production in areas under its control is now estimated at 2,000 bpd, just 5 percent […]
By John Lee. The foundation stone has been laid for a $92-million (108-billion-Iraqi-dinar) project to build 716 apartments in Dhi Qar, following the resolution of land disputes in the area. The Kashmara-1 project is being undertaken by the Al Mansour Company for Constructional Contracts, an affiliate of Iraq’s construction and housing ministry, and the UK’s […]
By John Lee. Iraq has scored 113th out of 133 countries surveyed in the latest Social Progress Index. The Social Progress Index is an aggregate index of social and environmental indicators that capture three dimensions of social progress: Basic Human Needs, Foundations of Wellbeing, and Opportunity. The Index measures social progress strictly using outcomes of […]
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. Ninawa Governor Al-Nujaifi: 'Iraqi Govt Promised Us Shiite Militias Won't Fight in Mosul' The governor-in-exile of Ninawa, Atheel al-Nujaifi, outlines his ideas for how best to liberate Ninawa's capital, Mosul, […]
By John Lee. Genel Energy has announced that it has completed its issue of the U.S. $230 million 7.5% senior unsecured bonds due 14 May 2019. As part of the issue of the bonds, Genel Energy Finance 3 plc (as issuer) and Genel Energy plc (as parent) entered into a bond agreement on 9 April […]
Gazprom Neft, the operator of the Badra field development project, has received the first batch of Kirkuk grade oil from the Iraqi government. The crude oil has been given to the company in compensation for its investment in the field development. 500 thousand barrels (about 70 thousand tonnes) of oil was delivered in the first […]
