By John Lee. The President of BP Iraq has said that the company has been lifting more crude oil cargoes in the past couple of months, as payment for its work in the Rumaila oil field (pictured). Michael Townshend told reporters that current production at Rumaila is about 1.4 million bpd and is expected to remain […]
By John Lee. In its Interim Management Statement this morning, Dragon Oil gave the following update on its operations at Block 9 in Iraq: "In 2014, the partners in Block 9 in Iraq, announced the discovery of oil in two formations in the consortium's first exploration well, Faihaa-1 in which Dragon Oil holds 30 percent. […]
By John Lee. Iran's PressTV reports that preliminary tests have been carried out over 50 kilometers of the final stretch of the pipeline from Assaluyeh, near Iran's offshore South Pars oil and gas field, to Iraq. A spokesman for the National Iranian Gas Company (NIGC) said the next test will be carried out over the […]
By John Lee. Prime Minister Haider al-Abadi's spokesman, Rafid Jaboori (pictured), has resigned after a video showing him singing the praises of former President Saddam Hussein circulated across social media. The former BBC journalist admitted taking part in the video more than 15 years ago, but described it as a mistake and apologised. "I was […]
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. It is no new phenomenon that students in Iraq are exposed to physical punishment at the hands of their teachers. But a video posted on YouTube and social media sites on March 25 showed a […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th April 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,129 (-1.6%)/ $1,127 (-1.2%) (weekly change) ) (-19.0% and -24.0% YTD change, respectively). The number of week traded […]
Humanitarian agencies are rushing to provide assistance to more than 90,000 people fleeing clashes in Anbar Governorate. “Our top priority is delivering life-saving assistance to people who are fleeing-- food, water and shelter are highest on the list of priorities,” Lise Grande, the Humanitarian Coordinator for the United Nations in Iraq said. Civilians are fleeing […]
RSK’s combined geotechnical-chemical laboratory just outside Basra has achieved accreditation to ISO/IEC 17025:2005, the international standard for competence of testing laboratories. The ISO/IEC 17025:2005 accreditation, which was awarded by the Gulf Cooperation Council Accreditation Centre, an accredited body of the International Laboratory Accreditation Cooperation (ILAC) in March 2015, specifies the general requirements required for a […]
Qatar Airways has has announced that it will double the frequency of flights to Basra and Najaf. There will be eight flights per week to Basra from 16th May, and 8 per week to Najaf from 2nd June. Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “Qatar Airways is committed to […]
By Karima H’mimsa. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. Iraqi women continue to face widespread instances of gender based violence. According to the information provided by a number of governmental and non-governmental sources to UNAMI(report on human rights in Iraq) , the main […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands of families continue to flee the Iraqi city of Ramadi as the Islamic State of Iraq and the Levant (ISIL) group closes in on the capital of Anbar province, clashing with Iraqi […]
By John Lee. Iraq is requesting the U.S. Export-Import Bank (Ex-Im Bank) to finance the purchase of 10 planes from Boeing. Finance Minister Hoshyar Zebari told reporters in Washington that the planes have already cost the government $500 million (600 billion Iraqi dinars). If the request is granted, Boeing would repay the money it has […]
