By Patrick Schmidt. Since the outbreak of violence in Iraq, due to the rise of the Islamic State, the American government has supplied massive amounts of military aid to the Iraqi government. A recent report from Bloomberg indicated that part of the aid given to the Iraqi government has been passed along to Shia militias. […]
By John Lee. A Texas court has ruled that the case of a disputed shipment of crude oil from Iraqi Kurdistan, which has been waiting off the Galveston coast for several months, falls within its jurisdiction. The court also rejected the Kurdistan Regional Government's claims of sovereign immunity, leaving the way open for Iraq's oil […]
By John Lee. A source at Iraq’s North Oil Company has said that technical problems have stopped the export of Kirkuk crude oil to Turkey via the Kurdistan pipeline. He told BasNews that the problem happened in Turkey, not in the Kurdistan Region. It remains unclear when the problem will be resolved. (Source: BasNews)
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. Social media user Kamal Rahal expressed his wish for Iraqi nurses to “get married and have a happy life” on the "Iraq Nurse" Facebook page. Rahal did not make this wish out of the […]
By John Lee. Following the strengthening of relations between Iraq and Saudi Arabia, and the planned reopening of the Saudi embassy in Baghdad next week, there is now a real possibility that the oil pipeline between the two countries could be reinstated. Saudi Arabia closed its embassy in Baghdad following Iraq's invasion of Kuwait in […]
By John Lee. Tehran Times reports that Iran plans to increase production from the Yadavaran oilfield, which straddles its border with Iraq, from 50,000 barrels per day to 85,000 bpd by September of this year. Iran began production at the oilfield in March 2012, while Iraq has yet to start. Iran shares the Yadavaran, Azadegan, and […]
Days before snow was expected to fall in the foothills of Dohuk, Iraq, 900 families are moving into the new camp for internally-displaced persons (IDPs) built through the collaboration of 8 UN agencies planned and led by UN-Habitat. UN-Habitat’s acting Regional Director from Arab States, Mr Dyfed Aubrey and UN-Habitat’s Country Director Dr Erfan Ali […]
By John Lee. Zain Group has announces that its mobile operation in Iraq launched 3.9G voice and data services across the country on January 1, 2015. The launch came following the finalization of an agreement with Iraq’s Communications and Media Commission (CMC) on November 10, 2014, which culminated in Zain Iraq making an initial 25% […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 13 banks took part in its currency auction on Thursday. A total of $141,979,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Wood Group Intetech (WG Intetech) has successfully completed a six-month project for Hungary's MOL Group, which saw WG Intetech develop a detailed design for an acid gas reinjection well on MOL’s Akri-Bijeel field in Iraq. The scope of the agreement included well design and comprehensive materials selection for all well components. Dr […]
By John Lee. In support of the Iraqi Security Forces (ISF), the United States has donated 250 mine-resistant, armor-protected (MRAP) vehicles to the Iraqi Government. U.S. Ambassador to Iraq, Stuart Jones, commented: “The number one threat to the Iraqi security forces are roadside bombs and vehicle-borne bombs…These MRAP vehicles provide increased ballistic and counter mine […]
The Ministry of Health in Iraq, in collaboration with the World Health Organization (WHO), has confirmed that there is no suspected case of Ebola Virus Disease (EVD) in Iraq as of January 5th 2015. On 31 December, 2014, Al-Sabah newspaper, Shafaq news agency and Rudaw online newspaper reported a rumor of EVD cases in Mosul, […]
