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 $181,066,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Kuwait Energy has announced that the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at 'Block 9', Iraq. The successful discovery was at the consortium's second target, the Yamama formation at 4,000 meters, in its Block 9 exploration well, ‘Faihaa-1’, located in Northern Basra, Iraq. […]
The US State Department has approved a possible Foreign Military Sale to Iraq for M1A1 Abrams tanks and associated equipment, parts and logistical support for an estimated cost of $2.4 billion. The Government of Iraq has requested a possible sale of 175 Full Track M1A1 Abrams Tanks with 120mm Gun modified and upgraded to the […]
Emirates Airline and Boeing partnered with a US-based non-profit organization, Another Joy Foundation, to transport a consignment of critically-needed blankets and sleeping bags on board the airline’s newly delivered Boeing 777-300ER (Extended Range). This is the sixth time since 2009 that Emirates and Boeing have collaborated to transport humanitarian aid to countries to the needy in […]
2014 has been a stellar year for our dedicated panel of Expert Bloggers. As we draw the year to a close, our newsletter this week highlights just some of their contributions from the previous twelve months. We'd like to thank all of them, and our Guest Bloggers, for their expert analysis and comment, and we […]
By Padraig O'Hannelly. The Director for the Middle East & Asia at the US State Department's Bureau of Energy Resources has said that while the Islamic State (ISIS, ISIL, IS) is not able to fully exploit the oilfields under its control, it could be able to produce as much as 50,000 barrels of oil a […]
By Padraig O'Hannelly. DNO Chairman Bijan Mossavar-Rahmani (pictured) has given an upbeat assessment of the company's operations in Iraqi Kurdistan. Addressing CWC's Kurdistan-Iraq Oil & Gas Conference in London last week, he said that the Tawke well was on target to hit a cumulative output of 100-million barrels of oil at some point in the […]
By John Lee. Shell and oil and gas training standards body, OPITO, have joined forces to ensure workers are trained to the globally recognised H2S standard. A corrosive and hazardous gas, also known as “sour gas”, hydrogen sulphide (H2S) occurs in the production of oil and gas fields which have a high content of this […]
Emergency Relief Coordinator Valerie Amos (pictured) has approved the allocation of nearly US$15 million from the Central Emergency Response Fund (CERF) to support newly displaced families in Iraq. "This contribution is extremely timely given the persistent increase in displacement of the Iraqi population since September,” Jacqueline Badcock, the Deputy Special Representative of the UN Secretary-General […]
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. Low Supplies, Political Disputes In Anbar: Not Long Now Before Extremists Take Over Last week, fighters from tribes in Anbar were forced to give up their hold on the town […]
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. Iraq’s New Women’s Affairs Minister: ‘Women Should Have Freedom To Wear What They Want’ Bayan Nouri has a tough job over the next four years – the new Minister for […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The battle over civil liberties has erupted again, after a draft law written under the government of former Iraqi Prime Minister Nouri al-Maliki on freedom of expression, assembly and peaceful protest was returned to parliament […]
