Oryx Petroleum Corporation has announced an update regarding development, production and sales for the Demir Dagh field in the Kurdistan Region of Iraq ("KRI"). Highlights: The Demir Dagh-7 well will be tied into the Demir Dagh production facilities in the coming weeks, taking total Demir Dagh gross (100%) productive capacity to more than 15,000 bbl/d […]
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. Communication Shut Down: Why Extremists In Mosul Have Blocked All Telecommunications The extremist group controlling Mosul in northern Iraq has decided to shut down most mobile telecommunications inside the city. […]
By John Lee. An investigation into corruption in the Iraqi army has revealed 50,000 false names on its payroll. Known in the military as "ghost soldiers", they either did not exist or no longer reported for duty, but their salaries were still being paid, according to a report from BBC News. It is thought that […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Talk of reforming the military and security institutions is no longer internal to Iraq, but is now an international demand that has attracted the attention of US Secretary of State John Kerry […]
Shell and the Foundation of Football Club Barcelona (FFCB) have signed an agreement extending the award winning extra-curricular school programme “FutbolNet”, for an additional two seasons in Basrah. The “FutbolNet” programme is based on FFCB’s methodology of using football to develop life and leadership skills, respect, tolerance, teamwork, responsibility and effort amongst children and encouraging […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The fight against the Islamic State of Iraq and the Levant group has displaced thousands of people from their homes in Iraq. Many fled flashpoint areas in the country to safer neighbourhood in […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 18 banks took part in its currency auction on Thursday. A total of $ 164,248,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. DNO ASA, the Norwegian oil and gas operator, today confirmed receipt of USD 30 million (36 billion Iraqi dinars) as first payment for oil exported by the Kurdistan Regional Government from the Tawke field during 2014. The payment will be shared by DNO (USD 20.625 million) and partner Genel Energy plc (USD […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Sana al-Khafaji, an employee in Iraq’s Ministry of Construction and Housing, was surprised by the $100 deduction from her monthly salary paid by the Iraqi government, following news about an expected government […]
By John Lee. Three gunmen wearing military uniforms have stolen more than 250 pounds of gold from a jeweler in Baghdad. A senior police official told NBC News that the men, traveling in a Land Cruiser with no licence plate and tinted windows, stopped a car belonging to the jeweler near the International Zone and […]
By John Lee. Iraqi Prime Minister Haider al-Abadi (pictured) has 'retired' 24 officials from the Interior Ministry. In an announcement on Monday, the Prime Minister's office said the move was "an effort to reform the institutions and to restructure the security forces and make them more effective in counter terrorism". New officers have been appointed […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's government has reached a temporary agreement with authorities in the Kurdish region to end a dispute over oil exports and budget payments to the semi-autonomous region. Al Jazeera's Jane Arraf reports from […]
