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. The rejection of US, regional or international intervention in Iraq is a subject that has almost become more interesting in Iraq than the fight against the Islamic State (IS). The politicians, the […]
By John Lee. Reuters reports that Iraqi Kurdistan plans to increase the capacity of its oil pipeline to the Turkish port of Ceyhan to 700,000 bpd. Work to upgrade the line is expected to boost the flow from 280,000 bpd at present to 400,000 bpd by year-end, eventually reaching the design maximum of 700,000 bpd. A […]
By Padraig O’Hannelly. Readers of Iraq Business News will already know Baroness (Emma) Nicholson of Winterbourne (pictured) as the UK’s Trade Envoy to Iraq, and as Chairman of the Iraq Britain Business Council (IBBC). We met with her recently to discuss the work of her charity, the AMAR International Charitable Foundation, which is facing new […]
By John Lee. Nechirvan Barzani (pictured), Iraqi Kurdistan's Prime Minister, has denied reports that Iraq’s State Oil Marketing Organization (SOMO) will open an office in Erbil. Kurdish MP, Dilshad Sha’ban, has also told BasNews: “After we heard reports of SOMO wants to open office in Kurdistan region, we followed on the report, and we found […]
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. An Iraqi blogger wrote on the Facebook page "Buying and Selling Weapons in Iraq,” an account he also manages: “Needed anti-armor rocket propellers. Anti-personnel missiles available." This Facebook page consists of […]
According to casualty figures released today by UNAMI, a total of at least 1,273 people were killed and another 2,010 were injured in acts of terrorism and violence in October*. The number of civilians killed was 856 (including 139 civilian police), while the number of civilians injured was 1,490 (including 172 civilian police. A further […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The conflicts in Iraq and Syria have disrupted the education of millions of children as schools turned into refugee centres habrouring hundreds of thousands of familes who have been displaced. More than 400 […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In northern Iraq, Al Jazeera's been seeing how Kurdish Peshmerga gunmen are battling ISIL fighters. They are fighting control of the town of Rabea close to the Syrian border. Al Jazeera's Charles Stratford […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fighting in Iraq has displaced nearly two million people as the Islamic State of Iraq and the Levant (ISIL) continue their offensive across much of the country. With half of all refugees seeking […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Monday. A total of $205,334,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and brings the total value of the contract to more than US$300 million since it was first awarded in […]
By John Lee. Oryx Petroleum has announced an appraisal drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-7 and Demir Dagh-8 appraisal wells (“DD-7” and “DD-8”, respectively). Oryx Petroleum is the operator and has a 65% participating and working […]
