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. A Committee For Reconstruction – The Cure For Iraq’s Economic Woes? Thanks to security problems, political bickering and a lack of vision, there are thousands of development and construction projects […]
The KRG Ministry of Planning and the United Nations have finalised an immediate response plan for Iraqi IDPs sheltered in the Kurdistan Region, including clear objectives to be met by 15 November 2014. The joint document states: "This massive influx of people in a short period has created a grave humanitarian crisis and is pushing […]
By John Lee. Petrofac has also been awarded a major contract in Iraq to provide general construction management services to BP Iraq NV (BP) on the Rumaila field near Basra. Petrofac will provide management and personnel to manage brownfield modifications to assist BP – and its partners in the Rumaila Operations Organisation (ROO), China National […]
By John Lee. Iran’s oil minister, Bijan Namdar Zanganeh (pictured), has said that Iran is actively working in all the oil fields it shares with Iraq, and will extract its entire share of oil in these joint fields. The was speaking during a visit to Cheshme Khosh Oil Company in Dehloran, near the Iraqi border. […]
By John Lee. In its Drilling and Production Update issued today (Friday), Dragon Oil has said that it plans more detailed testing at its Mishrif site: "On 10 September 2014, the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) reported its first oil discovery at Block 9, Iraq. "The successful discovery […]
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. Money-Making Plots: Extremists Now In Real Estate Business In Mosul The Sunni Muslim extremist group that has taken over the northern city of Mosul has a new source of income: […]
By John Lee. A tanker carrying crude oil from Iraqi Kurdistan is finally believed to have been unloaded. The United Leadership had been sitting off the Moroccan coast for more than three months, but Reuters reports that at the end of September it sailed away and appears to have been lightered somewhere in the Mediterranean. […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Until ten days ago the Iraqi town of Taza Khormatho [Tuz Khormato,Tuz Khurmatu], just south of Kirkuk city, was in the hands of ISIL fighters. But a week ago the Iraqi army and […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Shiite community has much more religious coherence than its Sunni counterpart. This raises several questions for Sunni authorities, including the ones raised by prominent Iraqi Sunni cleric Sheikh Ahmad al-Qabisi in response to Ali […]
By John Lee. Lukoil president Vagit Alekperov (pictured) is to meet Iraq's Minister for Oil, Adel Abdul-Mahdi [Adil Abd al-Mahdi], to discuss the expansion of the company's operations in the country. The head of the Russian oil company told journalists: "I will be in Baghdad on October 13 to meet the oil minister. I hope, […]
By John Lee. A new report from the International Monetary Fund (IMF) has forecast that the Iraqi economy will contract this year due to continuing war against the Islamic State. In its October World Economic Outlook, it says that Iraq's gross domestic product (GDP) is expected to shrink by 2.66 percent this year, down from […]
By John Lee. Iraq's Minister for Reconstruction and Housing, Tariq al-Khikani (pictured), has laid the corner stone for a housing complex in Maysan [Missan]. According to a report from Aswat al-Iraq, the housing complex comprises of 708 housing units with a total value of 187 billion Iraqi dinars [$160 million]. (Source: Aswat al-Iraq)
