By John Lee. Shares in Irish-based Petroceltic International have risen more than 20 percent on Monday following the announcement of that the company is in detailed discussions regarding a possible offer to be made by Dragon Oil. With the support of the Board and management team of Petroceltic, Dragon Oil has completed an extensive confirmatory […]
By John Lee. Rudaw reports that Russia's Gazprom Neft has been forced to halt operations at its Halabja block following demonstrations by hundreds of protestors from 34 villages around the town of Darbandikhan. According to the report, the protesters have given the oil company until 20th October to stop all exploration activity, claiming that “scientific […]
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. Erbil, Baghdad Strengthen Ties in face of Islamic State It was never impossible to repair the long-strained relationship between the Baghdad and Erbil governments. Compromise had always been available to both parties. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd October 2014). Note: ISX will be closed starting from October 2, 2014 to October 11, 2014 due to the national holiday of Eid Al- Adhha. The next session will be held on Sunday, October 12, 2014. Please click here to download a […]
By John Lee. Denmark's Maersk Oil is re-starting its operations in Iraqi Kurdistan, having pulled out in August due to the threat posed by the Islamic State (IS). Company boss Jakob Thomasen (pictured) told Børsen: “It’s obvious that the things that have happened over the summer haven’t been pleasant to witness for Maersk Oil, a […]
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. In Iraqi Classrooms, Sunni Muslim Extremists Ban Evolution, Patriotism And Literature In areas under the control of Sunni Muslim extremists, teachers have been issued a special set of instructions. Among […]
By John Lee. Turkish construction giant Enka has reportedly struck a deal with the Iraqi government to build two natural gas combined cycle plants in Baghdad and Sulaymaniyah. The two projects combined are expected to provide 3,000 megawatts to the Iraqi grid. According to the report from Daily Sabah, the deal, covering the construction of […]
A “staggering array” of gross human rights abuses and “acts of violence of an increasingly sectarian nature” were committed by the group, the Islamic State of Iraq and the Levant (ISIL) over a period of nine weeks, the United Nations reported today. The report, produced jointly by the UN Assistance Mission for Iraq (UNAMI) and […]
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. The ‘Astronaut’ Problem: Iraqi Soldiers Who Pay Money To Officers So They Don’t Fight The Iraqi army is suffering badly from what locals describe as the “astronaut phenomenon”. That is, […]
By John Lee. WesternZagros Resources has, subsequent to its declarations of commerciality and submissions of development plans, and in accordance with its accounting policies, completed an independent evaluation and a new independent audit of its light oil discovery on the Garmian block in the Kurdistan Region of Iraq. The evaluation has, for the first time, […]
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. Spokesman For Iraqi Kurdish Govt: ‘New US Airbase in Erbil No Threat To Iran’ NIQASH interviewed Safeen Dizayee, the spokesperson for the government of semi-autonomous Iraqi Kurdistan. During a candid […]
According to casualty figures released by UNAMI, a total of at least 1,119 Iraqis were killed and another 1,946 were injured in acts of terrorism and violence in September*. The number of civilians killed was 854 (including 79 civilian police), while the number of civilians injured was 1,604 (including 84 civilian police). A further 265 […]
