By John Lee. Ravil Maganov (pictured), who oversees Lukoil's exploration and production, has said total investment in the West Qurna-2 field was expected to exceed $30 billion. At its peak in 2019, he said he expects oil production at the field to hit 1.25 million bpd. The world's second-largest undeveloped field, with recoverable oil reserves of around […]
By John Lee. The Turkish Energy Minister Taner Yildiz (pictured) said on Friday that Turkey is to sell an additional 4,000 tons/day of refined oil to Iraq in an attempt to ease the shortages caused by the current unrest, and in particular by disruption to production at Baiji [Bayji] oil refinery. He told reporters Turkey […]
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. Iraqi Media Fail: Encouraging Sectarian Division, Spreading Rumours, Causing War The way that the Iraqi media have covered the current crisis has left a lot to be desired. Instead of […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Arwa Damon reports on how Iraqis are living under ISIS control in Mosul:
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. Ayad Allawi, the former Iraqi prime minister and leader of the Iraqi Nationalist ("Wataniya") Party, blamed the Iraqi government for policies that have allowed it to be "defeated by a bunch of […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Bribery, corruption, and nepotism have led some analysts to say Iraq's military has been "built to fail". Billions of dollars have been spent rebuilding the military since the fall of Sadaam Hussein, but […]
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. Iraqi Kurdish City on High Alert, with Jihadi Monitoring and Prayer Groups Banned With extremists moving in next door, the Iraqi Kurdish province of Sulaymaniyah [Slemani] is ramping up security […]
By John Lee. The KRG's Minister for Natural Resources, Ashti Hawrami (pictured), has told Reuters that the Kurds have plans to increase their oil exports eight-fold by the end of 2015. He said Kurdish oil exports could double "within a month or so" to around 250,000 bpd and hit 400,000 bpd by the end of […]
By John Lee. At the first session of the new Erbil Governorate Council this week, Mr. Nawzad Hadi was elected as the Governor of Erbil, with Ali Rashid as head of the governorate council, and Azad Ikram Bahram as deputy head. (Source: Erbil Governorate)
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. NIQASH visited Hawija, a large northern Iraqi town near Kirkuk, which is currently controlled by Sunni Muslim extremists and local tribes. The town is dominated by ISIS’ black flags and […]
By Andrew Parasiliti for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s ambassador to US: war with ISIS 'acid test' of US-Iraq ties Iraq’s ambassador to the United States said June 26 that his country’s preference is to rely on US military assistance […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. One of Iraq's most powerful Shia leaders has joined a chorus of calls for a national unity government. Moqtadr Al Sadr says Iraq risks spiraling into chaos without a change of leadership. Al […]
