By John Lee. Iraq's crude oil exports increased nearly 6 percent in April from the previous month. Shipments averaged 2.51 million bpd in April, bringing in revenues of $7.582 billion at an average price of $100.691 per barrel. March's 2.37 million bpd brought in $7,507 billion. (Source: Ministry of Oil)
UK-based EAME Consultants has announced its appointment as professional environmental adviser to Zubair Terminal Company SAL (ZTC), based in Beirut and Dubai. It was established to develop and operate a greenfield terminal project at the port of Khor al-Zubair in Iraq, in association with its strategic partners, Peel Ports Group (Portia Management Services Ltd), Beirut […]
By Harith Hasan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Even before the Iraqi parliamentary election results were announced, the competing Shiite groups started talking about restoring the National Alliance, composed of Iraq's leading Shiite parties. There was a special emphasis […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Badr Organization and the Internal Structure of the New State […]
The U.S. Embassy reminds U.S. citizens that Iraq remains at high risk for kidnapping and terrorist violence. Recent reports indicate that militant groups may be surveilling U.S. citizens for possible kidnapping operations, particularly oil company employees working in Basrah Province, Iraq. The groups may be focused on U.S. citizens at hotels in the Basrah area. […]
The Iraqi Children Foundation (ICF) hosted its second annual “IN THEIR SHOES” 5K fun run/walk at Cameron Run Regional Park in Alexandria, VA, on Saturday, May 10, 2014. Participants ran to benefit desperately poor Iraqi orphans and street children after years of war. Iraq’s Ambassador to the US Lukman Faily ran as this year's Distinguished […]
As this week's Newsletter goes to press, Prime Minister Nouri al-Maliki has started the bargaining to form a new government following his success in getting the most seats in the recent elections, albeit falling far short of a majority. A similar process after the last election four years ago took nearly a year to complete, […]
By John Lee. Iraq is preparing to tender the $1.3bn contract to deliver the marine works component of the first phase of the new Grand Fao [Faw] Port. Project director Asaad Rashid told MEED's Arabian World Construction Summit (AWCS): “We are evaluating prequalification documents from about 18 consortiums ... We shall issue the shortlist for […]
By Melissa Hancock for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With the world's eyes focused on the recent Iraqi elections, little attention is being paid to the major changes taking place in Iraq's banking and finance industry. As part of an effort to liberalize the […]
Kurdistan Region President Masoud Barzani has signed an order tasking Prime Minister designate Nechirvan Barzani and Deputy Prime Minister designate Qubad Talabani to form the eighth Cabinet of the Kurdistan Regional Government. Prime Minister Barzani will continue in his role in the same capacity, while Minister Talabani will move from his current role as Head […]
By John Lee. Minister of Foreign Affairs, Hoshyar Zebari received on May 21, 2014, Ambassador of the Republic of the Russian Federation, Elia Morgnov. During the meeting, the Russian Ambassador congratulated the Iraqi people for the success of the legislative elections, hoping to achieve progress and prosperity of Iraq. The two sides discussed bilateral and […]
HKN Energy Ltd. (HKN) has announced that it has notified the Kurdistan Regional Government of Iraq (KRG) that the Swara Tika discovery is a “Commercial Discovery” pursuant to the terms of the Sarsang Production Sharing Contract. HKN, as operator of the Sarsang Block, has drilled two wells on the Swara Tika structure. The Swara Tika-1 […]
