By John Lee. Eni has reportedly reached agreement with the Iraqi Ministry of Oil to cut the final production target at Zubair oil field to 850,000 bpd. Iraqi Oil Minister Abdul Kareem Luaiby [Elaibi] told reporters that he has agreed to the drop from the original target of 1.25 million bpd, and that Eni has […]
By John Lee. An American man has pleaded guilty to operating an illegal business selling Iraqi dinar. ArgusLeader reports that 60-year-old David Olmsted, also known as Dale Cooper Jr., received daily Federal Express packages with shrink-wrapped piles of dinar bills that had been smuggled out of Iraq and into Jordan. The man, from South Dakota, was […]
Iraq conjures up many enduring cultural images: the great lions of Babylon, the Ishtar Gate (pictured), and the superb spiral mosque of Samarra are some of the most renowned. These vast archaeological riches, spanning centuries of civilization, are part of the national heritage that is shared by all Iraqis – and part of the patrimony […]
The Middle East Institute is pleased to welcome Stuart Bowen, the Special Inspector General for Iraq Reconstruction (SIGIR), to discuss his proposals for how best to conduct Stability and Reconstruction Operations. Stability and Reconstruction Operations, or (SROs), entail governmental efforts to rebuild crucial infrastructure, implement rule of law, and ensure security in developing countries before, […]
By Abdullah Salem. 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. After extremists set off bombs on Iraq’s most dangerous oil field, the resulting fire burned for a month. The result: toxic smoke, two deaths, accusations, environmental […]
By John Lee. Iraqi Cabinet decided to ban the importation of cement from 1st July, according to a report from Aswat Al Iraq. The ban includes white cement, and it will be lifted if local production is not sufficiency to meet demand. (Source: Aswat al-Iraq) (Picture: Falluja Cement Factory)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th May 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,733 (-2.7%) / $1,823 (-1.5%) (weekly change). The number of week traded shares was 39.8bn and the weekly […]
By Mustafa Habib. 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. During the past month of violence, the Iraqi dinar’s value has fluctuated radically. Now black market money men are using Iraq’s poorer passport holders to take […]
According to casualty figures released today by UNAMI, a total of 1,045 Iraqis were killed and another 2,397 were wounded in acts of terrorism and acts of violence in May. The number of civilians killed was 963 (including 181 civilian police) and the number of civilians injured was 2,191 (including 359 civilian police). A further […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq civil war fears: PM Maliki vows action against extremists as sectarian violence spirals. Iraqi Prime Minister Nouri al-Maliki has vowed to confront sectarian militants following a recent spate of car bombings […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Attacks in Iraq kill dozens of people and bring the death toll from May's violence above 600, sparking fears of all-out sectarian conflict.
Gulf Keystone (GKP) and Genel Energy announced a commercial oil discovery at the Ber Bahr-1 exploration well on the Ber Bahr block in the Kurdistan Region of Iraq. Shares in GKP were up more than 5 percent on the day, with Genel Energy up 1.2 percent. Genel Energy, as operator, made the following statement: "The […]
