By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Project Manager, Save the Children National Professional Officer (Monitoring and Evaluation), WHO - World Health Organization Technical Officer, WHO - World Health Organization Human Resources and Travel Associate, UNOPS - United Nations Office for Project Services Information Management Officer, UNOPS - United […]
By John Lee. Shell has reportedly announced that the Basrah Gas Company (BGC) has taken a "final investment decision (FID)" on its growth programme, which will increase BGC’s capacity by 40 percent. According to Oil and Gas Middle East, the decision was taken with the support of all BGC's shareholders: South Gas Company (SOC), Shell […]
Genel Energy has announced that McDaniel and Associates ('McDaniel') has completed the competent person's report ('CPR') relating to the oil reserves at Taq Taq as at 31 December 2018. Field performance in 2018, and notably the success of the TT-29w well drilled on the northern flank of the field, has led to an upwards technical revision […]
By the Institute for War & Peace Reporting (IWPR). IWPR-trained activists have launched a successful series of initiatives to promote reconciliation between Iraq’s different faith communities. In one striking success, an Assyrian Christian church that had been closed for 15 years was renovated and reopened thanks to the efforts of a group of IWPR mentees. […]
By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay Al-Khatteeb (pictured) as saying: “I don’t have financial allocations or the processes available at hand, it doesn’t allow me to cherry-pick the right consultancies […]
The United Nations Mine Action Service (UNMAS) welcomes the contribution of SEK 75 million (approximately USD 8.3 million) from the Government of Sweden on mitigating the threat from explosive hazards in support of enhanced provision, facilitation and enablement of humanitarian and stabilization support. Approximately 1.8 million people are estimated to be internally displaced persons (IDPs) […]
Shares in DNO ASA, the Norwegian oil and gas operator, were trading up five percent on Monday afternoon following the company's announcemnt that it has replaced 2018 production through additions to reserves, marking the second consecutive year in which the Company's replacement of proven reserves reached or exceeded 100 percent of production. "DNO's stellar record […]
By John Lee. Prime Minister Adil Abd Al-Mahdi received Baroness Emma Nicholson, the Chairman of the Iraq Britain Business Council (IBBC), at his office on Sunday to discuss cooperation between Iraqi and British businesses, and proposed investment projects in Iraq. The Prime Minister said that stability in Iraq provides an opportunity to increase reconstruction efforts, […]
By John Lee. A delegation from the Saudi Arabian government reportedly arrived in Baghdad on Saturday to discuss the construction of a 100,000-seater football stadium. Saudi Arabia’s King Salman promised last March to build a football stadium in Iraq. According to some reports, it was later announced that Saudi Arabia would increase the number of […]
IBBC signs Memorandum of Understanding with the German Liaison Office for Commerce & Industry The Iraq Britain Business Council (IBBC) and the German Liaison Office for Industry and Commerce in Iraq (DWI) have signed a Memorandum of Understanding (MoU) to increase cooperation between the organisations to support and grow trade between the UK, Europe and […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi President Barham Salih (pictured) approved the controversial 2019 budget on Feb. 4. The budget passed the parliament Jan. 23 after long debates over allocations for the Kurdistan Region and southern […]
Russian oil company Lukoil has commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation. The drilling campaign will ramp up production at West […]
