By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Introduction KRG’ gross oil export revenues, for 2017, stood at $7.9billion but it was left with only $3.9billion as net earnings. When the Region receives less than half of its gross oil […]
By Youssef Ali. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. President Donald Trump’s decision to pull out of the nuclear deal and sign the executive order to reimpose sanctions on Iran has had a significant impact on the global oil markets. This move […]
UNHCR welcomes the generous donation of 1.5 million euros from the Government of Finland. The new funds will help UNHCR support vulnerable Iraqis and Syrian refugees in a rapidly changing context. A year on from the end of fighting in Mosul, the situation in Iraq is increasingly complex. While the country recovers from conflict, the […]
The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, received the Netherlands new Consul General to the Kurdistan Region, Mr. Willem Consijn and his accompanying delegation. Consul General Consijn stressed his country’s willingness to strengthen the relations with the Kurdistan Region. Prime Minister Barzani congratulated Consul General Consijn on his new position and wished him success […]
Shares in Genel Energy jumped 12 percent on Tuesday morning after the firm announced increased profits in its unaudited results for the six months ended 30 June 2018. Murat Özgül, Chief Executive of Genel, said: "Genel continues to deliver on its focus. We are generating significant free cash flow, averaging over $10 million a month […]
Benaa Al Basra has been endorsed by the Iraqi Prime Minister’s office to make Basra’s Oil Operations Centre (OOC) operational. The OOC has appointed Sicuro Group, a CMC-licenced, Iraq-experienced tracking, communications and information provider as the exclusive operating partner. According to a press release from Sicuro, "this new partnership will ensure the required expertise and […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Vehicles cross the single-lane iron bridge in the Iraqi city of Fallujah, as it reopens three years after its destruction by jihadists. View on YouTube
SRSG Kubiš congratulates the IHEC Board of Judges on completion of the electoral recount and looks forward to a timely conclusion of the remaining stages of the electoral process The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Ján Kubiš (pictured), welcomes today’s announcement by the Board of Judges of the Independent […]
Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between July 30 and Aug. 5, conducting 20 strikes consisting of 27 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Operation Roundup, which began […]
Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare gas for Nassiriya and Al Gharraf [Garraf] oilfields. The importance of the project was highlighted by the attendance of several high-level officials, including HE Jabbar Al-Luaib, the Minister […]
By John Lee. Pakistan-based Lucky Cement has said it is currently in negotiation with its suppliers to finalize plant and machinery at its greenfield clinker production facility in Samawah. In its Annual Financial Report, the company said it plans to achieve financial close and commercial production is third quarter of calendar year 2018 and last […]
The US State Dept has announced an additional $17 million of demining efforts in the Nineveh region in Iraq. This is on top of the 90 million we have provided countrywide in this year alone. (Source: US State Dept)
