Former Business Partner of U.S. Military Contractor Pleads Guilty to Bribery Scheme Related to Contracts in Support of Iraq War A former business partner of a U.S. military contractor pleaded guilty today to one count of bribery for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military […]
Iraqi forces, including peshmerga troops, conducted coordinated clearance operations July 16 to eliminate the Islamic State of Iraq and Syria presence in Iraq, Combined Joint Task Force Operation Inherent Resolve officials announced today. Iraqi forces, with coalition support, successfully cleared a ISIS safe haven in the region of the Makhmour Mountains. "Our partners fought valiantly […]
DNO ASA, the Norwegian oil and gas operator, today announced a two-thirds increase in production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 25,000 barrels of oil per day (bopd) following completion of the Peshkabir-4 well testing program. The well has been placed on production at a rate […]
The Iraq Britain Business Council (IBBC) has announced that OILSERV has joined the Council. OILSERV is an independent Oilfield Service Company founded with the purpose of providing world class solutions to clients operating across the Middle East and North Africa. OISERV’s comprehensive range of business lines covers the full life cycle of oilfield services, from […]
By Hussein Al-alak. Running with history, for modern education across Iraq On Thursday 19th July, myself and Tracy Hollowood are taking part in the Run Media City 5K - to raise awareness of the educational achievements and mental health services of the AMAR Foundation in Iraq. This run is different to my involvement on the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. For two weeks, demonstrators have gathered in southern Iraq to protest against the lack of access to electricity, clean water, and jobs. Protesters have said that they are organising peacefully and the response […]
Combined Joint Task Force Operation Inherent Resolve and its partners have accelerated offensive activity against Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Operation Roundup Operation Roundup, which began May 1 to accelerate the defeat of ISIS in […]
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
By John Lee. ADES International Holding Ltd., a London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa, is to expand into Southern Iraq. The company will acquire two idle land rigs in Iraq from Weatherford, as part of a $287.5-million deal to buy 31 rigs […]
By John Lee. The Ministry of Oil has extended the closing date for tenders for the new 100,000-bpd refinery in Kut. Companies interested in investing must submit their documents by the end of working hours on Tuesday, 4th October 2018. More information here. For further information please contact [email protected] or [email protected]. (Source: Iraqi Ministry of […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th July 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD731 (-0.3%) / $784 (-0.3%) (weekly change) (-9.9% and -6.2% YTD change, respectively). The number of week traded […]
Following the earlier announcement that Philip Dimmock will retire and thus not seek re-election at today's Annual General Meeting, Gulf Keystone Petroleum (GKP) has announced the appointment of Martin Angle as Senior Independent Non-Executive Director with effect from Monday 16th July 2018. Mr Angle has had a distinguished executive career across investment banking, private equity and […]
