By John Lee. Genel Energy has announced the completion of competent person's reports ('CPRs') relating to the oil reserves and resources at Taq Taq, Bina Bawi, and Miran. McDaniel and Associates have updated the CPR relating to the Taq Taq field (Genel 44% working interest, joint operator). RPS Energy Consultants Ltd. ('RPS'), as part of […]
UN Secretary-General António Guterres launched the Iraq Recovery and Resilience Programme today at the Kuwait International Conference for the Reconstruction of Iraq. The two-year Recovery and Resilience Programme is designed to fast-track the social dimensions of reconstruction and help ensure that people see tangible improvements in their daily lives at the start of the reconstruction […]
By John Lee. Jordan's Minister of Municipalities, Walid Al-Masri, and Minister of Industry and Trade, Yarub Al-Qudah, have met representatives of the chambers of industry and commerce and members of the Jordan Truck Owners and Custom Clearance Associations to discuss arrangements for the entry of Jordanian trucks to Iraq. According to a report from Petra, […]
Significant progress in the fight to defeat the Islamic State of Iraq and Syria has resulted in a shift in focus to sustaining military gains in Iraq to ensure a lasting defeat of Islamic State of Iraq and Syria terrorists, The commander of U.S. Air Forces Central Command told Pentagon reporters today. An Air Force […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is hoping for more concrete pledges from international donors on the second day of a conference on rebuilding cities and infrastructure shattered by the conflict with ISIL (the Islamic State of Iraq […]
UNMAS Iraq ‘Clearance Mission’ Seen as ‘Tipping Point’ Between Past Conflict and a Normal Future Lives and livelihoods in Iraq’s liberated areas are being restored at long last. In Fallujah, as many as 1,800 vehicles and 100 pedestrians per hour can cross the re-opened ‘new bridge’ linking Baghdad with Al-Anbar Province. The fibre optic cable […]
By John Lee. Spartan Air Academy Iraq LLC., Addison, Texas, has been awarded a $45,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the stand-up of an Air Academy training in support of the Iraq Air Force. Work will be performed at Balad Air Base, Iraq, and is expected to be complete by Feb. 8, 2019. This award is […]
By John Lee. Qatar-based Ooredoo has announced that revenue at its Asiacell subsidiary in Iraq increased 6 percent to QAR 4.5 billion, while and EBITDA increased 3 percent to QAR 2.0 billion, for the year ended 31th December 2017. EBITDA margin was put at 44 percent. In a statement, the company said: "A key opportunity […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is hoping to raise billions of dollars at a donor conference starting on Monday in Kuwait - to finance the reconstruction after its campaign against ISIL (the Islamic State of Iraq and […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for January of 108,190,068 barrels, giving an average for the month of 3.490 million barrels per day (bpd), a slight decrease from the 3.535 bpd exported in December. The exports were entirely from the southern terminals, with no exports from Kirkuk via Ceyhan. Revenues […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th Feb 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD926 (+5.7%) / $966 (+5.9%) (weekly change) (+14.2% and +15.5% YTD change, respectively). The number of week traded […]
Kuwait Energy Signs Block 9, Iraq Farm-out Agreement with Dragon Oil Kuwait Energy (KEC) has announced the signing of the Block 9, Iraq Farm-out Agreement with Dragon Oil (a wholly-owned subsidiary of Emirates National Oil Company Ltd, the national oil company of Dubai). As per the Farm-out Agreement, Kuwait Energy will assign a 15% participating […]
