By John Lee. Iraq reportedly plans to increase production at the Majnoon oilfield from 240,000 bpd now to 450,000 barrels within three years. Ahmed Abdul Razzaq, the head of a committee in charge of developing the field, told Reuters that the Basra Oil Company (BOC), which will take over operations from Shell, is studying proposals from […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The following is an abridged version of the Iraq chapter of Upstream Law and Regulation: A Global Guide, published by Globe Law and Business, which summarises the upstream regulation and the key […]
The European Union has contributed an additional US$ 58.96 million (EUR 50 million) to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). This brings the European Union’s total contribution since 2015 to US$ 73.8 million (EUR 64 million). Based […]
The Iraq Britain Business Council (IBBC) held its bi-annual Council Meeting on 30 January, followed by a Reception & Dinner for IBBC members and guests. Both the meeting and the reception and dinner were hosted by Baroness Nicholson of Winterbourne, President of IBBC and Trade Envoy to Iraq, Azerbaijan, Kazakhstan and Turkmenistan. The Meeting was […]
A total of 115 Iraqi civilians (not including police) were killed and another 250 injured in acts of terrorism, violence and armed conflict in Iraq in January 2018*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). Baghdad was the worst affected Governorate, with 323 civilian casualties (90 killed, 233 […]
Iraqi Government Ministries heading to Berlin for International Meeting in February Iraq’s oil and gas industry has started 2018 with invigorating news including new blocks to be offered at a bidding round in May, several high profile deals finalised with international companies as well as the continued upstream reforms led by Minister of Oil Jabbar […]
The UK's Minister of State for Trade and Export Promotion, Baroness Rona Fairhead (pictured), has announced $210.8 million in support from UK Export Finance (UKEF) for the second project agreed under the UK-Iraq infrastructure Memorandum of Understanding. The contracts with the Ministry of Electricity in Iraq, valued at $220 million, will see GE Global Services UK upgrade […]
Sallyport Global Holdings has been awarded a not-to-exceed $400,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in support of the Iraq F-16 program. The contract provides for the support of F-16-related contractor personnel at Balad Air Base, Iraq. Work will be performed at Balad Air Base, Iraq, […]
The UK Government has donated an additional 1 million GBP (1.3 million USD) to the United Nations Mine Action Service (UNMAS), increasing the UK total contribution to 14.2 million GBP (20 million USD). The additional funding will boost UNMAS support to stabilization efforts by increasing survey and clearance of critical infrastructure in liberated areas. This […]
By John Lee. Iraq says it plans to start oil exports to Iran from its northern Kirkuk oilfields next week, under the swap deal announced last month. Iraq will export 60,000 bpd of crude oil by truck from Kirkuk to Iran’s Kermanshah refinery (pictured), and ship back refined Iranian oil for southern Iraq. For the […]
With UNICEF’s support, ACTED’s community-led approach to child protection in Qushtapa camp, Erbil, in the Kurdistan Region of Iraq, is broadening academic and recreational opportunities for displaced children. Since 2014, ACTED has been providing child protection services to Syrian refugees in Qushtapa camp in Erbil governorate. From within its Child and Youth Community Centres, ACTED […]
By John Lee. In its 2017 Results, Baker Hughes, a GE company (BHGE) has said that rig count growth in Iraq and the UAE offset declines in other Middle Eastern markets. During the year, the company secured what it describes as the largest-ever turbomachinery and process solutions agreement with PetroChina for the provision of its […]
