Author Archive | Editor

New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Gender Advisor, Heartland Alliance for Human Needs Final Evaluation Consultant, Heartland Alliance for Human Needs Community Engagement (Liaison) Officer, International Organization for Migration (IOM) Programme Management Specialist, UN Development Programme (UNDP) Advisor Employment Focused SME Development, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Child […]

New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Advocacy Coordinator - Accountability, Norwegian Refugee Council (NRC) Senior Supply Assistant, United Nations Assistance Mission for Iraq (UNAMI) Field Security Radio Operator, United Nations Assistance Mission for Iraq (UNAMI) Protection Associate, United Nations Assistance Mission for Iraq (UNAMI) Senior Supply Assistant, United Nations […]

GardaWorld Weekly Security Report

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 […]

Bina Bawi and Miran West gas resource update

Genel Energy has announced that RPS Energy Consultants, as part of its work on the updated competent person's reports ('CPRs') for the Bina Bawi and Miran West fields (Genel 100% and operator), has finalised its evaluation of the contingent gas resources at both assets: The RPS evaluation confirms a significant upgrade to the combined 2C […]

BP to Boost Oil Production at Kirkuk Oilfields

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has signed on Thursday a memorandum of understanding with BP to rehabilitate the oil fields in Kirkuk governorate. Michael Townsend, CEO of BP, said that the company is going to prepare the necessary studies to increase production at the Kirkuk oil fields to 750,000 bpd. […]

Chevron to Resume Drilling in Kurdistan

By John Lee. US-based Chevron plans to resume drilling at the Sarta 3 block in Iraqi Kurdistan. According to a report from Bloomberg, the company had temporarily halted exploration work in October after the Kurds voted in favour of independence. Chevron acquired Reliance Exploration & Production DMCC's 80 percent interest and operatorship of the production sharing contracts […]

Kurdish Investors put their Money Elsewhere

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Sarchin Salih. Kurdish Crises Drive Kurdish Investors to put their Money Elsewhere It’s not only Iraqi and international investors getting their money out of Iraqi Kurdistan. Financial and political […]

US Supports Iraqi National Elections on May 12

The U.S. government strongly supports holding the Iraqi national elections in May 2018, in line with the Iraqi constitution. Postponing the elections would set a dangerous precedent, undermining the constitution and damaging Iraq’s long-term democratic development. To that end, the United States is providing assistance that will help ensure that all Iraqi voices are heard […]

Deloitte Report on Oil and Gas in Kurdistan

As the Kurdistan Regional Government has promised, and to prove its commitment to transparency in the entire oil and gas sector of the Kurdistan Region, today the first report by the international auditing company, Deloitte, is released. The report, which includes verified numbers of export and sales of oil in the Kurdistan Region for the […]

Iran Eyes Closer Banking Ties with Iraq

Iran’s president called for stronger banking relations with Iraq to allow for a growth in the bilateral trade and economic cooperation. In a meeting with Iraq’s parliament speaker in Tehran on Tuesday, President Hassan Rouhani said expansion of economic and trade ties between the two neighbors hinges on enhanced baking relations. The central banks of […]

Genel receives Payment for Taq Taq Exports

By John Lee. Genel Energy has announced that the Taq Taq partners have received a gross payment of $10.10 million from the Kurdistan Regional Government for oil sales during October 2017. Genel's net share of the payment is $5.55 million. (Source: Genel Energy)