U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 10 strikes consisting of 14 engagements Nov. 10-23, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Strikes in Syria Yesterday near […]
The Iraqi Ministry of Electricity (MoE) has signed an agreement worth over $400 million with GE Power (NYSE: GE) to develop 14 electric substations on a turnkey basis and supply critical equipment such as transformers, circuit breakers and other outdoor equipment to rehabilitate existing substations and bring much-needed power to areas facing significant electricity shortages […]
Iraqi Prime Minister Haider al-Abadi has warned "the corrupt ones against playing with fire" as he pledged to fight corruption in state institutions, saying "the coming war will be against the corrupt ones." In his weekly press conference, Abadi stressed the need for "a comprehensive economic reform in both public and private sectors." "The corrupt […]
By John Lee. The Iraq Britain Business Council (IBBC) has welcomed three new members, bringing its membership to 59 companies. Menzies Aviation: An independent, time-critical logistics specialist serving the airline industry to the highest standards. At more than 200 airport locations across 6 continents, Menzies offer landside and airside services tailored to customers’ needs; timed […]
At an informal meeting of the Working Party on the Accession of Iraq held on 17 November 2017, WTO members welcomed Iraq’s stated determination to resume its WTO accession process after nine years of dormancy. The meeting further provided the opportunity for the government of Iraq and members to exchange views on next steps for […]
Prime Minister Nechirvan Barzani continued consultations with Kurdistan political parties to support unity and solidarity. Accompanied by Deputy Prime Minister Qubad Talabani and a number of KRG senior officials, they visited Suleimaniya and met with the leaderships of the Change (Gorran) Movement, Patriotic Union of Kurdistan (PUK), and the Kurdistan Democratic Socialist Party. Prime Minister Barzani and the […]
ISIL ‘down but not out’ in Iraq; UN envoy urges efforts to defeat group’s extremist ideology The military victory against the Islamic State in Iraq and the Levant (ISIL/Da’esh) is only one component of a complex battle that addresses the root causes of extremist ideology, the United Nations envoy for Iraq said Wednesday. “Da’esh remains […]
By John Lee. Reuters has reported that both BP and Eni have expressed an interest in developing the giant Majnoon oilfield, which Shell plans to exit next year. Iraqi oil officials told the news agency that Iraq's Ministry of Oil has not yet started negotiations with either company. BP is currently developing the Rumaila field, […]
Baker Hughes, a GE company, has signed an agreement for the provision of turbine generators to PetroChina International Iraq, in the biggest Turbomachinery & Process Solutions (TPS) agreement ever between the two companies. BHGE will deliver its Frame 6B gas turbine electric generator trains to support power generation for the Halfaya oilfield located in the […]
Following from the recent launch of its new Iraq-based bunkering operation, Al Iraqia Shipping Services and Oil Trading (AISSOT) has announced its first shipment of crude oil from Iraq. The company said it shipped its first 2 million bbl of crude oil on their very large crude carrier MT Basra (pictured) on November 18, "successfully […]
The Iraqi authorities and the staff of the International Monetary Fund (IMF) continued discussions in Amman from November 17 to 21, 2017 on the third review of Iraq’s 36-month Stand-By Arrangement (SBA). The IMF Executive Board approved the SBA on July 7, 2016 (See Press Release No. 16/321), and completed the second review on August […]
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. After a week of long hauls through threatening desert terrain and villages to take up positions, Iraqi troops and local fighters on Nov. 17 captured Rawa, the last urban […]
