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 Robert Cole, AMAR Foundation. We’re excited to announce that work is about to begin on a new AMAR International Charitable Foundation Public Health Care Centre (PHCC) on the outskirts of Mosul. Thanks to a huge fundraising effort by our supporters, we have sufficient to rehabilitate, resource and re-open the badly damaged existing government clinic […]
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. In Iraqi Kurdistan, poultry farmers are calling for tariffs on chicken products imported to the region. Otherwise, they say, the local industry won’t survive. Poultry farmers in the northern region […]
By John Lee. The United Nations has advertised new positions in Iraq: Senior Admin / IT Assistant, United Nations Assistance Mission for Iraq (UNAMI) Security Guards, United Nations Assistance Mission for Iraq (UNAMI) Driver/Dispatcher, United Nations Assistance Mission for Iraq (UNAMI) Budget Analyst, United Nations Assistance Mission for Iraq (UNAMI) SCOPE IT Solution Associate (two […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Deputy Country Director, Norwegian Refugee Council (NRC) Grants Manager, Norwegian Refugee Council (NRC) Compliance and Risk Management Adviser, Norwegian Refugee Council (NRC) Emergency Response Team Leader, Relief International Consultant & IDP and Refugee Labor Rights, Relief International Administrative Assistant (Assets Management), United […]
By John Lee. Shares in Norway's DNO continued to rise on Friday, following yesterday's announcement of a “landmark settlement of outstanding receivables " with the Kurdistan Regional Government (KRG). At market close on Friday, the shares had gained 13.8 percent on the day, and 35 percent since Thursday morning. However, DNO's partner in Iraqi Kurdistan, […]
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for July of 100 million barrels, giving an average for the month of 3.226 million barrels per day (bpd), slightly more than the 3.273 bpd exported in June. These exports were shipped by 33 multinational companies from the ports of Basra, Khor Al- Omaia and […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, conducting 13 strikes consisting of 35 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition […]
Shares in Norway's DNO ASA jumped 8.7 percent this morning following the announcement that the company has reached a "landmark settlement of outstanding receivables owed to the Company for past crude oil deliveries", and the announcement of half-year revenues up 43 percent from the same period last year. Under the settlement, DNO has been assigned […]
Genel Energy has announced a definitive agreement with the Kurdistan Regional Government (KRG) relating to unpaid entitlements for past oil sales from the Taq Taq and Tawke fields. The company's shares were trading up 7 percent on Thursday morning. Cash flow is expected to be materially enhanced over the course of the agreement, delivering significant […]
DNO ASA, the Norwegian oil and gas operator, today announced half-year 2017 revenues were up 43 percent from the same period last year following regular export payments in the Kurdistan region of Iraq. Free cash flow jumped four-fold to USD 157 million on operated production of 114,000 barrels of oil equivalent per day (boepd) during […]
By John Lee. Iraq is considering changing its price benchmark for Basra crude oil sales to Asia. From January, the State Oil Marketing Organization (SOMO) proposes to price relative to Dubai Mercantile Exchange (DME) Oman futures, rather than the average of Platts’ Oman-Dubai quotes. According to a report from Reuters, this would mark a significant […]
