U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 22 strikes consisting of 66 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. Energy services company Wood Group has said that the "pace of activity" on its contract with Exxon in Iraq is "slower than anticipated." Exxon operates the West Qurna I field in southern Iraq. In its Annual General Meeting Statement on this morning, the Scottish-based company added that management’s expectations of full year […]
By John Lee. Turkish engineering company Alapala has recently completed a turnkey flour mill project, one in Baghdad. The facility, located on 6,000 square meters of land, has two lines with capacity of 250 tpd each, for a total of 500 tpd of hard and semi-hard wheat milling capacity. The six-story concrete mill is one […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] has met with the Algerian minister of energy Mr. Nooraldeen Botarfa in Baghdad at Wednesday to discuss increasing cooperation between the two countries in the oil sector. In addition to exchanging ideas about the development of the oil sector, they also discussed the "necessary coordination between […]
Partnered forces in Syria and Iraq are making progress in defeating the Islamic State of Iraq and Syria, the spokesman for Combined Joint Task Force Operation Inherent Resolve said today. The Syrian Democratic Forces and the Syrian Arab Coalition have liberated most of the Syrian city of Tabqa, Air Force Col. John Dorrian told Pentagon […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 21 strikes consisting of 75 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 11 remittance companies took part in its currency auction on Thursday. A total of $ 158,948,706 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 41.40 million from the Kurdistan Regional Government as payment towards February 2017 crude oil deliveries to the export market from the Tawke field. The funds, to be shared pro-rata by DNO and partner Genel Energy plc, include USD 34.73 million toward monthly […]
Oil Minister Jabar Ali al-Luaibi [Allibi] has met with a delegation from the German company Ruhrpumpen, headed by Mr. Khavier Garza. The meeting was attended also by the counselor of the minister and the director general of the oil projects company. Mr. Al-Luiebi discussed with the delegation about developing the bilateral cooperation to execute the […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces announce they have retaken yet another neighbourhood of western Mosul, tightening the noose around jihadists holed up in the Old City.
By John Lee. Algeria's Energy Minister is to visit Baghdad on Wednesday and Thursday. According to the report from Reuters, Nouredine Bouterfa (pictured) will discuss OPEC-related issues with the Iraqi Minister of Oil. (Source: Reuters)
UNHCR, the UN refugee agency, has opened a new camp, Hasansham U2, to house thousands of newly-displaced Iraqis who continue to flee the military offensive in western Mosul. The first busloads with packed with around 150 people began arriving at the camp on Tuesday. The camp is the latest to be built by UNHCR and […]
