WesternZagros Resources has announced that the operator, Gazprom Neft Middle East B.V. ("Gazprom Neft"), has successfully performed an acid stimulation on the Sarqala-1 well located on the Garmian Block in the Kurdistan Region of Iraq in order to increase the well productivity. The acid stimulation was completed on March 31, 2017 and Sarqala-1 is currently […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.15 million from the Kurdistan Regional Government (KRG) as payment towards January 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 38.70 million toward […]
The Egyptian Petroleum Minister, Tareq al-Mulla (pictured) has stated that the Egyptian cabinet, during its meeting on 10 April under Prime Minister Sherif Ismail, approved buying oil from Iraq and clinching a deal to import about million barrels monthly, with a total of 12 million barrels annually. Mulla added that the first oil shipment is […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi city of Mosul is being reshaped after bitter negotiations between the Iraqi government and Kurds. Once the dust settles, question will arise as to who will control what. And where does […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi counter-terrorism service (CTS) forces are advancing towards the Matahen neighbourhood as part of the ongoing offensive to retake Mosul city from Islamic State (IS) group jihadists:
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 27 strikes consisting of 89 engagements against ISIS targets on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 34 banks and 11 remittance companies took part in its currency auction on Tuesday. A total of $160,323,302 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Pell Frischmann has won the British Expertise ‘International Masterplanning Project of the Year’ Award at their 2017 awards dinner. Its Three Cities Masterplanning project saw transport infrastructure masterplanned for Basra, Hilla, and the combined Najaf and Kufa conurbation. To achieve that, the company helped each city to overcome a shortage of much needed local skills […]
The CWC Group’s Director, Nawar Abdulhadi interviews Mr Gati Saadi Al-Jebouri, LUKOIL Vice President, Head of Middle East Upstream in preparation for the 11th edition of the Iraq Petroleum Conference in May. Mr Al-Jebouri gives us his views on the Iraqi industry, how LUKOIL is working successfully in the country and his outlook for the […]
By John Lee. The Minister of Water Resources, Dr.Hassan Janabi, has met with the Romanian Ambassador in Baghdad, Mr. Lacop Prada and the Economic Officer of the Embassy. During the meeting, they discussed cooperation in the area of irrigation, and the possible contribution of Romanian companies in dredging the Tigris and Euphrates rivers and preparing […]
By John Lee. South Korea's Miru Systems has signed a $100-million deal to supply vote-counting machines to Iraq's Independent High Electoral Commission (IHEC). According to a report from Yonhap, Baghdad is reportedly considering using Miru's vote-counting equipment and solutions in the September local elections for the first time, ahead of a parliamentary vote planned for next […]
By John Lee. Douglas Silliman, United States Ambassador to Iraq, has visited the Iraqi marshes in Dhi Qar province. While visiting the Chibayish area, he said the marshes have "great potential for tourism". (Source: Douglas Silliman via Twitter)
