From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL may have been driven out of the northern Iraqi town of Sinjar, but most of its people are afraid to return home. Kurdish forces now in charge say they are still discovering […]
Genel Energy has announced that it has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts ('PSC's) and Gas Lifting Agreements ('GLA's) for both the Miran and Bina Bawi gas fields. The Amended and Restated PSCs and GLAs for Miran and Bina Bawi incorporate the commercial terms as announced in the […]
By John Lee. Reuters reports that Iraq plans to cut crude oil exports from Basra to 3.013 million bpd in March. This would be comprised of 2.207 million bpd of Basra Light blend, and 806,000 bpd of Basra Heavy. According to the report, this would be the lowest Basra export since August. (Source: Reuters)
Basra Multipurpose Terminal (BMT), in the port of Umm Qasr, has recently welcomed Iraq’s largest vessel do date, the 325 meter-long MSC Rita. The arrival was marked by a visit from the Minister of Transport, Kadhim Finjan, who took the helm and successfully piloted the massive ship safely through the channel. The MSC Rita sails […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Seven people, including a police officer, have been killed during a large anti-government rally in the Iraqi capital. What started as an orderly protest, called by Shia cleric Muqtada al Sadr, soon turned […]
From the AMAR Foundation: All too often, it is children who are the victims of ISIS violence. In Iraq, almost half of the country’s 3.3 million internally displaced persons are under the age of 18. And they have not just lost their homes: thousands have lost friends and relatives, and many have witnessed deeply traumatic […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and fighter […]
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 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th Feb 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ1073 (-0.3%) / $1079 (-0.3%) (weekly change) (+12.1% and +14.3% YTD change, respectively). The number of week traded […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq yesterday, 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 Attack, bomber, fighter and remotely […]
DNO ASA, the Norwegian oil and gas operator, today announced a stepped up drilling campaign in the Kurdistan region of Iraq and the Sultanate of Oman on the back of 2016 operating profits and improved payments for exports from its flagship Tawke field in Kurdistan. The Company also released its annual reserves report which showed […]
Genel Energy plc notes that DNO ASA, as operator of the Tawke field (Genel 25% working interest), has today published updated estimates of Tawke field reserves. At 31 December 2016, Tawke gross proved (1P) reserves are estimated by DNO ASA at 348 mmbbls, compared to 387 mmbbls at year-end 2015. At 31 December 2016, gross […]
