Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. A U.S. appeals court has ruled that the engineering firm and military contractor KBR Inc is not liable for a case of alleged human trafficking in Iraq. According to Reuters, the case concerned the 2004 kidnapping and murder by insurgents of 12 Nepali men, who were being transported in Iraq to work […]
By Dilshad Abdullah for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. International oil companies pull out of Kurdistan Exxon Mobil has pulled out of three of the six exploration blocks it operated in the Kurdistan Region. The American oil giant withdrew […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraq Extractive Industries Transparency Initiative (IEITI) published its seventh annual report (Report 2015) on 31 December 2016; a second annual report released in one year after it released its Report 2014 […]
The National reports that Kuwait has agreed to start a long-delayed gas import deal with Iraq. The plans had been delayed because of the continuing conflict in Iraq, and a lack of investment for infrastructure to convert the huge amount of gas it flares from its oilfields. Meeting with Kuwait’s newly appointed oil minister, Essam […]
Iran has denied that it has reached an agreement with the Kurdistan Region of Iraq for laying joint oil pipelines. The public relations department of the Iranian Ministry of Petroleum announced on Tuesday that the country has made no agreements with the Iraqi Kurdistan for construction of two pipelines to deliver its crude oil to […]
More than 180 expert speakers and delegates from the UK, Iraq, UAE and abroad gathered in Dubai at The Address Dubai Marina on Sunday 18 December for the Iraq Britain Business Council’s (IBBC) Autumn Conference. Usually held in London, the well-attended conference marked the first time the IBBC has held an event in the UAE, […]
By John Lee. According to a report from Reuters, Egypt hopes to finalise a deal by the first quarter of 2017 to import crude oil directly from Iraq. Petroleum Minister Tarek El Molla (pictured) told reporters that Egypt aims to import between 1 million and 2 million barrels per month from Iraq: "We already use […]
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] met with ExxonMobil senior executive Brad Corson, to discuss development of the Iraqi oil industry. Mr. Allibi said that the ministry of oil is aiming to develop relations with Exxon Mobil to develop the oil and gas sector in Iraq. Mr. Corson said that his […]
The Iraqi-French Business Council Economic Forum was held in Bagdad on the 1st of Dec. 2016 in its 10th session under the joint patronage of the Iraqi and French governments. The Forum activities opened with a welcoming speech by Dr. Sami Al- Araji, NIC Chairman through which he reviewed the history of establishing the Iraqi […]
By Ibrahim Malazada for Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. On Dec. 14, the Kurdistan Regional Government (KRG) rejected the federal budget for 2017. The government’s statement read, “The budget does not serve the KRG,” and stressed its refusal to […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Iraqi Foreign Ministry announced Dec. 2 the formation of a high-level committee to start implementing the Strategic Framework Agreement (SFA). This reflects Iraq’s readiness for the era […]
By John Lee. Russia's Lukoil has said it has no plans to cut oil production in Iraq in 2016-2017. Company President Vagit Alekperov (pictured) told reporters: “No, not yet. So far, we have not received such recommendations from the Government of Iraq.” (Source: Tass)
