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The Iraqi government has received the consent of the U.S. Department of State to buy American weapons in the form of Foreign Military Sales (FMS) worth more than $22 billion over a 12 year period according to reports.

The United States has been Iraq’s primary arms supplier since 2005, with arms exports in 2016 including 146 M1A1 Main Battle Tanks, 36 F-16 fighter aircraft, 24 IA407 helicopters, and 9 C-130 cargo aircraft.

American arms exports to the Iraqi government last year also included an F-16 munitions package of short-range air-to-air missiles, laser-guided bombs and air-to-ground tactical missiles.

The U.S. State Department released a fact sheet on March 22 saying Congress has provided Iraq with funding of over $2 billion in the form of Foreign Military Financing (FMF) following the end of the last round of funding in 2012 by the Department of Defence.

“These funds were originally intended to build up Iraq’s long-term sustainment and logistics capabilities, and for Iraqi Security Forces (ISF) professionalization and other essential training however they were also critical to the Iraqi effort to blunt IS’s advance."

Additionally, on March 25, the Iraqi Defence Ministry announced the arrival of four F-16 fighter jets to Balad Air Base in Salah-al-din Province as part of the deal with the USA. The defence ministry stated that "This is the fifth batch, with the new arrivals raising the total number of F-16 fighter jets in the Iraqi Air Force to 18".

(Source: GardaWorld)

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 across the country, including the battle to liberate Mosul.

Please click here to download the latest report free of charge.

For more information on how GardaWorld's services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at [email protected]

A study by the Iraqi Government into a planned oil pipeline that would extend from Iraq to Jordan has revealed that the project will cost between 5 and 7 billion dollars.

Jordanian press quoted energy minister Ibrahim Seif saying that a decision over the implementation of the project is expected from the Iraqi side soon.

“The pipeline will extend from Iraq’s city of Najaf, along the Saudi borders, to (Jordan’s) al-Aqaba,” the minister said, adding that both countries  will be adopting a build-operate-transfer (B.O.T) system within 15-20 years in carrying out the undertaking.

Officials from both countries agreed recently in Amman on the project that is meant to transfer nearly 100 million barrels of oil, covering Jordan’s needs of crude oil, which are estimated at 150.000 barrels a day. The remaining amounts are transferred to Egypt and other countries having oil deals with Iraq.

Jordan and Iraq had already signed a deal involving supplies to Jordan at 10.000 barrels of crude oil per day, surging to 30.000. Oil imports from Iraq are on a halt at present, though, due to the unstable security situation in the country.

(Source: GardaWorld)

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 across the country, including the battle to liberate Mosul.

Please click here to download the latest report free of charge.

For more information on how GardaWorld's services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at [email protected]

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 across the country, including the battle to liberate Mosul.

Please click here to download the latest report free of charge.

For more information on how GardaWorld's services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at [email protected]

Prime Minister Haider al-Abadi has said that the cost of damage to Iraqi infrastructure attributable to the Islamic State group (IS, ISIS, ISIL, Daesh) has reached $35 billion.

Abadi said “IS destroyed relations among social categories in Iraq, not to mention the huge humanitarian cost represented the high numbers of deaths, injuries and displaced people”.

He also stated that despite IS claims that it protects Sunnis, it “killed more Sunnis than any other Iraqi sects”.

(Source: GardaWorld)

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 across the country, including the battle to liberate Mosul.

Please click here to download the latest report free of charge.

For more information on how GardaWorld's services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at [email protected]

The annual Iraq Petroleum Conference, now in its eleventh edition, is set to once again gather the leaders of Iraq’s Oil & Gas industry to discuss the major opportunities and strategies for the newly emerging energy landscape.

Organised by energy events experts CWC Group and proudly working alongside the main government institutions in Iraq: the Iraq Federal Government, Iraq Federal Parliament, Ministry of Oil and Ministry of Electricity, the Conference has established itself as the yearly platform where internationals meet with the country’s energy experts.

Spread over two days, the Programme features important panel discussions and interactive debates led by Iraq’s Minister of Oil, H.E. Jabbar Al Liabi, and will have the participation from established companies in the industry such as Shell, Rante, Chevron, Total, Lukoil, Oil Serve, Pilot Energy, GardaWorld, Baker Hughes and Vinson & Elkins LLP.

Distinguished speakers include:

• E. Jabbar Al Liabi, Minister of Oil, Federal Government of Iraq
• E. Dr Salih Husain Ali, Ambassador, Embassy of the Republic of Iraq, Federal Government of Iraq
• London, UK
• Dr Falah Jassim Alamri, Director General of SOMO, Ministry of Oil, Federal Government of Iraq
• Sir Jeremy Greenstock, Chairman, Lambert Energy Advisory
• Zaid Elyaseri, Iraq Country Manager, BP Iraq
• Ian MacDonald, Former Vice President, Europe, Eurasia and Middle East Exploration & Production, Chevron
• Marcus Antonini, Iraq Vice President & Country Chairman, Shell
• Ambassador James Franklin Jeffrey, Former Senior American Diplomat, Middle East, Turkey, Germany & the Balkans
• Shawki Al-Khalisi, Head of Studies, Arab Petroleum Training Institute, OAPEC, Ministry of Oil, Federal Government of Iraq
• Loris Tealdi, Managing Director, ENI Iraq b.v.

(View the full speaker list here)

Following the official opening keynotes, the speakers will address important topics for the industry, dedicating a session to each of the following:

• Iraq a Major Oil & Gas Player: Strategies for the New Energy Landscape
• Iraq’s Oil & Gas Operators: The Value of Partnerships in Developing Energy for Iraq’s Future Generations
• Iraq’s Oil & Gas Development Projects: Cooperation, Innovation & Investment
• Crude Oil Pricing & Trading: Understanding Global Trends in Crude Oil Trading in Light of Iraq’s Increased Exports
• Iraq’s Gas Projects: Commercial & Financial Considerations
• Innovative Financing Solutions for Iraq’s Energy Sector
• Iraq’s Power Sector: Outlining Projects & Raising Capital for New Projects
• Building Iraq: Securing the Energy Critical Infrastructure

(View the full programme here)

More information at: http://www.cwciraqpetroleum.com/

(Source: CWC)

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 across the country, including the battle to liberate Mosul.

Please click here to download the latest report free of charge.

For more information on how GardaWorld's services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at [email protected]

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 across the country, including the battle to liberate Mosul.

Please click here to download the latest report free of charge.

For more information on how GardaWorld's services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at [email protected]