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ScreenHunter_2338 Nov. 06 14.41

Iraqi PM Under Attack

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Nobody On Team al-Abadi: Iraqi PM Under Attack, Can't Please Anyone, So How Can He Save the Country?

Nobody in Iraqi politics appears to like Prime Minister Haider al-Abadi much anymore. Some dislike him for his proposed reforms, others for not reforming enough. It's a no-win scenario. How long can he last?

Iraq's Prime Minister Haider al-Abadi is in trouble – and with almost everyone. Sources from inside Iraq's government say that over the past few weeks politicians from Shiite Muslim parties, one of which is al-Abadi's own, and Sunni Muslim parties, traditionally opposed to the Shiite ones, have held private meetings to discuss whether al-Abadi can be removed from his post.

The same sources suggest Iraqi Kurdish politicians were also involved and that al-Abadi was sent a warning.

The problem is, is that the beleaguered Prime Minister, who came to power with a clever balancing act in August 2014, is under siege from all sides, with all of his critics dissatisfied with him, and for different, opposing reasons. In fact, the only thing all his opponents have in common is that they're critical of al-Abadi.

Much of the most vocal criticism is actually coming from al-Abadi's own political bloc, the State of Law coalition, and within that coalition, his own political party, the Dawa party. There is a split within the Shiite Muslim-dominated State of Law coalition and it appears to be deepening, with local analysts saying that it's likely to manifest most strongly during 2017's planned provincial elections.

Many of the MPs from within the coalition support Iraq's former Prime Minister, Nouri al-Maliki, who was ousted against his will and who has continued to try to undermine al-Abadi.

The other side of the divide within the State of Law consists of the MPs who back al-Abadi – they are far fewer in number and tend to be other members of the Dawa party, most of whom were also political exiles in London, alongside al-Abadi.

The latter group supports al-Abadi's proposed reforms to combat corruption and the idea of creating a National Guard for Iraq, which would annex both the Shiite Muslim volunteer militias and Sunni muslim tribal fighters.

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Col Steve Warren

Col. Steve Warren Updates Iraq, Syria Operations

The coalition fighting Islamic State of Iraq and the Levant terrorists in Syria and Iraq has conducted 7,712 airstrikes since operations began, the majority in Iraq, an Operation Inherent Resolve spokesman said today.

Army Col. Steve Warren, speaking via teleconference from Baghdad, told reporters at the Pentagon that 5,032 of those airstrikes were in Iraq, while 2,680 were in Syria.

In other developments, Warren recounted how 70 hostages were freed from an ISIL prison in Hawija, Iraq, during an Oct. 22 raid.

Army Master Sgt. Joshua Wheeler was killed by enemy small-arms fire during the operation. "We're all thinking about the family of Master Sgt. Joshua Wheeler. He is a hero," Warren said.

'Tough Fight' in Ramadi

Iraqi security forces are conducting "consolidation and reorganization operations" to retake Ramadi, Warren said. Iraqi forces face improvised explosive device attacks, but have "held the line," he added.

Coalition forces have conducted 26 airstrikes in Ramadi since last week, breaking several enemy counterattacks and providing maneuver space as the Iraqi forces continues to clear obstacles and IED clusters, he said.

Warren described the battle to retake Ramadi as a "tough fight," adding that he is confident Ramadi will be liberated. "But I'm not going to predict a timeline," he said.

Meanwhile, Warren said, in Beiji, the elite Iraqi Counter Terrorism Service, federal police and the Popular Mobilization Forces are working to clear the city and the Beiji oil refinery.

New Counter-IED Tools for Iraqis

The United States has adjusted its training and equipping program, in light of the extensive IED clearance and obstacle reductions the Iraqi forces face, Warren said.

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ScreenHunter_2257 Oct. 25 14.31

Video: Iraq Mulls Russian Support Against IS

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

Russia's intervention in Syria is changing the face of the conflict.

And there are calls for it to get involved in Iraq too.

The Iraqi Prime Minister's coalition partners are complaining that U.S.-led airstrikes haven't been effective enough against ISIL.

From Baghdad, Imtiaz Tyab reports:

Posted in Security 1 Comment

Haider Al-Abadi meets Russian President Putin, 280915

Can Iraq meet US, Russia halfway?

By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

The conflicts in Iraq and Syria are becoming increasingly convoluted by the day. Russia's engagement has been an additional complication to the overlapping battles.

This international interference is undoubtedly a major challenge to the regional countries, whose security, political composition and political undertakings are vulnerable, as is the fragile concept of citizenship within their borders.

Iraq is one of those weak countries in the region that did not deal with the developing situation in a way that would protect its interests and distance it from repercussions of the religious conflict raging between the major countries in the Middle East.

The Iraqi joint operations command (covering the army, Popular Mobilization Units and internal security forces) said in a statement Sept. 27 that Iraq has signed security and intelligence agreements in coordination with various countries as part of the fight against the Islamic State (IS). The countries include disparate parties such as Russia, Iran, Syria, Egypt, Turkey, Jordan, Germany and France, in addition to members of the US-led coalition against IS, in which 60 countries are participating.

The press office of Prime Minister Haider al-Abadi said Sept. 30 that Iraq, Syria, Iran and Russia agreed to set up a joint information center in Iraq. Russian airstrikes against Syrian opposition forces coincided with that announcement.

On Oct. 1, Russian Foreign Minister Sergey Lavrov announced his country was ready to carry out air raids on IS positions in Iraq as well. Lavrov had said May 21 that Russia would meet Iraqi, Syrian and Egyptian demands for Russian support to expel terrorists from their territories.

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ScreenHunter_2151 Oct. 09 10.37

Video: Popularity of 'Putin the Shiite' sky high in Iraq

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

Russian President Vladimir Putin's bullish entry into the Syrian conflict has worked wonders for his popularity in neighbouring Iraq, where some await "Hajji Putin" like a saviour:

Posted in Security 4 Comments

ScreenHunter_2149 Oct. 09 10.35

Why The Russians Won't Win Against Extremists in Iraq

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Mid-East's New 'Cold War': Why The Russians Won't Win Against Extremists in Iraq

Since the announcement of a new military alliance including Russia, locals have been trading arguments. Could Iraq become the stage for a new “Cold War”? And how effective can this coalition really be?

For many Iraqis, the news that came last week of an alliance between Syria, Russia, Iran and Iraq was shocking. And it is not just in Syria that this Russian intervention is threatening to carve even deeper fault lines in the Middle East. In Iraq, locals are equally divided about the alliance, in line with existing allegiances.

That is, Iraq's Shiite Muslims who tend toward support for Shiite Muslim-dominated Iran, and thereby Bashar al-Assad of Syria and Russia like the idea. Whereas Iraq's Sunni Muslims tend toward support for the US and the Sunni Muslim Gulf Arab states like Saudi Arabia and Qatar and do not like the idea. The Russian intervention presents the country with a real dilemma.

It is true that in Iraq, political discourse is often limited to extreme views, and those views are usually right on the opposite side of the fence from one another with no real middle ground for negotiation. But as many analysts have said before, the Russian intervention seems even more dangerous than usual because it threatens to topple an already very delicate balance of foreign power in Iraq.

All Shiite Muslim political parties and military forces in Iraq have said they welcome the new Russian intervention in the Middle East. They say that US intervention hasn't been able to end the security crisis caused by the extremist group known as the Islamic State in Iraq, despite just over a year of effort.

On an individual level, many local Shiites started calling the Russian President, Vladimir Putin, their hero and were posting footage of him with the Russian army onto social media. Others replaced their Facebook profile pictures with shots of Putin. There were also a lot of false rumours spreading about how Russians had entered Anbar and killed hundreds of Islamic State fighters.

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Simon Hatfield, CEO, WesternZagros

WesternZagros Updates on Kurdistan Ops

WesternZagros Resources has announced its production of light oil in the Kurdistan Region of Iraq averaged approximately 5,000 barrels per day in the third quarter.

As previously disclosed, operatorship of the Garmian Block was to transition from WesternZagros to Gazprom Neft Middle East B.V at the end of the exploration period for the block pursuant to agreements entered into in 2012.

While the Company had been requested to continue operatorship for a period of time following the end of exploration, the co-venturers are now in the process of implementing this transfer of operatorship.

Garmian Block

Production from the Sarqala-1 well in the third quarter remained on target, averaging approximately 5,000 barrels of light oil per day ("bbl/d") and has averaged approximately 5,200 bbl/d since commencement of production from the well on February 11, 2015. Since the time of the first extended well test in 2011, the well has now produced 2.2 million barrels of oil with no formation water.

Hasira-1 has been successfully and safely suspended and future options to utilize the well bore are being evaluated.

CEO Simon Hatfield (pictured) stated:

"We are now ready to transfer operatorship to Gazprom Neft according to the original 2012 agreement ...

"WesternZagros took the initial exploration risk that resulted in the Sarqala light oil discovery and also started production to unlock the potential of the block.

"Now it is time to turn development operations over to a world-class operator with extensive technical, operational and regional expertise in crude oil production, refining and marketing. Gazprom Neft is a US$10 billion company that shares our vision of the Garmian Block's potential."

Operatorship is expected to transfer on or before the end of the first quarter of 2016. Pursuant to amendments to the Production Sharing Contract entered into in 2012, Gazprom Neft was to assume operatorship with the move from the exploration period to the development period in December 2013.

However, this action was deferred at the time and WesternZagros was asked by its co-venturers to remain as the operator during the interim period.

The current period is a convenient time to transfer operatorship while the Garmian Field Development Plan ("FDP") is under final review by the Kurdistan Regional Government ("KRG"). Based on the current anticipated timing of FDP approval, the Sarqala-2 development well will likely be spud in the first quarter of 2016. During this time, the co-venturers will finalize the transfer of operatorship and continue to evaluate lower-cost drilling rigs and support contracts to reduce capital costs.

Gazprom Neft Group consists of more than 70 production, refining and sales subsidiaries in Russia, neighbouring countries and further afield. It refines approximately 80 percent of all the oil it produces, one of the highest ratios of all Russian companies in the sector.

It is the third-largest oil company in Russia by refining volume and the fourth largest in terms of production. Gazprom Neft is the operator of two other blocks in the Kurdistan Region, where exploration drilling programs are ongoing, and is the operator of the US$4 billion, production-stage Badra Project in western Iraq.

Kurdamir Block

WesternZagros and its operator in the Kurdamir Block, Repsol S.A., continue to actively work with the KRG to advance the development plan for the Kurdamir oil and natural gas discovery. It is expected that these plans will be finalized in the first quarter of 2016.

Corporate

As the operatorship of the Garmian Block is transitioned to Gazprom Neft, WesternZagros is looking to apply its extensive core expertise in exploration and early-stage development, as well as its well-capitalized balance sheet, to assess other potential opportunities in the Kurdistan Region of Iraq, and elsewhere in the Middle East and North Africa.

(Source: GKP)

Posted in Iraq Oil & Gas News 5 Comments

Iran Khodro (IKCO) cars assembled at ZSCo plant in Iskandariya

IKCO Iraq "at Full Capacity"

By John Lee.

Iranian vehicle maker Iran Khodro (IKCO) has exported over 6,000 vehicles to the international markets in the first half of the current Persian calendar year surpassing the car manufacturer's export record throughout last year.

IKCO 's Deputy for Export and International Department, Saeed Tafazzoli said IKCO's main foreign site is located in Iraq (pictured) and is operating at full capacity. Other foreign sites are also operating "regularly" in Venezuela and Senegal.

He added that IKCO's after-sales services have been expanded in target counties: "The largest after-sales services networks are in Iraq, Russia and Syria which have largely imported IKCO 's vehicles. Meanwhile, about 150 active dealers are offering IKCO 's services in the international markets."

(Source: Zawya)

Posted in Iraq Industry & Trade News, Iraq Transportation News 5 Comments

ScreenHunter_2074 Sep. 29 00.22

Video: Anti-Daesh Coordination with Syria, Russia, Iran

From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

Prime Minister Haider al-Abadi's spokesman says Baghdad will step up coordination with Russia, Iran and Syria in the field of military intelligence to share and analyze information.

Sa’ad al-Hadithi says the coordination committee would focus on monitoring the movements of terrorists. The move comes as Moscow is boosting its military presence in Syria, deploying more troops and warplanes to an air base.

Iraq and Syria have been engaged the fight against the ISIL for years now.

http://www.youtube.com/watch?v=iVyJrDEpeMg

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Iran Iraq - shutterstock_212011540

Major New Business Opportunities in Iran

The publishers of Iraq Business News are delightd to announce the launch of our new publication, Iran Business News, in response to the intense business interest in Iran in anticipation of the lifting of santions.

After years of negotiations, agreement has been reached between Iran and the P5+1 countries (China, France, Russia, the United Kingdom, the United States, and Germany) that will allow the gradual lifting of sanctions, finally opening Iranian markets to international commerce.

This is expected to have a dramatic effect on Iranian economy and society.

With a population of 74 million, and the second largest economy in the Middle East and North Africa (MENA) region, a sanctions-free Iran holds vast potential for growth and development, and international companies are already signing contracts.

As with Iraq Business News, our mission at Iran Business News is to provide our readers with the highest quality information on the business and economy of Iran, keeping them up to date and enabling them to make the right decisions.

You can check out Iran Business News by clicking here, and sign up for the soon-to-be-launched newsletter here.

To promote your business to the Iranian market, please contact our sales manager, David Jeffries: [email protected], +44 20 8150 5293.

(Iran-Iraq image via Shutterstock)

Posted in Blog, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News 5 Comments