Oil Discovered at Block 10
By John Lee. Russia's Lukoil and Japan's Inpex have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in Basra governorate. The well recorded a daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon field presence within […]
Ministry of Oil announces New Refinery Investment
By John Lee. Iraq's Ministry of Oil has announced the offering of a new investment refinery in Basra province. The facility at Fao [Faw] city will have a capacity of 300 thousand barrels/ day, and will be capable of being extended to produce the petrochemicals. (Source: Ministry of Oil)
Asiacell Revenues Fall 14%
By John Lee. Qatar-based Ooredoo has announced that its Iraqi unit Asiacell has maintained its No.1 revenue market share position, but its revenues have fallen 14 percent: In its FY 2016 Earnings Statement the company said: "Despite economic and political challenges in Iraq, Asiacell maintained its revenue and data market leadership. Asiacell successfully reactivated service […]
Shaikan Crude to be Exported by Truck
Gulf Keystone Petroleum (GKP), operator of the Shaikan Field in Iraqi Kurdistan, has said the Kurdistan Regional Government's Ministry of Natural Resources (MNR) is to begin exporting all Shaikan crude production via trucks to Turkey, from the end of February. Subsequently, no Shaikan crude will be injected into the Kirkuk-Ceyhan export pipeline at Fishkhabour, until […]
"Conditions Have Been Set" for ISIS Defeat in Western Mosul
Iraqi forces are advancing into western Mosul and making steady gains in efforts to liberate the area from the Islamic State of Iraq and Syria, the spokesman for Combined Joint Task Force Operation Inherent Resolve said today. The ISIS-controlled area is "shrinking steadily with each passing day," Air Force Col. John Dorrian told Pentagon reporters […]
Video: Iraqi Forces press Assault on IS South of Mosul
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi forces consolidate their positions after blasting their way to the southern edge of Mosul in an assault Baghdad and its partners hope will spell the doom of the jihadist "caliphate". Iraqi forces backed […]
Inherent Resolve Strikes Target ISIS in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Coalition military forces conducted 23 strikes consisting of 36 […]
Rosneft and KRG sign Oil Deal
Russia's Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the IP week conference in London. Pursuant to the Cooperation Agreement the parties signed a pre-financed Crude Oil Purchase and Sale Contract of Kurdistan Region […]
Video: UK scheme to Preserve Iraq's Antiquities
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi archaeologists have faced serious challenges in recent years. Some sites have suffered destruction from ISIL. But the British Museum in London is hoping that their programme of hi-tech resources and training will […]
Radiation Danger raises Concern, Controversy in Iraq
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. Radiation levels in parts of Iraq — including the heavily populated capital — are an environmental disaster that must be investigated and remedied, parliament member Hassan Salem and […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Education Manager, Save the Children Consultancy-Effects of Conflict on Education, Save the Children WASH Program Manager, Mercy Corps TA WASH Cluster Coordinator, United Nations Children's Fund (UNICEF) FT Warehouse Assistant, United Nations Children's Fund (UNICEF) Protection Analyst, Danish Refugee Council (DRC) Head of […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: AGRESSO Information System Officer, Norwegian Refugee Council (NRC) Monitoring & Evaluation Coordinator (Accountability), Norwegian Refugee Council (NRC) Finance Officer, Norwegian Refugee Council (NRC) Shelter Assistant- Technical, Norwegian Refugee Council (NRC) Shelter Assistant- Community Mobilization, Norwegian Refugee Council (NRC) TA Roving Child Protection […]