Lukoil to Invest $1.5bn in West Qurna-2 this year
By John Lee. Lukoil boss Vagit Alekperov (pictured) told reporters on Monday that investment in the West Qurna-2 oil field is estimated at $1.5 billion in 2017. He said the company has already been compensated for about $6 billion of historical costs, adding that he expects to negotiate a revised contract with Iraq with the […]
Iraq plans Offshore Oil and Gas Exploration
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has directed the Iraqi Oil Exploration Company (OEC) to start exploring Iraq's coastal waters for new oil and gas reserves. Addressing an OEC conference, the Minister also emphasised the need to focus on areas bordering neighbouring countries. Iraq recently declared an additional 10 billion barrels […]
Wikipedia "Data Free" in Iraq
Today, Wikimedia community members in Iraq, the Wikimedia Foundation, and Asiacell, one of Iraq’s largest mobile operators, announced a new partnership to provide access to Wikipedia free of mobile data charges to Asiacell’s nearly 12 million subscribers in Iraq. The partnership was announced today at a press event hosted by Ooredoo during Mobile World Congress […]
American Corner opened in University of Kurdistan Hewler
The Head of the KRG Department of Foreign Relations, Falah Mustafa, attended the opening ceremony of the American Corner in the University of Kurdistan Hewler (UKH) in Erbil. The American corner will focus on promoting education in the host community, student exchange programs between the Kurdistan Region and the United States, providing electronic databases and […]
Presidents Barzani and Erdogan Meet in Turkey
President Masoud Barzani visited Turkey to be received by President Recep Tayyip Erdogan to discuss a series of important issues facing the region. During the meeting President Barzani and President Erdogan spoke of the ongoing military operation against the terrorists of the Islamic State in the city of Mosul where President Barzani reiterated his position […]
Details of Latest Airstrikes in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Coalition military forces conducted 14 strikes consisting of […]
Will Iraq ban Unveiled Women from Holy Cities?
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Ibtisam al-Hilali, a member of parliament for the Karbala governorate and member of the State of Law Coalition, led by Nouri al-Maliki, stated Feb. 12 that the governorate’s provincial […]
Oil Export, OPEC Cut Effects and Budget Implications
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Oil Export, OPEC Cut Effects and Budget Implications Monthly data during the first half of this year are important for Iraq for two main reasons: they reveals the test of OPEC-cuts and […]
ABB in $500m Iraq Electricity Deal
By John Lee. Iraq has signed a $500-million agreement with Swiss-Swedish ABB to implement energy transmission projects. Prime Minister Haider al-Abadi's office said on Sunday that the agreement was signed between the company and the government of Iraq for the Ministry of Electricity. (Source: Office of the Prime Minister)
Meet the Influencers at IBBC Spring Conference
Advertising Feature IBBC Spring Conference 2017 Iraq: Rising Confidence Monday 3 April at Mansion House, London Baroness Nicholson of Winterbourne, IBBC President, the Executive Committee and Council Members, are pleased to invite you to the IBBC Spring Conference to be held on Monday 3 April 2017 at the prestigious Mansion House in London. The conference is […]
Bombs target Bai Hassan Oil Pipeline
By John Lee. Reuters reports that four bombs caused damage and fire on Saturday near a minor pipeline that delivers crude oil from the Bai Hassan oilfield to a degassing station in Kirkuk. Sources at the state-run North Oil Company (NOC) told the news agency that pumping had already been halted at the time of […]
Saudi Foreign Minister in Landmark Visit to Iraq
By John Lee. Saudi Arabia's foreign minister Adel al-Jubeir has met senior Iraqi officials in Baghdad, in the first such visit by a Saudi foreign minister since 1990. Last year, the Saudis appointed an ambassador in Iraq for the first time in a quarter of a century, but later demanded his removal after he made […]