Currency Auction Results, 28th Dec
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 16 remittance companies took part in its currency auction on Wednesday. A total of $169,390,375 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Egypt plans to Import Oil Directly from Iraq
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 […]
Iraq Oil Minister meets with ExxonMobil Boss
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 […]
Iraqi-French Business Council Economic Forum
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 […]
Alliant Wins More Iraqi Business
By John Lee. Alliant Techsystems Inc. has been awarded a $16,946,770 firm-fixed-price modification (P00007) to previously awarded contract FA8106-16-C-0004. The contractor will fully develop and implement a modification in Iraq to install five MX-15 HD systems and upgrade all Cessna 208 aircraft to HD video. Work will be performed in Iraq, and is expected to […]
Tender for Operation and Maintenance of Power Stations
Ministry of Electricity of the Republic of Iraq (MOE) hereby announces that it is issuing a Request for Proposal (RFP) in connection with the following Tender No., for the operation and maintenance of simple cycle Gas Turbine Power Projects and to convert the plan into combined Cycle on a (BOO) basis Build, Own, Operate. Tender […]
Federal Budget Widens Political Conflict among Kurdish Forces
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 […]
Baghdad looks to Trump with Framework Agreement
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 […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Procurement Coordinator, Norwegian Refugee Council (NRC) ICLA Officer- Legal Assistance, Norwegian Refugee Council (NRC) ICLA Officer- Information & Counselling, Norwegian Refugee Council (NRC) ICLA Information Officer, Norwegian Refugee Council (NRC) Advisor Security Risk Management Support to the Stabilization Process, Deutsche Gesellschaft für Internationale […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Consultant Information Management Officer, Food Security Cluster, United Nations World Food Programme (WFP) National Logistics Officer, United Nations World Food Programme (WFP) Programme Specialist, Protection from Sexual Exploitation and Abuse (PSEA), United Nations Population Fund (UNFPA) Cash Operations Coordinator, Oxfam Humanitarian Affairs […]
Lukoil will not Reduce Oil Output in Iraq in 2016-2017
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)
Genel Energy completes 3rd Well at Taq Taq
Genel Energy has issued the following update in respect of the Taq Taq field (Genel 44% working interest): The third and final well of the 2016 Taq Taq drilling programme, TT-16y, has been successfully drilled and completed in the main Shiranish reservoir. The well is naturally flowing at c.8,000 bopd. Gross Taq Taq production is […]