Currency Auction Results, 17th Nov
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 15 remittance companies took part in its currency auction on Thursday. A total of $150,085,261 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
ShaMaran Announces 3Q Results
ShaMaran Petroleum has announced its financial and operating results for the nine months ended September 30, 2016. Unless otherwise stated all currency amounts indicated as “$” in this news release are expressed in thousands of United States dollars. On November 7, 2016 the Assignment, Novation and Fourth Amendment Agreement to the PSC (the “4th PSC […]
US Confident of Success in Campaign Against IS
With the fall of Mosul within sight, the battle against the Islamic State of Iraq and the Levant terror group will shift to other domains and areas, the chairman of the Joint Chiefs of Staff said in a recent interview. The offensive in Mosul is just one part of the total offensive against ISIL, Marine […]
Iran Totally Opposed to Disintegration of Iraq: Velayati
Iran’s assistance for Iraq is rooted in age-old good neighborly relations, Head of the Strategic Research Center of Iran’s Expediency Council Ali Akbar Velayati said, expressing Tehran’s strong opposition to any plans for splitting up the Arab country. Iran’s positive response to the Iraqi government’s request for help in the fight against terrorism is justified […]
Gains Made for Mosul, Tough Fighting Remains
Iraqi forces and Kurdish peshmerga are making gains in the approach to Mosul, but fierce fighting is expected in the dense terrain inside the northern Iraqi city, the Pentagon's press operations director said on Tuesday. The effort to liberate Mosul from the Islamic State of Iraq and the Levant is a tough fight that is […]
Video: Syrian Kurds take on ISIL in Mosul
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Kurdish Peshmerga forces have played a vital role in the fight to take Mosul, helping clear towns and villages since the offensive started last month. But the Kurds on the frontline are not […]
Counter-ISIL Strikes Target Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Monday, 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 Attack, bomber, fighter and […]
Currency Auction Results, 16th Nov
By John Lee. The Central Bank of Iraq (CBI) has reported that 28 banks and 15 remittance companies took part in its currency auction on Wednesday. A total of148,181,665 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Will Trump bring better future for Iraqis?
Iraqis paid close attention to the US presidential race, especially to the candidates' positions on their country. Many Iraqis welcomed Donald Trump's presidential victory, as well as his anti-terrorism and anti-chaos rhetoric on Iraq. Once the announcement came that Trump had won, many Iraqi politicians and citizens expressed joy. Prime Minister Haider al-Abadi congratulated the new […]
Protechnique wins work on $80m Basra Project
By John Lee. Iraq’s Ministry of Municipalities and Public Works (MMPW) has reportedly appointed Protechnique as the main contractor for the $80-million Basra Water Pumping Station, P2R. According to a report from Construction Week Online, it will provide engineering, procurement, and construction (EPC) services for the project’s transmission reservoir and transmission pump station; chlorine building; […]
Iraq plans Lower Basra Crude Exports in December
By John Lee. Iraq plans to export 3.163 million bpd of Basra crude from its southern ports in December, according to a report from Reuters. The figure is slightly down on November's plan. It would be made up of 2.437 million bpd of Basra Light, and 726,000 bpd of Basra Heavy. Iraq has also raised […]
Iraq, Jordan stress Importance of New Pipeline
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has met with Mr. Ibrahim Saif, the Jordanian Minister of Energy and Mineral Resources. The parties agreed on the necessity of strengthening relations between the two countries, with Mr. Allibi stressing the importance of the oil and natural gas pipeline project to Aqaba port. He […]