Coalition Strikes Hit ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Tuesday, 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 Attack, fighter and […]
Currency Auction Results, 13th Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 14 remittance companies took part in its currency auction on Thursday. A total of $141,865,045 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq to cut Basra Oil Exports in November
By John Lee. Reuters reports that Iraq plans to cut crude oil exports from its southern ports to 3.24 million bpd in November, down from the 3.28 million bpd planned for this month. According to data from a preliminary loading programme of the State Oil Marketing Organization (SOMO), exports of Basra Light grade are expected […]
IMF Reviews Progress in Iraq
The Iraqi authorities and the staff of the International Monetary Fund (IMF) continued discussions in Washington during October 6–10, 2016 on the first review of Iraq’s 36-month Stand-By Arrangement (SBA) approved by the IMF Executive Board on July 7, 2016. Mr. Christian Josz, Mission Chief for Iraq, issued the following statement: “The Iraqi authorities have […]
US Approves $65m Sale of Cessna Aircraft to Iraq
By John Lee. The US State Department has approved a possible Foreign Military Sale to Iraq for AC-208 aircraft and related equipment, training, and support. The estimated cost is $65.3 million. The Government of Iraq requests to purchase two (2) Cessna AC-208 aircraft that include: dual rail LAU-131 Hellfire launcher capability on each wing, AN/ALE-47 […]
New Production Wells at Tawke Oil Field
By John Lee. Norwegian oil and gas operator DNO has announced the completion of three new production wells at the Tawke field in the Kurdistan region of Iraq, as part of a stepped up drilling program kicked off in July 2016. The Tawke-31 well, targeting the main Cretaceous reservoir will be brought on production following […]
Need better Data to make Progress for Girls in Iraq
UN Women and UNICEF Iraq highlight need for better data to make progress for girls in Iraq On the International Day of the Girl Child, UN Women and UNICEF would like to recognize the strides made globally in promoting the rights of girls, but also to highlight the challenges left to overcome. In Iraq, girls […]
Coalition Strikes Target ISIL Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Monday, Combined Joint Task Force Operation Inherent Resolve officials reported on Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber […]
Turkey's "Brash Behaviour" Riles Iraq
By Fehim Taştekin for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Turkey has been officially uninvited — in no uncertain terms — to the liberation of Mosul, Iraq. When rumors began piling up recently that Turkey — after launching Operation Euphrates Shield in […]
Currency Auction Results, 11th Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 31 banks and 14 remittance companies took part in its currency auction on Tuesday. A total of $152,653,486 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Lukoil Lobbies for more favourable Contract
By John Lee. Oil Minister Jabar Ali al-Luaibi (Allibi) met the President of Russia's Lukoil, Vagit Alkpirov [Alekperov], at the his office on Sunday. The Minister confirmed plans to develop the production and investment gas this year and next year, at called for Lukoil to participate in new projects to be started next year. Mr […]
Supreme Court rules Against Abadi's Reforms
By John Lee. Iraq's Supreme Court ruled on Monday that Prime Minister Haider al-Abadi's attempt to abolish the roles of Vice President and Deputy Prime Minister was unlawful. It said the roles are required under the constitution, and can only be eliminated by an absolute majority in parliament and then ratified by a national referendum. […]