Glencore seeking to Increase Oil Trading with Iraq
By John Lee. Reuters reports that Glencore is seeking to increase oil trading with Libya, Iran and Iraq to beat what looks to be a much tougher trading environment compared with last year. Alex Beard, the company's global head of oil, told the Reuters Commodities Summit that Glencore would be seeking to trade more crude from […]
Renovation of Anbar University’s Residential Units in Ramadi
The United Nations Human Settlements Programme (UN-Habitat) has inaugurated newly renovated residential units in Anbar University, located in Ramadi, Anbar Governorate. With generous contribution from the Government of Japan, the renovation of the residential units was implemented under the project titled “Promoting Urban Recovery in Newly Liberated Areas in Iraq.” As other public facilities and […]
KRG plans to Reform Education to Fight Extremism
By Ibrahim Malazada for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. On Sept. 22 and 23, the Dwryan Organization held its second conference in Sulaimaniyah with the participation of researchers and specialists in the field of education. The conference focused […]
Parliament Speaker outlines post-IS plan
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Salim al-Jabouri is the fifth Sunni Arab figure to become speaker of the parliament during the three post-2003 parliamentary terms. Jabouri belongs to the Islamic Party, which is said to […]
Liberating Mosul "Will Be Iraq’s Biggest Fight"
The size of Iraq’s second-largest city will make the liberation of Mosul from the Islamic State of Iraq and the Levant’s two-year grip the largest mission Iraqi security forces have yet undertaken against the enemy, the spokesman for Combined Joint Task Force Operation Inherent Resolve told Pentagon reporters today. Providing an update on the counter-ISIL […]
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 […]