Oil Exports Up in July
By Simon Kent. Iraq's oil exports have been recorded at an average of 3.28 mbpd for July, a rise from 3.18 mbpd in June. This is good news for Iraq, although a two month fall in exports due to infrastructure problems was offset by a slight increase in the price of oil. In June, a […]
Donors Pledge $2.1 bn, More Expected
By Simon Kent. Supranational organizations and countries at the US State Department organized Washington donor conference have made pledges of hundreds of millions of dollars for Iraq. This will take some financial strain off the Iraqi government as it struggles to assist over 3 million displaced people, amid slumped oil revenue and ongoing war expenditure. […]
Canada Plans Field Hospital for Mosul Battle
By John Lee. Canadian Minister of Defence Harjit Sajjan has announced that Canada will establish and staff a field hospital (or military hospital) as a part of its contribution to the forthcoming battle for Mosul, expected some time over the coming winter. Sajjan noted, "As part of our ongoing commitment, Canada will soon deploy up […]
Concern over Post ISIS Iraq Landscape
By Mustafa Sadoon for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The military protocol agreement signed July 12 between the Iraqi Kurdistan Regional Government and the United States might create controversy in Iraq’s public and political circles, especially those that do not have good relations with the […]
Deep Casing Tools Deploys First System in Iraq
Scotland-based casing and completion tool specialist Deep Casing Tools has continued its Middle East expansion with a successful deployment of its unique drillable turbine technology in Iraq. The company’s 7” Turbocaser Express™ high-speed reaming system was deployed recently for a client who had experienced previous liner running issues. The Turbocaser Express™ reamed through multiple problematic […]
US files suit against DynCorp over Iraq Contract
By John Lee. The United States has filed a False Claims Act complaint against DynCorp International Inc. (DynCorp) alleging that it knowingly submitted inflated claims in connection with a State Department contract to train Iraqi police forces (CIVPOL contract). The United States filed the complaint in the U.S. District Court for the District of Columbia. […]
Russian firm Stopped Armoured Vehicle Shipments to Iraq
By John Lee. Russia's Uralvagonzavod (UVZ) reportly stopped deliveries of armoured vehicles to Iraq due to delayed payments. TASS, citing UVZ`s 2015 annual report, stated: "In 2015, the UVZ Corporation stopped the shipping of the defense production to the No.356 customer (Iraq) due to delayed payments." (Source: Defense World)
IS Bans Internet in Mosul
By John Lee. The Islamic State group (IS, ISIS, ISIL, Daesh) has ordered internet service providers (ISPs) to block access to the internet for residents of Mosul. But according to local sources, the ISPs still have to provide services to specific IS headquarters across the city, so online activities can be easier monitored by the […]
Humanitarian Partners Warn that Time is Running Out
Humanitarian Partners Warn that Time is Running Out: $284 Million is Urgently Needed to Prepare for the Mosul Humanitarian Operation Humanitarian partners in Iraq are warning that urgent steps need to be taken to prepare for Mosul. Partners are appealing for USD 284 million to start preparing for the operation, which could impact as many […]
Mapping the road to the Liberation of Mosul
By Muhannad Al-Ghazi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi forces are advancing toward the city of Mosul from the four corners of the country. Kurdish peshmerga are moving from the north and east, while government-controlled forces are heading toward the city from the […]
UK opens Criminal Investigation into Unaoil
By John Lee. The UK's Serious Fraud Office (SFO) has announced that it is conducting a criminal investigation into Unaoil, the Monaco-based company that has been implicated in an international corruption scandal. A statement from the SFO called for information relating to the allegations: "The SFO is conducting a criminal investigation into the activities of […]
Abadi Accepts Resignation of 6 Ministers
By John Lee. Iraqi Prime Minister Haider al-Abadi has accepted the resignations of the ministers of oil, transport, housing and construction, water resources and industry, as well as interior, which had been previously announced. Abadi has previously called for the cabinet to include technocrats, a call later taken up by Shia cleric Moqtada al-Sadr, but […]