Iran Dispatches First Gas Oil Cargo to Iraq
Iran dispatched the first cargo of its gas oil to Iraq’s Kurdistan region on Wednesday, Alireza Ashnagar Iran’s Kordestan province deputy governor general for political, security and social affairs said. He noted that 290,000 liter of gas oil were sent by 10 tankers to the Iraqi Kurdistan region in a bid to enhance living condition […]
GKP gets Part-Payment for Shaikan Oil Sales
By John Lee. Gulf Keystone Petroleum (GKP) has announce that a gross payment of $6.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil exports in April 2016. This is a partial payment of the invoiced amount and the balance is expected to be paid shortly. A further announcement will be […]
DNO, Genel receive Payment for Tawke Exports
By John Lee. Norwegian oil and gas operator DNO, as operator of the Tawke field, has announced that the Tawke field partners have received a payment of $16 million from the Kurdistan Regional Government for oil sales during April 2016. The payment reflects part settlement of the invoiced amount of $32.3 million for April 2016 […]
Genel Energy is paid for Taq Taq Sales; Shares Fall
By John Lee. Genel Energy has announced that the Taq Taq field partners have received a payment of $11 million from the Kurdistan Regional Government for oil sales during April 2016. Genel's net share of the partial payment for April 2016 Taq Taq oil sales is $6.05 million. The payment reflects part settlement of the […]
Iraq Shuts Down Internet Again
By John Lee. Iraq has turned off its internet yet again to coincide with student exams, according to a report from The Register. Authorities have instructed all ISPs to shut off the internet for specific three-hour blocks, the latest happening early on Thursday. The country-wide shutdown has prompted fierce criticism from groups both within and […]
Saudi Aid to Iraq held up in Baghdad
By John Lee. A consignment of aid from Saudi Arabia, intended for Anbar Province, has reportedly been held up at Baghdad airport because of Iraqi government red tape. according to a report in a local publication on Thursday. Arab News says the 315 tons of food, shelter and medicine had been sent on three planes […]
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 Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter and […]
Currency Auction Results, 26th May
By John Lee. The Central Bank of Iraq (CBI) has reported that 29 banks and 18 remittance companies took part in its currency auction on Thursday. A total of $121,342,437 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq Approved for $3bn Islamic Development Bank Loan
By John Lee. Reuters quotes a central bank spokesman as saying that the Islamic Development Bank (IDB) has given its initial agreement to provide $3 billion in easy loans and grants to Iraq. Iraq earlier this month agreed a $5.4 billion standby loan with the International Monetary Fund (IMF) in a deal that could unlock […]
Iran to Increase Investment in Southern Iraq
The Chairman of Iran-Iraq Chamber of Commerce, Yahya Ale Eshaq, has called for increased investment and trade with the southern provinces of Iraq, including Basrah. Iraq's Basra Province is a good market for export of Iranian commodities including oil, gas, food, building materials, technical and engineering services, he added. The official referred to the resolution […]
Dar Al-Handasah (Shair and Partners) Joins IBBC
The Iraq Britain Business Council (IBBC) is delighted to welcome Dar Al-Handasah (Shair and Partners) – a planning, design, management and supervision consultancy – to the organisation. Founded in 1956, Dar Al-Handasah (Shair and Partners) is one of the world’s leading design firms. The company has ranked highly on Engineering News-Record’s annual Top International Design […]
NATO Trains Iraqi Officers in Countering IEDs
NATO is helping Iraqi officers learn how to find and defuse Improvised Explosive Devices (IED). Between 1 May and 6 June 2016, two dozen officers are undertaking courses at the King Abdullah II Special Operations Training Centre in Amman, Jordan. NATO is also providing “train the trainer” instruction, enabling the officers to build the professionalism […]