US warns of "Tsunami" if Mosul Dam Collapses
The Embassy of the United States of America has released a fact sheet on the Mosul Dam, offering a detailed overview of the risk of a potential failure and, as a contingency, recommendations for how residents in Iraq should respond in the event of an emergency. Mosul Dam faces a serious and unprecedented risk of […]
Oil Exports Slip in February
By John Lee. Iraq's Ministry of Oil said on Tuesday that exports from the south fell in February to 3.225 million bpd, down from 3.285 million bpd the previous month. Bad weather was blamed for the drop. Reuters reports that, for a fifth consecutive month, Baghdad exported no oil via its northern pipeline to Ceyhan. […]
Oil Pipeline Explosion between Kirkuk and Erbil
By John Lee. An explosion has been reported on the oil pipeline between Kirkuk and Erbil on Tuesday. According to the report from BasNews, the cause of the explosion and the extent of the damage are not yet unknown. (Source: BasNews) (Explosion image via Shutterstock)
RFI for Mobile Number Portability Database
The Iraqi Communications and Media Commission (CMC), in its capacity as the sole entity responsible for regulating telecommunications, broadcasting and information Services in Iraq, is initiating the process of launching the Mobile Number Portability service (MNP). In line with their respective obligations, Asiacell, Korek and Zain, the three Iraqi mobile telecommunications operators, are initiating the […]
Coalition Strikes Continue Against ISIL Terrorists
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and remotely […]
Carter Highlights Momentum in ISIL Fight
Momentum is on the side of the coalition fighting the Islamic State of Iraq and the Levant, Defense Secretary Ash Carter said today, noting significant gains in Iraq and Syria. The secretary spoke in a joint news conference at the Pentagon with Marine Corps Gen. Joseph F. Dunford Jr., the chairman of the Joint Chiefs […]
Currency Auction Results, 1st Mar
By John Lee. The Central Bank of Iraq (CBI) has reported that 32 banks and 19 remittance companies took part in its currency auction on Tuesday. A total of $118,240,491 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Genel Shares Crash on Taq Taq Reserve Downgrade
By John Lee. Shares in Genel Energy fell by more than 40 percent on Monday after the firm announced a 75 percent reduction in proven and probable (2P) reserves for its Taq Taq field, in which it has a 44 percent working interest. According to a statement from the company: The results of this internal […]
Presentation on Iraq's Oil Service Contracts & Bidding Rounds
Mr. Abdul Mahdy Al-Ameedi, the Director General of Petroleum Contracts and Licensing Directorate (PCLD), delivered a presentation to the Iraqi parliament on 13th December 2015 on the subject of Iraq's oil service contracts and bidding rounds. The presentation (in Arabic) provides an excellent comparison between the Ministry’s Service Contracts and Production Sharing Contracts of the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Feb 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD934 (-2.7%) / $958 (-3.5%) (weekly change) (-14.4% and -16.4% YTD change, respectively). The number of week traded […]
Video: ISIL Kills Scores in Attacks Across Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Roadside bombs near Iraq's capital kill at least 70 while military comes under assault in Abu Ghraib and near Fallujah. Rob Matheson reports:
Turkey Thwarts Bomb Attack on KRG’s Oil Pipeline
By John Lee. The Tukish Ministry of Energy and Natural Resources has said its security forces defused a bomb on Saturday on the oil pipelines between Iraqi Kurdistan and Ceyhan port in Turkey. The ministry claimed that the Kurdistan Workers’ Party (PKK) was behind the attempted attack. (Source: BasNews) (Sabotage image via Shutterstock)