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)
Iran’s President to Visit Iraq
By John Lee. Tasnim News Agency reports that Iranian President Hassan Rouhani is scheduled to pay visits to Pakistan, Iraq and Austria in the coming weeks. President Rouhani is scheduled to visit Islamabad first, before heading to Baghdad and Vienna. (Source: Tasnim News Agency)
Coalition Strikes Hit ISIL Terrorists in Syria, Iraq
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 on Sunday. 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, 29th Feb
By John Lee. The Central Bank of Iraq (CBI) has reported that 30 banks and 20 remittance companies took part in its currency auction on Monday. A total of $110,701,200 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Archive of Kurdistan Oil Reports Published
The Ministry of Natural Resources announces a collection of five reports covering oil production, export consumption, revenue and expenditure from 2007-2015. Some of the reports have been published individually before, or were given to KRG officials or Parliament, but for completeness they are published together here. The reports are as follows, please click the links […]
Displacement in Iraq Exceeds 3.3 Million
The International Organization for Migration (IOM) Iraq Displacement Tracking Matrix (DTM) published yesterday, identified 3,320,844 internally displaced Iraqis (553,474 families), from 1 January 2014 through 4 February 2016. Considering the available information and the DTM methodology, the UN Humanitarian Country Team maintains the humanitarian response planning figures at 3.3 million internally displaced persons (IDPs). Three […]