The Iraqi Shanty Town Between Two Oil Fields
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Between Black Gold, Bleak Prospects: Visiting The Iraqi Shanty Town Between Two Oil Fields NIQASH visits Wasit's Oil Town. But this is no wealthy area for oil billionaires. This shanty […]
What will happen to Iraq’s Mandaeans?
By Saad Salloum for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Unlike other religious minorities in Iraq, Sabian Mandaeans meet their election quota by selecting members within their community for parliament and provincial councils. The community’s three bodies — the Spiritual Council, General Assembly and […]
US Approves $1.95bn Iraq Weapons Deal
By John Lee. The US State Department has approved a possible Foreign Military Sale of F-16 weapons, munitions, equipment, and logistics support to Iraq. The estimated cost is $1.950 billion. The Government of Iraq requested a possible sale of additional weapons, munitions, equipment, and logistics support for its F-16 aircraft. Major Defense Equipment (MDE) includes: […]
Iraq proposes Deferred Payment to CNPC
By John Lee. The head of the state-run Maysan Oil Company (MOC) has told Reuters that China National Petroleum Corporation (CNPC) can go ahead with plans to double output at Halfaya (pictured) to 400,000 bpd if it agrees to be reimbursed when the additional oil is actually produced. Adnan Noshi denied Iraqi media reports that the […]
KRG rejects Amnesty International Report
By John Lee. The head of the KRG Committee to Respond to International Reports, Dindar Zebari (pictured), has said that the KRG rejects all accusations made about Peshmerga forces by Amnesty International. He told K24: “The Peshmerga have liberated large swaths of territory from Daesh [IS] and have helped civilians regardless of their ethnic and […]
Military 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 Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strike in Syria Fighter aircraft conducted […]
Can Iraq curb Tribal Disputes?
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tribal struggles are weakening Iraq's efforts to battle the Islamic State, which has occupied large parts of the country since June 2014. It seems Iraqis, who often complained that former President Saddam Hussein’s regime involved them in […]
Currency Auction Results, 21st Jan
By John Lee. The Central Bank of Iraq (CBI) has reported that 23 banks and 21 remittance companies took part in its currency auction on Monday. A total of $168,893,166 sold at a price of 1182 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Gazprom Almost Doubles Processing Capacity at Badra
Gazprom Neft has announced that a new process train (process train B) has been brought into operation at the central processing facility at Iraq’s Badra field (pictured). The commissioning of this new infrastructure facility increases capacity at the central processing facility from 45,000 to 85,000 barrels per day. Process train B is intended for the […]
KRG Ministers Speak at IBBC Business Forum
KRG Ministers and officials participated on Wednesday at the Iraq Britain Business Council (IBBC) London Business Forum on United Kingdom - Kurdistan Region of Iraq: Business Opportunities and Knowledge Transfer. The forum was organised by IBBC in collaboration with the Kurdistan Federation of Chambers of Commerce, and sponsored by Genel Energy and UB Group. The […]
KRG Discusses Financial Crisis with Governors
Kurdistan Regional Government Prime Minister, Nechirvan Barzani and Deputy Prime Minister, Qubad Talabani, have held a meeting with the governors of Erbil, Sulaymani and Duhok to discuss ways to address the current financial crisis in the Kurdistan Region. In the meeting, which was also attended by the KRG Minister of Interior and a number of […]
Clearing Ramadi Progresses Despite Obstacles
As Iraqi military forces clear the key city of Ramadi after retaking it from Islamic State of Iraq and the Levant control, thousands of terrorist explosives left behind have complicated the process, a spokesman for Combined Joint Task Force Operation Inherent Resolve told Pentagon reporters today. Delivering an operational update by live satellite feed from […]