Military Strikes Target 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. Strikes in Syria Attack, bomber and […]
Kurdistan's Great Recession
By Mark DeWeaver. In October I had the good fortune to spend some time in Sulimaniyah, at the American University of Iraq’s Institute for International and Regional Studies, where I worked on a research project with a group of student assistants. Our objective was to document the effects of the KRG budget crisis on the […]
Video: Turkish Troops Withdrawn
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Some Turkish troops stationed near the Iraqi city of Mosul have been withdrawn, officials say, after their deployment caused a diplomatic spat between Baghdad and Ankara. Al Jazeera's Osama Bin Javaid reports from […]
IMF "to Agree Iraq Monitoring Program"
By John Lee. The International Monetary Fund (IMF) is expected to finalize an agreement with Iraq in the coming days for a program to monitor its economy. The fund's Middle East director, Masood Ahmed, told Reuters the program would establish a track record of effective performance from the Iraqi authorities which could lead to a […]
Progress Made in Degrading ISIL Oil Revenues
The coalition fighting the Islamic State of Iraq and the Levant has made significant progress in degrading the terrorists' ability to profit from their oil activities, a senior U.S. official said today. The coalition has targeted infrastructure, and trucks that transport the oil, the official said, speaking to reporters on background at the Pentagon. Oil […]
UK Committed to Long-Term Partnership with KRG
Senior KRG officials on Sunday discussed economic reform plans of the government and bilateral ties with Baroness Emma Nicholson, UK Prime Minister's Trade Envoy for Iraq. The meeting was chaired by Minister Falah Mustafa, and he was joined by Dr. Ali Sindi Minister of Planing, Nawroz Mawlod Minister of Municipality and Tourism, Mawlod Bawa Murad […]
Oil Minister meets Japanese Delegation
By John Lee. Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met recently with a delegation from the Japanese companies Toyo and Mitsui. The meeting was attended by the deputies of the minister and the Directors General. Minister Mahdi confirmed that Iraq is keen to strengthen relations with major global companies, expand cooperation in the […]
Stirling Group Partners with EUIEC
By John Lee. UAE-based Stirling Group, a leading provider of HSE service, has partnered with the EU Iraq Energy Centre (EUIEC) to provide risk management training to the Iraqi oil and gas industry. The company will deliver a series of three day courses dealing with uncertainty and risk in the global energy sector from its […]
Oil Minister meets Deputy Head of Eni
By John Lee. Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] has met the deputy head of the Italian company Eni, Mr. Labo Pasteli, and discussed cooperation in the oil industry. He said that Iraq is keen to strengthen the relations with companies such as Eni. Mr. Pasteli said that his company aims to increase […]
APR Energy Extends Basra Contract
By Simon Kent. APR Energy plc has announced that it has signed for an extension of its power generation contract in Iraq. The company run a gas fired power station that provides electricity for Iraq's southern port city of Basra. According to APR, the power plant has been in operation since 2012 and comprises six […]
Third NOC Official Assassinated
By Simon Kent. An official with the Iraqi North Oil Company has been shot dead in Kirkuk, northern Iraq, Reuters reports. The murder of Hassan Salim is the third assassination of an oil official from the NOC in just four months, in an area which has been disputed by Arabs, Kurds and Turkmen since the fall of the […]
Turkish Forces Move from Bashika
By Simon Kent. Turkish forces at the centre of a row that has ignited passions over Iraqi sovereignty, have moved from their base in the Iraqi Kurdish area of Bashika. However, the soldiers are apparently not being withdrawn from Iraqi territory but are being re-located, according to a statement from the Turkish Ministry of Defence. […]