KRG Pres Barzani and Saudi King Salman Meet in Riyadh
KRG President Masoud Barzani as part of his visit to the Persian Gulf region has met with His Majesty King Salman bin Abdulaziz al-Saud, the king of Saudi Arabia. King Salman and President Barzani discussed the current issues facing the region in particular and te entirety of the world in general in the hands of […]
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 today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted two […]
Currency Auction Results, 2nd Dec
By John Lee. The Central Bank of Iraq (CBI) has reported that 24 banks and 16 remittance companies took part in its currency auction on Wednesday. A total of $170,760,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Oil Exports hit Record in November
By John Lee. Iraq's oil exports rose to a record average of 3.37 million barrels per day in November, up from 2.7 million bpd the previous month, reports Reuters. Officials at the South Oil Company (SOC) said the jump in exports was facilitated by the large quantities of crude held in storage due to bad […]
Dana Gas Reaches Settlement With RWE
By John Lee. UAE-based Dana Gas has announced that it has reached an “amicable and mutually beneficial settlement agreement” with RWE’s trading unit RWE Suppy & Trading GmbH (RWEST) to resolve a dispute over its operations in Iraqi Kurdistan. The detailed terms of the settlement agreement are to be treated in accordance with the confidentiality […]
Lukoil Updates on West Qurna 2
In its Third Quarter results published today, Lukoil has given the following update on its operations at the West Qurna-2 oilfield: On December 12, 2009, a consortium of a Group company and Statoil won the tender for development of the West Qurna-2 field in Iraq, one of the largest crude oil fields discovered in the […]
Iran "Drying Out the Kurdistan Region"
By John Lee. The head of the Parliamentary Committee for Municipality and Tourism has said that there is a grave threat to water resources in parts of Iraqi Kurdistan due to an Iranian policy that will dry up the Region’s water resources originating in Iran. After visiting the Sirwan River in Halabjah province, Omer Haji […]
FM Meets Head of Iraq-Japan Friendship Assoc
Foreign affairs minister Dr Ibrahim Al-Jaafari met the head of Iraq-Japan Friendship Association Ms Yuriko Koike last week in the Japanese capital Tokyo. During the meeting, they reviewed the bilateral relations and regional and international issues that concern both sides, as well as, discussing the work of the Association and its activities, in favour of […]
Coalition Airstrikes Hit ISIL 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 today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber and remotely piloted […]
Nearly 900 Iraqis Killed in November
According to casualty figures released today by UNAMI, a total of 888 Iraqis were killed and another 1,237 were injured in acts of terrorism, violence and armed conflict in November 2015*. The number of civilians killed was 489 (including 28 federal police, Sahwa civil defence, Personal Security Details, facilities protection police and fire department), and […]
Currency Auction Results, 1st Dec
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 18 remittance companies took part in its currency auction on Tuesday. A total of $188,066,465 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Dana Gas Shares Rise on $2bn Iraq Judgement
By John Lee. Dana Gas has announced that the London Court of International Arbitration (LCIA) has ordered the Kurdistan Regional Government (KRG) to pay $1.98 billion to a consortium that it leads. In a statement to the Abu Dhabi stock exchange, the Sharjah-based company claims that the judgement is final, binding and internationally enforceable, and […]