Airstrikes 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 Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber, fighter, and […]
WesternZagros Updates on Kurdistan Ops
WesternZagros Resources has announced its production of light oil in the Kurdistan Region of Iraq averaged approximately 5,000 barrels per day in the third quarter. As previously disclosed, operatorship of the Garmian Block was to transition from WesternZagros to Gazprom Neft Middle East B.V at the end of the exploration period for the block pursuant […]
IBBC hosts ‘Basrah: Open for Business’ Conference
IBBC hosts ‘Basrah: Open for Business’ Conference in partnership with IENA The Iraq Britain Business Council (IBBC), in partnership with the Iraq Energy Academy (IENA), held a successful conference ‘Basrah: Open for Business’ at the Shams Al Basrah Hotel on the 5th October 2015. Baroness Nicholson of Winterbourne, Executive Chairman of IBBC and UK Trade […]
UK steps up Support for Victims of ISIL
The UK will provide new life-saving support to tens of thousands of Iraqis forced to flee their homes by the brutal rise of ISIL, International Development Minister Desmond Swayne (pictured) has announced. Speaking during a visit to Iraq, Mr Swayne set out how £20 million in new funding from the UK would provide medical care, […]
Iraq to Sign Water Treatment Deal with Iran
By John Lee. Iraq's Ministry of Construction and Housing and Public Municipalities is reported to be about to sign a contract worth 10 billion dinars ($8.6 million) with an Iranian company to buy chlorine and alum for water purification. Tariq al-Kikhany (pictured) said that in view of the cholera epidemic that has hit a number […]
Currency Auction Results, 6th Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks and 12 remittance companies took part in its currency auction on Tuesday. A total of $183,935,819 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
KRG Tops 600k bpd Exports in Sept
The Kurdistan Regional Government (KRG) exported 18,614,798 barrels of crude oil (an average of 620,478 barrels per day (bpd)) in the month of September through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed 13,898,548 barrels (463,285 bpd on average), while fields operated by […]
An Evil Plot? Basra Boycotts New Customs Tax
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. An Evil Plot? Iraq's Most Industry-Savvy Province Refuses to Impose Baghdad's New Customs Tax A new customs tax came into effect in August. But in Basra, one of Iraq's busiest […]
Baghdad Firm Wins Work at US Consulate in Basra
By John Lee. The Al Jayial Company, based in Baghdad, has been awarded a contract worth $271,200 (316 million Iraqi dinars) by the US State Department to carry out work at the US Consulate in Basra. The contract is described as a firm fixed-price purchase order for local fabrication and delivery of 16 latrine and […]
Coalition Airstrikes Continue Against ISIL Targets 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 (Monday). Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber and remotely […]
More than 700 Iraqis Killed in Sept
According to casualty figures released today by UNAMI, a total of 717 Iraqis were killed and another 1,216 were injured in acts of terrorism, violence and armed conflict in September 2015*. The number of civilians killed was 537 (including 42 civilian police and casualty figures in Anbar), and the number of civilians injured was 925 […]
Currency Auction Results, 5th Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 25 banks and 8 remittance companies took part in its currency auction on Monday. A total of $235,790,719 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)