Parliamentary Finance Cmte: The Need for More Accuracy, Transparency
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Finance Committee of the Iraqi Parliament: The Need for More Accuracy and Better Transparency The Finance Committee of the Iraqi Parliament sent formal communication/ letter (number 738 dated 8 October 2015) […]
Block 9 Reaches Production in Record Time
Kuwait Energy has announced that the consortium comprising of Kuwait Energy (60%) as the operator, Dragon Oil (30%) and the Egyptian General Petroleum Corporation (10%) has commenced oil production from Faihaa-1 well in Block 9, Iraq. The Faihaa-1 well is located in Block 9 field, which is situated in the hub of Iraq’s oil industry […]
IBBC Autumn Conference: Iraq in the Global Marketplace
9th-10th November 2015, Church House and Eversheds HQ, London The Iraq Britain Business Council (IBBC) is delighted to invite you to the IBBC Autumn Conference to be held on the 9th November at Church House and on the 10th November in the Eversheds Headquarters in London. Day 1 in Church House, Westminster, will focus on […]
IWPR Director found Dead
By John Lee. The newly-appointed Iraq Director for the Institute for War and Peace Reporting (IWPR) has been found dead in suspicious circumstances at an Istanbul airport. Local media reported that British woman Jacky Sutton, aged 50, had missed a connecting flight to Erbil, didn't have enough money to purchase a replacement ticket, and was found […]
Airstrikes 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 Monday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrike in Syria Fighter aircraft conducted […]
Currency Auction Results, 20th Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 27 banks and 15 remittance companies took part in its currency auction on Tuesday. A total of $216,435,000 sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Veolia Wins Contract at Karbala Refinery
Veolia Water Technologies has been selected by HDGSK Joint Venture to supply a Zero Liquid Discharge Evaporator and Crystallizer for the Karbala Refinery Project in Iraq. Veolia will engineer, procure and deliver a Zero Liquid Discharge system based on its proven HPD® Brine Evaporator and Brine Crystallizer technologies for calcium sulfate seeded slurry processes. Iraq's […]
Religious Construction 'More Efficient' than Govt Projects
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. Less Corruption, Less Money: In Iraq, Religious Construction Faster, More Efficient Than Government Projects Tourists coming to visit Karbala and Najaf can stop at one of the “visitor cities” built […]
Airstrikes Haven’t Interrupted IS Oil Trade
By John Lee. Coalition airstrikes have failed to interrupt the oil industry in areas controlled by the Islamic State group (IS, ISIS, ISIL), reports the Financial Times. IS is running what the article describes as “a sprawling operation almost akin to a state oil company that has grown in size and expertise despite international attempts […]
Neglect eats away Historical City of Uruk
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. The current situation of archaeological sites in Iraq is saddening. These sites are neglected, abandoned, lack organized protection, and are covered by sand and exposed to tampering by modernists and thieves. Al-Monitor visited the […]
South Africa Eyes Crude Oil from Iraq
By John Lee. South Africa's Strategic Fuel Fund (SFF) wants to import 24 million barrels of oil a year from Iraq to boost its reserves, according to a report from Reuters. The country has not imported crude oil from Iraq since 2003, when Saddam Hussein was toppled. In August, South Africa's largest black-owned petrochemical company, […]
Iraq claims to have Re-taken Baiji Refinery
By John Lee. Iraqi security forces claimed on Thursday to have taken control of most of Baiji oil refinery from the Islamic State group (IS, ISIS, ISIL). But the complex is reported to have been almost completely destroyed in the long battle for control of the site and nearly town. According to Reuters, conservative estimates […]