Stock Market ends year Down 22%
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th Dec 2015). Note: ISX will be closed during December 28, 2015 - January 2, 2016 due to the end-of-year closing operations. The next session will be held on Sunday, January 3, 2016. Please click here to download a table of listed companies […]
Southern Exports Remain High
By Simon Kent. Iraq's southern oil exports remained close to their recent record of 3.37 million bpd, which was hit in November, Reuters reports. Possibly lessened by several days of maintenance work at the Single Point Moorings at the Basra terminals, the figures for December were slightly lower, at 3.27 million bpd. This closes a good year […]
Iraq Shaping New Oil Production Plans
By Simon Kent. Iraq is developing a new strategy for its southern oil fields in relation to the ongoing Common Sea Water Supply Facility project, which opened bidding for completion last year. ExxonMobil and PetroChina were approached to invest in the critical strategic water injection project, which has been long delayed. In a statement to Reuters, […]
Abadi Thanks British Role in Ramadi Fight
By Simon Kent. Iraqi PM Haider al Abadi (pictured) has thanked the role that the British Royal Air Force played in supporting Iraqi troops during the battle of Ramadi. Iraq's western city of almost half a million people fell to ISIS, also known as Daesh, in May this year. The defeat for Iraqi forces was a […]
Iraq Architecture and Planning Forum in London
The Annual Forum of the UK's Al-Kindi Society for Engineers takes place in London on Saturday 9th January, and it promises to be an essential event for all in the industry. Chaired by Dr. Subhi Al-Azzawi and Dr. Caecilia Pieri, the Forum will address the topic of Iraq Architecture and Planning, and will include speakers […]
Assessing the War on ISIS
By Mona Alami for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Islamic State’s control over large swaths of land in Iraq and Syria is slowly diminishing, as it is being aggressively pummeled by local and international forces, such as Kurdish and Iraqi […]
Video: Iraq declares Ramadi Liberated from IS
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi soldiers are combing the city of Ramadi for bombs after declaring it liberated from the Islamic State group in a landmark victory against the jihadists.
West Qurna II Produces 20m Tonnes this year
Since its launch in March 2014, cumulative production of Iraq’s West Qurna-2 field, operated by PJSC LUKOIL, has exceeded 30 million tonnes of oil. On December 24, 2015 LUKOIL achieved its annual production target for the West Qurna-2 field in full: 20 million tonnes of oil were produced since the beginning of the year. As […]
Al-Abadi meets Delegation from Hanwha
Prime Minister Dr. Haider Al-Abadi received in his office on Sunday a delegation from the Korean company Hanwha which is implementing the Bismaya residential project. The delegation gave a presentation on progress reached on the ground for the project, where the first three thousand residential units to best standards have been completed in full, with […]
Oryx Resumes Drilling at Demir Dagh
Oryx Petroleum has announced that it has resumed drilling activities at the Demir Dagh field in the Hawler licence area in the Kurdistan Region of Iraq and that it has agreed with the vendor of OP Hawler Kurdistan Limited, the subsidiary of the Corporation that holds interests in the Hawler license area, to restructure the […]
Italy Opens its Consulate in Erbil
Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) - In a ceremony held yesterday, Italy's Consulate opened in Erbil, which was attended by the President of Italian Senate, Mr. Pietro Grasso and his accompanying delegation, Prime Minister Nechirvan Barzani, Deputy Speaker of the Kurdistan Parliament and a number of Kurdistan Regional Government ministers and officials. In his speech, Prime […]
Lebanon to Open Diplomatic Mission in Erbil
Prime Minister Nechirvan Barzani yesterday received the Lebanese Embassy Charge d’Affaires in Iraq, Mr. Walid Al-Ghossaini.Mr. Walid Al-Ghossaini said that his country intends to open a representation office in the Kurdistan Region capital Erbil, in a near future, to raise it later to the level of consulate. Mr. Al-Ghossaini discussed the current situation in the […]