Lockheed Awarded $8m C-130 Contract
By John Lee. Lockheed Martin Integrated Systems has been awarded a $7,957,813 cost-reimbursement contract for Iraq C-130E/J aircraft sustainment. The company will provide in-country sustainment for the Iraq C-130E/J aircraft. The work will be performed at Baghdad, Iraq, and is expected to be complete by June 30, 2017. (Source: US Dept of Defense)
New Units Step Toward Reforming Peshmerga
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Dildar Namiq, 24, is eagerly running up and down a flight of stairs in a two-story office, trying to complete paperwork to join Iraqi Kurdistan's armed forces, known as the […]
Kidneys For Sale in Refugee Camps
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. Kidneys For Sale in Kurdish Camps: Increase In Iraq's Displaced Leads to Increase in Human Trafficking Authorities in Iraqi Kurdistan suspect that displaced people are selling their kidneys to feed […]
Video: Iraq Christians train to Recapture Homes
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. With wooden crosses around their necks and others tattooed on their arms, several dozen Iraqi Christians are training to recapture their homes overrun by the Islamic State jihadist group.
World Bank to Lend Iraq $1.7bn
By John Lee. The World Bank had reportedly agreed to lend Iraq $1.7 billion (2.0 trillion Iraqi dinars) to help meet its budget deficit. $1 billion of the amount will be a Development Policy Loan (DPL), with a further $350 million allocated to reconstruction and restoring stability to areas liberated from the Islamic State (IS, […]
KRG Slashes Oil Transfers to SOMO
By John Lee. The Kurdistan Region of Iraq has slashed its transfers of oil to the State Oil Marketing Organization (SOMO). According to the monthly report issued by the KRG's Ministry of Natural Resources, the region supplied SOMO in Ceyhan with 149,778 barrels per day (bpd) in June, a drop of almost two thirds from […]
Hatra Added to List of World Heritage in Danger
The World Heritage site of Hatra has been inscribed on the List of World Heritage in Danger due to damage inflicted to the property by armed groups. During debates today, many World Heritage Committee members voiced concern about the state of Iraqi heritage following acts of intentional destruction. They also declared their willingness to help […]
Iraq's Defunct Military Industry
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Military Industry Commission (MIC) has a tragic story. Iraq developed its local military industry during the Iran-Iraq War, but in 1991, the international coalition — which was established in 1990 […]
Arson Being Used to De-Stabilize Farms?
By Mohammed al-Zaidi. 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. The Mysterious Fires of Wasit: Arson Being Used to De-Stabilize Iraqi Farms? A recent rash of farmland fires in Wasit province has seen accusations go flying. Is […]
GKP Directors Step Down, Shares Fall Further
By John Lee. Gulf Keystone Petroleum (GKP) has announced that three of the company's Non-Executive Directors are to quit their positions. V Uthaya Kumar has resigned from the Board on 2 July 2015, while Dr. Joseph Stanislaw and Maria Darby-Walker have decided to not seek re-appointment and will retire from the Board on the day […]
More Iraq Business for SOS Int'l
By John Lee. SOS International (SOSi) of, Reston, Virginia, has been awarded a $100-million firm-fixed-price incrementally funded contract with options for base life support, Camp Taji, Iraq. Work will be performed in Iraq with an estimated completion date of June 30, 2018. One bid was solicited with one received. The company has previously been involved […]
Oil Export Data from KRG, June 2015
The Kurdistan Regional Government has published its Monthly Export Report for June 2015. The Kurdistan Regional Government (KRG) exported 17,130,639 barrels of crude oil (an average of 571,021 barrels per day (bpd)) in the month of June through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by […]