Gulf Keystone Losses Widen
Gulf Keystone Petroleum (GKP) this morning announced its results for the year ended 31 December 2014. HIGHLIGHTS Operational 2014 gross production of 6,484,391 barrels of oil (2013: 496,921 barrels of oil) with significant growth expected in 2015 Gulf Keystone's operations in the Kurdistan Region remained secure with production operations and crude oil export deliveries from […]
Lockheed Awarded $8m Defense Deal
By John Lee. Lockheed Martin Mission Systems and Training has been awarded a $7,970,818 (9.3 billion Iraqi dinar) firm-fixed-price contract for sustainment support for the Iraq air defense system. It will provide spares, a logistics management system, remote access capabilities, and facility upgrades. Work will be performed in the U.S. as well as Imam Ali […]
Karbala to Build Industrial City
By John Lee. Karbala [Kerbala] governorate is reportedly planning to build an industrial city to attract local and foreign capital into the manufacturing sector. The province's deputy governor, Jassim Al-Fatlawi, has said that an agreement has been signed with the Ministry of Industry to create the infrastructure. Karbala’s government is to allocate the land for […]
Army sets Sights on Fallujah, Mosul
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On the evening of April 2, Iraqi Prime Minister Haider al-Abadi announced the liberation of Tikrit from the Islamic State (IS) and the raising of the Iraqi flag over the local […]
Iraq: One-Year Polio Free
On 7th April, Iraq has gone one year since wild poliovirus paralyzed a 34 month old girl on the outskirts of Baghdad. The young girl, as well as a 7-month old boy who was the first polio case in Iraq, were both systematically missed by both routine immunization and outreach campaigns and contracted wild poliovirus […]
Iraqi Cinema finds New Direction
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. Traveling in an old car, young Iraqi filmmakers had taken off at noon Feb. 18 from the headquarters of the Iraqi Independent Film Center on Al-Rasheed Street, heading toward the National Theater. […]
Interview with Iraqi MP: 'This is Iraq's Last Chance'
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. NIQASH met with Maysoon al-Damluji, head of Iraq's Parliamentary Committee on Media and Culture, to discuss biased journalists, stolen antiquities and what problems can be expected after the extremists have […]
What Iraqis Believe About the USA
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. Lies, Lies And Crazy Rumours: What Iraqis Believe About the USA Iraq’s security crisis has caused local media to take sides more than ever. Amid the misinformation are conspiracy theories […]
Hanwha Wins $2bn Iraq Order
By John Lee. South Korea's Hanwha Group has reportedly won a $2.12-billion (2.5-trillion-Iraqi-dinar) order to build the social infrastructure for Bismayah New City. According to Yonhap News Agency, the agreement was signed with Iraq's National Investment Commission (NIC) on Monday. The Group is currently building 100,000 homes at the project, which are due for completion […]
Bashneft Completes Surveys at Block 12
Russia's Bashneft has completed field seismic surveys at Block 12 as part of the geological exploration programme approved by the Iraqi Ministry of Oil. The Oil Exploration Company, an Iraqi company specializing in geological and geophysical exploration, which won the open tender in the spring of 2014, has been employed as a contractor to conduct […]
Iraq Blocks Jordanian Trucks
Iraqi border authorities have blocked the entry of 75 Jordanian trucks, loaded with vegetables and fruit, citing the start of the harvest season in Iraq, Saadi Abu Hammad, president of Jordan Exporters and Producers Association for Fruits and Vegetables, said on Saturday. Hammad told Petra that all the produce was damaged since the trucks had […]
Iraq in Discussions with IMF
By John Lee. Iraqi Finance Minister Hoshiyar Zebari has confirmed that Iraq is discussing its financial situation with the International Monetary Fund (IMF). Speaking on the sidelines of a conference in Kuwait on Tuesday, Zebari did not elaborate on what aid might be provided, but according to the report from Reuters he has previously said […]