Iranian-Built Power Plant Opens
By John Lee. Iraq has inaugurated a 162-MW power station designed and built by Iran's MAPNA Group in the Heidarieh [Haidariya] district, some 25 km north of Najaf. Iran's PressTV reports that the opening ceremony on Thursday was attended by the Iranian and Iraqi energy ministers. According to the report, Iran's Energy Minister, Hamid Chitchian, […]
Cargo Village Opened at Suleimani Airport
KRG Deputy Prime Minister Qubad Talabani inaugurated the Cargo Village at Suleimani International Airport with the laying of a foundation stone for a new terminal. The ceremony was attended by several Kurdistan Regional Government Ministers, the Governor of Suleimani, other government officials and business people. Deputy Prime Minister Talabani highlighted aviation as an essential backbone […]
Minister Boosts Relations with Saudi Arabia
By John Lee. Foreign Minister, Dr. Ibrahim Al Jaafari, stressed that the strategic priorities of the Iraqi diplomacy is to restore Iraqi-Arab relations to normal, calling for intensifying efforts and cooperation to eradicate terrorism, which today constitutes a threat to all countries in the region. These statements came during the official visit carried out by […]
Sistani Welcomes Iraqi Politicians
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. A turning point was reached the moment Grand Ayatollah Ali al-Sistani, the supreme religious authority in Iraq, opened the doors of his office in Najaf to Prime Minister Haider al-Abadi on Oct. […]
Iraq's Shiite Militias in Anbar
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. Iraq's Shiite Militias To The Rescue: Force for Sectarian Unity Or Thorn In Anbar's Side? Shiite militias are making inroads into the mainly Sunni province of Anbar. Previously Anbar's Sunni […]
Breakthrough in Kurdistan Oil Talks
By John Lee. In a joint meeting held on Thursday between the Kurdistan Region Prime Minister, Nechirvan Barzani, Deputy Prime Minister, Qubad Talabani, and Iraqi Oil Minister Dr. Adel Abdul Mahdi in Erbil, both sides agreed to reach a comprehensive settlement of all the outstanding issues between the Iraqi federal government and the Kurdistan Regional […]
Iraq Reviews Oil Prices
By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for December. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index […]
DNO Third Quarter Results
By John Lee. DNO, the Norwegian oil and gas operator, has reported third quarter 2014 gross production of 124,396 barrels of oil equivalent per day (boepd) on the strength of uninterrupted operations at its flagship Tawke field in the Kurdistan region of Iraq. Increasing volumes of Tawke oil were directed from local sales to exports […]
Hungary opens Consulate in Erbil
A high level Hungarian delegation headed by Mr István Mikola, State Secretary of the Ministry of Foreign Affairs and Trade, arrived in Erbil yesterday to officially open the Consulate General of Hungary and to discuss bilateral ties with the Kurdish leadership. During the two-day visit, the Hungarian delegation held meetings with President Masoud Barzani,Prime Minister […]
Charity Concert for People of Sinjar
CHARITY CONCERT An evening of Kurdish music An evening for the people of Sinjar An evening to help keep a child warm this winter The KRG UK Representation is pleased to support a fund-raising concert at St Marylebone Church in London at 7pm on Saturday November 29 to buy blankets for the children of Sinjar who are sheltering in […]
Iraq Britain Business Council: Accentuating the Positive
By Robert Tollast. Luay al-Khairullah has reason to be optimistic. As Chairman of the Dhi Qar Provincial Investment Commission, I spoke to him last year about the planned Nasiriyah Integrated Project (NIP) a 300,000 barrel a day capacity refinery not far from his home town. It's a project that will create much needed jobs and provide […]
Genel Energy Strikes New Deals in KRI
Genel Energy has announced that it has reached an agreement with the Ministry of Natural Resources ("MNR") of the Kurdistan Regional Government ("KRG") for the development of the Miran and Bina Bawi gas fields. In addition, Genel has agreed key terms with OMV to acquire its 36% operated stake in the Bina Bawi gas field. […]