CNPC: New Maysan Pipeline Complete
By John Lee. China's CNPC has announced the completion of a 272 kilometre crude oil pipeline which connects Halfaya and Burzugan [Bazargan] oilfields in southern Iraq to the Al-Faw port. Incredibly, CNPC have remarked that the pipeline is passing through 30km of areas that were once minefields during the Iran-Iraq war. Today, southern Iraq is […]
France to arm Kurdish Forces
By John Lee. The New York Times has reported that French President Francois Hollande has endorsed the appointment of Haider al-Abadi as Iraq's new PM, and with Baghdad's approval France is now ready to send arms to Kurdish forces. The move comes after the Kurdish President Massoud Barzani remarked that the Peshmerga were not sufficiently […]
ISIL Oil Riches?
By Patrick Schmidt. In addition to current energy holdings in Syria, the Islamic State of the Iraq and the Levant (ISIL) holds seven different oil fields in Iraq. This past month the militants seized Ain Zalah and Batma oil fields. They had previously gained control of Najma, Qayara, Himreen, Ajeel and Balad oil fields. The […]
TWI and Safar Help Refugees
TWI (Theodor Wille Intertrade) and Safar personnel recently delivered critical food supplies to support the increasing number of refugees fleeing the violence in Iraq. Due to the deteriorating security situation in the region, over 50,000 refugees have been forced to flee areas of Northern Iraq in search of safety. The company said its local team […]
Kurds Call to Recognize Yazidi Genocide
By Patrick Schmidt. The Independent Human Rights Committee of the Kurdistan Regional Government (KRG) have made public their attempts to get the international community to recognize the crimes committed against Yazidi minorities. The spokesman of Independent Human Rights Committee, Mohammed Gomashini, noted: “Our committee started to attempt recognition of IS crimes against Kurdish Yazidi people […]
US Deploys More Advisors to Iraq
By Patrick Schmidt. Defence secretary Chuck Hagel has announced that additional military advisors are being deployed to Iraq. On Tuesday, an additional 130 American military advisers arrived in the country. The staff are tasked with accessing the ongoing humanitarian crisis taking place in the north of the country. This announcement comes almost a week after […]
CBI Currency Auction Results, 13th Aug
By John Lee. The Central Bank of Iraq (CBI) has reported that 19 banks took part in its currency auction on Wednesday. A total of $290,959,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
UN Officials urge Respect for Constitution
Amidst ongoing insecurity in northern Iraq, Secretary-General Ban Ki-moon and his representative in the country expressed support today for President Fouad Masoum’s office, as politicians are working towards creating a new Government, and warned that heightened political tensions could lead Iraq into even deeper crisis. Mr. Ban “commends Iraqi President Fuad Massoum for having charged […]
Mass Polio Vaccination Campaign
Mass Polio Vaccination Campaign Supported by WHO and UNICEF Kicks Off in Iraq Iraq has launched a polio immunization campaign aiming to protect over four million children under the age of 5 throughout the country against the crippling disease. The four-day campaign, undertaken by the Ministry of Health with the support of WHO and UNICEF, […]
Obama: A Opportunity Squandered
In an interview with Thomas L. Friedman of the New York Times, US President Barack Obama has said that a residual U.S. troop presence in Iraq would never have been needed had the Shiite majority not “squandered an opportunity” to share power with Sunnis and Kurds. “Had the Shia majority seized the opportunity to reach […]
Analyst: Political Moves in Iraq
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The nomination of a new Iraqi prime minister could giveIraqis "a nationalistic surge," says CNN military analyst.
Video: Obama's Balancing Act over Iraq Crisis
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US President Barack Obama is warning that the fight against the Islamic State group may take time. Speaking before US fighter jets carried out a new round of air strikes, Obama blamed Iraqi […]