Gulf Keystone CEO and Directors Resign
By John Lee. Gulf Keystone Petroleum announced this morning that Non-Executive Director and Deputy Chairman Jeremy Asher and Non-Executive Director John Bell "have ceased to be Directors in accordance with the Company's bye-laws". The Company will restart its previously announced search process, with the assistance of Odgers Berndtson, for two new independent non-executive directors, and […]
KRG President Barzani welcomes John Kerry
President Masoud Barzani welcomed United States Secretary of State John Kerry in Erbil on Wednesday. During the meeting the President and Secretary Kerry discussed the latest political and security developments in Iraq following the latest Islamic State of Iraq and al-Sham (ISIS) advances in Mosul and other areas in Iraq. Secretary John Kerry focused on […]
Mosul Exodus: Three Faith Groups, One Story
By Laith Hammoudi. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News “We used to care about one another. My neighbours […]
'Sunni' Rebellion shows Splits between ISIS, Others
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Reports about the June 21 clashes between the Islamic State of Iraq and al-Sham (ISIS) and fighters from the Naqshbandi Order organization, led by former Iraqi Vice President Izzat al-Duri, have surprised no one. In […]
Video: Kerry Presses for Unity
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. On an unannounced trip to Erbil in Iraq's autonomous Kurdish region, US Secretary of State John Kerry pushes for Iraqi unity against a militant onslaught which the UN says has left over 1,000 dead:
Video: Did Kerry's Visit Help?
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's John Vause speaks to former US State Department adviser David Tafuri about the situation in Iraq:
Erbil Citadel joins UNESCO World Heritage List
UNESCO representative and Iraq Office Director Axel Plathe congratulated Iraq, and in particular the Kurdistan Region for the inscription of the Erbil Citadel on UNESCO’s World Heritage List, hoping that this step opens new opportunities for the local community, and brings the well-deserved international attention to this historical site. “On behalf of UNESCO I would […]
OSI Systems Wins $102m Iraq Contract
By John Lee. OSI Systems Inc. has announced that its Security division, Rapiscan Systems, has received a Foreign Military Sales (FMS) contract from the U.S. Department of Defense valued at approximately $102 million to supply multiple units of its cargo and vehicle inspection systems and related training, spare parts, service and logistics support for Iraq. […]
Zaha Hadid "Topples Winner" to Design Parliament
By John Lee. Zaha Hadid has won the RIBA-run international competition to design a new parliament complex in Iraq, despite coming third in the original contest, reports Building Design. According to the report, the deal has been shrouded in secrecy with leading Iraqi architectural critic Ihsan Fethi complaining that he has yet to see what […]
Iraq 3rd Last in Good Country Index
By John Lee. Iraq has been ranked in 123rd position out of 125 countries in the newly-devised Good Country Index, placing it just ahead of Vietnam and Libya. The idea of the Good Country Index is to measure what each country contributes to the common good of humanity, and what it takes away. Using a […]
Oryx Petroleum First Sales from Demir Dagh
By John Lee. Oryx Petroleum Corporation Limited has announced that it has sold its first offtakes of crude oil into the domestic market from the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum is the operator and has a 65 percent participating and working interest in the […]
Iraqi Unrest "No Significant Impact " on Petrofac
By John Lee. Oil services company Petrofac has shrugged off worries that its performance will be hit by the unrest in Iraq. In a trading statement on Tuesday, the company said: "Our operations in Iraq are south and east of Baghdad and represent less than 5% of the Group's expected revenues for 2014. "While we […]