ISIL "Controls Baiji Refinery"
By John Lee. Sunni rebels led by the Islamic State of Iraq and the Levant (ISIS, ISIL) have taken control of Baiji [Bayji] refinery, near the town of Tikrit, according to Al Jazeera sources. While foreign minister Hoshyar Zebari told Al Jazeera on Tuesday that Iraqi special forces soldiers were in control, the news agency's sources […]
Kurdistan Region: Business Workshop in London
The Kurdistan Regional Government UK Representation has announced that British Expertise will host a workshop on doing business in Kurdistan on 8th July, in advance of its trade mission to Erbil and Dohuk in September. This special workshop includes case studies from companies that have undertaken or won projects in Kurdistan. Lyn Edwards, Senior Partner […]
Turkey "Not Sure" who's Buying KRG Oil
By John Lee. Turkish Energy Minister Taner Yıldız (pictured) told journalists on Monday that a third shipment of oil from Iraq's Kurdistan Regional Government (KRG) had been transported via Turkey's Ceyhan pipeline and that a fourth was being prepared for shipment. According to a report from Cihan, the transactions for the oil sales are being conducted […]
Video: Kerry backs Iraq Against 'Existential' Threat
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US Secretary of State John Kerry on Monday pledged "intense" support for Iraq against the "existential threat" of a major militant offensive pushing toward Baghdad from the North and West:
Video: ISIS takes Key Border Town
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIS captured a key town on the border between Iraq and Syria. They now control 70 percent of Anbar province:
KRG Takes Measures to meet Fuel Demand
The KRG Oil and Gas Council held a meeting last week to discuss fuel shortages. The meeting culminated with the announcement of four important steps aimed at combating fuel shortage in the Kurdistan Region. The meeting was headed by KRG Prime Minister Nechirvan Barzani and Deputy Prime Minister Qubad Talabani. In the meeting, also attended […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,727 (-1.4%)/ $1,853 (-2.0%) (weekly change) (-8.7% and -8.5% YTD change, respectively). The number of week traded shares […]
John Kerry: Mission Impossible?
By John Cookson. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. US Secretary of State John Kerry's whistle-stop swing through the Middle East and Europe will likely include a meeting this week with Iraq's embattled caretaker prime-minister Nouri al-Maliki. At the Baghdad summit we […]
Lafarge Launches New Cement for Iraq
Lafarge Iraq has launched a new version of Karasta, its multipurpose cement, tailor-made for the Iraqi climate. In order to meet customer expectations and needs the formula of Karasta was revised to improve its workability, decrease cracking and improved setting time as well as better adhesion. Karasta’s new formula meets the Iraq specification 3868 and […]
Iran-Iraq Gas Pipeline Complete by Mar 2015
By John Lee. The pipeline that will carry natural gas from Iran to Iraq will be completed by the end of the current Iranian calendar year (started March 21, 2014), according to a report from Iran's PressTV. The Managing Director of the Iran Gas Engineering and Development Company, Alireza Gharibi, said 7 million cubic meters […]
Iraq Bondholders Eye Default Risk
By John Lee. The escalating conflict in Iraq is making holders of the country's international debt nervous about repayment, according to a report from Reuters. The size of Iraq's dollar debt is relatively small - a $2.7 billion bond launched in 2006 in a restructuring of Saddam Hussein-era commercial debt. It is held by investors […]
Video: Will there be a Third Iraq War?
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Jim Sciutto reports on President Obama's comments about the role of the U.S. in the crisis in Iraq: