LUKOIL Qualifies for Iraq Payment
LUKOIL Overseas (the Operator of LUKOIL's overseas upstream projects) has informed Iraq’s Ministry of Oil that it has fulfilled its contractual obligations for first commercial production at West Qurna-2. LUKOIL, the Operator of the West Qurna-2 project, successfully maintained an average daily production of at least 120 thousand barrels for 90 days, entitling it to […]
Video Profile: Islamic State in Iraq and the Levant (ISIL)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Islamic State of Iraq and the Levant, (ISIL), is a jihadist group active in Iraq and Syria seeking to establish a Islamic caliphate. With thousands of Arab and foreign fighters under its […]
Oryx Petroleum Hits Oil at Banan-2
By John Lee. Oryx Petroleum has announced that the Banan-2 appraisal well (“BAN-2”) has been spudded in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area. Henry Legarre (pictured), Oryx Petroleum’s Chief Operating Officer, stated: “We […]
Maliki calls Emergency as Mosul Seized
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fighters from the Islamic State of Iraq and the Levant (ISIL, ISIS) have seized the northern part of Nineveh province, which includes Iraq's second largest city Mosul. Iraq's prime minister is asking parliament […]
Nina Launches in Iraq
Nina Launches in Iraq – Voices of Promise and Hope Join Together in Suleimania Nearly 200 business leaders, politicians, civic society leaders and even Miss Kurdistan for Peace attended the Iraqi launch of Nina, held at Suleimania’s Grand Millennium Hotel, thanks to the generosity of sponsors Asiacell. A live TV broadcast saw Nina Champion and […]
Kurdistan’s Economy Discussed at MEED Event
Tuesday marked the conclusion of Kurdistan Projects, a three-day event organized by MEED which successfully attracted a large number of international companies pursuing investment and business opportunities. Attendees heard from senior KRG officials, government experts, and leading private sector representatives on a wide range of topics. This is the third year MEED has hosted a […]
Weekly Security Update, 03 - 09 June 2014
By Anne-Laure Barbosa at Constellis Consulting www.constellis-consulting.com Violent incidents sharply increased in their intensity over the reporting period with 453 fatalities recorded nationwide, doubling previous weekly figures. This significant uptick was prompted by a multi-front ISIS assault across the north, with militants attempting to seize cities in Salahuddin province, and succeeding in controlling parts of Mosul, Iraq’s […]
The Fall of Mosul: Is it Time Washington Woke Up?
By John Cookson. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Today's audacious jihadist attack on Mosul by Al Qaeda affiliate ISIS must surely be a massive wake up call in Washington that Iraq needs urgent help. Hundreds of jihadists seized key government offices, […]
Oil Exports Continue to Rebound
By John Lee. Iraqi oil exports rose for a second consecutive month in May, according to a report from AFP. Exports of crude oil averaged 2.58 million bpd last month, up from April's 2.50 million bpd, raising $8.68 billion in revenues. All of the shipments were made from southern export terminals, following persistent attacks on […]
Iraqi Entrepreneurs Strike it Rich
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. Iraqi Entrepreneurs Strike it Rich Reselling Goods on Facebook After the rise in Iraq's per capita income, Iraqi families are now looking for products other than those available in the local market, […]
Majnoon Firefighters Train in Malta
By John Lee. A team of twelve firefighters from Shell's Majnoon oilfield arrived at the International Safety Training College (ISTC) in Malta this week for an intensive training programme. The group was accompanied by Mr. Bernard Carter, a senior manager at Shel Iraq, who will be observing the training and filming the practical exercises, which utilise […]
Safar Announces Partnership with UTS
By John Lee. Safar Oilfield Services has announced its partnership with United Technical Services (UTS) to provide unique chemical solutions to the vast hydrogen sulfide gas (H2S) challenges faced in Iraq. As the Kurdistan region of Iraq continues to combat the challenging issue of H2S, Safar now offers and supplies H2S Scavengers and provides customers […]