Petroceltic Update and Guidance
By John Lee. Petroceltic International has provided an operational update today together with guidance for its 2014 production outlook and exploration and development work programmes. Highlights 2013 production in-line with guidance at 25.2 Mboepd; 2014 forecast production range of 20.0 to 22.0 Mboepd Shakrok well in Kurdistan Region of Iraq drilling ahead at 1818 m […]
Aegis to Support Basra Security
By John Lee. London-based Aegis Defence Services has been selected by the Governor of Basra to provide him and his Security Committee with support in the procurement of enhancements to their security. A formal contract was signed recently in Basra between the Governor and Aegis Chief Executive Graham Binns (pictured), who as a Major General […]
IBN at the Heart of Women’s Economic Empowerment
By Madeleine White, capacity building and communications specialist. Nina: The Heart of Enterprise, the Spirit of Iraq - the IBN at the Heart of a Ground-Breaking Women’s Economic Empowerment Project It is fitting that the first official announcement about Nina is made in the pages of the Iraq Business News. Designed to encourage capacity building and […]
13 Russian Choppers Arrive in Iraq
By John Lee. The Voice of Russia reports that 13 Russian Mi-28NE “Night Hunter” helicopters have arrived in Iraq. The Alsumaria television channel said the helicopters would be used in the counter-terrorism operations in Anbar Province. The shipment is part of a total deal for around 40 Mi-35 and Mi-28NE attack helicopters to be supplied […]
$6b Refinery Deal to be Investigated
By John Lee. An Iraqi parliamentary committee has asked the Commission of Integrity to investigate the contract awarded to Satarem to build a $6-billion refinery in Maysan. Iraq Business News' Expert Blogger Ahmed Mousa Jiyad recently questioned the legitimacy of the contract signed with the Swiss company, prompting the Ministry of Oil to issue a statement […]
2014 MEPI Student Leaders Program
The U.S. Embassy in Baghdad is pleased to announce the open application period for the 2014 Middle East Partnership Initiative (MEPI) Student Leaders Program. In support of the U.S.-Iraq Strategic Framework Agreement, this program provides opportunities for Iraqi undergraduate students to travel to the United States for 6 weeks in the summer of 2014 to […]
Video: Iraq and the ISIL Explained
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. At the end of 2012, Sunni tribes in Iraq's Anbar province began a series of protests that lasted throughout 2013. The initial demand was for the release of Sunni detainees; the detention of […]
STX Wins $449m Pipeline Order
By John Lee. Korea's STX Heavy Industries has won a $449 million order to build a 550-kilometer gas pipeline in northwestern Iraq. The pipeline, scheduled for completion in June 2017, will take gas from the Akkas gas field in Anbar, which is operated by Korea's KOGAS. (Source: STX)
Iraq EITI Report - Initial Assessment
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. For the third year in a row the National Secretariat of the Iraqi Extractive Industry Transparency Initiative (IEITI) has succeeded in releasing its annual report on time. This year Report exhibits significant […]
Resolution of Anbar Crisis Requires Coordination
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. Resolution of Anbar crisis requires security, political coordination When the Iraqi army marched on the Anbar desert on Dec. 22 to wage war against al-Qaeda fighters along the Iraqi-Syrian border, the operation […]
New Report from Extractive Ind. Transparency Initiative
By John Lee. The Iraqi-Extractive Industries Transparency Initiative (IEITI) report for year 2011 has been published by an independent and international reconciler firm Ernst & Young. The report considers for the first time the quantities of crude oil used for local consumption and the paid revenues by the Extractive Oil Companies (National & International). It […]
Video: Govt Loses Control of Fallujah
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Iraqi prime minister, Nouri al-Maliki has vowed to eliminate "all terrorist groups" from Anbar province as a security source conceded the government had lost control of the town of Fallujah to al-Qaeda […]