IBN Bloggers Excel!
By Padraig O'Hannelly. Today we are proud to bring you the 200th edition of our Iraq Business News newsletter, and to mark the event we open this week's newsletter with three excellent articles from our panel of Expert Bloggers: Robert Tollast interviews a Basra-based Engineering Director about the positive developments taking place in the province; […]
GKP Shares Up Following Update
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were up 4 percent this morning after the company provided an operational and corporate update: Significant progress has been made since the Field Development Plan ("FDP") for the Shaikan field was approved in June 2013. In July 2013 the Company commenced commercial production, marking Gulf Keystone's […]
Hyundai Wins $6bn Kerbala Refinery Deal
By John Lee. A group of companies led by Hyundai Engineering & Construction has won a $6.04-billion contract to build the new 140,000-bpd Kerbala oil refinery. The Iraqi cabinet approved the deal between the Oil Ministry's State Company for Oil Projects (SCOP) and the consortium on Tuesday. Construction is to be completed within 54 months. […]
KRG Confirms Oil Export through Ceyhan
The KRG Ministry of Natural Resources (MNR) gives public notice of the commencement of the sale of its first shipment of crude oil exported via Kurdistan Region’s new pipeline through Turkey to the Port of Ceyhan (pictured). MNR anticipates the sale of the first parcel of two million barrels of exported crude oil to occur […]
UN Assists Population of Anbar
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov (pictured), said that the UN is working closely with the Iraqi national and regional authorities as well as with humanitarian partners to ensure safe passage for humanitarian assistance and emergency supplies to both the stranded and displaced families of Anbar province. […]
Video: US Dismisses Criticism on Insurgency
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Bombings, shooting and attacks in Iraq have increased since US troops flew home two years ago. But the White House denies the US withdrawal has allowed America's enemies to flourish. Al Jazeera's Mike […]
Erbil Trade Delegation to Visit London
The Kurdistan Regional Government UK Representation is delighted to announce a seminar for a visiting Erbil Trade and Investment Delegation to the UK, led by Ms Nawroz Mawlood, the Head of Erbil Branch of the Board of Investment, on 21st January 2014 from 2.30pm to 5pm at the Middle East Association, 33 Bury Street, London […]
Weekly Security Update - Assaye Risk
As 2013 came to a close, months of sustained violence and devastating atrocities in Iraq saw a civilian death toll on a par with those recorded in 2008 and more than double the figure for 2012. The deepening of the fault lines splitting the country, the intensifying of the Sunni / Shia violence and the […]
Basra’s Next Battle: Defeating Corruption and Bureaucracy
By Robert Tollast. Robert Tollast is a consultant at Noorbridge, a Helsinki based consultancy with staff in London and Nasiriyah, Iraq. He has written extensively on security, politics and economic issues in Iraq for various publications, and is currently researching a modern history of Iraq with support from The Middle East Forum. email: [email protected] twitter: […]
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 […]