18.9% Live Below Poverty Line
By John Lee. Iraq's human rights ministry has said that more than 18 percent of the Iraqi population is living below the poverty line. This amounts to 6.4 million people, mostly in rural areas. According to the report from Aswat al-Iraq, the ministry added that while Iraq is one of the richest countries in oil […]
Second Gazprom Award for Petrofac in Iraq
Petrofac has been awarded a second contract by Gazprom Neft Badra B.V. on the Badra Oil Field, situated 160km southeast of Baghdad City in the Republic of Iraq. Worth US$95 million over three years, the contract was awarded to Petrofac's Offshore Projects & Operations (OPO) business to provide maintenance engineering, maintenance execution and support services. […]
ShaMaran Confirms Extension Of Field Area
ShaMaran Petroleum has reported the results of the Atrush-3 appraisal well ("AT-3") drilled in the Kurdistan Region of Iraq. The AT-3 well was spudded on 23rd March 2013 using the DQE31 drilling rig and was drilled to a total depth of 1,806m. The well is situated approximately 6.5km east of the AT-2 well and approximately […]
Students Complete Studies at LUKoil Training Center
The first group students have completed their studies in the training center of LUKOIL Overseas Mid-East Ltd., LUKOIL's operating company for West Qurna-2 project, in Basra province. 170 Iraqi nationals who have completed a 1.5 year training program were immediately assigned to different facilities of West Qurna-2 field depending on their obtained qualifications, including well […]
Court Strikes Down Law on Term Limits
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
Video: Syrian Refugees Languish in Iraq Camps
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Forty thousand Syrian refugees fled to Northern Iraq last week. That's on top of 160,000 other refugees already in the region. Al Jazeera's Imran Khan joins us live from the Domiz camp in […]
Reports of Syria Chemical Attack Split Iraqis
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The world was surprised by the news that a chemical massacre took place on the outskirts of Damascus on Aug. 21. The Iraqi public, however, followed that event with even more interest […]
India-Iraq Friendship to be of "Equity Partners"
India is looking forward to further strengthening its relations with Iraq as an "equity partner" in areas like oil exploration and petrochemicals, the country's President, Pranab Mukherjee, said on Friday. Speaking during the visit of Iraqi Prime Minister Nouri al-Maliki, the President added: "Iraq has become India's second largest crude oil supplier. This is a […]
Initiative to Improve Business Registration
On Thursday August 22, the Ministry of Trade (‘Ministry’) in cooperation with the Federation of Chambers of Commerce (‘Federation’) launched Iraq’s first “One Stop Shop” for company registration. The Ministry of Trade was represented at the event by Deputy Minister Waleed Habeeb Al-Mosawy; the Federation was represented by Secretary General Abdulhuessein Almubaraka. The U.S. Embassy […]
Consul General Promotes Opportunities in Iraq
In an interview with The Arab American News, Al Manhal Al Safi, the Iraqi Consul General in Detroit, said: “You don’t see it on television, but, actually, people are traveling to Iraq, people are building new houses...You won’t see that it’s normal in the media, but when there is a car bomb, or whatever, they […]
Voter's Revolution in Ninawa
By Abdullah Salem. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Voter's Revolution in Ninawa: Local Minorities take over Provincial Govt Local elections in the troubled northern state of Ninawa have seen the provincial council dominated by […]
Exxon to Sell West Qurna Stake
Reuters reports that Exxon Mobil is selling part of its stake in the West Qurna-1 oilfield to PetroChina and Indonesia's Pertamina. Oil Ministers Abdul Kareem Luaibi [Elaibi] told the news agency that 25 percent will go to PetroChina and 10 percent to Pertamina. He added that the deal would be done "maybe after two to […]