Bombs Again Shut Ceyhan Pipeline
Iraq’s oil exports to Turkey were halted again on Wednesday, this time by bomb attacks targeting the oil pipeline north of Baghdad. Reuters' sources say one attack took place at around 0100 local time near Hadhar in Nineveh Province, 80 km south of Mosul, with another section of the line also attacked near Fatha, between […]
Standard Chartered plans Iraq Expansion
By John Lee. UK-based bank Standard Chartered is counting on the assistance of the British government to help it to open branches in Iraq by the end of the year, according to a report from The National. The newspaper says the company plans to open three branches in the next eighteen months, to tap into […]
After Port Bombing, Basra Gov'r Sees Price to Pay
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. The truck bomb that exploded on Aug. 17 at dock No. 17 of the Iraqi port of Umm Qasr located on the Arabian Gulf surprised Iraqi political and security circles. Although […]
New Petrol Distribution Regulations for Iraqi Kurdistan
The Kurdistan Regional Government Ministry of Natural Resources and Erbil Governorate authorities have introduced new regulations on the sale of petrol from private fuel stations in Erbil Governorate, Kurdistan Region. This move will benefit consumers, introduce a uniform standard of petrol quality in Erbil, and will help to protect Kurdistan’s environment. Effective 25 August, 2013, […]
German Consul: Kurdistan is Democratic Model for Iraq
The new German Consul General in Erbil, Mr Alfred Simms-Protz, met with Minister Falah Mustafa as part of his introductory and courtesy calls on senior KRG officials. Mr. Simms-Protz previously served as Head of Diplomatic Security at the German Foreign Office in Berlin. Speaking about the growing relationship with Germany, Minister Mustafa said: I hope […]
July Crude Oil Revenues Up
By John Lee. Iraq generated 6.9 percent more revenue from crude sales in July, compared with the previous month, according to the Oil Ministry. Bloomberg reports that it earned $7.27 billion from the export of 2.32 million bpd of crude in July, versus $6.8 billion from 2.33 million bpd in June. 66.4 million barrels were […]
Iran to Increase Production from Joint Oilfield with Iraq
By John Lee. According to a report from Tehran Times, Iran will double output at the Yadavaran oilfield, which straddles the border with Iraq, to 50,000 bpd by the Iranian calendar month of Dey (beginning 22nd December). Production started in February 2012 and the oilfield is currently producing 25,000 bpd of crude oil, but 55 […]
Free Legal Aid for Southern Iraq’s Most Vulnerable
Vulnerable groups in southern Iraq will soon be able to access free legal services directly from the Basrah Justice Palace. “By establishing a legal help desk directly inside the Basrah Justice Palace, we are minimising the time and money spent by vulnerable groups to seek legal assistance,” said Rini Reza, chief of the UN Development […]
KRG "Committed to Free and Fair Elections"
Minister Falah Mustafa received Mr Sarbast Mustafa, Head of the Independent High Electoral Commission of Iraq (IHEC), and Mr Sokol Kondi, Head of UNAMI in Erbil today to discuss preparations for the upcoming elections. Kurdistan Region is due to hold parliamentary and provincial elections this year in September and November respectively. The meeting comes as […]
Foreign Minister Discusses Chapter VII with UN
Foreign Minister Hoshyar Zebari has discussed Iraq's relations with the United Nations and its assistance mission in Iraq (UNAMI) with Deputy Secretary-General for Political Affairs, Jeffrey Feltman. During the meeting, the two sides discussed the UNAMI activities in Iraq and the Iraqi government's keenness on facilitating UNAMI's work. The Minister expressed the government's appreciation for […]
China to Open Consulate in Erbil
The People's Republic of China is expected to open its first diplomatic mission in the Kurdistan Region by the end of this year. Currently there are 27 foreign and diplomatic representations in Erbil, including four of the five permanent United Nations Security Council members. The opening of a consulate-general was discussed at a meeting today […]
More Firms Pre-Approved for Nassiriya Bid
By John Lee. Iraq has selected five additional international oil companies to bid for the development of its $4.4-billion Nassiriya oil field and the construction of a new 300,000 bpd refinery, reports Reuters. The companies added to the list are: France's Maurel et Prom; Russia's Rosneft; Essar UAE India; South Korea's GS Engineering & Construction […]