Former CEO Admits Making Corrupt Payments in Iraq
Paul Jennings appeared before Southwark Crown Court in London on Monday charged with alleged offences of conspiring to make corrupt payments to public officials in Indonesia and Iraq to secure contracts for Innospec Ltd for the supply of its products. Mr Jennings, a former CEO for Innospec Ltd, pleaded guilty today to the following charges: […]
New Kurdistan-Turkey Pipeline could be Game-Changer
A plan to construct a new oil pipeline, with a capacity of 1 million barrels per day, between Iraqi Kurdistan and Turkey has drawn positive responses from many in the oil industry, according to a report from Investors Chronicle. Paul Atherton, finance chief of Heritage Resources, said: "This is an excellent opportunity for Heritage to […]
Iraq and Jordan sign Energy Agreement
According to a report from AKnews, Iraq's Council of Ministers has agreed to authorize the Minister of Oil to sign a memorandum of understanding with the Ministry of Energy and Mineral Resources in Jordan in the areas of oil and energy. The five-year agreement includes the construction of a pipeline to transport crude oil and […]
Iran Starts Electricity Exports to Iraq
Aswat al-Iraq has reported that a new Iranian electricity supply line has started operations, carrying 100 MW of electricity from Iran. The new line is aimed at meeting the 550 MW of power required by Wasit province. The province currently only receives less than 150 MW from Iraq’s national grid, and consequently suffers from regular […]
Iraq Receives 31,000 Tons of Uruguayan Rice
AKnews reports that Iraq has received 31,000 tons of Uruguayan rice. Three Canadian ships "loaded with wheat" (sic) arrived at Iraqi ports as part of the country’s efforts to strengthen the food supply program on which 60 percent of Iraqis rely. The ministry started transferring the cargo that arrived through the port of Umm Qasr […]
Video: Iraq "Makes Political and Economic Progress"
USA TODAY reporter Jim Michaels elaborates on life in Iraq six months after U.S. combat troops left. (Source: USA Today)
Exactly How Many MPs Are Ready to Vote Out Maliki?
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 Business News. […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
DNO's AGM Presentation; Oil Confirmed at Peshkabir-1
DNO International ASA, the Norwegian oil and gas company with operations in Iraqi Kurdistan, is holding its Annual General Meeting in Oslo at this morning. Please click here to download the presentation made by the Managing Director, Helge Eide. A statement from the company added: "The latest results from testing of the Peshkabir-1 well in […]
KRG Hosts Activity Update with UN Agencies
The KRG Department of Foreign Relations and the UN agencies in Kurdistan have agreed to strengthen mechanisms for sharing information. The meeting was organised by the Kurdistan Regional Government (KRG) Department of Foreign Relations (DFR) to provide an opportunity for a comprehensive activity report between the DFR and the various UN agencies, as well as […]
On-Farm Trials: Tools to Reduce Poverty
By Layth Mahdi, Agricultural Advisor. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On-farm demonstration trials are used to teach farmers to improve their agricultural practices and increase yield. It serves as one of the most valuable extension education program to help farmers to […]
CIA to Downsize in Iraq
The CIA is reportedly planning to cut the number of personnel in Iraq to 40% of what it had at the height of the Iraq war, when Baghdad was the headquarters of the largest CIA station in the world. At that time, there were more than 700 members of the CIA there. Supporters of the […]