Iraqi Dinar Increases in Value

Central Bank of Iraq announced that it revaluated the Iraqi Dinar by 3.4% relative to the US Dollar, according to a report from Al Sumaria. “During the daily auction of foreign currencies’ exchange, the Central Bank raised the value of Iraqi dinar against the dollar by 3.4%, or four Dinars,” the deputy governor of the […]

Supply and Delivery of Two Armored Ambulances

The United Nations Assistance Mission for Iraq (UNAMI) intends to solicit proposals for the provision of two B6 Level Armored Advanced Life Support (ALS) Ambulances to UNAMI including: a) Supply, delivery and commissioning of two B6 Level Armored ALS Ambulances. b) Supply of one year of fast moving spare-parts for each ambulance. c) Freight & […]

Gharraf to Start Production by Sept

Bloomberg reports that Malaysia's Petronas and the Japan Petroleum Exploration Co. (JAPEX) will start producing crude from the Gharraf oil field in southern Iraq by September. Sattar Mahdi, head of field development, said the field will initially produce about 35,000 barrels a day by the end of the third quarter, gradually increasing capacity to 230,000 […]

Gazprom Neft Starts Drilling Second Well at Badra

OAO Gazprom Neft started drilling a second appraisal well at the Badra oilfield, according to a report from Bloomberg. The Russian producer, which started drilling the first such well at Badra in November, expects to complete the second well in spring, and plans to approve the field development plant in February 2013. (Source: Bloomberg)

Salih to Hand Over to Nechirvan Barzani in KRG Cabinet Reshuffle

Prime Minister Barham Salih will hand over to former Prime Minister Nechirvan Barzani in a reshuffle of the Kurdistan Regional Government cabinet. The move is part of the strategic alliance between the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) which are in a coalition government. Under the agreement, Dr Salih was […]

IRAP Assists Iraqi Refugees in Humanitarian Emergencies

When Becca Heller, current director and co-founder of the Iraqi Refugee Assistance Project, first met Moustafa in Amman, Jordan in August 2008, he and his brother were the only surviving members of his family. His father and other brother had been kidnapped and tortured. A video of them pleading for their lives was sent to […]

After One Month of Boycotting: Iraqiyya at a Crossroads

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. […]

UNAMI EOI – Refurbishment of Buildings at UNAMI Compound in Kirkuk

The United Nations Assistance Mission for Iraq (UNAMI) has a requirement for the Refurbishment of  Buildings 345, 350 and 350 A at UNAMI Compund in Kirkuk, at Iraqi Air Force base, Kirkuk, Iraq. Extent of Work: The United Nations Assistance Mission for Iraq (UNAMI) has a requirement to Refurbishment of Buildings 345, 350 and 350 […]

GKP Updates on Kurdistan Operations

Gulf Keystone has issued an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis with a mean value of 10.5 […]

Qtel to Buy Out Asiacell Partner?

Reuters, citing banking sources familiar with the matter, reports that Qatar Telecom (Qtel) plans to buy out a private equity partner's 19-percent stake in Iraqi telecoms operator Asiacell. Qtel, the Gulf state's former monopoly, has a 30-percent stake in Asiacell, Iraq's number two operator, while its partner MerchantBridge owns 19 percent. Morgan Stanley is reportedly […]