Greenpeace: "Big Oil's Dirty Secret in Iraq"
For years gas flaring has been out of control in Iraq, as oil majors have made millions of pounds in the country, according to a new report from Greenpeace. It says that some locals fear that pollution from the flaring is contributing to high rates of leukaemia and other cancers among those living in nearby […]
INOC Ruling "Creates New Opportunities in Iraqi Oil"
Writing in Oil Price, Simon Watkins argues that the decision by Iraq's Federal Supreme Court to invalidate the establishment of the Iraqi National Oil Company (INOC) opens the way for new investment from international oil companies (IOCs) into Iraq. Click here to read the full article.
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th October 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD946 (-1.8%) / $830 (-1.8%) (weekly change) (+3.1% and +3.1% YTD change, respectively). The weekly trading volume was […]
Tabaqchali: Markets Continue to Discount, Look through Political Impasse
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Markets Continue to Discount and Look through the Political Impasse The market, as measured by the Rabee Securities RSISX USD Index, was up 3.7% for the month, […]
Baker Hughes to Boost Gas Production at Nassiriya and Gharraf
By John Lee. US-based Baker Hughes has reportedly signed a contract with state-owned Dhi Qar Oil Company (DQOC) to increase production of associated gas at the Nassiriya and Gharraf [Garraf] (pictured) oilfields. Anwar Hadi Shiaa, a director of the DQOC, told the state-controlled Iraqi News Agency that the company aims to increase the gas production […]
Iraqi Militia makes Credible Threat against Gulf States
By Hamdi Malik and Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Militia Group Makes Credible New Threat Against the Gulf States The facade group in question tends to follow through on its […]
Dust Storms and Climate Change hammer Iraq
By Jassim Al-Falahy, Iraqi Minister of Environment, for Newsweek. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dust Storms, Climate Change Hammer Iraq In Iraq this past spring, the air sometimes was orange. Not the sky, the air. It looked like what I imagine […]
Iraq maintains Oil Export Volume for September
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for September of 98,765,153 barrels, giving an average for the month of 3.292 million barrels per day (bpd), slightly up from the 3.286 million bpd exported in August. The exports from the oilfields in central and southern Iraq amounted to approximately 96,445,421 barrels, […]
New Digitised Mapping Service for Erbil
By John Lee. A new startup has reportedly announced a new product that digitises real estate maps. According to a report from Iraq Tech, Optionline's Naxsha is cloud-based real-estate software that "offers agencies a customisable platform to build and use data to improve their sales strategy." The app currently only contains maps of Erbil city, […]
Iraq Confirms August Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for August of 101,859,528 barrels, giving an average for the month of 3.286 million barrels per day (bpd), down from the 3.303 million bpd exported in July. The exports from the oilfields in central and southern Iraq amounted to approximately 100,750,000 barrels, while […]
SAFEEN Group to provide Fuel Oil Transport to Iraq
AD Ports Group's (ADPORTS) SAFEEN Group and Amaan Baghdad Company have signed an agreement to support a new project relating to fuel oil transport and storage from Khor Al Zubair and Umm Qasr oil terminals in Iraq. The project represents a significant extension of SAFEEN Group's portfolio of dedicated products and services into the oil […]
Genel Energy announces New CEO
Genel Energy has announced the appointment of Paul Weir as Chief Executive Officer, and as a member of the Board of Directors, with immediate effect. Paul, who was previously Chief Operating Officer before being made Interim Chief Executive Officer in June this year, joined Genel in January 2020. Paul had worked for more than 30 […]