GKP claims "Strong Start to 2021"
Gulf Keystone Petroleum (GKP) has announced its audited results for the full year ended 31 December 2020. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Against the backdrop of extraordinary global challenges in 2020, GKP acted decisively to successfully manage the impact of COVID-19 on our staff, contractors and production operations. We achieved all of our cost […]
Iraqi Parliament to Dissolve itself on 7th October
By John Lee. The Iraqi Parliament has voted to dissolve itself on 7th October, to make way for general parliamentary elections scheduled for 10th October. The decision was made at a sitting of the parliament on Wednesday. (Source: Iraqi Parliament)
Cabinet Extends Contracts of KBR and Antonoil at Majnoon
By John Lee. The Iraqi Cabinet has approved the renewal of two contracts at the Majnoon oil field. Chinese company Anton Oilfield Services Group (Antonoil) is to continue to provide Integrated Field Management, while the American company KBR will provide Engineering, Procurement and Construction Management (EPCM). The decision allows for the extension of the contracts […]
Iraq to Buy More Pfizer Vaccine
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet approved the purchase of an "additional quantity" of the Pfizer vaccine for COVID-19 (coronavirus), but did not specify the amount. As a result of the steady increase in the number of […]
Iraq signs 4 Major Energy Deals with Total
By John Lee. Iraq's Ministry of Oil has signed an agreement of principles with the French company Total for four major energy projects in the country: Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include a Central Gas […]
Iraq Finalises Oil Exports for February
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for February of 82,877,757 barrels, giving an average for the month of 2.960 million barrels per day (bpd), up from the 2.868 million bpd exported in January. These exports from the oilfields in central and southern Iraq amounted to approximately 79,105,329 barrels, while […]
ILO and NGOs agree on Improving Opportunities in Iraq
ILO and the Cash Consortium for Iraq sign MoU to advance the humanitarian-development nexus and improve economic opportunities for vulnerable populations The ILO and the Cash Consortium for Iraq (CCI) have signed a Memorandum of Understanding (MoU) as part of the agencies' strategic partnership to strengthen collaboration in advancing economic growth and self-reliance for vulnerable […]
US Firm Wins $11m IT Contract in Iraq
By John Lee. Florida-based NIC4 Inc., a division of Network Innovations Group, has been awarded an $11,611,032 firm-fixed-price contract for supplies and services to deliver network operations center equipment, software licenses and extended warranty coverage, and to provide installation services, support services and training for the government of Iraq. Bids were solicited via the internet […]
Solar Power "Remains a Mirage" in Iraq
By Noam Raydan and Harry Istepanian, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite scorching heat, solar power remains mirage in Iraq Iraq has suffered from a lack of electricity generation capacity following the US-led invasion of 2003 as well […]
How Iraqi Officials make Millions in 'Cash for Jobs' schemes
By Ahmed Maher, for The National. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq corruption: how ministry officials make millions in 'cash for jobs' schemes A part-time job with a temporary contract in Iraq's Industry and Minerals Ministry cost mechanics graduate Yasmine $1,000. […]
The Economist: "Iraqis are getting fed up with Iran"
From The Economist. Iraqis are getting fed up with Iran Iranian-backed militias still hold sway in much of Iraq. Many were involved in the violent suppression of anti-government protests that erupted in 2019. Lately, though, they have lowered their profile. Read the full article here (subscription needed).
Iraqi Diaspora Mobilization and the Future Development of Iraq
By Dr. Oula Kadhum, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Static Budget Process Iraqi diaspora mobilization and the future development of Iraq, authored by Dr. Oula Kadhum, explores Iraqi diaspora mobilization before and after the 2003 […]