Security Council Extends UNAMI Mandate
The UN Security Council decided unanimously to extend the mandate of the United Nations Assistance Mission for Iraq (UNAMI) until 31 May 2021, during a 29 May videoconference meeting*. In adopting resolution 2522 (2020), the Council further decided that the Special Representative of the Secretary-General and Head of UNAMI, at the request of the Government of Iraq, […]
The Recovery of IS Operations in Iraq in 2019-2020
By Michael Knights and Alex Almeida, for the Combating Terrorism Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Remaining and Expanding: The Recovery of Islamic State Operations in Iraq in 2019-2020 The Islamic State has recovered from its territorial defeats since 2017 to […]
Iraq registers Dramatic Jump in COVID-19 Cases
By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq registers Dramatic Jump in COVID-19 Cases Iraq registered more than 400 positive COVID-19 tests today, its highest ever total in a single day. The Iraqi Health Ministry reported 416 infections today. The […]
Switzerland Supports WFP Assistance to Refugees in Iraq
The United Nations World Food Programme (WFP) welcomes a donation of US$522,500 from the Government of Switzerland to support the food needs of nearly 24,000 refugees and internally displaced people for one month. The funds, coming through the Swiss Agency for Development and Cooperation, will be used to provide cash assistance to 13,400 Iraqis displaced […]
Iraq can now Wrest its Sovereignty from Iran
By Hamdi Malik for Foreign Affairs. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Mustafa al-Kadhimi (pictured), Iraq's new prime minister as of May 12, has already announced a bold intention. In a short government manifesto he submitted to the Iraqi Parliament, Kadhimi emphasized his […]
Local Businesses get Boost from Iraq Lockdown
By John Lee. Iraq's national lockdown in response to the coronavirus (COVID-19) pandemic has reportedly given a boost to local businesses. According to a report from AFP, local businesses no longer have to compete with imports from countries such as Turkey, Iran, China, Saudi Arabia, Jordan and Kuwait. It quotes the owner of an ice-cream […]
Petrofac secures Contract Extension with Basra Oil Company
Petrofac's Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP). According to a statement from Petrofac, the confirmation of the contract extension is recognition of Petrofac's successful seven-and-a-half-year track record of safe and efficient delivery and […]
Iraq's Oil-Rig Count Tumbles
By John Lee. Iraq's oil-rig count has reportedly fallen by almost two-thirds this year. Iraqi sources told S&P Global Platts that the total now averages 32 rigs operated by IOCs this month, down from 88 rigs in December 2019. Federal Iraq is averaging 31 rigs this month, compared with 76 in December, while the Iraqi […]
DNO Guides 2020 Production and Spend
By John Lee. DNO ASA, the Norwegian oil and gas operator, today provided production and spend guidance for the balance of the year ahead of its Annual General Meeting on Wednesday. The Company reported that it has implemented the target 35 percent reductions across all spend categories to shrink its 2020 budget by USD 350 […]
UNAMI: Individual Responsibility Essential to Confront COVID-19
The United Nations Assistance Mission for Iraq (UNAMI) applauds the Iraqi government's leadership and decisive response to the COVID-19 outbreak at a time when it is also confronting separate crises, including social unrest and an unprecedented economic downturn. The UN commends the determination shown by local, regional and national authorities to contain the virus, as […]
Petrel Raises Capital to pursue Iraq Prospects
By John Lee. Petrel Resources Plc (Lon: PET) has announce that the company has arranged a placing with ETX Capital to raise £250,000 (before expenses) via the issue of 7,692,308 new ordinary shares (the "Placing Shares") at a placing price of 3.25p per Placing Share. Subject to the appointment of responsible officials by the new […]
Iraq pushes for Rescheduling of Reparations to Kuwait
Iraq's Minister of Finance, Ali Allawi, arrived in Kuwait on Saturday for talks with senior officials. Mr. Allawi held discussions with the Prime Minister of Kuwait, Sheikh Sabah Al-Khalid Al-Sabah, on bilateral relations and delivered a written message from Prime Minister Mustafa Al-Kadhimi. He also held talks with the Minister of Finance, Barrak Al-Shitan, the […]