GKP: "Significant, Phased, Production Uplift"
Gulf Keystone Petroleum (GKP), a leading independent operator and producer in the Kurdistan Region of Iraq ("Kurdistan" or "Kurdistan Region"), has announced its results for the half year ended 30 June 2019. Highlights to 30 June 2019 and post reporting period Operational Average production during August was 39,269 bopd, reflecting the positive results from the […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Consultant-Concessional Finance Expert, IOM - International Organization for Migration Capacity Building Coach, IOM - International Organization for Migration National Liaison Officer- Returns (JCMC & MOMD), IOM - International Organization for Migration National Liaison Officer- Returns, IOM - International Organization for Migration Programme Manager […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Information Management Associate, UNOPS - United Nations Office for Project Services Project Development Intern, Agency for Technical Cooperation and Development (ACTED) National Liaison Officer, IOM - International Organization for Migration Consultant - Concessional Finance Expert, IOM - International Organization for Migration Consultant […]
Iraq to Reduce Oil Production from October
By John Lee. Oil minister Thamer al-Ghadhban (pictured) has said Iraq will reduce oil production from October, in the hope of achieving stability in the world oil market. He added that talks with Iraqi Kurdistan on coordinating the export of oil from the two regions were in "advanced stages". (Source: Iraqi Ministry of Oil)
Iran, Iraq Reopen Border Crossing after 6 Years
The Khosravi border crossing between Iran and Iraq reopened on Friday, more than six years after a terrorist attack led to its closure. In a ceremony on Friday, Iranian Interior Minister Abdolreza Rahmani Fazli and his Iraqi counterpart Yassin Al Yasiri reopened the Khosravi border crossing. The border crossing had been closed in 2013 in […]
Officers Referred to Military Courts on Corruption Charges
Iraqi Defence Minister Najah Al-Shammari has issued an order on Thursday to refer several officers and commanders to military courts on corruption charges. The Ministry of Defence did not name the officers or specify their ranks. Last year, the Iraqi Commission of Integrity uncovered more than 2,000 warrants for corruption in the country in 2017, issued against […]
Promoting Gender-Responsive Electoral Processes
A three-day workshop has concluded in Baghdad, which considered ways how to ensure the meaningful engagement of Iraqi women in elections. The workshop on gender-responsive electoral processes, jointly organized by the Independent High Elections Commissions (IHEC) and UNAMI in collaboration with UNDP, was held within the context of UNAMI’s mandate to assist and advise IHEC […]
Market Review: “Life returns to the Banks”
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market drifted lower in an Eid-holiday shortened month, as turnover declined substantially from July. However, life found its way back to the banks. For […]
TBI Launches $100m Iraq Fund
By John Lee. The Trade Bank of Iraq (TBI) has reportedly announced the launch of a new $100-million investment portfolio fund. According to press reports, the Dananeer Fund has been set up in partnership with Cayman Islands-based Alpen Asset Advisors, and is structured as a "Segregated Portfolio Class B of the investment fund company". The […]
New Drilling Contracts Awarded at Majnoon
By John Lee. Basra Oil Company (BOC) has signed two contracts for new drilling at the giant Majnoon oil field. China's Hilong Oil Service & Engineering Company is to drill 80 oil wells at a cost of $54 million, while the Iraqi Drilling Company (IDC) will drill 43 oil wells at a cost of $255 […]
Two More New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Brick factory – State Company for Construction Industries Chlorine and Caustic Soda plant at Basra paper mill – State Company for Petrochemical Industries (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
Two More New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Arar Border Crossing Point – General Commission for Border Crossings Housing Compounds for Basra Federal Appeal Court Employees – Supreme Judiciary Council (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)