How the Barzanis are looking to Consolidate Power
By Al Monitor staff. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Intel: How the Barzanis are looking to consolidate power in Iraqi Kurdistan Iraqi Kurdistan’s dominant clan announced today that it was nominating Prime Minister Nechirvan Barzani to succeed his uncle Massoud […]
Ahmed Mousa Jiyad: Preview of a Special Issue on Iraq
By Ahmed Mousa Jiyad, Iraq/ Development Consultancy & Research, Guest Editor IJCIS-SI, Email: mou-jiya(at)online.no. 2018 is, in more than one aspect, rather an important year; It commemorates the 60 anniversary of 14 July revolution 1958; it registers thirty years of ending the eight years long Iran-Iraq war; it counts fifteen years of the country’ invasion […]
DynCorp Wins Contract for Aviation Field Maintenance
DynCorp International LLC has been awarded a $41,658,522 modification (P00200), to contract W58RGZ-13-C-0040 for aviation field maintenance services. Work will be performed in Fort Worth, Texas; Afghanistan; and Iraq, with an estimated completion date of June 30, 2019. (Source: US Dept of Defense)
Oil Exports Revenues Fall in November
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for November of 101,156,808 barrels, giving an average for the month of 3.372 million barrels per day (bpd), a decrease from the 3.478 bpd exported in October. These exports from the oilfields in central and southern Iraq amounted to 100,895,342 barrels, while exports by […]
UK Delegation meets KRG PM Barzani
Prime Minister Nechirvan Barzani received the UK Prime Minister’s Trade Envoy to Iraq Baroness Emma Harriet Nicholson, UK Ambassador to Iraq Jon Wilks, and UK Consul-General to the Kurdistan Region Martyn Warr. Baroness Nicholson welcomed the progress made in the dialogue between the Kurdistan Region and Baghdad to settle outstanding issues. She also expressed her […]
NIC identifies Main Issues Hindering Investment in Iraq
By John Lee. Iraq's National Investment Commission (NIC) has identified five main issues hindering investment in Iraq: Not applying the One Stop Shop (OSS) law as it should be applied and denying the OSS representatives the required authorities to decision making; Difficulties in allocating lands and being subject to interpretation and wishes of various bodies; […]
Iraq sees Lowest Casualty Rate in 6 Years
A total of 41 Iraqi civilians were killed and another 73 injured in acts of terrorism, violence and armed conflict in Iraq in November 2018*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The figures include ordinary citizens and others considered civilians at the time of death or injury, […]
GardaWorld Weekly Security Report
GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]
SOMO "Squeezing Out" Oil Resellers
By John Lee. Iraq's State Oil Marketing Organization (SOMO) is reported to be restricting companies from reselling Basra crude oil on the spot market. Oil traders have told S&P Global Platts that SOMO wants to keep a greater share of the lucrative spot market for itself. The report adds that SOMO is merely implementing restrictions already embedded […]
BGC to Increase Gas Output by 16% by end-Dec
By John Lee. The Basra Gas Company (BGC) is expected to increase production from its current level of 900 million cubic feet per day (mcf/d) to 1,050 mcf/d by the end of this year. A statement from the Ministry of Oil on Thursday added that the project aims to reach a target of 2,000 mcf/d […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th November 2018). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD650 (-2.0%) / $697 (-2.0%) (weekly change) (-19.9% and -16.6% YTD change, respectively). The number of week traded […]
Putin may visit Baghdad amid growing Russian-Iraqi Contacts
By Ruslan Mamedov for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Putin eyes visit to Baghdad amid growing Russian-Iraqi contacts Lately, official Russian-Iraqi contacts have been intensifying noticeably. On Nov. 23, Russian Foreign Minister Sergey Lavrov and Iraqi President Barham Salih met behind […]