Erbil Stadium to be Sold to Private Investor
By John Lee. Erbil’s main outdoor stadium will reportedly be sold off to a private investor. According to Rudaw, a new stadium will be built on the site of the Franso Hariri Stadium. The existing 28,000-capacity venue was built in 1956 and refurbished in 1992. More here from Rudaw. (Source: Rudaw) (Picture credit: Kushared)
SOSi Wins $5m Contract at US Embassy
SOS International LLC (SOSi) has announced its award of a $5 million base plus four-year contract by the U.S. Army to provide human resources, accounting, and technical security assistance services to the Office of Security Cooperation at the U.S. Embassy in Baghdad. U.S. security assistance supports the development of a modern, accountable, fiscally sustainable, and […]
GKP Receives Payment for June Sales
Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $22.6 million ($17.7 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil sales during June 2018. (Source: GKP)
Eni CEO meets Iraqi Oil Minister
The oil minister of Iraq, Jabbar Ali Hussein Luaibi, and the Chief Executive Officer of Eni, Claudio Descalzi (pictured) met in Baghdad on Saturday. During the meeting Eni's CEO had the opportunity to outline the Company's current activities in the country in light of the recent achievements of the Zubair field development, where the production […]
Umm Qasr Port receives its Largest Container Ship to date
By John Lee. The largest container vessel to dock at the Port of Umm Qasr has recently arrived at the Basra Gateway Terminal (BGT). According to Container Management Magazine, Evergreen’s 5,652 teu-capacity Ever Useful, with a length of 285 m, beam of 40 m and a weight of 69,246 tonnes, called at Berth 27 at […]
Coalition Strikes Target ISIS Terrorists
The coalition and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between Sept. 3-9, conducting 16 strikes consisting of 22 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Operation Roundup, which began May 1 to accelerate the defeat of ISIS […]
Saudia Airlines to fly to Erbil
By John Lee. Saudia Airlines has announced that it will start direct services to Erbil in October. The service will offer three flights per week from Jeddah. (Source: Saudia Airlines)
Ouzo Gains Popularity in Iraq
By John Lee. Greek ouzo has reportedly become extremely popular in Iraq in recent years, with imports increasing steadily. According to greekreporter.com, ouzo is now replacing Iraq’s popular arak, a transparent drink very similar to Greece’s ouzo or raki. Komotini-based company Distillery Winery of Thrace claims to have an 85-percent share of the Iraqi ouzo […]
Former Defense Ministry Official Jailed for Corruption
By John Lee. A former deputy general secretary at Iraq’s Ministry of Defense has reportedly been sentenced to six years in prison corruption. According to Rudaw, Ziad al-Qattan was conviced in relation to three contracts to supply the Ministry with light weaponry and military equipment. He held the position during the Iraqi Transitional Government of […]
Production Restarted at Baiji Refinery
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] announced on Sunday the full rehabilitation of the Salahaddin-2 unit at Baiji oil refinery. The refinery was shut down in 2014 due to the actions of the Islamic State group (IS, ISIS, ISIL, Daesh). The Salahaddin-2 unit has a capacity of 70,000 barrels per day […]
Record Profits at Gulf Keystone
Gulf Keystone Petroleum (GKP) has announced its results for the half year ended 30 June 2018. Highlights to 30 June 2018 and post reporting period Operational Gulf Keystone's operations in the Kurdistan Region of Iraq remained safe and secure throughout H1 2018 with plant uptime at Production Facility 1 ("PF-1") and Production Facility 2 ("PF-2") […]
Video: Iran claims Missile Attack on Kurdish Rebels in Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iran's Revolutionary Guards Corps (IRGC) confirmed on Sunday that it had launched deadly missile attacks against Kurdish rebels in northern Iraq a day earlier. Rockets struck the headquarters of two Iranian Kurdish opposition […]