SOMO "Close to JV" with China's Zhenhua
By John Lee. Iraq's State Oil Marketing Organization (SOMO) is reported to be close to a deal with China's state-run Zhenhua Oil to boost its crude oil sales. According to Reuters, China is under pressure to cut oil purchases from Iran, as the United States re-imposes sanctions on Tehran. More here. (Source: Reuters)
Coalition Strikes Continue Against ISIS Targets
Combined Joint Task Force Operation Inherent Resolve and its partners continue to pursue the lasting defeat of the Islamic State of Iraq and Syria in designated parts of Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Operation Roundup, which began May 1 to accelerate the defeat of ISIS in the […]
Agreement Expected with Kuwait on Joint Oil Fields, Gas Exports
By John Lee. Kuwait reportedly expects to reach agreement with Iraq on joint oil fields and the import of Iraqi gas by the end of this year. KUNA quotes Kuwait's Oil Minister and Minister of Electricity and Water Engineer, Bakheet Al-Rashidi, as saying: "We are in the process of selecting a global consultant to study […]
US Sanctions cause Big Losses for Iraqi Investors in Iran
By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iranian economy has spiraled out of control since a new set of US-enforced sanctions against trade with Iran went into force Aug. 7, as its currency value has been plummeting ever since while inflation rates are […]
FLS to Transport Oil Pipes and Equipment to Iraq
By John Lee. Fleet Line Shipping (FLS) has won a contract to transport 11,000 tons oil and gas equipment and pipes from the United Arab Emirates (UAE) to Iraq. The first batch of pipe laying machines, each weighing 45 tons, was loaded on a ro-ro ship from Jebel Ali to the port of Umm Qasr […]
Basra Protests spark Govt Scramble to Create Jobs
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Iraqi Cabinet announced Aug. 12 that it has approved a regulation by the Ministry of Labor requiring that 50% of foreign oil company employees working in the country be Iraqis. The move followed […]
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 […]
Talks continuing on Iraq-Kuwait Electricity Link
By John Lee. Talks are reportedly continuing to complete the electricity linkage between Iraq and Kuwait. KUNA quotes Kuwait's Oil Minister and Minister of Electricity and Water Engineer, Bakheet Al-Rashidi (pictured), as saying: "We expect that these negotiations will ultimately lead to linking Iraq's electricity grid with the Gulf network and then link with Turkey […]
Prince Charles continues his Patronage of AMAR
His Royal Highness, The Prince of Wales, has agreed to continue his Patronage of the AMAR International Charitable Foundation. Prince Charles has been AMAR’s Patron for the past 13 years, and during that time has attended a number of AMAR’s milestone events. Last year he helped to bring our Silver Anniversary to a spectacular close at […]
Altun Kupri Bridge Re-Opens
By John Lee. The Altun Kupri (Alton Kopri) bridge linking Kirkuk and Erbil provinces has been re-opened. According to a brief statement from the Iraqi Govt, the bridge is vital for commerce and for fostering enduring ties between communities. The route has been closed following clashes between Peshmerga and Iraqi forces in October. (Source: Iraqi […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Information Management & Systems Officer, Mines Advisory Group (MAG) Monitoring and Evaluation (M&E) Coordinator, Heartland Alliance for Human Needs Project Officer, Search for Common Ground (SFCG) Individual Consultancy for Development of UNICEF Iraq CPD 2020-2023, UNICEF - United Nations Children's Fund Consultancy Assignment-Situation […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Logistics Advisor, Première Urgence Internationale (PUI) Grant and Reporting Coordinator, Action contre la Faim - ACF International Deputy Finance Controller, International Rescue Committee (IRC) Driver & Logistics Clerk, UNOPS - United Nations Office for Project Services Humanitarian Affairs Officer, OCHA - Office […]