US Closes Ground Ops Command in Iraq
The Combined Joint Forces Land Component Command headquarters was deactivated today at a ceremony in Baghdad, signifying the end of major combat operations in Iraq against the Islamic State of Iraq and Syria and acknowledging the changing composition and responsibilities of the coalition. CJFLCC was responsible for coalition land force operations in support of Iraqi […]
New Contracts Signed to operate Majnoon Oilfield
By John Lee. Basra Oil Company (BOC) has signed contracts with the Chinese company Anton Oilfield Services Group (Antonoil) and the US company KBR to operate and maintain the Majnoon oil field. A statement from the Ministry of Oil put the value of the contracts at $118 million, adding that there would be "other secondary […]
Saudi Food Company to enter Iraqi Market
By John Lee. Saudi Arabian food producer Goody has signed an agreement to become the first Saudi food firm to supply the Iraqi market in nearly 30 years. The Jeddah-based company plans to supply pasta, dates, chilled coffee, burgers, tuna and canned fruits to Iraq. It is part of the Basamh Trading and Industries Group. […]
Qatar, Iraq to Cooperate in Air Transport
By John Lee. Qatar's Civil Aviation Authority (CAA) has announced steps towards cooperation in air transport with Iraq. The announcement came during a visit by Iraq's Minister of Transport, Kadhim Finjan Al Hammami, during which he met Qatar's Minister of Transport and Communications Jassim bin Saif Al Sulaiti and CAA Chairman Abdullah bin Nasser Turki Al […]
Iraq Targets Terrorism Financing with Blacklist
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The UN’s committee overseeing sanctions on the Islamic State and al-Qaeda has approved an Iraqi request to include Al-Kawthar Money Exchange and its owner Umar al-Kubaysi, as well as Salem Mustafa Mohammed al-Mansour, aka […]
New Shipping Sevice between Iraq and Qatar
By John Lee. A new shipping route has been announced between Qatar and Iraq. Serving Hamad Port in Qatar and Umm Qasr Port in Iraq, the first ship set to arrive in Iraqi on 1st May. The announcement was made during the meeting between Ministers of Transport of the two countries. (Source: The Peninsula Qatar, […]
Hunting For Troll Farms In Northern Iraq
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Iraqi Kurdistan, as many as a dozen different Facebook pages, all with hundreds of thousands of followers, coordinate their fake news. And wealthy political candidates are likely paying for […]
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 […]
Kuwait Energy starts Producing Gas at Siba
By John Lee. Kuwait Energy has started producing natural gas from the Siba field, south of Basra, on Wednesday. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) announced an inital production rate of 25 million cubic feet a day (mcf/d), increasing to 100 mcf/d by the end of the year. Kuwait Energy was awarded a […]
Tracking Down the Iraqis Behind Fake News Epidemic
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Last week, a rumour swept social media in Iraq: The authorities overseeing election campaigning in Iraq had prevented 75 female candidates from running in the election for unethical behaviour. There […]
Iraq Awards New Oilfield Licences: FULL LIST
By John Lee. Iraq's Ministy of Oil has awarded all four development projects, and two of the seven exploration blocks, that it offered in its fifth auction of oil licences. Only nine of the 26 companies originally pre-qualified took part in the auction, with majors such as Lukoil (Russia), ExxonMobil (US) and Total (France) not bidding. Development […]
Gazprom Neft commissions Second Well at Sarqala
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a second well — the Sarqala-2 — at its Sarqala field (within the Garmian block), located in the Kurdistan Region of Iraq (KRI). The new well is currently producing 11,000 barrels per day (bpd), with potential to increase this to 15,000. Total daily production at […]