Major Plans to Boost Iraq Oil-Exporting Capacity
By John Lee. Iraq is reportedly ramping up efforts to expand capacity to pump and export oil. Ihsan Abdul Jabbar, the director-general of state-run Basra Oil Company, told Bloomberg that Iraq is seeking bids from six companies for a $4-billion project to inject seawater into its southern oil fields, and the country has already received […]
IBBC joins British Chambers of Commerce in boost to UK-Iraq Trade
Iraq Britain Business Council joins British Chambers of Commerce in boost to UK – Iraq Trade IBBC is delighted to announce that we are officially an international affiliate to the British Chambers of Commerce (BCC). The IBBC is now the official organisation to whom British companies and organisations will be referred by the BCC. This […]
Minister of Oil meets Head of Jinhua
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has met with Mr Lu Ygiang, the President of the Chinese company Jinhua, and his entourage. The two parties discussed during the meeting about enforcing the bilateral cooperation and the development of East Baghdad oil field. The Minister confirmed he was keen to prepare the […]
Basra Gataway Terminal takes delivery of new Dredger
A customised Damen cutter suction dredger, type CSD500, has been named by her owner, Basra Gateway Terminal (BGT), at the Damen Dredging yard in the Netherlands. Immediately after the ceremony, the dredger was made ready for transport and towed to Rotterdam, from where it was shipped to Port of Umm Qasr, Iraq. The dredger’s first […]
Oil Ministry Conf on Development of 11 Exploration Zones
By John Lee. Iraq's Ministry of Oil will hold a conference on Thursday 29th March to announce for a new licensing round to develop and rehabilitate 11 exploration zones on the borders of Iran and Kuwait, including one offshore zone on the Gulf. The conference will be attended by 13 international companies which have purchased the […]
Iraq buys Wheat from US and Australia
By John Lee. Iraq's state grains board has reportedly bought about 100,000 tonnes of hard wheat in a tender which closed last week. 50,000 tonnes is to be sourced from the United States at $332.17 a tonne c&f free out, with 50,000 tonnes from Australia at $309.95 a tonne c&f free out. (Source: UkrAgroConsult)
General Highlights Airpower in Fight Against ISIS
Airpower has been a key factor as Operation Inherent Resolve continues to achieve milestones in the fight against the Islamic State of Iraq and Syria, a senior OIR officer told Pentagon reporters via satellite from Baghdad today. “Coalition airpower in support of the Iraqi security forces has been extremely successful in the destruction of ISIS […]
Shell Sells West Qurna-1 stake for $406m
Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V (SIBV), which holds its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of Japan's Itochu Corporation. The purchaser will also assume debt of $144 million as part of the transaction. […]
Iraq to begin Seizing Assets of Saddam Hussein & Cohorts
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. Iraqi authorities have been given the green light to begin confiscating the assets of late President Saddam Hussein, along with the assets of many of his relatives and […]
Video: Push in Iraq to get Trains back on Track
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is trying to get its antiquated rail system back on track. Established in the early 1950s, it was one of the most prominent train hubs in the Middle East. But war and […]
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 […]
One of Iraq’s Best-Loved Tourist Resorts Slowly Returns to Life
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. By Kamal al-Ayash. One of the country’s best known resorts, where different community groups used to holiday together, is slowly coming back to life, after several years in the middle […]