Mosul University -- a Symbol of Hope
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. Visiting Mosul University, a Symbol of Hope for a City in Ruins Iraq’s second largest university was under the control of anti-education extremists for three years. Recently reopened, both students […]
Albilal Group joins IBBC
The Iraq Britain Business Council (IBBC) has announced that one of Iraq’s most significant companies, Albilal Group, has joined the trade organization. Not only is Albilal a major EPC to many IOCs in Iraq, but also to the ministries of Electricity, Oil & Gas, Water and Infrastructure. ABG was established since 1993 with main offices in Iraq […]
Military Strikes Continue Against ISIS Terrorists
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria between Dec. 18 and yesterday, conducting 11 strikes consisting of 21 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the most recent strikes, noting that assessments of results are based on initial reports. […]
Baghdad seeks Concessions before Negotiating with Kurds
By Kamal Chomani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Trying to jump-start discussions with Iraq's central government, the Kurdistan Regional Government (KRG) in Erbil recently announced it will respect the Iraqi Federal Court's ecision that the KRG independence referendum was unconstitutional. But Baghdad has amplified its demands for opening a dialogue, which […]
Oil Ministry starts taking over Majnoon Ops
By John Lee. Reuters reports that Iraq's oil ministry has said it had started to take over operations at Majnoon oilfield from Shell. Earlier this year, Shell said it will exit the field, which is expected to happen by the end of June. The ministry has formed a management team to handle production after the […]
Kurdistan quickly Descending into Chaos
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Kurdistan region of Iraq is fast descending into chaos, with protests continuing for the third day in some parts of Sulaimaniyah province and security forces using live ammunition […]
Shaikan Payment Update
By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that a gross payment of $15.0 million ($12.0 million net to GKP) has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales in August 2017. (Source: GKP)
Iraq’s Fifth Licensing Round
By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil has repeatedly said that it would like to renegotiate the terms of its service contracts with the international oil companies (IOCs) to link the fees the companies receive for […]
Genel Shares Rise on Debt Reduction Plan
By John Lee. Shares in Genel Energy closed the day up 5.9 percent on Wednesday, after the company's bondholders approved its proposal to reduce the outstanding bond debt from $421.8 million to $300 million. It will also extend maturity through amending and restating terms to a new 5 year tenor. DNB Markets and Pareto Securities […]
IBN Welcomes New Expert Blogger
By Padraig O’Hannelly. This week at Iraq Business News, we are delighted to welcome a new Expert Blogger to our ranks: Alessandro Bacci (pictured) is an independent energy consultant in relation to business strategy and corporate diplomacy (policy, government, and public affairs). Much of his activity is linked to the MENA region, an area where […]
Genel Energy confirms Payments for KRI Oil Exports
Genel Energy has announced the receipt of payments from the Kurdistan Regional Government (KRG) for oil sales during September 2017 from the Tawke and Taq Taq PSCs. DNO ASA, as operator of the Tawke PSC, has announced the receipt of $54.32 million from the KRG as payment towards September 2017 crude oil deliveries to the […]
UNAMI "Deeply Concerned" about Violence in Kurdistan
The United Nations Assistance Mission for Iraq (UNAMI) is deeply concerned about the violence and the reported casualties during demonstrations in the Kurdistan Region of Iraq (KRI) in the last two days, and calls for restraint and calm on all sides. The people have the right to partake in peaceful demonstrations, and the authorities in […]