Iraq's Southern Oil Exports "Close to Record High"
By John Lee. Reuters reports that oil exports from southern Iraq have risen to close to a record high. It cites industry sources as saying that exports in the first 20 days of November averaged about 3.50 million bpd, up 150,000 bpd from October's average. The current monthly record of 3.51 million bpd was achieved […]
Baghdad Increases Pressure on KRG with Budget Cut
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The first draft of Iraq’s federal budget for 2018, approved by the government at the start of the month, envisions slashing the Kurdish region’s share from 17% to 12.7% […]
Germany continues Support for Iraqi Children
UNICEF thanks the people of Germany for their continued support to the children of Iraq Years of conflict have severely curtailed the rights of children in Iraq. Their rights to protection from violence, education and access to safe drinking water are under assault from nearly every direction. “UNICEF is working with partners like the German […]
Details of Latest Strikes Against ISIS
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 16 strikes consisting of 29 engagements Nov. 17-19, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the strikes, noting that assessments of results are based on initial reports. There were no reported strikes […]
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 […]
Iraq Stock Market ends week 6.3% Up
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th Nov 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD815 (+6.3%) / $838 (+6.6%) (weekly change) (-15.1% and -11.6% YTD change, respectively). The number of week traded […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Finance and Administration (F&A) Manager, International Business & Technical Consultants, Inc. (IBTCI) Movement Control Assistant, United Nations Assistance Mission for Iraq (UNAMI) (Source: UN)
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Call Centre Supervisor, UN Office for Project Services (UNOPS) General coordinator, Médecins du Monde (Source: UN)
Two charged in UK's Unaoil Investigation
The UK's Serious Fraud Office (SFO) has charged two individuals in relation to the Unaoil investigation. Ziad Akle (42) and Basil Al Jarah (68) have both been charged by requisition with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. Akle, who resides in London, was Unaoil’s […]
Strikes Continue Against ISIS Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting 34 strikes consisting of 56 engagements Nov. 13-16, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Strikes in Syria Yesterday in […]
SOMO Awards Diesel Tenders
By John Lee. Sources have told Reuters that China's state-run Zhenhua Oil will supply diesel (500 parts per million (ppm) sulphur) to Iraq's State Oil Marketing Organization (SOMO) through a term contract for the first time. It will supply 600,000 tonnes of the 2.37 million tonnes sought by SOMO in a tender for delivery in […]
ShaMaran Petroleum Announces Results
ShaMaran Petroleum has announced its financial and operating results for the three and nine months ended September 30, 2017. (Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars). HIGHLIGHTS AND DEVELOPMENTS Operations Oil production on the Atrush Block commenced in July 2017. Atrush […]