Reforming and Transforming SOMO
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Reforming and Transforming SOMO This analysis was presented via Skype Conference to the management and staff of Iraq's State Oil Marketing Organization (SOMO) on 12th December 2017: Please click here to download […]
Iraqi, Turkish Investors eye Iranian Petrol Stations
By John Lee. Private investors from Iraq and Turkey have reportedly held preliminary negotiations with Iran to expand and modernize its fuel stations. According to a report from Petrol Plaza, there are 3,600 fuel stations and 2,400 compressed natural gas (CNG) stations in Iran which need renovation and investment. To date, more than 250 state-controlled […]
Iraq Falls in Ease of Doing Business Index
By John Lee. Iraq has been ranked 168th out of 190 countries in the World Bank‘s recent Doing Business 2018 report, down from 165th place the previous year. Despite the fall in the rankings, the report notes that over the previous year Iraq simplified the process of starting a business by combining multiple registration procedures […]
Generous German Funding helps Vulnerable People in Iraq
The Federal Foreign Office of Germany has generously donated EUR 30 million (USD 34.8 million) to the Iraq Humanitarian Fund (IHF), a pooled fund led by the Humanitarian Coordinator and managed by OCHA. “We are deeply grateful to the German Government and the German people for this very generous contribution,” said the Humanitarian Coordinator for […]
Modernization of Public Administration "is KRG priority"
KRG Prime Minister Nechirvan Barzani inaugurated the new building of Kurdistan Institute of Public Administration (KIPA) on Tuesday. In a speech, Prime Minister Barzani stated, he hopes that KIPA “will continue to work diligently to provide the much needed services of building the capacities of Kurdistan Regional Government’s civil servants.” Below is the transcript of […]
KOGAS Recoups Investment in Zubair
By John Lee. The state-owned Korea Gas Corporation (KOGAS) has said that it has recouped its $2.49 billion investment in the Zubair oil field in southern Iraq. According to a report from Yonhap, the company has recovered $2.53 million as of December, which exceeds its initial outlay. The oilfield is currently producing around 360,000 barrels […]
Iraqi Encourages French Companies to Invest
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has hosted a meeting in Baghdad with the French Minister of State for Foreign Trade, Jean-Baptiste Lemoyne, confirming the significance of the economic and financial relations between the two countries. Both sides expressed hopes for major cooperation in all sectors, including oil, industrial, agricultural, commercial, […]
New Report: Iraqi Security Forces, Popular Mobilization Forces
By John Lee. The Institute for the Study of War has issued a new report -- Iraqi Security Forces and Popular Mobilization Forces: Orders of Battle -- in which it claimes that the liberation Daesh's urban holdings in Iraq was necessary but not sufficient to secure America’s vital national interests. It says ISIS has lost […]
New Career Opportunities in Iraq
By John Lee. The United Nations has advertised new positions in Iraq: Special Assistant, Political Affairs, United Nations Assistance Mission for Iraq (UNAMI) Risk Manager, Terre des hommes Evaluation Methodologist, International Business & Technical Consultants, Inc. (IBTCI) Public Administration and Good Governance Specialist, International Business & Technical Consultants, Inc. (IBTCI) Logistics Coordinator, Triangle Génération Humanitaire […]
New Career Opportunities in Iraqi Kurdistan
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Capacity Building Project Manager, Triangle Génération Humanitaire (TGH) Project Manager Communication with Communities, Agency for Technical Cooperation and Development (ACTED) Project Development Intern, Agency for Technical Cooperation and Development (ACTED) Country Transparency and Compliance Officer, Agency for Technical Cooperation and Development (ACTED) […]
Inherent Resolve Strikes Target ISIS in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria over the last three days, conducting 14 strikes consisting of 27 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the most recent strikes, noting that assessments of results are based on initial reports. […]
DNO Steps Up Production at Peshkabir Field
DNO ASA, the Norwegian oil and gas operator, today announced a tripling of production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 15,000 barrels of oil per day (bopd) following completion of the Peshkabir-3 well testing, stimulation and cleanup program. A total of 11 zones in a 1.2 […]