The Geopolitics of Energy, and Impacts on Iraq's Petroleum Sector
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. This is a summary of a PowerPoint presentation prepared for and to be delivered before the international “8th Turkey Energy Summit Congress”, held at Antalya, Turkey, 10-11 October 2017. The presentation was […]
Petrofac in Kurdistan Deal with Gazprom Neft
Petrofac has secured a three-year master services agreement (MSA) to support Gazprom Neft Middle East B.V. with the provision of engineering services on a call-off basis for the Garmian field in the Kurdistan region of Iraq. The MSA was secured following a competitive tendering process and augments Petrofac’s extensive footprint in Iraq, where it has […]
Chevron, Total interested in Majnoon oilfield
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has reportedly said that Chevron and Total have expressed interest in developing the Majnoon oilfield. Oil giant Shell is trying to sell its stake in the field following a failure to reach agreement with Iraq’s Ministry of Oil. Reuters quotes the Minister as […]
Iraq asks Turkey and Iran to Close Borders with Kurdistan
Iraq has sent an official request to both Turkey and Iran to close all border posts with the Kurdistan Region until the latter hands them over to the federal government in Baghdad. “The Foreign Ministry submitted an official memorandum to the embassies of Turkey and Iran in Baghdad a week ago that included a formal […]
Stabilization in Mosul: 300 Projects Underway
Stabilization in Mosul: 300 projects underway and 10,000 people put to work Three years of ISIL occupation and fierce fighting to retake the Mosul caused widespread destruction. In 10 months, nearly one million Iraqis fled the city. 700,000 are still displaced. Mosul is one of the largest stabilization challenges the people of Iraq and the […]
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 […]
Anbar Locals Warn Against Re-Opening Border Crossing
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. Locals in Anbar celebrated when an important Iraqi-Jordanian border crossing was recently reopened. But the drivers who use it say many areas are still too dangerous to pass through. When […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th Oct 2017). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD759 (-1.4%) / $778 (-1.4%) (weekly change) (-21.0% and -17.8% YTD change, respectively). The number of week traded […]
Iraq to send Gas to Kuwait for Gulf War Compensation
By John Lee. Kuwait's Oil Minister, Essam Al-Marzouq, has said his government has agreed to receive natural gas from Iraq in part payment of it Gulf War reparations. According to a report from BasNews, Iraq will initially send 50 million cubic meters of natural gas (per day?), later increasing to 200 million cubic meters; KUNA […]
Al-Abadi meets French President Emmanuel Macron
At the beginning of the meeting, the French President welcomed the Prime Minister, stressing the great interest in this visit and expressed the common desire of the two countries to develop friendly relations and cooperation. He also congratulated the victories achieved by the Iraqi forces and the success achieved by Iraqis in liberating their country. […]
Video: Civilian Cost of Takeover of Last IS-held Towns
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Prime Minister Haider al-Abadi says his military has retaken Hawija from ISIL. It is the main town in one of the last two Iraqi enclaves still partly held by ISIL fighters, and […]
Abadi meets French Business Leaders
By John Lee. Iraqi Prime Minister Dr. Haider Abadi has visited the headquarters of the largest French employers organization in Paris and held a meeting with the heads of 25 major French companies. The Mouvement des Entreprises de France (MEDEF) has more than 750,000 member firms, 90 percent of them being small and medium enterprises […]