Details of Latest Airstrikes in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 37 strikes consisting of 107 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
Oil Production Starts at Atrush Block
By John Lee. The Abu Dhabi National Energy Company PJSC (TAQA) has started oil production at its Atrush Block in the Kurdistan region of Iraq. Oil started flowing through the Atrush Central Processing Facility on 3rd July which has the capacity to handle up to 30,000 barrels of oil per day. The TAQA-operated Atrush Block […]
Oil Ministry Declares its Final Exports for May
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for May of 101.1 million barrels, giving an average for the month of 3.261 million barrels per day (bpd), slightly more than the 3.253 bpd exported in April. Exports from the southern terminals totalled 100.4 million barrels, with 700,000 barrels exported from Kirkuk. Revenues for […]
Canada Orders Seizure of Tanker carrying Kurdish Oil
By John Lee. A Canadian court has reportedly ordered the seizure of a cargo of crude oil from the Kurdistan Region of Iraq (KRI). The Iraqi Oil Ministry requested the seizure of the 721,915-barrel cargo on the "Neverland" oil tanker claiming that it has been unlawfully misappropriated by the Kurdistan Regional Government (KRG). The move […]
GKP confirms Shaikan Payment
By John Lee. Gulf Keystone Petroleum (GKP) confirmed today 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 March 2017. (Source: Gulf Keystone)
Strikes Continue in Effort to Defeat ISIS
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 25 strikes consisting of 85 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]
A review of the Iraqi Equity Market for June
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The equity market, as measured by the RSISUSD index, ended an Eid-shortened month on June 22nd, down -3.5% following the pattern set during the […]
Oil Exports Up Slightly in June
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for June of 98,178,370 barrels, giving an average for the month of 3.273 million barrels per day (bpd), slightly more than the 3.261 bpd exported in May. Exports from the southern terminals totalled 97,500,000 barrels, with 677,413 barrels exported from Kirkuk. Revenues for the month […]
SPX Flow forms New Business in Iraq
By John Lee. United States-based SPX Flow is reported to be setting up a joint venture with Al Wajdi Group (WTE) to service rotating and static equipment, including pumps, for oil and gas, industrial and power customers in Iraq. According to World Pumps, SPX Flow & WTE Energy Industrial Services FZCO will have offices in […]
US Firm Wins $21m Iraq Defense Contract
By John Lee. Massachusetts-based American Science and Engineering (AS&E) has been awarded a $20,965,958 firm-fixed-price foreign military sales contract to provide a repair parts package for the sustainment of Iraqi-owned Z-Backscatter vans with low-energy, non-intrusive inspection equipment screening systems. One bid was solicited and one bid received. Work will be performed in Billerica, Massachusetts, with […]
More than 400 Iraqi Civilians Killled in June
A total of 415 Iraqi civilians were killed and another 300 injured in acts of terrorism, violence and armed conflict in Iraq in June 2017*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in June (not including police) was 411, while the number of […]
Coalition Strikes Hit ISIS Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, conducting 19 strikes consisting of 63 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday's strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, […]