Japanese Loan Boosts Output at Hartha Power Station
Unit No.4 of the Hartha Thermal Power Station has re-started operations and is supplying 200MW of electricity to the grid, following rehabilitation works funded with the Japanese ODA loan. A completion ceremony was held on 7th September, attended by Mr. Adel Kadhim Jaryan, Deputy Minister of Electricity, Representatives of Basra Governorate, officials of Ministry of […]
Interview with Ali Fares: Overview of the Opportunities
Ahead of the international Basra Oil, Gas & Infrastructure 2017 Conference which CWC Group hosts annually with the Basra Governorate, the Basra Council and the Basra Oil Company, Nawar Abdulhadi, MENA Director for CWC Group interviewed Mr Ali Shadad Al Fares, Chairman of the Oil & Gas Committee at the Basra Council. Mr Ali Fares […]
Genel Energy Appoints New Directors
By John Lee. Genel Energy announces that Tim Bushell and Martin Gudgeon have been appointed as independent Non-Executive Directors of the Company with immediate effect. Mr Bushell is a qualified geologist with over 35 years' experience working in the oil and gas sector. He is currently on the Boards of Petro Matad, Rockhopper Exploration, and Point […]
Sonangol to Transfer Iraqi Oil Fields?
By John Lee. A recent report suggests that, in the uncertainty following the recent Angolan election, the Iraqi assets of the state-owned oil company Sonangol are in play. Writing in Seeking Alpha, Jay Currie says the the Najmah and Qaiyarah [Qayara] oil fields may be transferred to Russian service company Eurasia Drilling, and questions the […]
Coalition Strikes Target ISIS Terrorists in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Friday, conducting 43 strikes consisting of 47 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, […]
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's Reconstruction Costs put at $150bn
Reconstruction in Iraq could cost nearly $150 billion covering areas damaged by the war over the past three years, an Iraqi newspaper reported on September 7. The World Bank has made a preliminary assessment of rebuilding costs at the request of Iraq's Reconstruction Fund for Areas Affected by Terrorist Operations, according to the Arabic language […]
Moscow, Baghdad discuss Moving Russian Embassy
Moscow is holding negotiations with Iraqi authorities on the possibility of moving the Russian embassy, which currently occupies a building in Baghdad’s Mansour district, to a safer area of the Iraqi capital city, local media reported, citing a Russian diplomatic source. "The negotiations to provide Russia with a new site for the embassy in Baghdad […]
Facebook "Fraying Families and Tradition In Iraqi Kurdistan"
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. The annual holiday of Eid is usually an occasion to take a break, visit family and exchange gifts. In the semi-autonomous northern region of Iraqi Kurdistan, locals prepare by buying […]
DNO Joins ExxonMobil on Baeshiqa License
DNO ASA, the Norwegian oil and gas operator, today announced an agreement with ExxonMobil to join the Baeshiqa [Bashiqa, Bashika] license in the Kurdistan region of Iraq. DNO will assume operatorship of the license with a 40 percent paying (32 percent net) interest, acquiring one-half of ExxonMobil's position. ExxonMobil retains a 40 percent paying (32 […]
6,000 Jordanian Trucks ready to use Trebil Crossing
The head of the Jordanian truck owners Mohammed Khair al-Daoud said on September 7 that about 6,000 trucks are currently at high readiness and are ready to transport goods to Iraq through the Trebil crossing. Al-Daoud said in a statement to the Jordanian newspaper “Al-Rai”: “... the Association of truck owners held several meetings with […]
Inherent Resolve Strikes Target ISIS in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 16 strikes consisting of 30 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, […]