GKP Trims Losses
Gulf Keystone Petroleum (GKP) has announced its results for the year ended 31 December 2016, which show reduced losses for the period: Highlights to 31 December 2016 and post reporting period Operational: Gulf Keystone's operations in the Kurdistan Region remained safe and secure throughout 2016. Plant uptime (at PF-1 and PF-2) of over 98%, once […]
Oil Minister meets PetroChina
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi] has met with the president of PetroChina in the Middle East, Mr. Shu Jian Fing, and his entourage. They discussed the development of the oil industry in Iraq, and plans to raise and investment and production of gas at the Halfaya field in Maysan province. (Source: […]
Official Launch of Dhi Qar Oil Company (DQOC)
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi] has officially launched the new Dhi Qar Oil Company (DQOC) [Thi-Qar Oil Company]. At a ceremony in Nasiriya, the Minister said he is working to develop the Nasiriya oil field and the other exploratory blocks and fields in the region, and called on international companies […]
Currency Auction Results, 6th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 33 banks and 11 remittance companies took part in its currency auction on Thursday. A total of $162,242,266 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq Plans to Raise Oil Output to 5m bpd
Iraqi Oil Minister Jabar al-Luaibi has stated that Iraq has plans to increase oil output to five million barrels per day (bpd). Speaking at the Iraq Energy Forum in Baghdad, Luaibi said the ministry will “seriously try to develop oil production in the country”. “We need to progress the energy infrastructure and we have worked […]
Interview with Shawki Al-Khalisi, Arab Petroleum Training Institute
Ahead of the 11th edition of the Iraq Petroleum Conference in May, the CWC Group Director Nawar Abdulhadi interviews one of the key speakers of this year’s event, Mr Shawki Al-Khalisi, Head of Studies, Arab Petroleum Training Institute, OAPEC, Ministry of Oil, Federal Government of Iraq. Mr Al-Khalisi shares with us his views on the […]
Iraq to supply Kuwait with Gas soon
Oil Minister Jabar Ali al-Luaibi [Allibi] has stated that his country will soon complete a project for supplying gas to Kuwait in line with an earlier agreement hammered out between both sides. The minister made the remark during the third Iraq Energy Forum held in Baghdad, lauding good cooperative relations between Iraq and Kuwait. "Iraq […]
Iraqis, Coalition Have Adapted, Continue Attacking ISIS
Iraqi and coalition forces will learn from the civilian casualty incident of March 17 and continue to support Iraqi forces taking the fight to the Islamic State of Iraq and Syria in Mosul, the chairman of the Joint Chiefs of Staff said today. Marine Corps Gen. Joe Dunford spoke to reporters enduring the return leg […]
Head of DFR discusses humanitarian situation with WFP
The Head of the KRG Department of Foreign Relations, Falah Mustafa, received a United Nations World Food Programme (WFP) delegation that included Celebrity Partner for UNWFP for Iraq, Ms. Suhair Al-Qaisi, and Head of the Erbil Office Moayad Hameidi. In the meeting Minister Mustafa appreciated the role Ms. Al-Qaisi is playing in supporting, helping the […]
Inherent Resolve Strikes Target ISIS in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition military forces conducted 15 strikes consisting of […]
Currency Auction Results, 5th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 36 banks and 11 remittance companies took part in its currency auction on Wednesday. A total of $159,376,527 sold at a price of 1184 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Iraq: Confidence is in the Air
At a major Iraqi business event on Monday, there was a strong sense that Iraq's fortunes are turning a corner, with the Islamic State group (IS, ISIS, ISIL, Da'esh) on the retreat, and substantial export funding newly available for projects in the country. More than 250 delegates attended the Iraq Britain Business Council (IBBC)'s Spring […]