From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The US will join with Canada, Germany and Japan to co-host a Pledging Conference in Washington, DC in support of humanitarian programmes in Iraq. The UN says $861mn dollars is needed, but just […]
UNDP partners with a Canadian non-profit institution to advance Iraq’s crises management ability The United Nations Development Programme (UNDP) and the Canadian non-profit Institute on Governance (IoG) signed a partnership agreement in Baghdad that aims at advancing Iraq’s crises management ability. Accordingly, UNDP will support IoG to implement Fiscal Federalism, Decentralization and Resilience Building Project, […]
By John Lee. Iraq's Ministry of Oil quotes a report by Rystad Energy as saying that Iraq has the world's third-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. […]
By John Lee. A report from Canada's National Post sheds some light on the seizure of more than $7-million worth of Iraqi dinars on the US-Canadian border. According to the article: There is a strange, underground allure to Iraqi money, particularly in the United States, where a mélange of conspiracy theory, shaky geopolitical ideas and […]
Minister Falah Mustafa and President of Institute on Governance discussed ways of advancing better governance in Kurdistan and consolidating federal system in Iraq. The president of the Institute, Ms. Maryantonett Flumian, briefed Minister Mustafa on the mission of the institute, which is advancing better governance in the public interest by exploring, developing and promoting the […]
By Simon Kent. Recently elected Canadian PM Justin Trudeau has announced a plan to increase the number of training personnel working with Kurdish Peshmerga in Northern Iraq. The number of Canadian advisers and trainers currently stands at 69. The announcement comes after Trudeau pledged to end Canadian air support to Iraqi forces fighting the so […]
By John Lee. In his first news conference following the Liberal victory in federal elections, Canada's new prime minister designate Justin Trudeau (pictured) has confirmed that Canada will withdraw its fighter jets from Iraq and Syria. He did not set out a timeline for the withdrawal. Canada currently has six CF-18 fighter jets taking part […]
WesternZagros Resources has announced its production of light oil in the Kurdistan Region of Iraq averaged approximately 5,000 barrels per day in the third quarter. As previously disclosed, operatorship of the Garmian Block was to transition from WesternZagros to Gazprom Neft Middle East B.V at the end of the exploration period for the block pursuant […]
By John Lee. In its Interim Statement for period ended 30 June 2015, Irish-based Petrel Resources issued the following update on its operations in Iraq: "Our third theatre of activities is Iraq, where we have had a presence for 18 years. The original Petrel interest was in Block 6 in the Western Desert between Baghdad […]
Canadian-based ShaMaran Petroleum and TAQA, the Abu Dhabi National Energy Company, are in dispute regarding the Atrush block in Iraqi Kurdistan. In a statement to the markets on Monday, ShaMaran said that its wholly owned subsidiary, General Exploration Partners (GEP), has received a Default Notice from TAQA Atrush B.V., the Operator of the Atrush Block, […]
Canada's SNC-Lavalin has announced the award of a contract to Kentz, a member of the SNC-Lavalin Group, by ExxonMobil, for a new oil processing facility to increase production at its West Qurna 1 oil field in Iraq. Kentz, with its regional partner, is providing the front-end engineering design (FEED), detailed design engineering, procurement, fabrication, construction, […]
By John Lee. Australian wheat was reported to be offered at the lowest price, in a tender for at least 50,000 tonnes of hard wheat for the Iraqi Grain Board. The tender closed on Sunday and offers must remain valid up to Thursday, according to Reuters. Australian wheat: 50,000 tonnes at $231.70 a tonne c&f free […]
