By John Lee. Gulf Keystone (GKP) has confirmed today that a gross payment of $15.0 million has been received from the Kurdistan Regional Government (KRG) for Shaikan crude oil export sales in July 2016. The company said in a statement that it and the KRG's Ministry of Natural Resources (MNR) continue to work towards agreeing […]
By John Lee. Iraqi Airways has announced that it has added two new routes to Iran and Turkey. A route between Najaf to Isfahan will be operated by Boeing 737 and CRJ900, while one between Sulaymaniyah to Istanbul Ataturk will be operated by a Boeing 737. Each route will be served twice a week. (Source: […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Authorities installed bomb-detecting equipment after more than 320 people were killed in July in Baghdad’s Shia-Christian area of Karada. But residents say security measures aren't working and bombings continue to rock the neighbourhood. […]
For the first time in more than two years, the United Nations food relief agency has distributed urgently-needed food for people in and around the northern Iraqi town of Shirqat, which was under siege and cut off from humanitarian access from 2014 until earlier this month. “Families in Shirqat are in a desperate need of […]
By John Lee. Fox Business reports that Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy. The company, which he founded in 2011 with financier Nat Rothschild, has become the biggest oil and gas producer in Iraqi Kurdistan. A company spokesman said that no decision has […]
A new Funding Facility for Economic Reform is being established to accelerate reforms in the Kurdistan Region The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER). FFER will be used to […]
About 600 American troops will be deployed to Iraq to further enable local security forces as they prepare to retake the key Iraqi city of Mosul from the Islamic State of Iraq and the Levant, Defense Secretary Ash Carter said on Wednesday. In a statement, the secretary said in anticipation of the Mosul fight, the […]
Human rights campaigner and leader of the Organization of Women’s Freedom in Iraq (OWFI), Yanar Mohammed (55), has been awarded the 2016 Rafto Prize for her work on behalf of women and minorities in war-torn Iraq. The Rafto Prize is awarded annually to individuals or organizations that have distinguished themselves in their work for human […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported on Wednesday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]
By Madeleine White Reflections on Trade+ Impact summit, in Ifrane, Morocco 19-23rd September 2016 Madeleine is co-founder of Nina magazine, Impact director of Enterprise development NGO Challenges Worldwide (a founder member of the Access to Finance for Rural Enterprise (ACRE) consortium). Madeleine contributed to discussions around the importance of impact investment and social enterprise within wider economic […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Remarks on the Second Amendment of Oil Refining Investment Law 64 of 2007 The Second Amendment of Oil Refining Investment Law has specific very serious flaws, and should be either rejected or […]
By John Lee. Genel Energy has announced that the Taq Taq field partners have received a gross payment of $23.37 million from the Kurdistan Regional Government ('KRG') for oil sales during July 2016. Genel's net share of the payment is $12.85 million. The payment reflects full settlement of the invoiced amount for July 2016 oil […]
