By John Lee. The Korea National Oil Corporation (KNOC) is to withdraw from the Sangaw South oil field project in Iraqi Kurdistan. A spokesman for the company told Reuters that exploration results were "uneconomic." A Korean consortium headed by KNOC holds 60 percent of the project, with half of that owned by KNOC. KNOC has […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for August 2016. During the month it exported 412k bpd from the Turkish port of Ceyhan, down from the previous month’s figure, at an average price of $32.44 per barrel, bringing in revenue of $414 million. Please click here to view or […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st Sept 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ740 (-1.1%) / $745 (-1.1%) (weekly change) (-32.1% and -35.0% YTD change, respectively). The number of week traded […]
By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Multimedia Assistant, United Nations Development Programme (UNDP) Forensic Archaeologist, International Commission on Missing Persons (ICMP) Partnership Development Coordinator, GOAL (Source: UN)
By John Lee. The United Nations has advertised new positions in Iraq: Website Development and Database Management, United Nations Development Programme (UNDP) Monitoring and Evaluation (M&E) Specialist, United Nations Development Programme (UNDP) International Consultant as Gender Expert for the Disaster Risk Reduction and Environment Project, United Nations Development Programme (UNDP) Communications Officer (National Position), Norwegian […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Saturday, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter, and […]
By John Lee. Trading sources have told Reuters that Baghdad's State Oil Marketing Organization (SOMO) and Kurdistan have resumed joint exports of crude oil from the giant Kirkuk oil field. The field normally delivers 150,000 barrels per day via the Turkish port of Ceyhan (pictured). Exports have been suspended since March in a dispute over […]
The U.S. Embassy in Iraq has announced the arrival of the Honorable Douglas A. Silliman as the new Ambassador Extraordinary and Plenipotentiary of the United States of America to the Republic of Iraq. Ambassador Silliman arrived in Iraq on September 1, 2016. He met with His Excellency Foreign Minister Ibrahim al-Jaafari and presented his credentials […]
KRG Minister of Foreign Relations concluded a three-day visit to the Republic of Korea. The aim of the visit, which was upon the invitation of the Korean Ministry of Foreign Affairs, was to review the existing cooperation and exchange views on further broadening bilateral ties. In his visit to the Korean National Defense Ministry, Minister […]
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. After Babylon, Borsippa has its eye on World Heritage List As preparations continue to have Babylon recognized by the UNESCO World Heritage List in 2017, the city of Borsippa, […]
By John Lee. Iraq’s crude oil exports from its southern ports rose to 3.230 million bpd in August, compared with 3.202 million bpd in July, according to the Ministry of Oil. Revenues for the month hit $3.93 billion, giving an average selling price of $39.248 per barrel. (Source: Ministry of Oil)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Falling oil prices over the past year has caused a cash crisis in oil producing countries, including Iraq. The fall in oil revenue has exacerbated a political disagreement between federal government leaders in […]
