By John Lee. AccuWeather reports that a slow-moving storm system will lead to flash flooding from Iraq and western Iran into Saudi Arabia and Yemen on Wednesday and Thursday. Rainfall of 12-25 mm will be common with locally higher amounts in the strongest thunderstorms. Areas such as Baghdad and Basrah will get multiple downpours. (Source: […]
The UN warns that civilians in Fallujah are at extreme risk and need urgent help The United Nations is receiving reports that humanitarian conditions in Fallujah are worsening and human suffering increasing. Under control of the Islamic State of Iraq and the Levant (ISIL) since early 2014, civilians are at extreme risk. With the siege […]
By John Lee. An Iraqi couple have been arrested and charged with forcing an Indonesian woman to work in their California home for up to 18 hours a day without pay. The victim was rescued from the home after providing a note to a visiting nurse, asking for help. Firas Majeed (aka Firas Ghazi Majeed […]
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. Fighting A Hidden Enemy: Meeting Iraqi Kurdistan’s ‘Million Mine Man’, Who Will Defuse Until He Dies A 53-year-old local of Halabja has been defusing mines for over 27 years. Despite […]
By John Lee. The head of Iraq’s State Oil Marketing Organization (SOMO) has said the world’s major oil producers must agree to freeze production, in order to shore up flagging oil prices. Falah Alamri said: “They should do this deal as this is the only way to support the oil price ... Everybody needs it […]
By John Lee. Kuwait Energy has announced the signing of an Export Oil Sales Agreement for its Block 9 project in Iraq. The agreement, signed between a consortium led by Kuwait Energy plc and Iraq's State Oil Marketing Organization (SOMO) puts in place the mechanism by which Kuwait Energy will be paid for services in […]
By John Lee. Associated Press reports that Iraq's parliament has delayed a vote on Prime Minister Haider al-Abadi's new technocrat cabinet. The reduction from 21 cabinet ministers to 16 was met with opposition from Iraq's powerful political blocs, which rely on patronage systems to remain in power, with several nominees withdrawing. He left ministers of […]
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 20.11 million from the Kurdistan Regional Government for March crude oil deliveries to the export and local markets from the Tawke field under the payment arrangement announced earlier this year. The funds, to be shared pro-rata by DNO and partner Genel Energy […]
IBBC Women’s Group Roundtable: Judge Marilyn Mornington on Women in the Workplace The Iraq Britain Business Council (IBBC) Women’s Group held its first roundtable with District Judge Marilyn Mornington as the key note speaker. The event was held at G4S offices in Victoria on the 7th April and was attended by representatives of member universities […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack aircraft conducted four […]
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $19.88 million from the Kurdistan Regional Government ('KRG') for oil sales during March 2016. Genel's share of the gross Taq Taq payment is $10.93 million. As agreed with the KRG, sales into the local market and deliveries to the […]
A senior Iranian oil official said the country has started pumping gas into a pipeline that the Islamic Republic plans to use for exports of natural gas to Iraq. “The pipeline is complete on the Iranian side and will be soon inaugurated by senior Iranian officials to start pumping gas into Iraq,” Managing Director of […]
