By John Lee. Avangardco, the largest producer of shell eggs and dry egg products in Ukraine and number one producer in Europe, has blamed a sharp decrease in exports on the "unstable situation in Iraq". In its results statement for the first quarter of 2016, the company said: "... exports of shell eggs decreased by 31% […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq 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 Bomber, attack, fighter, and […]
The Ministry of Natural Resources (MNR) of the Kurdistan Regional Government-Iraq (KRG) invites expressions of interest from qualified international mining companies for the ‘Mineral Exploration & Investment in the Kurdistan Region-Iraq’. According to the available data, historical reports, and recent investigations, the MNR has identified 7 prospective blocks for investment. All 7 blocks are believed […]
By John Lee. AECOM Technical Services has been awarded a $52,805,043 firm-fixed-price contract for architectural and engineering services to repair the bottom outlet of the Mosul Dam, Iraq. Bids were solicited via the Internet with one received, according to a statement from the US Department of Defense. Work will be performed in Iraq with an […]
WesternZagros Receives Approval for Garmian Field Development Plan and Submits Kurdamir Field Development Plan WesternZagros Resources has announced the approval of the Garmian Block Field Development Plan ("FDP") from the Kurdistan Regional Government ("KRG") and the submission of the Kurdamir Block FDP. Garmian Block Field Development Plan Approval WesternZagros and its co-venturer, Gazprom Neft Middle […]
Shares in Gulf Keystone Petroleum (GKP) were trading down 4 percent on Wednesday despite an announcement that the company had secured a two-week extension of its standstill agreement with its bondholders: Further to the Company's announcement of 20 May 2016, Gulf Keystone announces today that, as discussions with the Ad Hoc Committee of holders of […]
By John Lee. Iraq's Ministry of Oil has issued a statement denying media reports that it is going on to export 5 million additional barrels of crude oil in June: "The ministry confirmed that it is committed with the monthly available exportation quantities for June, which will be the same as the previous months, as […]
A total of 867 Iraqis were killed and another 1,459 were injured in acts of terrorism, violence and armed conflict in Iraq in May 2016*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The number of civilians killed in May was 468 (including 19 federal police, Sahwa civil defence, […]
By John Lee. Iraq plans to supply an additional 5 million barrels of crude oil to its partners in June, according to industry sources cited by Reuters. The country joins other Middle East producers in attempting to increase market share ahead of an OPEC meeting in Vienna later this week. Iraq had already been targeting […]
An appeal to provide vital food supplies to thousands of Iraq’s Internally Displaced People (IDPs) is being launched by the AMAR International Charitable Foundation. Iraq now has 3.4 million IDPs and many families are going hungry, struggling to cope with the loss of their homes and livelihoods after being forced to flee following the Daesh/ISIS […]
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, fighter, ground attack […]
By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. May 17 was another bloody day for Baghdad. Terrorists targeted Sadr City in eastern Baghdad, al-Shaab district in northern Baghdad and al-Rasheed neighborhood in southern Baghdad with explosive belts and car bombs, killing and […]
