By John Lee. Iraq has reportedly approached PetroChina and ExxonMobil about investing in a multi-billion dollar project to help boost output from a number of smaller southern fields. The Deputy Chairman of the South Oil Company (SOC), Basim Abdul Kareem, told Reuters that the "Integrated South Project" consists of building oil pipelines, storage facilities and […]
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 […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported on Sunday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter […]
According to casualty figures released today by UNAMI, a total of 980 Iraqis were killed and another 1,244 were injured in acts of terrorism, violence and armed conflict in December 2015*. The number of civilians killed was 506 (including 18 federal police, Sahwa civil defence, Personal Security Details, facilities protection police and fire department), and […]
By Simon Kent. When Coalition aircraft began targeting ISIS oil operations last year, they did so under strict rules of engagement that were designed to minimize civilian casualties: many of those transporting the oil were deemed civilians trying to earn a living under ISIS rule. Tactics in the early days of the Tidal Wave II […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th Dec 2015). Note: ISX will be closed during December 28, 2015 - January 2, 2016 due to the end-of-year closing operations. The next session will be held on Sunday, January 3, 2016. Please click here to download a table of listed companies […]
By Simon Kent. Iraq's southern oil exports remained close to their recent record of 3.37 million bpd, which was hit in November, Reuters reports. Possibly lessened by several days of maintenance work at the Single Point Moorings at the Basra terminals, the figures for December were slightly lower, at 3.27 million bpd. This closes a good year […]
By Simon Kent. Iraqi PM Haider al Abadi (pictured) has thanked the role that the British Royal Air Force played in supporting Iraqi troops during the battle of Ramadi. Iraq's western city of almost half a million people fell to ISIS, also known as Daesh, in May this year. The defeat for Iraqi forces was a […]
The Annual Forum of the UK's Al-Kindi Society for Engineers takes place in London on Saturday 9th January, and it promises to be an essential event for all in the industry. Chaired by Dr. Subhi Al-Azzawi and Dr. Caecilia Pieri, the Forum will address the topic of Iraq Architecture and Planning, and will include speakers […]
By Mona Alami for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Islamic State’s control over large swaths of land in Iraq and Syria is slowly diminishing, as it is being aggressively pummeled by local and international forces, such as Kurdish and Iraqi […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi soldiers are combing the city of Ramadi for bombs after declaring it liberated from the Islamic State group in a landmark victory against the jihadists.
Since its launch in March 2014, cumulative production of Iraq’s West Qurna-2 field, operated by PJSC LUKOIL, has exceeded 30 million tonnes of oil. On December 24, 2015 LUKOIL achieved its annual production target for the West Qurna-2 field in full: 20 million tonnes of oil were produced since the beginning of the year. As […]
