The Kurdistan Regional Government (KRG) has published its monthly export report for November 2015. The KRG exported 18,023,075 barrels of crude oil (an average of 600,769 barrels per day (bpd)) in the month of November through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed […]
APR Energy, which describes itself as "a global leader in fast-track power solutions", announce on Wednesday that it has signed extensions of its power generation contracts in Iraq and Angola. The Company's contract extension in Iraq is for a one-year term, and runs through 2016. The power plant has been in operation since 2012 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 today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter, bomber, and remotely […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The debate is intensifying about foreign nations contributing to a ground force to combat ISIL in Iraq. Prime Minister Abbadi says his forces are able to push ISIL fighters out alone, but there […]
Gulf Keystone Petroleum (GKP) has announced that Cuthbert ("Cuth") McDowell and Keith Lough have been appointed to the Board as Non-Executive Directors with immediate effect. Jón Ferrier, CEO, has also been appointed to the Board with immediate effect. Cuth McDowell Having read Technological Economics at Stirling University, Cuth (59) began his career in 1979 at […]
Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met on Monday with Hans Nijkamp, the head of Shell in Iraq. and his entourage. The meeting was also attended by the deputy oil ministers, the directors general of the ministry, and representatives from the Basra Gas Company (BGC). The Minister said that Iraq is keen to […]
In a ceremony in Baghdad today, Sweden signed a US$4 million agreement with the United Nations Development Programme (UNDP) to support stabilization in newly liberated areas of Iraq. The contribution, provided to UNDP’s Funding Facility for Immediate Stabilization (FFIS), will help thousands of people as they try to restart their lives in areas which have […]
More people have been forced to flee from Ramadi, capital of Al Anbar Governorate in central Iraq, after violence broke out between Iraqi forces and Daesh in November. Many have crossed the River Euphrates in search of refuge in camps to the west of Iraqi capital Baghdad. MSF has launched an emergency logistics and medical […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's foreign ministry has summoned the Turkish ambassador to Baghdad to protest against the deployment of Turkish forces near the northern Iraqi city of Mosul and demand their immediate withdrawal. Al Jazeera's Imran […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Service Contracts Vs Production Sharing Contracts Revisited Debating the performance of the service contracts and viability of production sharing contracts as alternative seems to reenergizes lately among Iraqi professionals; this is prompted […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has called on Turkey to immediately withdrawal Turkish troops operating in the country's north, saying the deployment was a violation of Iraqi sovereignty, the prime minister's office said on Saturday. Al Jazeera's […]
By John Lee. The international airports at Erbil (pictured) and Sulaymaniyah have been closed due to Russian aerial operations against Islamic State (IS, ISIS, ISIL) militants in Syria, according to a report from BasNews. Iraqi aviation authorities told the airports to close on Sunday evening for 48 hours -- flights are scheduled to resume on […]
