By John Lee. The Prime Minister Dr. Haider Al-Abadi chaired a meeting of the Ministerial Committee on Energy (pictured) on Monday. The meeting discussed the status of power supply and the importance of working to improve it, including a proposed project for 400 KV electric transmission lines on deferred payment basis; a program of maintenance, […]
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Ismail (pictured), has said that he expects Iraq’s foreign currency reserves to total about $60 billion by the end of the year. According to the report from Bloomberg, that is higher than the International Monetary Fund (IMF) predicts, and sufficient to […]
An International Monetary Fund (IMF) mission led by Christian Josz visited Amman from November 1–10, 2015 to discuss a Staff-Monitored Program (SMP) with the Iraqi authorities. At the end of the visit, Mr. Josz issued the following statement: “Iraq continues to face a number of challenges. Key among those is the ongoing armed conflict with […]
The Kurdistan Regional Government (KRG) has published its monthly export report for October 2015. KRG exported 18,461,357 barrels of crude oil (an average of 595,528 barrels per day (bpd)) in the month of October through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by the KRG contributed […]
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 Tuesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber, fighter, attack, […]
UNDP's New Resilience Agenda will help to give options to displaced Iraqis and refugees A new Resilience Agenda has been adopted at the high level Resilience Development Forum on 8 and 9 November in Dead Sea, Jordan attended by delegations from Iraq, Jordan, Lebanon, Egypt, Turkey and Syria. The pathbreaking Resilience Agenda presents five key […]
Iraq Business News is delighted to bring you the latest major new guide to business in Iraq. Published by Allurentis, in association with Iraq’s National Investment Commission (NIC) and UK Trade Investment (UKTI), the sixth edition in the annual New Iraq series - The New Iraq: 2015/2016 Discovering Business - contains a wealth of case studies, commentary and data; […]
Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in the development of emerging energy markets. A much anticipated forum, FEF is spearheaded by William Wakeham and Leanne Case, both of whom are leading experts on critical […]
By John Lee. Iraq's deputy minister of gas affairs, Hamed Younis Saleh al-Zoba'ei, and Hillal Ali Ismaeel Mushtaq, Iraq's director of general of studies, conducted a three-day tour of North Dakota last week, visiting gas-processing facilities and meeting with state and industry leaders. Julio Friedmann, the U.S. Energy Department's deputy assistant secretary for fossil energy, said: […]
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. Cap in Hand: Kurdish Will Return to Baghdad to Negotiate Oil Exports Iraqi Kurdistan's plan to export oil independently does not seem to be working. Sources say politicians will be […]
By John Lee. The new Etihad sugar refinery in Babylon said on Thursday it had imported 850,000 tonnes of raw sugar since the start of operations earlier this year, according to a report from Reuters. The plant, which is currently operating close to full capacity of around 3,000 tonnes a day, will see expansion work […]
By John Lee. FlyBaghdad has reportedly wet-leased a Boeing 737-400 from Jordan Aviation. The company also has two A320-200s leased from South Africa's Global Aviation Operations, and three CRJ-200s, two of which are leased from Iraq Gate (Baghdad). Launched earlier this year, FlyBaghdad currently offers scheduled passenger flights to Erbil, Najaf, Sulaymaniyah, Istanbul and Tbilisi. […]
