By John Lee. The Czech defense minister, Martin Stropnicky, says he is planning to send about 30 instructors and military technicians to Iraq to train pilots for Czech-made planes. The Czech Republic agreed to sell 15 Czech-made Aero Vodochody L-159 light combat planes to Iraq last year, but according to a report from Associated Press the deal […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has completely retaken Ramadi from the Islamic State group, but now faces the enormous challenges of removing bombs, reestablishing basic services and rebuilding the shattered city, officials said Tuesday:
By John Lee. Genel Energy (GENL.L) will resume drilling at its Taq Taq oilfield in the coming weeks. Genel CFO Ben Monaghan told Reuters that the restart of drilling work will mark the first time in more than a year that Genel has drilled in the region. "It's a symbolic restart of our investments," he added. […]
By John Lee. Germany has agreed to lend 500 million-euros ($566 million) to Iraq to help rebuild the country's infrastructure. At a meeting with Iraqi Prime Minister Haider al-Abadi in Berlin, Chancellor Angela Merkel said Germany also wants to help with the demining of cities and towns in Iraq so that the country's 3 million internally […]
By John Lee. Iraq expects to load less Basra crude in March than in February, according to a report from Reuters. A preliminary loading programme for March shows exports of 3.38 million bpd from the southern terminals, down 6.9 percent from the 3.63 million bpd planned for February. February exports, if achieved, could exceed the […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqi premier Haider al-Abadi urges Kurdistan to drop any plans for independence, criticising a proposed statehood referendum.
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 Thursday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter aircraft conducted […]
Thanks to the incredible support our Escaping Darkness Appeal has received, mental health care training has now officially started in Dohuk! Focusing on conflict-related trauma, the training is helping to boost the response to Iraq’s mental health care crisis. Thousands of Iraqis are suffering from complex conflict-related trauma, and rates of depression, anxiety and […]
DNO ASA, the Norwegian oil and gas operator, today reported record oil and gas output in 2015 though the company's results were impacted by the sharp drop in world oil prices. Operated production was up 23 percent last year to 144,200 barrels of oil equivalent per day while revenues dropped to USD 187 million in […]
As Iraqi security forces make progress in the campaign to defeat the Islamic State of Iraq and the Levant, Canada’s vow this week to expand its contributions in the fight is a welcomed commitment, Operation Inherent Resolve spokesman Army Col. Steve Warren said on Wednesday. Warren noted in his weekly counter-ISIL operational update via videoconference […]
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 Wednesday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter and remotely […]
By John Lee. Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra and Kirkuk crude oil for March. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); […]
