Shares in Genel Energy were trading down 6 percent on Thursday morning, following the company's announcement that revenues for the 6 months to 30 June 2015 were slightly below analysts expectations. The shares are still up about 10 percent since the KRG announcement that it had put payment plans in place. Highlights Our operations in […]
The Kurdistan Regional Government's Department of Information Technology has announced the launch of the 'Sunrise period' for Kurdistan’s top level domain (TLD) .KRD The Sunrise Period for .KRD starts on August 5 and will end on October 4. The Sunrise launch of .KRD has been a highly anticipated milestone for KRG Department of Information Technology, […]
U.S. Soldiers at the regional contracting office in Erbil hosted the first in-theater vendor training day to cultivate the critical relationship between local vendors and U.S. forces on the ground. Topics discussed with potential vendors ranged from the solicitation process to reading and understanding what is required in military contracts. Since their arrival in Erbil, […]
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. Airstrikes in Syria Fighter, fighter-attack, bomber and […]
By John Lee. Iraqi Foreign Minister, Dr. Ibrahim Al Ashaiqer Al Jaafari, has said that Iraq appreciates Kuwait's agreement to postpone payment of the remaining debt (reparations) due to be paid by Iraq this year until 2017. The minister praised the Kuwaiti Government and people for their support of Iraq in its war against the […]
US Secretary of State John Kerry (pictured) announced today at the Gulf Cooperation Council Summit in Qatar that the United States is providing nearly $62 million in additional humanitarian assistance to Iraqis who have been affected by violence and are in urgent need of assistance from the international community. This new funding brings the total […]
By John Lee. A senior official at the Iraqi state-owned North Oil Company (NOC) has been assassinated in the city of Kirkuk. The incident occurred on Friday, claiming the life of Saad Ali Hussein, the head of pipeline maintenance at the company, and his driver. According to Reuters, Hussain was appointed NOC's chief of operations after […]
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. Officials reported details of strikes that took place yesterday, noting that assessments of results are based on initial reports. Airstrikes in Syria Fighter, fighter-attack and […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As terror attacks continue, Iraqi government prioritizes nightclub raids During the night of July 18, Iraqi forces raided several Baghdad nightclubs and attacked and arrested the club owners and workers. The Iraqi Interior Ministry apologized […]
The Kurdistan Regional Government has announced plans to start paying oil companies a proportion of the revenues from crude oil sales. Starting from September 2015, the Kurdistan Regional Government, KRG, will, on a monthly basis, allocate a portion of the revenue from its direct crude oil sales to the producing international oil companies, IOCs, KRG […]
By Ahmed Mousa Jiyad. Assessing Government Spending This is an updated version of the last part (and the list of consulted references) of the research work commissioned by the Natural Resource Governance Institute (NRGI), USA, as part of the preparation for NRGI’s strategic plan for interlinked and complementary interventions in Iraq during the upcoming three […]
WesternZagros Resources has issued an update in advance of the company's standard second quarter results which are scheduled for release on 13th August, 2015: Garmian Block Second quarter production from the Sarqala-1 well averaged 5,427 barrels of oil per day ("bbl/d). WesternZagros continues, in accordance with the KRG, to supply this production to the domestic […]
