Tag Archives | featured

Serco Awarded Contract Extension by ICAA

By John Lee. Serco, the UK-based international service company, has announced a 1 year contract extension with the Iraq Civil Aviation Authority (ICAA). The contract covers a full range of services including the continued development of Air Traffic Services and Academy Training at Baghdad International Airport. According to a statement from Serco, the partnership between […]

EU gives another €25m Aid to Iraq

The European Commission has just announced an extra €25 million in aid for the victims of the worsening humanitarian crisis in Iraq. The funding will help the internally displaced people, including those who recently fled the fighting in Ramadi, Anbar governorate, with water, food, sanitation, shelter, medical supplies and health care. Speaking today in Brussels […]

UK Seeks Head of Trade in Erbil

The British Consulate General Erbil has a vacancy for a Head of UK Trade & Investment (UKTI) C4 (L) position. Interested candidates should forward the following to [email protected]: An updated Curriculum Vitae. A fully completed Application Form. Please provide examples of performance in each competency on the summary section of the application form. A covering […]

Latest Airstrikes Against ISIL

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 the latest strikes, which took place between 8 a.m. Tuessday and 8 a.m. Wednesday, local time, noting that assessments of results […]

Video: Sunni Leaders Pledge Allegiance to IS

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Several Sunni tribal sheiks and tribes in Anbar province have pledged allegiance to the Islamic State of Iraq and the Levant (IS, ISIS, ISIL). They met in the city of Fallujah on Wednesday, […]

Oil Export Data from KRG, May 2015

The Kurdistan Regional Government has published its Monthly Export Report for May 2015. The Kurdistan Regional Government (KRG) exported 17,906,242 barrels of crude oil (an average of 577,621 barrels per day (bpd)) in the month of May through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this amount, fields operated by […]

Restrata wins $1.2m Network Deal

Restrata has been awarded a $1.2 million dollar (1.4 billion Iraqi dinar) contract to deploy a new managed internet network across six locations in Iraq, including West Qurna 2 Oilfield, Baghdad, Basra Central and Iraq Energy City. This new managed network enables Restrata to provide their clients with IP connectivity required to access bandwidth-hungry services […]

KRG to start Ranking Universities

The National Ranking of Kurdistan Region Universities is a project of the KRG Ministry of Higher Education and Scientific Research, which is scheduled to be launched for the first in the region in next September. “Preparations for the National Ranking of Kurdistan Region Universities, including both the public and private sector universities, are ongoing. Currently […]

Airstrikes Continue Against ISIL

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 the latest strikes, which took place between 8 a.m. Monday and 8 a.m. Tuesday, local time, noting that assessments of results […]

Video: Raising Sectarian Tensions in Iraq?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Video appears to show pro-government Shia militia burning a Sunni man accused of supporting ISIL. Presenter: Hashem Ahelbarra Guests: Andreas Krieg - assistant professor at the defence studies department at King's College in […]

GKP Confirms Maersk Exec as New CEO

By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that it is in the process of appointing Jón Ferrier as CEO. Following a brief transition period, John Gerstenlauer will retire as CEO and, at the forthcoming Annual General Meeting, as a Director of the Company. A further announcement will be made in due course. Jón […]

Oil Revenues hit $5bn in May

By John Lee. Iraq exported an estimated 97 million barrels of oil in May through the State Oil Marketing Organization (SOMO), giving a daily rate of 3.13 million bpd. Early statistics indicate that this brought in revenues of $5 billion (6 trillion Iraqi dinars), equating to about $51.5 per barrel. (Sources: AIN)