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 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 […]
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 […]
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 […]
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 […]
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 […]
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)
By John Lee. Islamic State (IS, ISIS, ISIL) militants reportedly closed Ramadi Dam on Tuesday, cutting the supply of water flow to areas controlled by the Iraqi security forces east of the city. The dam is on the Euphrates River, north of the city. The action is expected to cause further civilian displacement of civilians […]
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 have reported. Officials reported details of the latest strikes, which took place between 8 a.m. Sunday and 8 a.m. Mondat, local time, noting that assessments of […]
By John Lee. Saudi Arabia has named its first resident ambassador to Iraq since 1991. Thamer bin Sabhan Al-Sabhan took the oath of office on Tuesday before Saudi King Salman bin Abdulaziz Al Saud. Sabhan was previously the military attaché in the Saudi Embassy in Lebanon. (Sources: Al Arabiya News, Saudi Arabian Foreign Ministry) (Diplomatic […]
By Robert Tollast, Iraq analyst with The Brecon Group. Standing on the Ziggurat, an impressive religious temple from the Sumerian period which was largely restored in the 1980s, you can still see solidified tar seeping out from the several thousand year old brickwork. In fact "qar" in the province’s name refers to tar that was […]
By John Lee. AM General has been awarded a $16,569,379 modification to foreign military sales contract W56HZV-15-C-0061 for 150 M1152 high mobility multipurpose wheeled vehicles (HMMWVs) and contractor spare parts for the government of Iraq. The work will be performed in Mishawaka, Indiana, with an estimated completion date of June 30, 2015. (Source: US Dept […]
