DNO ASA, the Norwegian oil and gas operator, today reported third quarter revenues of USD 253 million, a 38 percent quarter-on-quarter increase driven by higher North Sea sales and strengthening commodity prices. The Company's operating profit climbed seven percent to USD 65 million, weighed down by non-cash net impairments of USD 40 million primarily related […]
Shares in Genel Energy were trading down 3.5 percent on Thursday morning following the company's trading and operations update in respect of the third quarter and first nine months of 2021. The company said it now expects production in the year to be slightly below the 2020 average of 31,980 bopd. Bill Higgs, Chief Executive […]
The United States, through the United States Agency for International Development (USAID), is pleased to announce an additional $3 million in urgent COVID-19 assistance for Iraq. USAID's contribution will help Iraq better detect and diagnose COVID-19 infections, reduce COVID-19 cases and deaths, and broadly increase access to vaccines for Iraqis nationwide. This assistance, implemented by […]
ILO workshop with tripartite partners sheds light on maternity protection in Iraq A one day workshop funded by the European Union focusing on maternity protection was organised by the International Labour Organization (ILO) in Baghdad on Tuesday (November 2). The workshop, which brought together representatives of the Ministry of Labour and Social Affairs, the women's […]
By Shelly Kittleson, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Voters Want Weaker Militias and a Stronger State Election results show citizens want a government that can stand on its own without being propped up by Iran, the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran-Saudi dialogue in Iraq paused 'until new Iraqi government formed' The dialogue between Iran and Saudi Arabia in Baghdad has been temporarily paused pending a resolution to the domestic political stalemate in Iraq, […]
By John Lee. Abeer Alshimal Company For General Contracting Ltd., which has offices in Erbil, Dohuk and Mosul, has won a contract with the United Nations Secretariat for the construction of low cost housing units in Dkory, Sinjar, in Ninewa Governorate. The contract is valued at $505,732.60. (Source: UNGM)
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for October of 96,708,660 barrels, giving an average for the month of 3.120 million barrels per day (bpd), up slightly from the 3.081 million bpd exported in September. The exports from the oilfields in central and southern Iraq amounted to approximately 93,386,975 barrels, […]
The United Nations Compensation Commission (UNCC) has made available $490 million to the Government of the State of Kuwait towards the Commission's remaining claim with an outstanding award balance. The United Nations Compensation Commission is a subsidiary organ of the United Nations Security Council. It was established in 1991 in accordance with Security Council resolutions […]
By John Lee. 60 Minutes Australia has broadcast what it describes as a desperate plea from a close friend of engineer Robert Pether. Australian citizen Robert Pether and his Egyptian colleague Khalid Radwan, who have been detained in Iraq since early April, have reportedly been found guilty of fraud, and sentenced to five years in […]
By John Lee. Iraq and Saudi Arabia are reportedly about to sign energy deals worth tens of billions of dollars. The state-run Al-Sabaah newspaper quotes Oil Minister Ihsan Abdul Jabbar (pictured) as saying that Iraq is negotiating with oil giant Saudi Aramco to enter as a partner in contracts for gas exploration in the Western […]
Plans for a new Iraq venture fund have been announced by some of the Iraq ecosystem's pioneers, Omar Al-Handal (The Station), Bassam Falah (Innovest ME, Ruwwad Al Iraq), and Mohammed Khudairi (Iraq Tech Ventures), who will serve as the fund's General Partners. The partnership is called Iraq Venture Partners (IVP), and it plans to invest […]
