Writing in Oil Price, Simon Watkins that the recent approval of the Iraqi National Oil Company (INOC)'s acquisition of ExxonMobil's 32.7 percent stake in the West Qurna 1 oil field is likely to leave China delighted, the U.S. irritated, and Iraq's oil industry still unable to achieve any of its key oil output goals. Click […]
By John Lee. Blue Water Shipping's Energy and Projects Division has announced plans to open an office in Iraq. Thomas Bek, Global Director of Energy & Projects at Blue Water, said: "Our customers in the energy sector operate internationally, and it is, therefore, a strategic objective that we continuously develop our organization to meet the […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Conservative groups seek to shut down concerts in Iraq Iraqis fear that Islamic parties and armed religious groups are trying to impose their fundamentalist views on social and personal […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's credit rating lifts with final reparations payment to Kuwait Iraq paid Kuwait a final installment of war reparations more than 31 years after the invasion of Kuwait, […]
By John Lee. Iraq's Commission of Integrity issued 21 arrest warrants in December for senior state officials on charges of corruption. A further 77 officials were summoned for questioning as part of anti-corruption investigations. Among the people implicated are a current minister and a former minister, but the statement from the Commission mentioned no names. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th January 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD919 (-2.1%) / $806 (-2.1%) (weekly change) (+0.1% and +0.1% YTD change, respectively). The number of week traded […]
Today (Thursday 13th January), the United Nations Compensation Commission (UNCC) made available $629,324,488 to the Government of the State of Kuwait towards the Commission's remaining claim with an outstanding award balance. With this payment, all claimants awarded compensation by the Commission have now received the full amount of their respective awards. In total, the Commission […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "2021 Review and Outlook for 2022" The market, as measured by the Rabee Securities RSISX USD Index, had a strong recovery in December with a […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has confirmed that more than half a million plots of land have been allocated for three million citizens under the "Dari" housing initiative. Applications for the scheme were made via an online process. Addressing the Cabinet, al-Kadhimi said that a plan has been made to provide the sites […]
Dana Gas and its partner, Crescent Petroleum, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million cubic feet of gas per day (MMscf/d) at the end of 2021. The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including […]
By John Lee. Prime Minister Mustafa al-Kadhimi has chaired a meeting of the Higher Committee for Health and National Safety in Baghdad. The committee decided that all arriving passengers, including Iraqi nationals, must hold a Covid-19 vaccination certificate. It also decided to end the exemption for umrah pilgrims from the requirement to have a Covid-19 […]
Genel Energy announced on Tuesday that Esa Ikaheimonen (pictured), Chief Financial Officer, has advised the Board of his intention to leave the company on 16 March 2022, following the announcement of the Company's 2021 financial results the day before. In a statement, the company said that a search for a suitable replacement is ongoing and […]
