By Al Monitor staff. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. How Iraq’s Kurds are failing to come together over their new president Nechirvan Barzani, the prime minister of Iraq’s Kurdistan Regional Government (KRG), was elected president by the semi-autonomous region’s parliament […]
By John Lee. According to a report from Reuters, employees from Exxon Mobil will start returning to work at the West Qurna 1 oilfield on Sunday. Sources told the news agency that the company had received assurances from the Iraqi Ministry of Oil and the Basra Oil Company (BOC) that its staff would receive extra […]
There can be no doubting Iraq’s oil credentials. It is Opec’s number two oil producer, second only to Saudi Arabia, and holds the world’s fifth-largest proved oil reserves. Production is on the rise, having nearly doubled over the past decade, averaging around 4.5 million barrels per day in 2018. Almost 90 per cent of the […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th May 2019). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD666 (+4.0%) / $718 (+4.2%) (weekly change) (+1.1% and +1.2% YTD change, respectively). The number of week traded […]
By John Lee. Oil giant BP has just published details of its transactions with the Government of Iraq in 2018 in respect of the Rumaila oilfield, as part of its Report on Payments to Governments 2018. Click on image below to see in more detail: (Source: BP)
Today, the KRG's Regional Council for Oil and Gas Affairs has published new verified data on the Kurdistan Region’s oil exports, consumption and revenues, covering the period from 1 October 2018 to 31 December 2018, after a review of the sector by the international “Big 4” audit and consulting firm, Deloitte. The Regional Council for […]
GE Power (NYSE: GE) has installed and commissioned a new advanced 9E gas turbine at the Iraqi Ministry of Electricity’s (MoE) Al Qudus Power Plant. The site was previously capable of generating up to 1,125 megawatts (MW) of power. With the addition of the new turbine, it can generate an additional 125 MW, which will […]
By John Lee. Contrary to recent reports that the US had granted a waiver to Iraq to allow it to continue buying power from Iran, a State Department spokeswoman reportedly said on Wednesday that this was not the case. Reuters quotes Morgan Ortagus as telling reporters that Secretary of State Mike Pompeo has not made […]
IN THEIR SHOES 5K - 2019 A Benefit for Iraq's Orphans & Most Vulnerable Children Saturday, June 22, 2019 Check In: 7AM Race: 8AM US Patent and Trademark Office 600 Dulany St. Old Town Alexandria, VA US 22314 Honorary Co-Chairs His Excellency Fareed Yasseen, Ambassador of Iraq to the United States Ambassador Ryan Crocker (Ret.), Former […]
By John Lee. The United Nations has advertised new positions in Iraq: Finance Coordinator, Humanity and Inclusion (HI) Support Services Manager, Humanity and Inclusion (HI) Field Coordinator, Humanity and Inclusion (HI) National Designer/Animator Consultant, UNICEF - United Nations Children's Fund International Early Childhood Development Specialist Consultant, UNICEF - United Nations Children's Fund Regional Finance and […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Shelter Information Management Assistant, IOM - International Organization for Migration National Livelihoods Officer, IOM - International Organization for Migration Supply Associate (Procurement), UNAMI - United Nations Assistance Mission for Iraq Senior Resettlement Assistant, UNAMI - United Nations Assistance Mission for Ira (Source: […]
By John Lee. Israel has reportedly lifted a ban on trade with Iraq, despite the fact that the two countries do not have official relations and are technically at war. According to Middle East Monitor, citing Israeli newspaper Maariv, Finance Minister Moshe Kahlon (pictured) signed an official directive on Monday allowing trade with Iraq. Maariv […]
