Tag Archives | featured

Iraqi Bank to Open 5 more Branches

By John Lee. The National Bank of Iraq plans to open five more branches in Iraq by the end of this year, in what Reuters described as a sign that there is still money to be made in much of the country despite civil war and low oil prices. Vice-chairman Ayman Abu-Dhaim told the news […]

Basra Heavy Trading at Discount

By John Lee. According to a report from Reuters, the new Basra Heavy crude oil grade has been trading at a widening discount. Malaysia's Petronas reportedly sold 2 million barrels for June loading to Indian refiner Essar Oil at a discount of more than $1 a barrel to its official selling price. bigger than expected […]

Iraq Plans Big Increase in Oil Exports

By John Lee. Iraq is planning to boost crude exports by about 26 percent, according to a report from Bloomberg. Shipping schedules suggest exports of a record 3.75 million bpd in June. Deputy Oil Minister Fayyad al-Nimaa said recently that export capacity is currently capped at 3.1 million bpd. Commenting in Forbes, petroleum economist Michael […]

Latest Airstrikes Against ISIL Targets

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: Army Launches Offensive to Retake Anbar

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq has launched a military operation to try and retake Anbar province from ISIL. Shia militia are involved in the operation - which some fear could raise sectarian tensions. Al Jazeera's Imran Khan […]

Video: Can Iraq win back Anbar?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Professor Saad Jawad, a senior fellow of the Middle East Centre at The London School of Economics, joins us to discuss the difficulties and opportunities that the Iraqi government will face in reclaiming […]

Kurdistan Oil Production at Record Levels

According to the April 2015 report published by the Kurdistan Regional Government, KRG, Ministry of Natural Resources, KRG commitments under the 2015 Federal Budget Law have been met, and oil production has reached record levels. According to an agreement on oil export and budget, reached last December between the KRG and the Federal Government of […]

Expert Blog: Iraqi Extractive Industry

By Ahmed Mousa Jiyad. Iraq Extractive Industry: Legal, Fiscal and Revenue Allocation and Management Issues This is an Executive Summary of a research work commissioned by the Natural Resource Governance Institute (NRGI), USA, as part of the preparation for NRGI’s strategic plan for interlinked and complementary interventions in Iraq during the upcoming three years. This […]

Latest Airstrikes Against ISIL Targets

U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant (ISIL, ISIS, IS) 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. Sundayand 8 a.m. Monday, local time, noting that assessments […]

KRG Pres Barzani meets King Abdullah of Jordan

By John Lee. Kurdistan Region President Masoud Barzani met with King Abdullah of Jordan in Amman on Friday. The King and the President discussed the political and security developments in Iraq, in particular the latest situation in the Anbar province, and efforts to counter the ISIS terrorists. They also discussed bilateral relations between the Kingdom […]