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Cabinet endorses Institutional Performance Management System

By on 29th May 2018 in Iraq Education and Training News, Politics

Iraq’s Institutional Performance Management System endorsed for implementation across Iraq’s Public Sector The Council of Ministers has endorsed “Iraq Government-Wide Institutional Performance Management System” for immediate application across public sector institutions in Iraq. The system is a non-prescriptive business excellence framework for organizational management, designed to help organizations to become more competitive. It provides a […]

Oil Ministry Finalises Export Figures for April

By on 28th May 2018 in Iraq Oil & Gas News

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for April of 100,197,197 barrels, giving an average for the month of 3.340 million barrels per day (bpd), a slight increase from the 3.453 bpd exported in March. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. […]

Genel Energy Confirms KRG Payment

By on 27th May 2018 in Iraq Oil & Gas News

Genel Energy notes the announcement from DNO ASA, as operator of the Tawke PSC, that the Tawke partners have received $47.23 million from the Kurdistan Regional Government ('KRG') as payment for February 2018 crude oil deliveries to the export market from the Tawke licence. Genel's net share of the payment is $11.81 million. The Taq […]

GardaWorld Weekly Security Report

By on 26th May 2018 in Security, Weekly Security Update

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld's Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Kuwaiti Investor plans $58m Project in Basra

By on 26th May 2018 in Construction & Engineering In Iraq

By John Lee. A Kuwaiti businessman is reportedly planning to grow 100,000 date palms and build a nature reserve complete with ostriches and deer in southern Badia, 150 km from the city of Basra. According to Reuters, Abdul-Aziz al-Babtain is investing $58 million in the project, which will see the palms grown over the next […]

IBBC, RUSI brief on Iraqi Election Results

By on 26th May 2018 in Politics

The Iraq Britain Business Council (IBBC) has held an event in partnership with the Royal United Services Institute (RUSI) on ‘The Iraq Election Results: what next for Iraq’s political stability?’. The panel event, in partnership with the Royal United Services Institute gave an initial assessment of the Iraqi election result and commented on the early […]

Rosneft, KRG sign Gas Development Agreement

By on 25th May 2018 in Iraq Oil & Gas News

As part of the XXII St. Petersburg International Economic Forum, Rosneft and the Kurdistan Regional Government of Iraq signed an agreement securing the intention of the Parties to make a detailed analysis of potential gas cooperation options. The Parties ensure stepwise implementation of the arrangements following the Investment Agreement signed at the XXI St. Petersburg […]

ZhenHua signs East Baghdad Deal

By on 25th May 2018 in Iraq Oil & Gas News

By John Lee. China's ZhenHua Oil [Jinhua] has signed a service contract to develop the southern part of the East Baghdad oil field. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said that the signature of the contract was significant for Baghdad because it is the first project in the capital. The development of the field […]

US in ‘Wait and See’ Position After Iraq Election

By on 25th May 2018 in Construction & Engineering In Iraq, Iraq Banking & Finance News, Iraq Industry & Trade News, Politics, Security

The victory of Shiite cleric Moqtada al-Sadr’s party in Iraq’s recent election has put the United States in a wait-and-see position, Defense Secretary James N. Mattis told reporters yesterday in Colorado Springs, Colorado. The secretary was in Colorado to preside at the change-of-command ceremony for North American Aerospace Defense Command and U.S. Northern Command. “History […]

Legislators call for Canceling Election Results

By on 25th May 2018 in Politics

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Many Iraqi legislators call for canceling election results On May 21, a group of Iraqi parliament members submitted a request to the speaker to cancel the results of the May 12 […]