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. A record 30 Iraqi journalists and media figures have entered the political arena and presented their candidacies for the May 12 parliamentary elections, joining a variety of blocs and lists. […]
AMH Group is pleased to announce it has had its proposal to build 12,000 homes for the Ministry of Transport employees in Basra and Baghdad accepted by the Minister of Transport. The project will be led by an international consortium of Chinese and British companies aimed at closing the housing shortage in Iraq, whilst providing […]
By John Lee. According to a report from Platts, the Iraqi oil ministry is about to award two management contracts to replace Shell at the Majnoon oil field. Sources say the state-run Basra Oil Company (BOC) has opted to operate the field instead of replacing Shell, and junior partner Petronas, which announced last year it […]
Iraq is giving international oil companies (IOCs) just two weeks to evaluate a new contract model that will serve as the basis of an upcoming bidding round for 11 oil exploration and development projects. The Oil Ministry has set April 15 as the deadline for companies to submit bids, according to Abdul Mahdy al-Ameedi, director […]
U.S. Marines will remain in Iraq to help Iraqi forces train, sustain and re-establish security, Marine Corps Commandant Gen. Robert B. Neller said during a Commanders Series event at the Atlantic Council in Washington. (Source: US Dept of Defense)
Gulf Keystone Petroleum (GKP) has announced the appointment of Jacobus ("Jaap") Huijskes as Non-Executive Chairman effective as of 11 April 2018, immediately following the announcement of the Company's 2017 Full Year Results. Jaap Huijskes, who replaces Keith Lough as Chairman, joined the Board of Gulf Keystone in November 2017 as a Non-Executive Director. Today's […]
By John Lee. Reuters reports that Iraq is studying the possibility of building crude oil storage facilities in South Korea and Japan. Alaa al-Yasiri, head of the State Oil Marketing Organization (SOMO), said the move is part of a plan to increase sales to Asian clients: “SOMO’s new strategy is to form trade arms in […]
The Iraqi Children Foundation (ICF) has appealed for runners and doners for its annual run in Alexandria, Virginia. "More than 4 million children have been impacted by extreme violence in several areas including in Ninewa and al-Anbar. Last year alone, 270 children were killed. Many were robbed of their childhood, forced to fight on the frontlines. […]
An indictment was unsealed on Friday charging Ross Roggio, 49, of Stroudsburg, Pennsylvania, and Roggio Consulting Company, LLC, a firm with which Ross Roggio was associated, for alleged involvement in a conspiracy to illegally export firearm parts, firearm manufacturing tools, and “defense services,” including items used to manufacture M4 rifles, from the United States to […]
By John Lee. Iraq is reportedly ramping up efforts to expand capacity to pump and export oil. Ihsan Abdul Jabbar, the director-general of state-run Basra Oil Company, told Bloomberg that Iraq is seeking bids from six companies for a $4-billion project to inject seawater into its southern oil fields, and the country has already received […]
Iraq Britain Business Council joins British Chambers of Commerce in boost to UK – Iraq Trade IBBC is delighted to announce that we are officially an international affiliate to the British Chambers of Commerce (BCC). The IBBC is now the official organisation to whom British companies and organisations will be referred by the BCC. This […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has met with Mr Lu Ygiang, the President of the Chinese company Jinhua, and his entourage. The two parties discussed during the meeting about enforcing the bilateral cooperation and the development of East Baghdad oil field. The Minister confirmed he was keen to prepare the […]
