By John Lee. The state-owned Korea Gas Corporation (KOGAS) has said that it has recouped its $2.49 billion investment in the Zubair oil field in southern Iraq. According to a report from Yonhap, the company has recovered $2.53 million as of December, which exceeds its initial outlay. The oilfield is currently producing around 360,000 barrels […]
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has hosted a meeting in Baghdad with the French Minister of State for Foreign Trade, Jean-Baptiste Lemoyne, confirming the significance of the economic and financial relations between the two countries. Both sides expressed hopes for major cooperation in all sectors, including oil, industrial, agricultural, commercial, […]
By John Lee. The Institute for the Study of War has issued a new report -- Iraqi Security Forces and Popular Mobilization Forces: Orders of Battle -- in which it claimes that the liberation Daesh's urban holdings in Iraq was necessary but not sufficient to secure America’s vital national interests. It says ISIS has lost […]
By John Lee. The United Nations has advertised new positions in Iraq: Special Assistant, Political Affairs, United Nations Assistance Mission for Iraq (UNAMI) Risk Manager, Terre des hommes Evaluation Methodologist, International Business & Technical Consultants, Inc. (IBTCI) Public Administration and Good Governance Specialist, International Business & Technical Consultants, Inc. (IBTCI) Logistics Coordinator, Triangle Génération Humanitaire […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Capacity Building Project Manager, Triangle Génération Humanitaire (TGH) Project Manager Communication with Communities, Agency for Technical Cooperation and Development (ACTED) Project Development Intern, Agency for Technical Cooperation and Development (ACTED) Country Transparency and Compliance Officer, Agency for Technical Cooperation and Development (ACTED) […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria over the last three days, conducting 14 strikes consisting of 27 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the most recent strikes, noting that assessments of results are based on initial reports. […]
DNO ASA, the Norwegian oil and gas operator, today announced a tripling of production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 15,000 barrels of oil per day (bopd) following completion of the Peshkabir-3 well testing, stimulation and cleanup program. A total of 11 zones in a 1.2 […]
Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year. “This is an agreement for one year and then we will see after that […]
By John Lee. Iraqi Prime Minister Haider al-Abadi has declared "the ending of entire clearance of the Aljazeera in Nineveh and Anbar completely, and we have full control along the Iraqi-Syrian ... Border." Al-Abadi has said that the victories were achieved by unity and determination. "The enemy wanted to destroy our country and civilization and […]
The UN Security Council announced on Friday that all the measures imposed in its resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations in relation to the Iraq oil-for-food programme had been fully implemented. Unanimously adopting resolution 2390 (2017), the Council welcomed the fact that the remaining funds in the […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In 2014, ISIL announced it was taking over nearly all of Iraq and Syria. But three years later and billions lost, Iraq's Prime Minister Haider Al Abadi says his military has defeated the […]
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 […]
