By John Lee. Gulf Keystone Petroleum (GKP) has announced that the Kurdistan Regional Government (KRG) has made a gross payment of $15.0 million ($12.0 million net to GKP) for Shaikan crude export sales in February 2017. (Source: GKP)
UNHCR, the UN refugee agency, has opened another camp in response to a continued surge in the number of newly-displaced Iraqis fleeing the military offensive in western Mosul and in other areas of conflict. Al Salamiyah 2, south of Mosul, began to receive its first families today. 2,500 tents have so far been pitched, but […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, conducting 38 strikes consisting of 75 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria In […]
By John Lee. Cross-border trade has increased 20 percent in the first three months of this year after authorities installed automatic electronic system in the main border stations in January. The manager of the Kurdistan Region Customs Service told Rudaw: “The automation process has had an immediate and relatively large impact on the overall revenues […]
By John Lee. AINA reports that a large convoy of Iraqi Popular Mobilization Units (PMU) has been seen moving towards the Iraqi-Saudi border. This comes following increasing tensions between Saudi Arabia and Qatar; the Iraqi government has expressed support for Qatar in its conflict with Saudi Arabia. (Source: AINA)
Marking a key milestone in Fallujah’s recovery, the Government of Iraq and UNDP’s Funding Facility for Stabilization (FFS) re-opened Al Azrakiyah Water Treatment Plant, which provides safe water to more than 60% of the city. The rehabilitation of the plant was one of the key projects requested by the Anbar Command Cell, which is responsible […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Monday, conducting 40 strikes consisting of 60 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria In […]
By John Lee. Iraq’s Ministry of Oil has announced preliminary oil exports for May of 101,134,586 barrels, giving an average for the month of 3.262 million barrels per day (bpd), slightly more than the 3.252 bpd exported in April. Exports from the southern terminals totalled 100,445,000 barrels, with 679,580 barrels exported from Kirkuk. Revenues for the month were […]
IMF Team Reaches Staff-Level Agreement on Second Review of Stand-By Arrangement with Iraq The Iraqi authorities and an International Monetary Fund (IMF) team reached a staff-level agreement on the second review of the Stand-By Arrangement (SBA) that was approved by the IMF Executive Board on July 7, 2016 (See Press Release No. 16/321). The SBA […]
Tony Hayward (pictured), Chairman of Genel Energy, has given an update on the business at the Company's Annual General Meeting this morning: Genel has a clear strategic focus - maximising the generation of free cash flow from our oil assets, accelerating the recovery of the receivable for unpaid oil sales, and crystallising value from the […]
Some 100,000 children remain in extremely dangerous conditions in western sections of Iraq’s Mosul city as fighting between Government and terrorist forces continues, the United Nations children’s agency today reported, warning that “children’s lives are on the line.” “We are receiving alarming reports of civilians including several children being killed in west Mosul,” said Peter […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, conducting 23 strikes consisting of 70 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria In […]
