By John Lee. UAE-based Dana Gas has said it had won a judgment against the Kurdistan Regional Government (KRG) at the London Court of International Arbitration (LCIA). The consortium of Dana Gas, Crescent Petroleum and Pearl Petroleum has been seeking to confirm its contract rights and obtain payment from the KRG for gas production. The company […]
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter aircraft conducted 15 strikes consisting of 19 […]
A program to remove unexploded ordnance (UXO) and explosive remnants of war (ERW) in and around the city of Mosul could cost $50 million, UN officials have said. The UN Mine Action Service (UNMAS) had previously estimated costs for Iraq as a whole at $50 million this year, but said this could double because of […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran has reportedly appointed Brig. Gen. Iraj Masjedi as its new ambassador to Baghdad, replacing Hassan Dana’i Fer, according to Iranian media reports on Jan. 15. Masjedi is a prominent leader of the Islamic Revolutionary […]
By Hassan al-Shanoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Armed Iraqi factions threaten to target Americans in response to travel ban US President Donald Trump's Jan. 27 executive order to ban nationals of Iraq and six other Muslim-majority countries […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and Syria terrorists yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber and fighter aircraft conducted 17 strikes in […]
By John Lee. At least three people have been killed while seven others were injured when an oil tank exploded at the Bai Hassan oilfield on Monday. A spokesman for the North Oil Company (NOC) said the blast occurred during a welding operation. (Source: TBP)
The largest cargoes ever to arrive in Iraq have been unloaded at Basra Multipurpose Terminal (BMT), in the port of Umm Qasr. The four LPG Bullets with unit weights of 665 tons were carried on the MV Happy Star. They measure 65 meters in length and 12 meters in diameter, and will be used at […]
By John Lee. Latvian cosmetics producer Dzintars has reportedly completed certification of its products in Iraq. According to a report from Baltic Times, it has also made its first deliveries of product into the country. (Source: Baltic Times)
IOM Iraq’s Community Stabilization Handbook, published last week, provides an overview of the situation in 15 Iraqi governorates, including 51 communities, and of the achievements of IOM’s Transition and Recovery initiatives in Iraq. More than 3 million Iraqis are currently displaced by the crisis, which began in January 2014. The presence of displaced persons places additional pressure on […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. ISIL may have been driven out of the northern Iraqi town of Sinjar, but most of its people are afraid to return home. Kurdish forces now in charge say they are still discovering […]
Genel Energy has announced that it has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts ('PSC's) and Gas Lifting Agreements ('GLA's) for both the Miran and Bina Bawi gas fields. The Amended and Restated PSCs and GLAs for Miran and Bina Bawi incorporate the commercial terms as announced in the […]
