The Iraqi Ministry of Defense announced on Friday afternoon that Special Forces from the elite "Golden Division" (Counter Terrorism Services, CTS) have advanced to the town of Tob Zawa, and are now one mile from Mosul. This is despite a desperate attempt by Daesh to slow progress by setting fire to the Mishraq Sulphur Plant. […]
By John Lee. Kuwait Energy (KEC) has reportedly signed a farm-out agreement giving Egypt General Petroleum Corporation (EGPC) a 20 percent participating interest for Iraq's Siba oilfield. According to Reuters, the agreement is subject to Iraqi regulatory approval. Kuwait Energy has not published any information about the deal on its website. The two companies are […]
Iraqi and Kurdish forces are about 5 miles from Mosul’s outskirts and are clearing towns and villages to the north, east and south of Iraq’s second-largest city, Pentagon Press Operations director Navy Capt. Jeff Davis told reporters yesterday. The United States is seeing what Davis called “unprecedented cooperation” between the Iraqi and Kurdish forces, which […]
Yazidi survivors and public advocates Nadia Murad and Lamiya Aji Bashar were announced as this year's Sakharov Prize laureates during this week's plenary session in Strasbourg. The annual Sakharov Prize for Freedom of Thought is awarded to individuals who have made an exceptional contribution to the fight for human rights across the globe, drawing attention […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and bomber aircraft […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. As a major Iraqi offensive moved ever closer to Mosul, civilians in villages on the eastern outskirts of the city were being bused to a camp near Khazir.
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil should withdraw its plan to offer 12 new oilfields. In a rather surprise move, the Ministry of Oil (MoO) announced its “intention” to offer 12 medium and small […]
By John Lee. Shares in Genel Energy were trading near their all-time low on Thursday, as markets reacted to the company's warning on Wednesday that "2016 revenue is expected to be at the lower end of the previously communicated $200-230 million guidance range". It also said that production levels for the year would come in […]
The Iraqi Minister for Oil has committed to support the efforts of the Organization of the Petroleum Exporting Countries (OPEC) aimed at stabilization of the oil market. At a meeting in Baghdad on Wednesday, Minister Jabar Ali al-Luaibi [Allibi] told OPEC Secretary General, HE Mohammad Sanusi Barkindo: “Your visit comes at a time when Iraq […]
By Salam Zidane for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The head of the Security and Defense Committee in the Iraqi parliament, Hakem al-Zamili, has spoken out about the corruption prevailing over Iraq's border crossings. In a press conference held Oct. 3, he stated that the state was not benefiting from […]
Iraqi forces continue to make steady progress in the effort to retake Mosul from the Islamic State of Iraq and the Levant, the commander of Combined Joint Task Force Operation Inherent Resolve said on Wednesday. "The Iraqi security forces had developed a lot of momentum over the past two years," Army Lt. Gen. Stephen Townsend […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Tuesday, 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 Attack, bomber and […]
