The latest news from Iraq – oil, gas, business and more – brought to you by Iraq Business News
Highlights from December’s London Conference. By Robert Tollast. According to current plans, the Kurdish region of Iraq will be able to export 1 million barrels of oil in the not too distant future--by some accounts by the end of 2015. By 2020 as much as 10 billion cubic metres of gas will be exported from […]
By John Lee. Iraqi Finance Minister Hoshyar Zebari (pictured) has taken a brutally realistic stance on the passing of Iraq's 2015 budget, Reuters reports. Zebari has previously been frank about the challenges Iraq faces and the war economy situation the country is now in. The Finance Minister noted how, "The strategy was to present a real budget - […]
By John Lee. Jordan has long been host to the training of Iraqi forces following the 2003 war, and US led training of Iraqi Special Forces continued there even after the US withdrawal from Iraq in December 2011. Until now however, the Hashemite Kingdom has not directly trained Iraqi infantry. This is about to change […]
By John Lee. The Al Kindi Society for Engineers have announced they will be hosting a forum on the role of engineering in Iraq's current crisis. The event will be held at the Hilton Metropole Hotel in North London on the 10th of January. Anyone who wishes to attend must register here. For those not […]
By John Lee. According to a 2009 revision of Iraq's Provincial Powers Act (also known as Law 21) the province of Basra is supposed to be receiving an extra $5 dollars of oil revenue per barrel produced in the province. If this was the case, the province could be receiving an income equivalent to that […]
By John Lee. US News have reported on the presence of several thousand American armoured vehicles being serviced at a US base in Kuwait, in possible preparation for their movement into Iraq. The vehicles are primarily MRAPs (Mine Resistant Ambush Protected vehicles) expensive bulletproof and IED resistant trucks that became a key tool in the US […]
By John Lee. The coming year will see BP expand drilling work and upgrades to equipment at the vast Rumaila oil field in southern Iraq, of which the company have a 50% stake. BP operate the field with PetroChina, Iraq's South Oil Company and SOMO. This work is carried out under the umbrella of the […]
By John Lee. It's a deal that could cement a prosperous shared future for Baghdad and Arbil. But despite the new good will between the two sides, there is huge political opposition from Iraqi Arabs who object to the current terms. In the Kurdish region, many feel that the history has already turned toward their […]
By Robert Tollast. Luay al-Khairullah has reason to be optimistic. As Chairman of the Dhi Qar Provincial Investment Commission, I spoke to him last year about the planned Nasiriyah Integrated Project (NIP) a 300,000 barrel a day capacity refinery not far from his home town. It's a project that will create much needed jobs and provide […]
By Robert Tollast. “How is electricity?”, I asked. “Excellent” replied Marwan, a young student of Physics at the University of Dhi Qar. Marwan (not his real name) is studying wireless transmission, and one of his lecturers is currently in Leicester studying with a British Council initiative to bolster the academic capacity of Iraqi universities. Will […]
By Anne-Laure Barbosa at Edinburgh International Anbar excluded, casualty figures released by the UN stated that at least 1,273 people were killed and another 2,010 injured in ISIS-related violence across Iraq. Taking into account the areas where ISIS are in full control, these figures are likely to be much higher and the data published by the […]
By Anne-Laure Barbosa at Edinburgh International On 25 October, Prime Minister Haider al-Abadi visited the newly-liberated town of Jurf al-Sakhar, south of Baghdad, taking advantage of a rare opportunity to consolidate the legitimacy of the Iraqi government in their fight against ISIS. These fresh territorial gains, which also include parts of Nineveh and Kirkuk, followed sustained […]
