The latest news from Iraq – oil, gas, business and more – brought to you by Iraq Business News
By John Lee. China's CNPC has announced the completion of a 272 kilometre crude oil pipeline which connects Halfaya and Burzugan [Bazargan] oilfields in southern Iraq to the Al-Faw port. Incredibly, CNPC have remarked that the pipeline is passing through 30km of areas that were once minefields during the Iran-Iraq war. Today, southern Iraq is […]
By John Lee. The New York Times has reported that French President Francois Hollande has endorsed the appointment of Haider al-Abadi as Iraq's new PM, and with Baghdad's approval France is now ready to send arms to Kurdish forces. The move comes after the Kurdish President Massoud Barzani remarked that the Peshmerga were not sufficiently […]
By Patrick Schmidt. In addition to current energy holdings in Syria, the Islamic State of the Iraq and the Levant (ISIL) holds seven different oil fields in Iraq. This past month the militants seized Ain Zalah and Batma oil fields. They had previously gained control of Najma, Qayara, Himreen, Ajeel and Balad oil fields. The […]
By Patrick Schmidt. The Independent Human Rights Committee of the Kurdistan Regional Government (KRG) have made public their attempts to get the international community to recognize the crimes committed against Yazidi minorities. The spokesman of Independent Human Rights Committee, Mohammed Gomashini, noted: “Our committee started to attempt recognition of IS crimes against Kurdish Yazidi people […]
By Patrick Schmidt. Defence secretary Chuck Hagel has announced that additional military advisors are being deployed to Iraq. On Tuesday, an additional 130 American military advisers arrived in the country. The staff are tasked with accessing the ongoing humanitarian crisis taking place in the north of the country. This announcement comes almost a week after […]
By Patrick Schmidt. Following recent gains of Kurdish security forces, in addition to a recent setback in Jalawla in northern Diyala, American officials have hinted that various government agencies have begun supplying Kurdistan with weapons to fight the Islamic State of Iraq and the Levant (ISIL). To date, America has mostly focused its attention on […]
By Patrick Schmidt. Crude oil reached $105 dollars per barrel late last week despite the ongoing crisis and advance of the Islamic State of Iraq and the Levant (ISIL). The increase came after a period of unusually low oil prices in the global market. Oil has fallen over $10 dollars over the past two months […]
By Patrick Schmidt. On Monday, August 11, Axeon Specialty Products announced that they would no longer accept any shipments of crude oil from the Kurdistan Regional Government (KRG). The tanker Minerva Joy arrived at a New Jersey port with the intention of delivering their cargo to Axeon; however, the tanker has not offloaded any of […]
By John Lee. Meeting an extended deadline, Iraqi President Fouad Massoum has nominated a PM from the State of Law bloc, the largest coalition which therefore has the constitutional right to name the next Iraqi PM. But it was not Nouri-al-Maliki. Observers are now waiting to see what action, if any, Maliki might take to […]
By John Lee. Multinational oil and gas exploration and production firm Petroceltic International have announced an update for their ongoing operations in the Kurdish region of Iraq. They note that some precautions are being taken and the current crisis is being closely watched. The company also have operations across the Middle East-North Africa region (MENA) […]
By John Lee. On Sunday at midnight, Iraq's embattled PM Nouri al-Maliki issued a defiant speech claiming his constitutional right to remain at the helm of his crisis hit country. Tellingly, he warned his political foes they were effectively with the terrorists, and the speech was described by one Iraq analyst on twitter as akin […]
The following article features an interview with Mantid International CEO Ginger Cruz. Robert Tollast’s opinions expressed in the article do not necessarily represent the views of Mantid International, nor do the opinions expressed here necessarily reflect the views of Iraq Business News. The vast majority of Iraqis, Shi'a, Kurd and Sunni, are preparing themselves to […]
