The latest news from Iraq – oil, gas, business and more – brought to you by Iraq Business News
Overview Readers of the weekly update will recall that the last entry detailed one of the most hostile seven days since AKE began contributing to Iraq Business News. Fortunately conditions improved over the course of last week. There was a fall (by half) in the number of bombings reported, while shootings declined as well. Kidnap […]
The Iraqi government is increasing spending by about 25% next year to USD98.45bn, but higher oil prices will still allow it to balance its books for the first time, reports Reuters. Next year's budget will be based on an oil price of $85, due to consistently high oil prices at $100 or more. Even after […]
Overview Levels of violence rose considerably in Iraq last week, making it the worst week so far this year. A spate of bombings in Baghdad, Mosul and Kirkuk left dozens of people dead and injured. The police and military suffered the majority of attacks, but Iraqi oil workers, US soldiers and even three European civilian […]
By Tariq Abdell, Iraq’s political risk analyst, Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The recent upsurge in violence across Iraq ( sticky bombs, car bombs, roadside bombs, targeted assassinations, suicide bombers, prison breaks, etc...) underscores, irrefutably, […]
By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy, an Iraq based private sector development consulting company. For a long time now, the discussion continues within different circles and corridors in Iraq, on whether microfinance institutions (MFIs) can operate as NGOs and continue providing micro-loans to low-income entrepreneurs who lack access to finance […]
A long-running dispute over oil fields on the Iran-Iraq border might soon be resolved, according to Ali al-Sjeri, the Iraqi minister of state for foreign affairs. Speaking to Aknews, he said that talks were now at an "advanced stage". "The Iraqi government looks forward to good relations with neighboring countries, without affecting Iraq's economic interests and […]
Overview Levels of violence fell in Iraq last week, although there were still over 60 incidents recorded countrywide. There was a welcome fall in the number of casualties, and the week saw fewer fatalities than any recorded since February. Incidents were concentrated in Baghdad, which accounted for over half of all the attacks recorded countrywide. […]
The Oil Projects Company (SCOP) announces the issuance of the below tenders: - Supply of Electrical cables & accessories for new Samawa Depot Project -Power Transformers -Fire Fitting equipment Please click on the above links to obtain further information about the tender's conditions.
Overview Levels of violence rose in Iraq over the past week, mainly in the centre of the country, throughout the capital, in the east of Anbar province and the west of Diyala province. Other hotspots included Mosul, Kirkuk, Diwaniyah, Hillah and even Karbala and Basrah. Kurdistan remained largely quiet, although the risk of unexploded ordnance […]
North Gas Company announces the below tenders: - Quotation for the supply of complete Z configuration skid with two proper size custody transfer gas turbine meter with metric local. -Quotation for Helium Gas (HE) Carrier Grade purity 99.999% -Quotation for the supply of spares for H2S online analyzer series 1200 manuf "analytical systems Keco" -Quotation […]
Overview While many have been concerned at the impact of Osama bin Laden’s death on the security situation in Iraq, conditions have not changed significantly in recent days. Levels of violence actually fell last week, although conditions are still worse than normal. The majority of attacks continue to take place in Baghdad, although last week […]
Security measures have been heightened in Iraq following the killing of Osama bin Laden. The authorities are expecting the possibility of a retaliatory attack by radical jihadists in response to the news of his death. However, the impact of the killing may be relatively limited. Weakened Organisation Al-Qaeda is neither the powerful organisation it […]
