The latest news from Iraq – oil, gas, business and more – brought to you by Iraq Business News
By Simon Kent. Iraqi Security Forces have found a mass grave containing the remains of police from Ninevah province, in a village south of Mosul, the last urban stronghold of the self declared Islamic State. A Sunni Iraqi police Colonel from nearby Salahaddin, Ahmed al Jubouri, remarked on the discovery, “Security forces at the recently liberated al-Jawaana […]
By Simon Kent. Iraq's Ministry of Oil have announced that 2 cargoes, one of LPG, one of Condensate, have departed the export terminals at Basra. Iraq began exporting LPG earlier this year through its Basra Gas Company Joint Venture, a consortium of Shell, Iraq's South Gas company and Mitsubishi as the minority stakeholder. Proceeds will […]
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The official website of the League of the Righteous movement (Asaib Ahl al-Haq) reported Aug. 14 a visit by the Italian ambassador to Baghdad, Marco Carnelos, to league Secretary-General […]
By Simon Kent. Heightening speculation that a new, comprehensive deal may be reached between the Kurdish Regional Government (KRG) and Baghdad over oil exports and revenues, news has emerged that the federal North Oil Company (NOC) is allowing exports of Kirkuk crude via the Kurdish pipeline through Turkey. This could add up to 150,000 bpd […]
By Simon Kent. According to Iraqi police sources, members of the self declared "Islamic State" have shelled a refugee camp with mortar fire in northern Salahaddin, killing 12 people and injuring dozens. The camp, most likely populated by Sunni refugees (the very people IS claims to protect) was attacked from positions in the nearby town […]
By Jean Aziz for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A hotel in Beirut was the scene of a series of secret meetings Aug. 8-11 between a diplomatic delegation that included representatives from Western countries and nongovernmental organizations (NGOs), and a delegation […]
By Simon Kent. Aircraft from the international Coalition against the self declared Islamic State have struck seven targets in Iraq, according to officials from Combined Joint Task Force Operation Inherent Resolve. This is half the number of strikes that occurred in Syria over a roughly 24 hour period, suggesting a paucity of targets in Iraq […]
By Simon Kent. Gazprom Neft, the Russian oil and gas giant, has announced increased production at the Badra field, reaching an aggregate production of 3 million tons in less than two years, according to Sputnik news. Badra has estimated reserves of over 3 billion barrels, and this year Gazprom added another 3 wells, totaling an additional […]
By Simon Kent. Two recent reports point to the possibility of an imminent oil deal between Baghdad and Erbil over revenues and exports, following the breakdown of the fourth revenue and exports deal in early 2015. In an interview with Kurdish publication Rudaw, KRG spokesman Safeen Dizayee (pictured) noted that there was a positive view of new Iraqi Minister […]
By Simon Kent. Norway's DNO ASA have launched a new drilling campaign at Tawke, Oilvoice reports. The field, currently producing 117,000 bpd and selling at an average price of $34 per barrel, earned DNO $16 million in profit in the second quarter. DNO Chief Executive Bijan Mossavar-Rahmani (pictured) noted that the profits would help underpin the current new investment. […]
By Saad Salloum for Al Monitor. Any opinions here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Shabak community is one of the ethnic minorities in Iraq, speaking a language distinct from Arabic and Kurdish. Its members live on the Ninevah plains with other religious minorities […]
By Simon Kent. New Iraqi Oil Minister Jabar Ali al-Luaibi has said he wants to work to increase Iraq's oil reserve estimates and increase exports while working with OPEC on quotas, which currently stand at 14% of OPEC production for Iraq. Luaibi noted, "We will work to draw up stable policies and work to achieve […]
