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. Iraq's Ministry of Oil has requested proposals from international oil companies interestsed in developing a number of small- and medium-sized oil fields. The fields concerned are: Sindebad (Basra governorate); Umm Qasr [Um Qaser] (Basra governorate); Rachi (Basra governorate); Abu Khema (Basra governorate); Kumait (Missan governorate); Noor (Missan governorate); Umara (Missan governorate); Dema […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Exact replicas of three architectural treasures damaged or destroyed by the Islamic State group (IS) in Syria and Iraq are on show at the Colosseum in Rome.
By John Lee. The South Oil Company (SOC) has officially taken over the stake in the Zubair oil field formerly held by US-based Occidental Petroleum, which has withdrawn from the project. Repressentatives of Italy's Eni and the Korea Gas Corporation (KOGAS) signed the agreement along with the Ministry of Oil. Mr. Laith Al-Shaher, the director general […]
The Italian Ministry of Foreign Affairs and International Cooperation has provided funding for IOM to implement a project to contribute to stabilization of conflict-affected communities in Diyala governorate, Iraq. The one-year project aims to foster social cohesion, reduce tensions between local communities and displaced Iraqis and returnees, and support the role of women in peace […]
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 […]
UNHCR in Iraq welcomes new funding announced by the Government of Italy of €441,500 to help support the restoration of essential infrastructure in Diyala Governorate. The project aims to provide infrastructural support to restore public services, helping to facilitate the reintegration of returning displaced Iraqis in Saadiya and Jalawla districts - areas which were briefly […]
Dubai-based Drake & Scull International PJSC (DSI) has announced that it has been awarded a AED 226 million ($61 million) engineering, procurement and construction (EPC) contract for the construction of a water injection network installation project at the Zubair oil field in Basra, Iraq by ENI Iraq B.V. (EIBV) a subsidiary of the Italian oil […]
Italy Provides Additional Funding for Stabilization Activities in Liberated Areas The Italian Republic is contributing an additional US$4.91 million (€4.5 million) to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL). This follows a contribution of $2.72 million (€2.5 million) […]
By Simon Kent. Apparently concerned about the lethal pathogenic H5N1 strain of the bird flu virus, which has previously been reported in Iraq, the country has extended a ban on poultry imports. Previously French poultry product imports were banned in December, but in January the ban was extended to over 20 countries. Monday's ban on […]
Kurdistan Regional Government Prime Minister Nechirvan Barzani met with Italian Defense Minister Roberta Pinotti and her accompanying delegation. In a meeting, attended by senior civilian and military officials, including Deputy Prime Minister Qubad Talabani, Minister Pinotti commended Kurdish military forces and Kurdistan Regional Government for their advances in the fight against terror. Minister Pinotti also […]
Italy's Eni SpA has said it is delaying planned investments in Iraq in an effort to preserve cash, as it deals with the effects of lower oil prices. Chief Executive Claudio Descalzi (pictured) told The Wall Street Journal that the company wants to concentrate on more profitable oil and gas projects, but declined to say […]
