The latest Kirkuk, Iraq Business News – security, land, farming, infrastructure and more – brought to you by Iraq Business News
By John Lee. An explosion on Friday has damaged a section of the pipeline that supplies gas for about half of the electricity generation in Iraqi Kurdistan. The KRG's Interior Ministry said an investigation was underway to find the cause of the explosion near the district of Shwan. The pipeline feeds gas from the Khor […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Where Are The Petrodollars? Kirkuk Oil Flowing Fast, But Locals Never See Any Money The province of Kirkuk exports millions of barrels of oil per month. But nobody knows where […]
By Simon Kent. An official with the Iraqi North Oil Company has been shot dead in Kirkuk, northern Iraq, Reuters reports. The murder of Hassan Salim is the third assassination of an oil official from the NOC in just four months, in an area which has been disputed by Arabs, Kurds and Turkmen since the fall of the […]
KRSC statement: Fourth major Peshmerga offensive west of Kirkuk clears more than 140 square kilometres Fourth major offensive in west of Kirkuk clears more than 140 square kilometres. Peshmerga Forces secure Ghara Heights, push ISIL beyond the river between Ghara Heights and Mt. Varies, and secure additional stretch of Kirkuk - Samarra highway From 1900hrs […]
By Simon Kent. Kurdish Peshmerga forces have secured 10 villages around the town of Daquq, located not far from the city of Kirkuk in northern Iraq. In the operation--supported by Coalition aircraft--the forces lost 13 men to enemy action, including roadside bombs and "explosive rigged cars." It is another sign that, when supported by air strikes, […]
By Simon Kent. The Kurdish Regional Government (KRG) has released a statement saying it has put aside $75 million to pay three IOCs, Genel Energy, DNO and Gulf Keystone. The announcement follows payment disruption to the IOCs from the ongoing Baghdad--Erbil revenues and exports dispute. Additionally, the KRG has pledged regular payments, welcome news to the […]
By John Lee. A senior official at the Iraqi state-owned North Oil Company (NOC) has been assassinated in the city of Kirkuk. The incident occurred on Friday, claiming the life of Saad Ali Hussein, the head of pipeline maintenance at the company, and his driver. According to Reuters, Hussain was appointed NOC's chief of operations after […]
By Simon Kent. Sources at Ceyhan have told Reuters that there is insufficient oil in the Iraqi State Oil Marketing Organization (SOMO) tanks at the port to fill planned cargoes. Both BP and Spain's Cepsa have cancelled shipments, and no oil has gone to SOMO storage for the past ten days. According to sources, this […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Extremists Go Against The Grain: Security Crisis Sees Farmers' Harvests Halved in Northern Iraq As harvest time approaches for farmers in northern Iraq, the security crisis caused by the extremist […]
According to a report from BasNews, the Baghdad-Kirkuk highway was reopened on Monday, having been closed since March 2nd due to attacks and threats from the Islamic State (IS, ISIS, ISIL). For the moment, it is only open to personal vehicles, taxis and buses, and is not yet open to trucks. The Shi’ite militia group Hashid […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's Borders Will Not Be Drawn In Blood: Iraqi Kurdish Say They're Willing to Negotiate Disputed Territories For over almost a year the military forces from the semi-autonomous region of […]
By John Lee. The President of BP Iraq, Michael Townshend, has said that the company has extended an agreement with the Ministry of Oil to boost production at the Kirkuk oilfield. Reuters quotes him as saying "We had a letter of intent, which was for a year, and we extended that until the end of this […]
