By John Lee. The Iraqi President, Abdul Latif Rashid, has addressed the UN's Water Conference in New York, calling on Turkey to increase cooperation on water management. He also called for a permanent committee to establish regional, basin-wide agreements, with a practical enforcement mechanism under the auspices of the United Nations, to ensure an adequate […]
IBBC members celebrate the launch of University of London in Erbil with GEMS and partners at Senate house. On 15 March at Senate House, GEMS and University of London celebrated the relationship between GEMS and the University of London and partners, including Cambridge Education and Stirling Education, and the launch of its new campus in […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading up nearly five percent on Thursday after the company announced its results for the full year ended 31 December 2022 and the 2022 Competent Person's Report: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We delivered strong operational and financial performance in 2022 […]
DNO ASA, the Norwegian oil and gas operator, today reported that cumulative oil production from its Peshkabir field in the Kurdistan region of Iraq has broken through the 100 million-barrel milestone less than six years after startup. The field was initially estimated to contain proven and probable reserves of 75 million barrels of oil commingled […]
From Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq 20 years on: Insider reflections on the war and its aftermath This Chatham House essay collection, published to mark 20 years since the 2003 US-led invasion of Iraq, brings together the observations […]
IATA awards Al-Burhan Group first ever Regional Training Provider (RTP) license in Iraq Al-Burhan Group are pleased to announce its partnership with IATA in forming a Regional Training Provider (RTP) Centre in Baghdad, Iraq. The first of its kind ever in Iraq. We hope that this unique and leading facility will guide multiple organizations and […]
By John Lee. The Director General of Iraqi Railways has held a meeting with a delegation from the French shipping company CMA CGM. The delegation presented a study on transporting containers via rail through the country. The Director General stated that the Ministry of Transport, under the directives of Mr. Razzaq Muhibis Al-Saadawi, the Minister […]
Shares in Genel Energy rose nearly five percent on Wednesday as it announced its audited results for the year ended 31 December 2022. Paul Weir, Chief Executive of Genel, said: "Our production business generated record cash flow in 2022, building our significant financial resources and resulting in a net cash balance at the end of […]
The Chief Executive of the Islamic Republic of Iran Railways (RAI) has said that Iran and Iraq have agreed to resume the construction operation of the Shalamcheh-Basra Railway and relaunching of the hybrid Tehran-Karbala train. Mi'ad Salehi, the CEO of the Islamic Republic of Iran Railways, in a post on his Twitter account wrote: "In […]
By John Lee. The International Court of Arbitration of the International Chamber of Commerce (ICC) has released its findings in the arbitration case between Iraq Telecom Limited, a subsidiary of Kuwait's Agility Public Warehousing Company KSCP, and International Holdings Limited, an affiliate of Agility, as claimants; and Korek Telecom Limited and Sirwan Saber Mustafa Barzani, […]
By John Lee. The Iraqi Cabinet has approved the recommendation of the Ministerial Energy Council regarding a settlement agreement with the South Korean company Kogas, the operator of the Akkas gas field. The agreement includes a payment of USD 49 million in crude oil, to be made by the State Oil Marketing Organization (SOMO). According […]
By John Lee. NATO Secretary General Jens Stoltenberg welcomed Iraqi Foreign Minister Fuad Hussein to NATO Headquarters on Monday (20 March 2023). The Secretary General thanked Iraq for its commitment to its partnership with NATO, particularly with respect to fighting international terrorism and promoting stability in the region. Mr Stoltenberg underscored that NATO continues to […]
