By John Lee. Deceptive shipping practices are reportedly being used in an attempt to conceal cargoes of sanctioned Iranian fuel oil being shipped via the Iraqi port of Khor al-Zubair. Writing in Lloyds List, Michelle Wiese Bockmann gives details of a network of shell companies running 'dark' tankers to transport the sanctioned fuel. Click here […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Accusations are flying about oil smuggling in Iraq's Ninevah province, and many accusers say government officials, armed factions and other powerful parties are involved. Representatives of the province, including parliament member Ahmed al-Jubouri, have said recently […]
By John Lee. BasNews reports that the Kurdistan Workers' Party (PKK) is planning to extract crude oil in the border areas it controls in the Kurdistan Region and transport it to Iran by truck. According to some local sources, a PKK team is building a new 5-km road across the border areas of Kurdistan Region […]
By John Lee. The Speaker of the Iraqi Parliament has said that the ability of the so-called Islamic State militant group (IS, ISIS, ISIL, Daesh ) to profit from illicit oil sales has declined, as the terrorists lose control over the captured territories. Saleem Jubouri (pictured) told Sputnik: "Daesh used [oil] fields to earn money, especially […]
