US-based oil services company Halliburton has today announced it has signed two contracts with Eni Iraq BV to provide integrated drilling services at Eni’s Zubair oilfield in Southern Iraq. Under the contracts, Halliburton will mobilize four to six rigs to drill development wells over the next two years. Mahmoud El-Kady, vice president of the Iraq […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. There is a fight over energy in Iraq between the US and Iran. Iraq relies on Iranian gas for nearly half of its energy - gas that is now subject to US sanctions […]
By John Lee. US-based Schlumberger has won a deal with Iraq's Basra Oil Company (BOC) to drill 40 new wells at Majnoon oilfield. In a statement on Wednesday, the Ministry of Oil also announced that the BOC had entered into a 19-month contract with the Iraqi Oil Exploration Company to carry out 2D and 3D […]
By John Lee. More than 100 top executives from more than 50 US companies visitied Iraq last week as part of a US-Iraq trade mission. Steve Lutes, vice president of Middle East Affairs at the U.S. Chamber of Commerce, said: "We want to expand and diversify the US involvement in commercial activity [in Iraq] ... […]
By John Lee. US Energy Secretary Rick Perry spent the last two days trying to convince the Iraqi government that it's in its best interest to cut energy ties with Iran. But according to a report from Washington Examiner, his efforts have had limited success. Perry tweeted: "In bilateral meetings with Iraqi President @BarhamSalih, Prime Minister […]
By John Lee. Iraqi trade minister Mohammed Hashim has reportedly signed a deal on Thursday to import wheat and rice from the United States. According to Reuters, the agreement covers the first half of 2019. Meanwhile, Kurdistan 24 reports that a Russian delegation visited Baghdad this week to discuss exporting wheat to Iraq. (Sources: Reuters, […]
By John Lee. An American company have won a tender to supply a mine detector to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with Sarkar Tactical Ltd is valued at $129,768. (Source: UNGM)
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. As the United States enacts sanctions on Iran, Iran is increasing its influence in Iraq with plans for a railway that could work around US restrictions. The state-owned Islamic Republic of Iran […]
A former business partner of a U.S. military contractor was sentenced today to 18 months in prison for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military base in Kuwait during the Iraq War. Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division, Special […]
By Bijan Khajehpour for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The reimposition of US secondary sanctions has compelled Tehran to look for ways to reduce their negative impact. According to Iranian officials, one of the strategies is to increase trade […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With rising US pressure, Iran worries about losing ground in Iraq Iraqi President Barham Salih met with Supreme Leader of the Islamic Revolution Ayatollah Ali Khamenei Nov. 17 in Tehran, where Khamenei underlined […]
The co-owners and chief operating officer of one of the largest Iraqi dinar exchangers in the United States were convicted last month by a federal jury following a five-week trial. Tyson Rhame, James Shaw, and Frank Bell were each convicted of mail and wire fraud conspiracy, as well as multiple counts of mail and wire […]
