By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iranian economy has spiraled out of control since a new set of US-enforced sanctions against trade with Iran went into force Aug. 7, as its currency value has been plummeting ever since while inflation rates are […]
Combined Joint Task Force Operation Inherent Resolve and its partners continue to pursue the lasting defeat of the Islamic State of Iraq and Syria in designated parts of Syria and Iraq, task force officials reported on Monday. Operation Roundup, which began May 1 to accelerate the defeat of ISIS in the Middle Euphrates River Valley […]
By Ahmed Tabaqchali. Originally published by Iraq in Context; re-published by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Current analysis of renewed Iran sanctions often overlooks the wider context of Iraq's regional trading relations. The extent of Iraq’s compliance with […]
By John Lee. The state-run Basra Oil Company (BOC) has signed a memorandum of understanding with US oil company Chevron to develop oil fields BOC announced the start of the first phase of work and cooperation with Chevron US to develop some oil fields and the establishment of a company. The Director-General pointed out that […]
Defeat-ISIS Forces Make Progress, Require Continued Coalition Support Forces battling the Islamic State of Iraq and Syria continue to make progress. However, the environment in Iraq and Syria is complex and the defeat-ISIS forces require continued support, coalition officials said today. Army Col. Sean Ryan, the spokesman for Operation Inherent Resolve, spoke to Pentagon reporters […]
By Youssef Ali. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. President Donald Trump’s decision to pull out of the nuclear deal and sign the executive order to reimpose sanctions on Iran has had a significant impact on the global oil markets. This move […]
Combined Joint Task Force Operation Inherent Resolve and its partners continued to strike Islamic State of Iraq and Syria targets in designated parts of Syria and Iraq between July 30 and Aug. 5, conducting 20 strikes consisting of 27 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported on Monday. Operation Roundup, which began […]
Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare gas for Nassiriya and Al Gharraf [Garraf] oilfields. The importance of the project was highlighted by the attendance of several high-level officials, including HE Jabbar Al-Luaib, the Minister […]
NATO’s Allied Joint Force Command in Naples is stepping out smartly to establish the alliance training mission in Iraq, said Navy Adm. James Foggo, the commander of the Joint Force Command, in a recent interview. Iraqi leaders asked the alliance to stand up the mission, and NATO heads of state approved the request during the […]
US-based Capstone Turbine Corporation has announced today it secured an order for a remanufactured C1000R microturbine to an oil and gas production site in Northern Iraq. The associated gas-fueled C1000R microturbine will act as the primary energy source for the remote site and will require minimal maintenance. Jim Crouse, Executive Vice President of Sales and […]
By John Lee. UK-bassed pharmaceutical company AstraZeneca has said it is the subject of an anti-corruption investigation in the US relating to its activities in Iraq In its latest quarterly filing with the Securities and Exchange Commission (SEC), the company said: "As previously disclosed, in the US, in October 2017, AstraZeneca and certain other pharmaceutical and/or medical device […]
Combined Joint Task Force Operation Inherent Resolve and its partners continue to pursue the lasting defeat of the Islamic State of Iraq and Syria in designated parts of Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today. Operation Roundup, which began May 1 to accelerate the defeat of ISIS in the […]
