By John Lee. Axeon Specialty Products said on Friday that it received a cargo of crude oil from of Kurdistan's Shaikan oilfield in June, despite the Iraqi government's attempts to block independent exports of crude by the Kurdistan Regional Government (KRG). The oil was delivered to the company's refinery in Paulsboro, New Jersey (pictured). A […]
By John Lee. A 51-year-old American has been charged in federal court with defrauding the co-founders and investors of a company out of approximately $175,000, relating to proposed investments in Iraq. Prosecutors in Connecticut assert that Joseph T. Morris claimed to have extensive military and business experience in Iraq, and was the company’s in-country manager […]
The KRG Minister of Natural Resources, Ashti Hawrami (pictured), commented today (Wednesday) on the Iraqi federal government’s petition to a US court to seize crude oil produced in the Kurdistan Region. “The KRG’s lawyers sent a letter to a court in Texas to explain the misrepresentations of the Iraqi federal government. The Iraqi federal government […]
By Patrick M Schmidt. Despite a ruling yesterday that allowed United States Marshals to seize Kurdish oil onboard the United Kalavrvta, a federal judge overturned their own decision. Given the distance of the tanker from American shores, the United States Marshals could not have legally seized the cargo. The judge instead suggested that the dispute […]
By Patrick M Schmidt. The Iraqi Ministry of Oil has successfully obtained the documentation needed to seize oil from the United Kalavrvta and place it under the protection of the United States Marshals. The value of the ship’s payload is approximately $100 million dollars (1.2 billion Iraqi dinars). The oil onboard had been “illegal” piped […]
By John Lee. A former contractor has been extradited from Iraq after six years on the run, making him the first person to be returned to the United States under the U.S.-Iraq extradition treaty of 1936. Metin Atilan, 54, who has dual U.S. and Turkish citizenship, pleaded not guilty to fraud and conspiracy charges on […]
By Patrick M Schmidt. On Sunday, the United States Coast Guard granted permission for the Kurdish oil tanker, United Kalavrvta, to offload its payload of crude oil from Kurdistan Regional Government (KRG) controlled oilfields in northern Iraq. The State Department further indicated that they would not prevent tanker from offloading at port in Galveston, Texas […]
By John Lee. The Iraqi government is reportedly threatening to cancel the strategic framework agreement (SFA) it signed with the US in 2008, because of a delay in the supply of 36 F-16 fighter jets. Air Force Technology cites a U.S. official as saying that the plan to deliver the F-16s and Apache helicopters is […]
By John Lee. The Pentagon said on Tuesday that the US has sent Apache attack helicopters (pictured) to Iraq. The Hill reports that officials would not say how many of the armed helicopters have been sent to the country, stating only that they will be based in Baghdad and could assist with evacuations of American […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ayad Allawi, the former Iraqi prime minister and leader of the Iraqi Nationalist ("Wataniya") Party, blamed the Iraqi government for policies that have allowed it to be "defeated by a bunch of […]
By Andrew Parasiliti for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s ambassador to US: war with ISIS 'acid test' of US-Iraq ties Iraq’s ambassador to the United States said June 26 that his country’s preference is to rely on US military assistance […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Does Iraq need U.S. airstrikes, if it has Syria? CNN's Jim Sciutto reports.
