Iraq may Sell Oil through Iran if talks with KRG Fail

By John Lee. Iraq would reportedly consider selling crude through Iran if talks with Iraqi Kurdistan on an oil revenue-sharing agreement fail. Deputy Oil Minister Fayadh al-Nema told Reuters that Iraq’s State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly this week. He said “If the negotiations come […]

Lafarge signs Transport Deal for Cement

By John Lee. Lafarge Iraq has signed an agreement with Iraq’s General Company for Land Transportation (GCLT) to transport cement. The contract is the largest in the history of the GCLT, which is owned by Iraq’s Ministry for Transport. It will run for one year, and may be extended for five years. Lafarge Iraq is […]

Zain Iraq and Ericsson Extend Managed Services Deal

Zain Iraq and Ericsson have signed a three-year extension of their network and IT operation and optimization managed services agreement. Under the extended agreement, Ericsson will continue to optimize, transform and manage network and IT operations for Zain’s nationwide 3G mobile network in Iraq, which currently includes over 4,200 sites across the country. This agreement […]

New Career Opportunities in Iraq

By John Lee. The United Nations has advertised new positions in Iraq: Humanitarian Access and Safety Advisor, Danish Refugee Council (DRC) Security Driver, World Food Programme (WFP) Finance Associate, World Food Programme (WFP) Team Leader, Integrated Community Reconciliation, United Nations Development Programme (UNDP) Project Assistant, United Nations Development Programme (UNDP) Livelihood Development Consultant, United Nations […]

New Career Opportunities in Iraqi Kurdistan

By John Lee. The United Nations has advertised several new positions in Iraqi Kurdistan: Hygiene Promotion Strategy Development Consultancy, Norwegian Refugee Council (NRC) Grants Coordinator, Norwegian Refugee Council (NRC) GBV Officer, Norwegian Refugee Council (NRC) GBV Officer – Case Management, Norwegian Refugee Council (NRC) Security Officer, Norwegian Refugee Council (NRC) Safety Trainee, Danish Refugee Council […]

CoolClownFish’s Blog – Iraq Invites Investment in new Refineries, Storage Tanks

<p><em>By John Lee.</em></p>
<p>Iraq’s new oil minister, Jabbar al-Luaibi, has invited international oil companies to invest in four new oil refineries across the country:</p>
<ul>
<li>Kirkuk: 150,000 bpd;</li>
<li>Kut: 100,000 bpd;</li>
<li>Samawa: 70,000 bpd; and,</li>
<li>Basra: 100-150,000 bpd.</li>
</ul>
<p>Contracts will be considered on both BOT (Build–Operate–Transfer) and BOO (Build–Own–Operate) bases.</p>
<p>The Minister made the announcement during a visit to the <strong>Iraqi Drilling Company (IDC)</strong>, and said the Ministry will announce other projects in the near future.</p>
<p>According to a report from <em>Platts</em>, the ministry also plans to double Iraq’s crude oil storage capacity to 24 million barrels over the next few years through international investment.</p>
<p><em>(Sources: Ministry of Oil, Platts)</em></p>

<a href=”http://www.iraq-businessnews.com/2016/08/29/iraq-invites-investment-in-new-refineries-storage-tanks/”class=’bbc_url’ rel=’nofollow external’>Source</a>

Iraq Invites Investment in new Refineries, Storage Tanks

By John Lee. Iraq’s new oil minister, Jabbar al-Luaibi, has invited international oil companies to invest in four new oil refineries across the country: Kirkuk: 150,000 bpd; Kut: 100,000 bpd; Samawa: 70,000 bpd; and, Basra: 100-150,000 bpd. Contracts will be considered on both BOT (Build–Operate–Transfer) and BOO (Build–Own–Operate) bases. The Minister made the announcement during […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Aug 2016). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQ748 (-3.1%) / $753 (-3.1%) (weekly change) (-31.3% and -34.3% YTD change, respectively). The number of week traded […]

CoolClownFish’s Blog – Iraq asks Saudi Arabia to remove Ambassador

<p><em>By John Lee.</em></p>
<p><em>BBC News</em> reports that Iraq has called on Saudi Arabia to replace its ambassador to Baghdad over comments he made about Iran’s involvement in Iraq.</p>
<p>Thamer al Sabhan had said Iranian-backed Shia militia are aggravating tensions with Sunni Muslims in Iraq, and allegedly accused the militia of trying to assassinate him.</p>
<p>The Saudi embassy in Baghdad only reopened in December after being closed since the Iraqi invasion of Kuwait more than 25 years ago.</p>
<p><em>(Source: BBC News)</em></p>

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Iraq asks Saudi Arabia to remove Ambassador

By John Lee. BBC News reports that Iraq has called on Saudi Arabia to replace its ambassador to Baghdad over comments he made about Iran’s involvement in Iraq. Thamer al Sabhan had said Iranian-backed Shia militia are aggravating tensions with Sunni Muslims in Iraq, and allegedly accused the militia of trying to assassinate him. The […]

CoolClownFish’s Blog – Coalition Strikes Target ISIL Terrorists in Iraq, Syria

<p>U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today.</p>
<p>Officials reported details of the latest strikes, noting that assessments of results are based on initial reports.</p>
<p><strong>Strikes in Syria</strong></p>
<p>Fighter aircraft conducted two strikes in Syria:</p>
<ul>
<li>Near Abu Kamal, a strike destroyed an ISIL wellhead.</li>
<li>Near Raqqah, a strike destroyed an ISIL pumpjack.</li>
</ul>
<p><strong>Strikes in Iraq</strong></p>
<p>Attack, bomber, fighter and ground attack aircraft conducted 13 strikes in Iraq, coordinated with and in support of Iraq’s government:</p>
<ul>
<li>Near Bashir, a strike destroyed an ISIL checkpoint.</li>
<li>Near Haditha, a strike struck an ISIL tactical unit and destroyed a fighting position.</li>
<li>Near Mosul, two strikes struck an ISIL tactical unit, destroyed three vehicles and a mortar position.</li>
<li>Near Qayyarah, a strike struck an ISIL tactical unit, destroyed a mortar system, a vehicle, five assembly areas, a supply cache, a front-end loader and denied access to terrain.</li>
<li>Near Ramadi, two strikes struck an ISIL tactical unit, a vehicle and a boat and damaged a fighting position.</li>
<li>Near Sultan Abdallah, a strike struck an ISIL security headquarters.</li>
</ul>
<p>Task force officials define a strike as one or more kinetic events that occur in roughly the same geographic location to produce a single, sometimes cumulative, effect. Therefore, officials explained, a single aircraft delivering a single weapon against a lone ISIL vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against buildings, vehicles and weapon systems in a compound, for example, having the cumulative effect of making those targets harder or impossible for ISIL to use. Accordingly, officials said, they do not report the number or type of aircraft employed in a strike, the number of munitions dropped in each strike, or the number of individual munition impact points against a target. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike.</p>
<p><strong>Part of Operation Inherent Resolve</strong></p>
<p>The strikes were conducted as part of <a id=”anch_95″ href=”http://www.defense.gov/News/Special-Reports/0814_Inherent-Resolve”target=”_blank”>Operation Inherent Resolve</a>, the operation to eliminate the ISIL terrorist group and the threat they pose to Iraq, Syria, and the wider international community. The destruction of ISIL targets in Syria and Iraq further limits the terrorist group’s ability to project terror and conduct operations, officials said.</p>
<p>Coalition nations that have conducted strikes in Iraq include the United States, Australia, Belgium, Canada, Denmark, France, Jordan, the Netherlands and the United Kingdom. Coalition nations that have conducted strikes in Syria include the United States, Australia, Bahrain, Canada, France, Jordan, the Netherlands, Saudi Arabia, Turkey, the United Arab Emirates and the United Kingdom.</p>
<p><em>(Source: US Dept of Defense)</em></p>

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Coalition Strikes Target ISIL Terrorists in Iraq, Syria

U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Fighter aircraft conducted two […]