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  • Investors Iraq News's Avatar
    Today, 01:55 AM
    By John Lee. Iraq’s National Investment Commission (NIC) has included five oil storage facilities in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Bin Omar field for crude oil in Basra Province, with a design capacity of 22x 66000 m3 (first phase) and 9x 66000 m3 (second phase). Mosul field for Petroleum Products/ Gasoline 4x 10000 m3, Diesel Fuel 3x 10000 m3 and Kerosene 3x 10000 m3 in Mosul Province. Tuba field for Petroleum Products/ Gasoline 4x 20000 m3, Diesel Fuel 2x 20000 m3, Kerosene 3x 10000 m3 and Jet fuel 2x 50000 m3 in Basra Province. Aziziya field for Petroleum Products/ Gasoline 2x 10000 m3, Diesel Fuel 1x 10000 m3 and Kerosene 1x 10000 m3 in Kut. Samara’a field for Petroleum Products/ Gasoline 4×2500 m3, Diesel Fuel 2×5000 m3 and Kerosene 2×5000 m3 in Saladin Province. The full 46-page document can be downloaded here. (Source: NIC) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 17 view(s)
  • Investors Iraq News's Avatar
    Today, 01:55 AM
    Genel Energy has announce that it has agreed with the Kurdistan Regional Government (KRG) a 12 month extension to the schedule for satisfying the conditions precedent (‘CPs’) contained within the Gas Lifting Agreements (‘GLA’s) for the Bina Bawi and Miran fields signed in February 2017. The revised date by which the CPs are to be satisfied or waived is 9 February 2019. The CPs contained within the February 2017 GLAs included, inter alia, the execution of final agreements on the midstream gas processing facilities and pipeline transportation, and the completion of updated competent person’s reports (‘CPRs’) for Bina Bawi and Miran. The CPRs relating to the contingent gas resources at the Bina Bawi and Miran West fields have recently been completed, details of which were announced on 19 January 2018. (Source: Genel Energy) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 12 view(s)
  • Investors Iraq News's Avatar
    Today, 01:55 AM
    By John Lee. The European Union has adopted a new strategy on Iraq, following the joint communication by the High Representative and the Commission on elements for an EU strategy on Iraq adopted on 8 January 2018. Among other items, the EU called on the Government of Iraq and the Kurdistan Regional Government to engage in a constructive and result-oriented dialogue on immediate issues, providing a foundation for a more detailed discussion on all open questions and towards a more stable and mutually beneficial long-term relationship based on the full application of the Iraqi constitution, including its provisions on Kurdish autonomy. The full 23-point strategy document can be read here. (Source: European Council) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 16 view(s)
  • 40plus's Avatar
    Today, 01:55 AM
    Proud enough to kick your Euro-trash, candy-ash all over town, should you in person speak such potty mouth. Resistance is futile.
    6661 replies | 398829 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 11:54 PM
    By John Lee. The Ministry of Oil announced the renewal of the agreement to supply Egypt with 12 million barrels of crude oil for one year. Ministry spokesman Assim Jihad said that the agreement will be renewed with the same conditions, starting from January 2018. (Source: Ministry of Oil) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 15 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 11:54 PM
    At least one in four children in Iraq impacted by conflict and povertyAt the upcoming Kuwait conference, UNICEF calls for immediate and massive additional investment in education; a key for lasting peace and progress in Iraq Statement by UNICEF Regional Director, Geert Cappelaere, following his visit to Iraq: “Iraq today hosts one of UNICEF’s largest operations in the world, responding with humanitarian and development assistance to the needs of the most vulnerable girls and boys across the country. “More than 4 million children have been impacted by extreme violence in several areas including in Ninewa and al-Anbar. Last year alone, 270 children were killed. Many were robbed of their childhood, forced to fight on the frontlines. Some will bear the physical and psychological scars for life due to exposure to unprecedented brutality. Over 1 million children were forced to leave their homes. “While the fighting has come to an end in several areas, spikes of violence continue in others. Just this week, three bombings went off in Baghdad. Violence is not only killing and maiming children; it is destroying schools, hospitals, homes and roads. It is tearing apart the diverse social fabric and the culture of tolerance that hold communities together. “In the northern city of Mosul, a place that witnessed unspeakable destruction, I met children who were hit hard by three years of violence. In one of the schools that UNICEF recently rehabilitated in the western parts of Mosul, I joined 12-year-old Noor in class. She told me how her family stayed in the city even during the peak of the fighting. She spoke of her fear when she was taking shelter. She lost three years of schooling and is now working hard to catch up, learning English with other boys and girls. “Mankind may have proven once again in Mosul and other parts of Iraq its massive power to destroy and destruct. But another much stronger power left a deeper impression: the determination to rebuild and get on with life. Children were so excited speaking of their aspirations, sharing their happiness of being able to play and study again. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 15 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 11:54 PM
    By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.* Rivals may Team Up to Defeat Iraqi Prime Minister AbadiTwo former adversaries appear to be warming up to each other*to collaborate in*Iraq’s*presidential and parliamentary elections set for*May —*possibly at the expense of the nation’s top politician. Iraqi Prime Minister Haider al-Abadi*now faces a potential rapprochement between two of his rivals:*Vice President Nouri al-Maliki and Massoud Barzani. Maliki is the current leader of the Islamic Dawa Party, and Barzani is head of the Kurdistan Democratic Party (KDP) and former president of the Kurdistan Regional Government (KRG). No one actually expected a rapprochement between Maliki and Barzani. However, their need to achieve their targets in the upcoming elections and to tame Abadi*pushed both rivals to bridge the gap that opened between them in 2010 and lasted through 2017. The last time*Maliki and Barzani agreed*on anything was when all political coalitions*decided to renew Maliki’s four-year*term as prime minister in 2010. On Dec. 23, during an interview with Kurdish media outlet Rudaw (which is funded by Barzani’s nephew), Maliki said, “Punishing Kurdish people in order to get more votes in elections is shameful, unethical, non-patriotic*and illegitimate.”*He was referring to the Abadi*government’s continued refusal to pay wages to the employees of the Iraqi Kurdistan Region. It was actually Maliki who introduced the pay sanction during his tenure as prime minister*over an oil dispute. Barzani’s KDP has changed its*discourse toward*Maliki*since the latter made that statement.*Maliki is no longer blamed for the “starvation”*of Kurdish people or for working against the KRG.*Statements describing him as harsher on Kurds than Saddam Hussein*—*as Barzani said in August — are no longer heard. In fact, some KDP leaders are now saying that Maliki wants to resolve the conflict*between the central government in Baghdad and the KRG in Erbil. One of the deputies of the Dawa Party told Al-Monitor on condition of anonymity that Maliki is discussing whether the rapprochement with the KDP would become an actual alliance*and how such an alliance might affect the future of the*Dawa Party’s candidates*in leading the next government. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 14 view(s)
  • calstar's Avatar
    Yesterday, 07:05 PM
    calstar replied to a thread Warka Bank news? in Warka Bank News
    I sent 6 emails so far nothing. They were sent at 3:00 am Monday,Tuesday and Wednesday.
    6 replies | 394 view(s)
  • Brazileiro's Avatar
    Yesterday, 04:50 PM
    Only contact from anyone at Warka is when I renewed my password. Emails asking them about services or requesting a CD or wire transfer etc. have been ignored so far. Most times my emails are read around 11-11:30 am baghdad time so you may want to send your email around 10:30 am. That's what I have done... Good luck and let us know if you hear anything!
    6 replies | 394 view(s)
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