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  • Investors Iraq News's Avatar
    Yesterday, 01:13 PM
    By John Lee. Iraq’s Ministry of Oil has hit back at Rosneft‘s recent decision to enter a production-sharing deal with the Kurdistan Regional Government (KRG) without its approval. In a statement, the Ministry warned: “The ministry of oil warns seriously all the countries and oil companies from contracting or dealing with any authority inside Iraq without taking the approval from the federal government and the ministry of oil”. Oil Minister Jabar Ali al-Luaibi (pictured) added: “… irresponsible statements from some of the officials inside & outside Iraq or the foreign companies about their intention to sign oil contracts with any authority inside the geographic borders of Iraq without telling the federal government or the ministry of oil, is considered as a Blatant interference in the internal affairs and a derogation from national sovereignty, and an outright violation of international norms.” Rosneft boss Igor Sechin insisted that the company strictly followed the law. AFP quotes him as saying: “If there are problems between the government of Iraq and Kurdistan they need to solve the problems themselves … I am not a politician, my job is to produce oil.” In addition to the production-sharing deal, Rosneft has just agreed to start work on a new oil pipeline project in Iraqi Kurdistan. (Sources: Iraqi Ministry of Oil, AFP) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:13 PM
    Russia’s Rosneft and Kurdistan Regional Government (KRG) have announced the start of joint implementation of an infrastructure project for the operation of the oil pipeline in the Kurdish Autonomous Region. According to a statement from Rosneft, its share in the project “may amount to 60%“. “The other project participant with 40% share will be KAR Group, who is the current pipeline operator,” it added. Rosneft Chief Executive Officer Igor Sechin (pictured) said: “The entry into the infrastructure project will contribute to achievement of Rosneft’s strategic objectives and will enable Rosneft to enhance the efficiency of oil transportation to the end customers including supplies to the Company’s refineries in Germany”. (Source: Rosneft) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:13 PM
    In a statement released on October 18, the Kurdish Independent High Electoral and Referendum Commission (IHERC) said it had decided to suspend the preparations for the upcoming presidential and parliamentary elections, due to be held on November 1, due to the recent violence in Kirkuk and other disputed territories. The suspension is due to not receiving “the names of candidates on the scheduled dates and because of the recent development in Kirkuk and the disputed areas,” the IHERC statement said. It said “the suspension will continue until the parliament of Kurdistan region will take a decision about the matter.” (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:13 PM
    Gulf Keystone Petroleum (GKP) confirmed on Friday morning that its operations in Kurdistan continue safely and securely with the Company achieving average production of 34,525 bopd from Shaikan since the beginning of October 2017. Shaikan is performing as expected with cumulative production from the field now at 42.4 million barrels, an average of 35,966 bopd in 2017. The Company is on track to meet gross production guidance of 32,000-38,000 bopd for the year. In line with the Ministry of Natural Resource’s crude export strategy, Shaikan crude production is still being exported via trucks to Turkey. Trucking operations continue uninterrupted with approximately 200 trucks loaded daily. Following the recent payment for the October 2017 Reinstated Notes coupon of $5 million, the Company’s current cash position is $147.2 million. Gulf Keystone will keep the market appraised of any changes to its normal operations. Commenting on today’s announcement, CEO, Jón Ferrier, said: “We remain committed to ensuring safe and secure operations in Kurdistan, and we continue to monitor the geo-political situation closely. Despite the challenges facing the region, we are maintaining stable operations.” (Source: Gulf Keystone) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 34 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:13 PM
    The Council of Ministers of the Kurdistan Regional Government held a meeting on Thursday to discuss the latest developments in the region. Prime Minister Nechirvan Barzani and Deputy Prime Minister Qubad Talabani attended the meeting and discussed the situation in Kirkuk and other areas that witnessed tensions and clashes this week. The Council of Ministers welcomed Iraqi Prime Minister Haider Al-Abadi’s call for negotiations in order to address the issues between the Kurdistan Regional Government and Iraqi Federal Government, within the framework of the federal constitution, and based on partnership and consensus. It also called on the international community to help the two sides to start and conduct the talks. The Council of Ministers reiterated that the Kurdistan Regional Government has always been ready for dialogue and negotiations with Baghdad. In a statement after the meeting, the Council of Ministers said that history has proven that the will of the people of Kurdistan will not be shaken by military actions, and the issues of Iraq will not be solved militarily. The Council of Ministers also instructed relevant authorities to provide assistance for the people from Kirkuk and Tuz Khormatu, who fled their homes due to the recent violence. The Council also thanked the people and KRG agencies for their outpouring support for the displaced. The Council of Ministers of the Kurdistan Regional Government extended its condolences to the family and friends of member of Kurdistan Parliament, Shwan Qaladzayee, who lost his life in a car accident. (Source: KRG) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 28 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:13 PM
    The United Nations is concerned about reports regarding the destruction and looting of houses, businesses and political offices, and forced displacement of civilians, predominantly Kurds, from disputed areas. The United Nations has received allegations of the burning of about 150 houses in Tuz Khurmatu on 16 and 17 October, by armed groups. There were also allegations that up to 11 houses which reportedly belonged to Kurdish families and officials of Kurdish political parties were destroyed by explosives in the city. There were also reports of attacks against political offices of Turkmen parties in the Kirkuk Governorate. The United Nations takes note of Prime Minister Haider al-Abadi’s acknowledgement of incidents caused by what he described as extremist elements from both sides and his decision to send the Iraqi army to restore order in Tuz Khurmatu, as well as the calls by the political and security leaderships of the country requesting federal and local security forces to ensure and act in full respect for law and order and protect civilians and political leaders. The United Nations urges the Government of Iraq to take every action to halt any violations and ensure that all civilians are protected and that the perpetrators of acts of violence, intimidation and forced displacement of civilians be brought to justice. (Source: United Nations) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 33 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:13 PM
    By John Lee. The United Nations has advertised new positions in Iraq: GBV Manager, International Medical Corps MHPSS Consultant, International Medical Corps Field Coordinator, International Medical Corps Program Coordinator, International Medical Corps Community Liaison Manager, Mines Advisory Group (MAG) Human Resources Assistant, Norwegian Refugee Council (NRC) Administration Officer, Norwegian Refugee Council (NRC) Admin Assistant, Norwegian Refugee Council (NRC) Education Project Coordinator, Norwegian Refugee Council (NRC) Health Program Manager, Save the Children Senior Advisor Stabilisation,*United Nations Development Programme (UNDP) Associate Political Affairs, United Nations Assistance Mission for Iraq (UNAMI) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 32 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 01:13 PM
    By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Finance Head of Department, Action contre la Faim – ACF International MEAL Officer, Action contre la Faim – ACF International Mental Health and Care Practices/MHPSS Head of Department, Action contre la Faim – ACF International Emergency Team Leader, Oxfam Public Information Officer, Office for the Coordination of Humanitarian Affairs (OCHA) Finance Officer (Pooled Fund Manager), Office for the Coordination of Humanitarian Affairs (OCHA) Humanitarian Affairs Officer / Reporting Officer, UN Office for Project Services (UNOPS) Project Manager (OFDA), Agency for Technical Cooperation and Development (ACTED) Project Development Officer, Agency for Technical Cooperation and Development (ACTED) (Source: UN) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 37 view(s)
  • Wolverine's Avatar
    Yesterday, 10:41 AM
    https://www.bloomberg.com/news/articles/2017-10-18/iraq-turmoil-threatens-billions-in-oil-trader-deals-with-kurds The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried the country’s autonomous Kurdish region will struggle to repay billions of dollars in cash-for-oil loans. The approximately $3.5 billion in debts were going to be met with the roughly 500,000 to 600,000 barrels a day of crude that the northern region of Iraq was pumping, according to people familiar with the information, asking not to be named discussing private information. But output has now collapsed to about half that level after the federal government in Baghdad recaptured some oilfields that the Kurds seized in 2014. read entire article here
    0 replies | 52 view(s)
  • Investors Iraq News's Avatar
    10-19-2017, 09:34 AM
    By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi (pictured) has asked UK-based BP to develop the disputed Kirkuk oilfields. The move comes just a day after Baghdad regained control of the area from Kurdish forces. Control of the field remains split between the Kurdistan Regional Government (KRG) and Baghdad’s North Oil Company (NOC). According to the Financial Times, BP’s chief executive Bob Dudley said before lunchtime yesterday that he had not yet heard from the Iraqi oil minister, but indicated the company could be interested. (Sources: Ministry of Oil, Financial Times) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 52 view(s)
  • Investors Iraq News's Avatar
    10-19-2017, 09:34 AM
    Genel Energy has issued a trading and operations update for Q3 2017. The information has not been audited and may be subject to further review. Murat Özgül (pictured), Chief Executive of Genel, said: “During the quarter Genel executed a landmark settlement agreement with the KRG over historical receivables, which we expect to materially enhance our cash flows going forward. Ahead of those payments commencing we continued to generate meaningful free cash flow, resulting in a further 13% reduction in net debt during the period. “Our operations in the Kurdistan Region of Iraq are progressing as normal – exports are continuing from Taq Taq and Tawke, payments are being received on time, and operations are proceeding at both fields, with testing now underway on the TT-29w well.“ Q3 2017 OPERATING PERFORMANCE Q3 2017 net production averaged 33,810 bopd, with production for the nine months ending September 2017 averaging 36,030 bopd Production and sales by field during Q3 2017 were as follows: Tawke PSC (Genel 25% working interest) Tawke PSC production in Q3 averaged 110,460 bopd, including long-term test production from the Peshkabir-2 well of 4,670 bopd. In 2017 to date, the Tawke partners have drilled ten wells, including the Peshkabir-2 and 3 wells, four Cretaceous producers, three Jeribe producers and a Jeribe water injector A further four development wells are planned on the Tawke PSC by year-end 2017 – two Cretaceous producers, one Jeribe producer and a Jeribe water disposal well Peshkabir-3 well operations are ongoing, with results expected later in Q4. The Peshkabir early production facility remains on track to be installed by the end of 2017 Taq Taq PSC (Genel 44% working interest) Taq Taq field production in Q3 averaged 14,080 bopd, and production has averaged 13,570 bopd during October 2017 to date The TT-29w well, which is appraising the northern end of the Taq Taq field, reached target depth of 3,100 metres in early September 2017. A testing programme is now underway. Further development of the Cretaceous reservoir has been deferred pending results of the TT-29w testing programme The EDC-24 rig has moved to the TT-30 well location, with two shallow horizontal wells set to be drilled in the Pilaspi reservoir before the end of the year Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 61 view(s)
  • Investors Iraq News's Avatar
    10-19-2017, 12:21 AM
    Petrofac has been awarded a contract, valued at around US$30 million, to undertake Project Management Consultancy (PMC) services for the Halfaya Contract Area (Halfaya) in southern Iraq. Working in support of PetroChina International Iraq FZE (PetroChina), as the lead operator of Halfaya, Petrofac’s Engineering and Production Services (EPS) East business will undertake project management services for five years. Petrofac is responsible for managing and supervising the development and progress of several engineering, procurement and construction work scopes including: the central processing facility, power plant expansion, gas process plant and all associated facilities. For each work scope, activities will include the management of detailed design, procurement, construction and commissioning. Manivannan Rajapathy, Managing Director, Petrofac EPS East said: “This important award reflects our growing capabilities in a core market. Through the provision of PMC services, we are demonstrating our competence and capabilities to oversee large programmes of work. This builds upon our long track record for in-country execution for existing clients, through the delivery of engineering, operations, maintenance and training activities. “We are pleased to have the opportunity to support PetroChina and the Halfaya partners in the delivery of this key infrastructure project. Our focus is to support sustained production, through the successful conclusion of each phase, towards the overall production plateau target of around 400,000 barrels per day.” (Source: Petrofac) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 46 view(s)
  • Investors Iraq News's Avatar
    10-19-2017, 12:21 AM
    Russian state-controlled oil company Rosneft and the Government of the Kurdish Autonomous Region of Iraq signed the documents required to put into force Production Sharing Agreements (PSA) with respect to five production blocks located in the Kurdish Autonomous Region. The share of Rosneft Group Subsidiaries in PSA will be 80%, the amount of payments for the projects farm-in and geological information for each of* five blocks ranges from 40 mln. USD *to 110 mln. USD and may total to 400 mln.USD (incl. 200 mln.USD that can be compensated by oil produced from block), the heads of terms of the agreements and the basic principles of product distribution are similar to the PSA in Iraqi Kurdistan that were signed by other international oil and gas companies. The parties agreed to implement the geological exploration program and to start pilot production as early as in 2018. In case of success, in 2021 it is planned to start full-field development of the blocks. According to conservative estimates, the total recoverable oil reserves at five blocks may be about 670 million barrels. The documents were signed in pursuance of the Investment Agreement which was concluded at the St. Petersburg International Economic Forum in 2017. (Source: Rosneft) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 45 view(s)
  • Investors Iraq News's Avatar
    10-19-2017, 12:21 AM
    By*Dr. Olgu Okumu? for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. On Sept. 28, when Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan jointly stated their support for the sovereignty and territorial integrity of Iraq, they also made a point of stressing their countries’ continued commitment to two joint mega energy projects: the Turkish Stream gas pipeline and the Akkuyu nuclear power plant. The success of these projects would diminish the importance of the Kurdistan Regional Government (KRG) as a regional economic actor, pushing the significance of its oil and gas resources into the background. Given the KRG’s apparent hope to leverage such resources as part of a continued drive for independence — a drive Erdogan has said would lead to “even more serious mistakes” by the KRG — Erdogan and Putin’s joint statements are worthy of increased scrutiny. This was*the second visit by the Russian leader to Turkey since the improvement in relations that has taken place*after ties suffered a major blow when Turkish forces shot*down a Russian jet in November 2015. Putin’s first visit, in October*2016, was also energy-inspired, as it occurred at Erdogan’s invitation to participate in the*23rd World Energy Congress. Last week’s meeting was labeled a “solely pragmatic*meeting” by the Kremlin, because it covered several essential bilateral trade issues,*such as*Turkey’s purchase of Russia’s S-400 missile system, Russia’s embargo on*Turkish tomatoes*and the two countries’ joint energy projects. At the leaders’ press conference, they stressed their discussions on energy projects, while also*commenting on international security issues such as Syria and the KRG*independence referendum. Turkey*needs a cooler relationship with the KRG. Since*January 2013, the Turkish-British joint venture Genel Energy’s truck-based deliveries from the KRG have been bypassing the Baghdad-controlled Kirkuk-Yumurtalik oil pipeline; the oil has*instead been going to Turkey’s*Ceyhan port on the Mediterranean Sea. This had already prompted concerns about the KRG’s drive for economic and political independence, and pushed*Ankara*into*the middle of an international diplomatic crisis. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 45 view(s)
  • Investors Iraq News's Avatar
    10-19-2017, 12:21 AM
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting seven strikes consisting of eight engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition military forces conducted two strikes consisting of three engagements against ISIS targets near Abu Kamal yesterday. The strikes engaged an ISIS tactical unit and destroyed two vehicle-borne-bomb factories and an ISIS headquarters. Officials also provided details today about three strikes consisting of three engagements conducted Oct. 16 near Raqqa for which the information was not available in time for yesterday’s report. The strikes suppressed three ISIS communication lines. Strikes in Iraq In Iraq, coalition military forces conducted five strikes consisting of five engagements yesterday against ISIS targets: Near Qaim, two strikes destroyed three ISIS vehicle-borne-bomb factories, an ISIS-held building and a munition production and storage facility. Near Beiji, two strikes destroyed an ISIS vehicle-borne bomb and an ISIS tunnel. Near Rawa, a strike engaged one ISIS tactical unit. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does 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. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 50 view(s)
  • Lenmon's Avatar
    10-18-2017, 06:49 PM
    got my stock portfolio today, i requested it on the 16th
    14 replies | 1288 view(s)
  • Lenmon's Avatar
    10-18-2017, 06:44 PM
    I sent on 10/16 Dear Sir, Please find attached your updated stock statement for your stocks and shares held under the name of our proxy company. Best regards, ISX Department Warka Bank for Investment and Finance
    0 replies | 94 view(s)
  • Investors Iraq News's Avatar
    10-18-2017, 06:57 AM
    By John Lee. The State Company for Glass & Refractories Industry (SCG&R), one of the Ministry of Industry and Minerals (MIM) companies, has announced an following investment opportunity at the following factories: Rehabilitation & operation of Ceramic Wall Tiles Factory Rehabilitation & operation of Ceramic Floor Tiles Factory Rehabilitation & operation of Ceramic Sanitary Ware Factory Full details available here. (Source: National Investment Commission) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 50 view(s)
  • Investors Iraq News's Avatar
    10-18-2017, 06:57 AM
    US-based security company Triple Canopy has agreed to pay $2.6 million to settle civil False Claims Act allegations that the company submitted false claims for payment to the Department of Defense for unqualified security guards stationed in Iraq. “Contractors must be held accountable for their actions, especially when the safety of government personnel is at stake” said Dana J. Boente, U.S. Attorney for the Eastern District of Virginia. “This settlement should remind contractors of the high value we place on safeguarding our personnel abroad.” The allegations stem from Triple Canopy’s one-year contract with the Joint Contracting Command in Iraq (JCC-I), an entity established to provide contracting support related to the government’s relief and reconstruction efforts in Iraq. Under the 2009 contract, Triple Canopy was required to perform a variety of security services at Al Asad Airbase, the second largest air base in Iraq.*** The government’s complaint in intervention alleges that Triple Canopy knowingly billed the United States for security guards who could not pass contractually required firearms proficiency tests. The tests were designed by the Army to ensure that the guards hired to protect U.S. and allied personnel were capable of firing their assigned weapons safely and accurately. The government further alleges that Triple Canopy concealed the guards’ inability to satisfy the firearms testing requirements by creating false test scorecards that Triple Canopy was required to maintain for government review, in an effort to induce the government to pay for the unqualified guards.**** Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 52 view(s)
  • Investors Iraq News's Avatar
    10-18-2017, 06:57 AM
    Ali Akbar Velayati, a senior member of Iran’s Expediency Council, rejected the notion that the Islamic Republic helped the central government in neighboring Iraq to take full control over the disputed region of Kirkuk, which was previously held by Kurdish Peshmerga forces. “Iran has no role in the Kirkuk operation,” Velayati told reporters on the sidelines of his meeting with Special Envoy of France to Syria Franck Gellet in Tehran on Tuesday. He further pointed to the independence referendum recently held in Iraq’s semi-autonomous Kurdistan Region and said the majority of Iraq’s Kurdish people are opposed to the ambitions of Kurdistan Regional Government (KRG) President Masoud Barzani. “We saw that the region (Kirkuk) was captured by the Baghdad government almost without any clashes,” said Velayati, who is also an international adviser to the Leader of the Islamic Revolution. Iraqi forces completed an operation to take control of all oil fields operated by state-owned North Oil Company in the Kirkuk region on Tuesday, according to a senior military officer. They took control of the Bai Hasan and Avana oil fields northwest of Kirkuk on Tuesday, after seizing the Baba Gurgur, Jambur and Khabbaz fields on Monday, he said, Reuters reported. Oil officials in Baghdad said all the fields were operating normally. The fields were previously held by Kurdish Peshmerga forces, but they pulled out of the area in the face of an advance by forces of the Iraqi central government. Tuesday’s deployment of Iraqi government forces in Dibis, where Bai Hasan and Avana are located, is part of an operation ordered by Prime Minister Haider al-Abadi to take control of Kurdish-held areas outside the three provinces that form Iraq’s semi-autonomous Kurdish region. The latest incidents come amid simmering tensions between the central government in Baghdad and the KRG over a recent controversial referendum on the secession of the semi-autonomous Iraqi Kurdish region. The plebiscite took place on September 25, sparking strong objection from Baghdad. Iraq’s neighbors and the international community also voiced concerns about the repercussions of the vote, which was only supported by Israel. Kirkuk, with some 10 percent of Iraq’s oil reserves, has long been contested by Baghdad and Erbil. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 60 view(s)
  • Investors Iraq News's Avatar
    10-18-2017, 06:57 AM
    By*Zep Kalb for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iran Business News. In the aftermath of the US-led invasion of Iraq in 2003, the country’s educational system all but collapsed. Illiteracy rates have exploded. Universities have turned into sectarian battlegrounds. Systemic violence — including beatings, rape and death threats — has forced students and faculty out of campuses. As state provision of higher education has receded, private donors have set up alternative institutions, often with a sectarian and religious twist. Foreign actors have also stepped in to fill the void. Before the US-led invasion, education indicators in oil-rich, Baathist-controlled Iraq improved similarly as in other middle-income countries, and in several ways even more so. The country’s first university, Baghdad University, opened its doors in 1957. In 1968, the government made education free and compulsory at all levels. In 1977, the eradication of illiteracy was made legally binding. The developmental push appeared to be working. By 1980, Iraq had already achieved near universal primary school enrollment. Saddam Hussein’s devastating eight-year war with Iran in the 1980s and the sanctions imposed by the West over his invasion of Kuwait in the 1990s slowed these gains. By 2000, the literacy rate of youth aged 15-24 years old stood at 84.8%, slightly higher than that of regional neighbor Egypt. The gender gap was also narrowing: Female literacy rates stood at 80.5% in 2000, a figure Egypt reached only in 2006. At the same time, underinvestment in education by a cash-strapped government led to an aged and creaking infrastructure. For all its ills, the collapse of the Baathist regime in 2003 and its replacement with a US-installed government wrecked*the country’s educational system. Junior, inexperienced American officers who failed to understand the complexities of maintaining peace between the sects were put in charge of higher education. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 62 view(s)
  • Investors Iraq News's Avatar
    10-18-2017, 06:57 AM
    By Hamdi Malik for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. The Sept. 25 referendum, in which voters overwhelmingly voted for independence for Iraqi Kurdistan, increased the division between the Turkmen and Kurdish populations in the disputed city of Kirkuk. But Turkmens believe the Kurdish move, which raised objections from several parties, offers an opportunity to strengthen their position in Iraq. Turkmens reported intimidation and repeated attacks on their party in Kirkuk both before and after the referendum. On Oct. 2, someone reportedly fired on the party headquarters and even lobbed a grenade at the building. Turkmen parliament member Hassan Tauran confirmed the news in a TV interview, adding, “This is the fifth attack during the week that followed the referendum.” Turkmens strongly oppose the Kurdistan Regional Government’s efforts to annex Kirkuk and other mixed-population areas, and they hold the Kurdish side responsible for the attacks. On Sept. 19, Turkmen parliament member Jassim Mohammed al-Bayati accused what he called the “gangs” of Kirkuk’s Kurdish governor of kidnapping a young Turkmen. But it is difficult to get to the truth behind these attacks amid the tension plaguing the city. Kurdish forces affiliated with the Patriotic Union of Kurdistan gained full security and military control over the city after June 2014, when the Iraqi army’s 12th division withdrew in the face of the Islamic State’s overwhelming advance. Turkmens are the third-largest ethnic group in Iraq and say they have been denied their rights since Saddam Hussein was overthrown as president in 2003. Part of the problem is the deep sectarian conflict between Sunni and Shiite Turkmens that kept them from forming unified political blocs. When the new regime based on sectarian and ethnic quotas was established in Iraq, the Turkmens lacked the political experience of the Shiites and Kurds. The Turkmens have been involved in sectarian strife in many areas, particularly in Tal Afar, reaching the point of military clashes. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 59 view(s)
  • Investors Iraq News's Avatar
    10-18-2017, 06:57 AM
    By Bijan Khajehpour, for*Al-Monitor.*Any opinions expressed are those of the author, and do not necessarily reflect the views of*Iraq Business News. Iran and the Kurdistan Regional Government (KRG) in Iraq have historically been on good terms. During the Saddam Hussein years, Iran was one of the main countries to host Kurdish leaders. In the post-Saddam era, Tehran and Erbil have enjoyed good neighborly relations. This relationship manifested itself in Iranian forces coming to the rescue of the Kurdish regions in their fight against the Islamic State (IS) in the summer of 2014. However, the recent independence referendum in the KRG has angered Tehran, and it is clear that the Kurdish moves will impact on both bilateral ties and wider regional alignments. One important aspect to consider when assessing*the fallout between Iran and the KRG following the independence vote is the economic dimension of their relationship in the geostrategic context of Iranian concerns. Iran and the KRG have a multilayered relationship; most importantly, it is not all driven by the government. On the one hand, there are various trade links between the two sides, starting from very active border markets up to cross-border trade and investment. There are five border markets between Iran and*Iraqi Kurdistan. Prior to the recent events, there were plans to expand such entities*to create jobs and also shift the unofficial trade toward official*channels. In fact, the KRG is an important market for Iranian exporters. The trade volume between the two sides amounted to $8 billion in 2014, which made Iran the KRG’s second-largest trading partner, after Turkey. In recent years, Iranian exports to the Kurdistan Region*have dropped due to the conflict against IS. Yet, according to Kurdish sources, the trade volume between Iran and the KRG stood at $4 billion in 2016. This means that approximately 40% of the Iran-Iraq trade goes through the KRG. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 75 view(s)
  • Investors Iraq News's Avatar
    10-17-2017, 11:30 PM
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria, conducting three strikes consisting of three engagements in recent days, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the strikes, noting that assessments of results are based on initial reports. Strike in Syria In Syria, coalition military forces conducted one strike consisting of one engagement Oct. 15 near Dayr Az Zawr, engaging an ISIS tactical unit and destroyed two fighting positions. Strikes in Iraq In Iraq yesterday, coalition military forces conducted two strikes consisting of two engagements against ISIS targets: Near Rahwa, a strike engaged an ISIS tactical unit and destroyed an improvised explosive device weapons facility. Near Qaim, a strike destroyed a vehicle-borne-IED factory. Part of Operation Inherent Resolve These strikes were conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does 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. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 53 view(s)
  • Investors Iraq News's Avatar
    10-17-2017, 11:10 AM
    By John Lee. Iraq is reportedly considering using security forces to prevent Kurdistan from blocking oil output from Kirkuk. A spokesman for the North Oil Company (NOC) told Reuters that Kurdish officials indicated that they would shut down production at the Kirkuk oilfield, ostensibly for security reasons, but as a means of putting pressure on Baghdad. Kirkuk produces around 200,000 barrels per day, out of total Kurdish production of over 600,000 bpd. More from Reuters here. (Source: Reuters) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    10-17-2017, 11:10 AM
    Federal forces in control of large areas of Kirkuk city; further Kurdish withdrawals in Nineveh/Diyala Over the course of October 16, Iraqi federal forces advanced into many parts of Kirkuk city and adjacent military and energy facilities. The Counter-Terrorism Service (CTS), supported by the Iraqi Army and Federal Police took control of the K1 military base, the governor’s palace, the Kirkuk Provincial Council headquarters, the North Oil Company and North Gas Company headquarters, the Kirkuk Regional Air Base, and key areas of Kirkuk city and road junctions. While Popular Mobilization Units (PMU) took part in operations in rural areas, they were not deployed into the Kirkuk city area.* Local Kurdish forces aligned with the Patriotic Union of Kurdistan (PUK) offered minimal resistance as federal forces moved into the area, many media reports have focused on an agreement in place between the PUK leadership and Baghdad for an orderly transfer of the facilities listed. As a result, Baghdad is now in control of the portions of PUK-controlled Kirkuk that it held prior to the 2014 military collapse.** Government forces were also reported to have moved into the oil fields of Dibis district that have been held by forces loyal to the Kurdistan Democratic Party (KDP) since 2014. These fields produce 275,000 barrels of oil per day, or nearly half the 620,000-barrel output of the Kurdistan Regional Government (KRG). Some media reports claimed that thousands of Kurdish civilians have fled Kirkuk city and its surrounding area.* Other reports claimed that crowds of ethnic Turkmen who opposed Kurdish control of the city celebrated on the streets of Kirkuk.* The US has not opposed Baghdad’s return to Kirkuk in part because the move was framed in terms of restoring the status quo before the Islamic State (IS) crisis.* This theme has been echoed by the majority of the international community. Separate unconfirmed reporting has indicated that Sinjar, 100km west of Mosul in Nineveh province, is now under the control of ISF/PMU forces following the withdrawal of Peshmerga forces from the town. Reporting on October 16 had indicated a build-up of government forces to the south and east of Sinjar. Reporting last night indicated that talks were underway for a peaceful handover. Yazidi elements of the region’s majority Shia PMU forces had apparently stated their unwillingness to confront Peshmerga owing to the close ties between the groups.* Reports from Diyala province have also claimed that Kurdish forces have withdrawn from positions in the Mandali district northeast of Baquba as Iraqi federal forces entered Khanaqin district to the south of Mandali. (Source: GardaWorld) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    10-17-2017, 11:10 AM
    Coalition military officials are monitoring military movements near Kirkuk, Iraq, following reports of an incident, Pentagon Director of Press Operations Army Col. Rob Manning told reporters today. “The coalition is monitoring movements of military vehicles and personnel in the vicinity of Kirkuk, he said. “These movements of military vehicles so far have been coordinated movements, not attacks.” Coalition forces and advisers are not supporting the activities of Iraqi government or Kurdistan Regional Government forces near Kirkuk, Manning said. “We are aware of reports of a limited exchange of fire during the predawn hours , and we believe this to have been an isolated incident,” he said of media reports of fighting between Iraqi and Kurdish fighters. “We have not seen levels of violence suggested in some media reports,” he said, adding that the coalition strongly urges all sides to avoid additional escalatory actions, opposes violence from any party, and urges against destabilizing actions that distract from the fight against ISIS and undermine Iraq’s stability. Support for Unified Iraq The United States continues to support a unified Iraq, Manning said. “Despite the Kurdistan Regional Government’s unfortunate decision to pursue a unilateral referendum, dialogue remains the best option to diffuse ongoing tensions and long-standing issues,” he noted. The Defense Department remains focused on the fight against ISIS, a terrorist organization that threatens the states in the region and the international community, Manning said. “We call on all actions in the region to focus on this common threat, and avoid stoking tensions among the Iraqi people. We remain focused on destroying ISIS,” he said. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    10-17-2017, 11:10 AM
    From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Peshmerga fighters and civilian residents flee Kurdish areas around Kirkuk after Iraqi military forces gained control of the northern city. Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 60 view(s)
  • Investors Iraq News's Avatar
    10-17-2017, 11:10 AM
    U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Sunday, conducting ten strikes consisting of 11 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria In Syria, coalition military forces conducted two strikes consisting of two engagements against ISIS targets: Near Ash Shadaddi, a strike engaged an ISIS tactical unit and destroyed a fighting position. Near Dayr Az Zawr, a strike engaged an ISIS tactical unit and destroyed a tactical vehicle. Strikes in Iraq In Iraq, coalition military forces conducted eight strikes consisting of nine engagements against ISIS targets: Near Qaim, four strikes engaged an ISIS tactical unit and destroyed five supply routes, two vehicle-bomb factories and an ISIS-held building. Near Rutba, two strikes engaged two ISIS tactical units and destroyed three vehicles. Near Rawa, a strike destroyed two command-and-control nodes and an anti-air artillery system. Near Tuz, a strike engaged an ISIS tactical unit and destroyed a tunnel. Additionally, officials announced details today of an Oct. 14 strike near Qaim for which the information was not previously available. The strike destroyed five ISIS supply routes and a tunnel entrance. Part of Operation Inherent Resolve These strikes are conducted as part of Operation Inherent Resolve, the operation to destroy ISIS in Iraq and Syria. The destruction of ISIS targets in Iraq and Syria also further limits the group’s ability to project terror and conduct external operations throughout the region and the rest of the world, task force officials said. The list above contains all strikes conducted by fighter, attack, bomber, rotary-wing or remotely piloted aircraft; rocket-propelled artillery; and some ground-based tactical artillery when fired on planned targets, officials noted. Ground-based artillery fired in counterfire or in fire support to maneuver roles is not classified as a strike, they added. A strike, as defined by the coalition, refers to one or more kinetic engagements that occur in roughly the same geographic location to produce a single or cumulative effect. For example, task force officials explained, a single aircraft delivering a single weapon against a lone ISIS vehicle is one strike, but so is multiple aircraft delivering dozens of weapons against a group of ISIS-held buildings and weapon systems in a compound, having the cumulative effect of making that facility harder or impossible to use. Strike assessments are based on initial reports and may be refined, officials said. The task force does 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. (Source: US Dept of Defense) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 60 view(s)
  • Will-it-happen?'s Avatar
    10-16-2017, 09:43 PM
    Fantastic Where's the cash ?
    14 replies | 1288 view(s)
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