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  • BatmaninIraq's Avatar
    Yesterday, 10:31 PM
    Saleh discusses with a senior US official the development of the Iraqi economy The President of the Republic, Dr. Barham Salih, received at the Peace Palace in Baghdad on Monday 20-5-2019, Assistant US Treasury Secretary Marshall Blingsley. During the meeting, they discussed the bilateral relations between Iraq and the United States of America, especially in the economic and financial fields, and the need to enhance the prospects for cooperation between Iraqi and US banks, thus contributing to the development and revitalization of the Iraqi economy. It also reviewed the latest political developments at the regional and international levels and the importance of consolidating the foundations of peace and stability in order to achieve progress and prosperity for the peoples of the region.
    36 replies | 12786 view(s)
  • Investors Iraq News's Avatar
    Yesterday, 05:11 PM
    By Padraig O’Hannelly. Last week, the US Embassy in Baghdad ordered the departure of non-emergency U.S. Government employees from Iraq, as tension mounts between the Trump administration and neighbouring Iran. In the meantime, several other organisations have taken similar moves. While this has made headlines, has there been any real change on the ground? Iraq Business News spoke with Martin Aggar, General Manager of Al-Burhan Security, to get his perspective on developments. He says that while some people have changed their travel plans in response to the increased tensions, in practice little has changed in Baghdad: “Our operations team is closely monitoring the situation, and apart from one minor incident last night, there has not been a significant increase in security-related activity or general threat levels. “Nevertheless, some clients have chosen not to leave our secure accommodation at the Al-Burhan Centre. “But with meeting facilities on site, and also at our villa in Al-Mansour, we can still help them to see the people they need to see while visiting Iraq. We’re equipped for all situations.” The events of the past week seem to many to be at odds with the general trend in Iraq. Aggar explains: “This all comes against a background of steadily improving conditions in Iraq; people feel safer, infrastructure is improving, and international companies are taking more of an interest in the opportunities to be had here. “That’s why we’ve invested in the newest and best armoured vehicles, a VIP meet-and-greet service at the airport, and the full package of services that executives need and expect when they come here to do business. “And our sister company Al-Burhan Airways is the only private operator licensed to fly helicopters in Iraq, so we can bring visitors quickly and safely wherever they need to be in the country.” Asked how he expects this to play out, he says: “The current tensions are the result of Iran-US relations, and while they don’t originate in Iraq, they do of course influence this country. * “However, the Iraqi government is very focussed on developing the economy and moving Iraq forward. “The opportunities are huge and the people are determined to succeed; I think in future we’ll look back on this as the early stage of a boom period for Iraq.” Source: Post your commentary below.
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  • Wolverine's Avatar
    Yesterday, 01:18 PM
    Iraq says ExxonMobil evacuation of staff is `unacceptable' By Khalid Al‐Ansary on 5/19/2019 BAGHDAD (Bloomberg) ‐‐ The evacuation of some ExxonMobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister. “This withdrawal may send the wrong message about the situation in Iraq, and that’s something we reject,” Iraq’s Oil Minister Thamir Ghadhban said in a statement on Saturday. The minister sent a letter to Exxon officials seeking clarification about the decision and asking that the workers return to Iraq. Ghadhban said in an interview on Saturday that ExxonMobil pulled about 80 people from Iraq. Oil and gas output continues unabated from all fields in the country. “No single personnel from other foreign companies withdrew,” he said. ExxonMobil’s decision to pull staff is “precautionary and temporary,” said Abdul Jabbar Abbas Mohammed, who heads the operations committee of West Qurna‐1 field which is a partnership with the U.S. company. The field is producing between 450,000 to 480,000 bopd and its daily functions are managed by Iraqi engineers, he said. ExxonMobil didn’t provide specifics about its staffing in Iraq. “ExxonMobil has programs and measures in place to provide security to protect its people, operations and facilities,” the company said in an emailed statement. The U.S. ordered its non‐emergency government staff to leave Iraq this week amid increasing Middle East tensions that American officials are blaming on Iran. Attacks on energy facilities, including a Saudi Arabian pipeline and several vessels including Saudi oil tankers, as well as a U.S. military buildup, are raising fears that the region may be heading toward another conflict. “For us, there is no reason calling them to withdraw,” Ghadhban said in the interview, referring to Exxon. Lukoil PJSC, BP Plc and Italy’s Eni SpA work in nearby fields including West Qurna‐2, Rumaila and Zubair. “The region, south of Iraq, is all secured and peaceful. Work is going on without any halt.” Basrah Gas Co., which operates a major gas field in southern Iraq in partnership with Royal Dutch Shell Plc, also hasn’t made staff changes due to the regional tensions. “So far there is no intention for Shell to withdraw,” Shaalan Al‐Darraji, spokesman for state‐run Basrah Gas, said in an interview.
    0 replies | 14 view(s)
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