Genel takes charge on lower Kurdish oil estimate
Genel Energy takes a charge on operations in the Kurdish north of Iraq because of a weak market and a lower reserve estimate. Photo courtesy of Genel Energy LONDON, Feb. Continue Reading
Twin suicide bombing kills 70 in Baghdad’s deadliest attack this year
he death toll from two suicide blasts in Baghdad’s mainly Shi’ite district of Sadr City rose to 24 with more than 60 others wounded, police and medical sources said on Continue Reading
Genel to take about $1 bln impairment on Iraqi Kurdistan field
Genel Energy Plc said it expected to book about $1 billion in impairment to the 2015 value of its Taq Taq oilfield in Iraqi Kurdistan, citing reduced estimate for recoverable Continue Reading
Islamic State Launches Attacks in Baghdad
Islamic State launched separate attacks on Iraq’s capital Sunday, including the largest in two years on the city’s outskirts and a bombing that killed at least 34 people, officials said. Continue Reading
Iraq: Shiite Leader Stirs Up Baghdad Protests
Hundreds of thousands of demonstrators led by Shiite leader Muqtada al-Sadr gathered in Baghdad’s Tahrir Square on Feb. 26 to protest government corruption and the slow pace of reform, Rudaw Continue Reading
Isis oil: deal with traders nets jihadis badly needed funds
For those willing to try their luck — and test their fate — there are new deals to be had in the Isis oilfields of eastern Syria. In recent weeks Continue Reading
Two suicide bombers kill 15 at Shi’ite mosque in Baghdad
Two suicide bombers blew themselves up at a Shi’ite mosque in Baghdad on Thursday, killing at least 15 people in an attack claimed by Islamic State militants. Fifty other people Continue Reading
UPDATE: Construction begins on new Missan refinery
Updates include: Satarem owns 15 percent, Wahan owns 85 percent Funded by China Development Bank and the Export-Import Bank of China Comments by senior oil officials Swiss industrial firm Satarem Continue Reading
Kurdistan and Kirkuk production plummets as pipeline stays offline
Oil fields in the autonomous Kurdistan region have shut in the vast majority of production due to an export pipeline outage that has not been fully explained and has now Continue Reading
Iraq Revives $2 Billion Bond Plan, Will Likely Seek IMF Aid
Iraq, struggling with low oil prices and a war with Islamic State militants, may raise $2 billion in Eurobonds this year and will probably ask the International Monetary Fund for Continue Reading