Friday 24 October 2014
 
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Iraq

Islamic State militants seize Iraq village

Islamic State wrested a Sunni Muslim village in western Iraq on Thursday from tribal defenders who put up weeks of fierce resistance, and the insurgents tightened a siege of the Yazidi minority on a mountain in the north. The atta

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Russia’s Lukoil says West Qurna-2 pumps over 320,000 bpd

Russia’s Lukoil is producing more than 320,000 barrels per day at its Iraqi West Qurna-2 field, Andrey Gaidamaka, the company’s vice-president, said.   West Qurna-2, Lukoil’s biggest foreign pro

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Iraq approves $278m Halliburton oil deal

Iraq's cabinet has approved a $278.5-million drilling deal with US oil service company Halliburton for the southern West Qurna- 1 oilfield, according to a government statement. Under the 30-month contract, Halliburton is to drill 30

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Warwick hotel opens in Baghdad

Warwick International Hotels Group (WIH), a global hospitality company, recently added Baghdad to its portfolio with the launch of the Babylon Warwick Hotel in the capital city of Iraq. Located on the edge of the Tigris River opposite o

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Iraq proposes to split Basra Light crude into two grades

Iraq's State Oil Marketing Organisation (Somo) has proposed splitting its Basra Light crude supply into two grades and has requested feedback from buyers in Asia, trade sources said.   The second largest Opec

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Islamic State ‘training pilots to fly in three jets’

Iraqi pilots who have joined Islamic State in Syria are training members of the group to fly in three captured fighter jets, a group monitoring the war said on Friday, saying it was the first time that the militant group had taken to the air.

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Iran Khodro to increase car output in Iraq plant

Iran Khodro Industrial Group plans to increase the production of cars at its plant in Iraq to 100 per day, a senior official was quoted as saying. The company has already raised the production to 50 cars per day at its factory in

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Transworld, Nawah partner to serve Iraq’s cargo demands

Dubai-based companies Transworld Group and Nawah Port Management have entered into a formal agreement to service Iraq’s growing demand for imports, linking their shipping, logistics, marine services and port capabilities. As

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Iraq follows Saudis in oil price cuts for Asia, Europe

Iraq has cut its November oil prices for customers in Asia and Europe following a similar move by top global exporter Saudi Arabia as Opec producers compete for market share in the face of weaker global oil demand and prices. &nbs

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Australia’s special forces to join Iraq air strikes

Australian special forces troops will be deployed in Iraq to assist in the fight against Islamic State militants, Prime Minister Tony Abbott said on Friday, and its aircraft will also join US-led coalition strikes. Abbott said in

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