Tuesday 24 May 2016
 
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Iraq

Iraq launches Falluja operation against IS

Iraqi Prime Minister Haider Al-Abadi announced the launching of an offensive to retake the Islamic State stronghold of Falluja after the military told residents to get ready to leave before fighting started. "Zero hour for th

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IMF to extend Iraq $5.4bn loan

Iraq has reached a $5.4 billion standby agreement (SBA) with the International Monetary Fund that could unlock $15 billion more in international assistance over the next three years, Finance Minister Hoshiyar Zebari said. The loan

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Wyndham brings first branded hotels to Najaf

Wyndham Hotel Group has announced plans for two new properties in the Iraqi holy city of Najaf following a deal signed with Bukhamseen Group For Real Estate, Tourism, General Trading & Contracting Company. Located just 800-m f

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Lukoil in talks to raise Iraq investment, output

Russia's Lukoil is continuing talks with the Iraqi government over increasing investment and oil output at its West Qurna-2 project there, the company's first vice president Ravil Maganov told reporters on Tuesday. "T

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Global oil firms resist Iraq spending cuts

International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said. Oil companies helping Iraq develop

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Islamic State territory shrinking in Syria, Iraq: US

Islamic State has not gained significant ground since it took the Iraqi city of Ramadi a year ago, which it then lost in December, as the US-led coalition in Iraq and Syria has been helped by better intelligence and better equipped local forces,

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Iraq oil projects face delays as companies resist spending cuts

International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said on Friday. Oil companies helping Ir

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Iraq plans to boost Basra crude exports in June

Iraq plans to boost crude oil exports from its southern region to 3.47 million barrels per day in June, potentially beating a record volume set in November, a preliminary loading programme showed.   June's ex

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Iraq sells $1.3bn in local bonds to plug deficit

Iraq's central bank on Tuesday said it started selling local bonds worth 1.5 trillion Iraqi dinars ($1.29 billion), as part of an effort to plug a government deficit caused by tumbling oil prices and the costs of fighting an Islamic State in

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UK’s Wood Group wins double deal in Iraq

UK-based Wood Group, a leader in energy services has secured two new, three year contracts, collectively valued at over $140 million, to deliver technical services and expertise to a global oil company in Iraq. Wood Group PSN (WGP

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