Category: News

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Canada Commits Funds to tackle Pandemic in Iraq

Protecting communities from COVID-19: Canada commits funds to tackle growing pandemic in Iraq

The Government of Canada has contributed US$1.85 million (CAD 2.5 million) to support the Government of Iraq’s response to the COVID-19 pandemic, in partnership with the United Nations Development Programme (UNDP) in Iraq.

The funds will be directed toward two critical areas of work; $1.85 million will support UNDP Iraq’s immediate response to COVID-19, which supports 12 governorates, and includes increasing the testing capacity of laboratories, providing personal protective equipment to healthcare workers, increasing the number of isolation wards, and undertaking assessments to establish post-COVID-19 recovery strategies.

An additional $75,000 will be used to provide local police engaged in Iraq’s COVID-19 response with personal protective equipment including masks, gloves and hand sanitizer, largely focusing on officers in Baghdad, which has seen the highest number of cases in the country.

“The emergence of COVID-19 has presented yet another challenge for Iraq – which is still reeling from the devastating effects of the ISIL conflict, and is now faced with an economic crisis due to the decline in oil prices. This generous contribution from Canada will ensure the health and safety of communities through access to improved health services and infrastructure, and protect those serving local communities in the line of duty,” says UNDP Iraq’s Resident Representative, Zena Ali Ahmad.

The funds have been repurposed from existing agreements under UNDP Iraq’s Funding Facility for Stabilization (FFS), and the Security Sector Reform/Rule of Law programmes. As one of UNDP Iraq’s key partners, Canada has provided approximately $27 million to the two programmes.

(Source: UNDP)

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Fmr Unaoil Exec Jailed for Iraq Bribery

Ziad Akle, Unaoil‘s territory manager for Iraq, has been sentenced to five years’ imprisonment for paying over $500,000 in bribes to secure a $55m contract to supply offshore mooring buoys.

The new buoys formed part of the post-occupation Iraqi government’s “Master Plan” to rebuild Iraq’s oil industry and thereby expand the country’s oil export capacity. To ensure Unaoil benefitted from these state-run projects, Akle, conspiring with Stephen Whiteley and others, bribed public officials at the South Oil Company to secure contracts for Unaoil and its clients.

In his sentencing, HHJ Beddoe said:

“The offences were committed across borders at a time of serious need for the government of Iraq to rebuild after years of sanctions and the devastation of war. They were utterly exploitative at a time when the economic and political situation in Iraq was extremely fragile.”

A jury at Southwark Crown Court found Akle guilty on two counts of conspiracy to give corrupt payments. Another individual, Stephen Whiteley, was found guilty of one count of conspiracy to give corrupt payments in relation to the same crime. He will be sentenced on a date to be determined.

SFO Director Lisa Osofsky said:

“Ziad Akle and his co-conspirators exploited a country reeling from years of dictatorship and military occupation to line his own pockets and win business. It is this combination of greed and heartless avarice that led to these convictions.

“Today’s sentencing sends a clear message that the United Kingdom and the SFO will not tolerate criminal activity that undermines the fairness and integrity of international business.“

The convictions followed the guilty pleas of co-conspirator Basil Al Jarah who, in July 2019, admitted five offences of conspiracy to give corrupt payments. Al Jarah, who admitted to paying bribes totalling over $6million to secure contracts worth $800m for the supply of oil pipelines and offshore mooring buoys, is due to be sentenced at Southwark Crown Court on 8 October 2020.

(Source: SFO)

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Oryx Petroleum Announces Change in Control

Oryx Petroleum Corporation has announced that the Corporation’s two largest shareholders have informed the Corporation that Zeg Oil and Gas Ltd. acquired control of the Corporation from AOG Upstream BV on July 23, 2020 in the context of the previously announced transaction.

The acquisition was conditional upon and subsequent to the closing of the Loan Settlement announced by the Corporation on July 23, 2020.

In connection with the change in control, Jean Claude Gandur has resigned from the Board of Directors of the Corporation.

As part of securing consent for the change in control of the Corporation’s interest in the Hawler license area from the Ministry of Natural Resources of the Kurdistan Region of Iraq (“MNR”), the Corporation has agreed to amend certain terms of the Production Sharing Contract governing the Hawler license area (pictured).

Specifically, the Corporation has agreed to a 22% reduction in the cost pool related to its interest, and to finance all costs attributed to the 35% interest it does not own for the duration of the development period and without a cap on such financing facility.

Previously, the Corporation was financing only the costs attributable to a 20% interest in the license, to a maximum of US $300 million. The MNR has agreed to waive any rights it has to audit costs incurred up to December 31, 2020.

Depending on actual future revenue and cost profiles, the changes may or may not result in a lower share of future cash flows attributable to the Corporation’s interest compared to the applicable terms prior to amendment.

(Source: Oryx Petroleum)

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Oil Ministry Finalises Export Figures for June

By John Lee.

Iraq’s Ministry of Oil has announced preliminary oil exports for June of 84,489,016 barrels, giving an average for the month of 2.816 million barrels per day (bpd), down from the 3.212 million bpd exported in May.

These exports from the oilfields in central and southern Iraq amounted to 81,006,497 barrels, while exports from Kirkuk amounted to 3,482,519 barrels.

Revenues for the month were $2.871 billion at an average price of $33.984 per barrel.

May’s export figures can be found here.

(Source: Ministry of Oil)

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France prioritizes Medical Equipment in Southern Iraq

Battling Coronavirus: France prioritizes critical medical equipment in southern Iraq

The Government of France has committed EUR 300,000 (US$334,448) to support the Government of Iraq’s response to the COVID-19 pandemic, in partnership with the United Nations Development Programme (UNDP).

The funds will be used to purchase ventilators – a life-saving piece of equipment for Coronavirus patients – for Basra Teaching Hospital in southern Iraq.

“The emergence of COVID-19 has exacerbated the many challenges experienced by communities in Basra, who are struggling to access basic infrastructure and services. We are very grateful for this contribution from France which will alleviate the extreme pressure currently placed on under-resourced health facilities in Basra. As the pandemic has unfolded globally, we have seen how important ventilators have been in saving lives,” says Resident Respresentive of UNDP Iraq, Zena Ali Ahmad.

In addition to ventilators and other life-saving equipment provided to the hospital, UNDP Iraq is also building isolation units, providing personal protective equipment (PPE) to healthcare workers to stop the spread of the virus, and boosting the testing capacity of labs to increase the detection of cases.

It also supports an online awareness-raising platform, Corona in Iraq which outlines symptoms and risks of COVID-19, dispels rumors about the virus, and tracks symptoms to encourage people to seek medical advice.

“France is fully committed to actively support the Governement of Iraq to meet the needs of the Iraqi population. This medical equipment will contribute to help medical teams in southern Iraq to face with this urgent situation and allow them to save more lives. We welcome all the efforts made by UNDP to coordinate the help of international donors in order to combat the spread of the disease in Iraq”, says the Ambassador of France, Bruno Aubert.”

In addition to Basra, UNDP Iraq’s COVID-19 response package extends to Anbar, Babel, Dhi Qar, Diyala, Dohuk, Karbala, Kirkuk, Missan, Najaf, Ninewa and Salah Al-Din.

With this latest contribution, France has provided US$7.8 million in support to UNDP Iraq since 2015.

(Source: UNDP)

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Iraq’s Locally Made Hand Sanitizer and Disinfectant

The University of Karbala produces locally made hand sanitizer and disinfectant for health facilities, in first of its kind UNICEF-supported project

In the first of its kind project since the corona virus outbreak, graduate students in the pharmaceutical department of the University of Karbala have produced 14,500 locally made hand sanitizers and 10,000 large products to disinfect surfaces, with the support of UNICEF and its partner the Karbala Directorate of Health.

Over the course of the month of June, the bottles were distributed to primary healthcare centers in Karbala and Baghdad, both which have been hard hit by covid19.

“We have been distributing hand sanitizer and soap to some of the most vulnerable communities since the beginning of the outbreak. To now be able to support Iraqis as they themselves produce items they need to protect their communities from COVID-19 is something we are proud of and that lives up to our commitment to empower local communities who are driving positive change,” said Hamida Lasseko, UNICEF’s Representative in Iraq.

The sanitizer is produced according to the highest global standards and with locally sourced raw materials. The gel is then bottled into 250 milliliters containers that are labelled and include instructions on how to use. The production cost of one bottle amounts 2 US dollars, a third of the average selling price of one hand sanitizer bottle (6 dollars) on the market.

“I am happy with the quality of the materials that we are using. I hope that our work will benefit Iraqis across the country, and not only here in Karbala,” explained Karrar Abd, one of the graduate students taking part in the production.

There are already plans to produce at least 10,000 more bottles that will be distributed in the two governorates, as well as in Basra and Najaf. The production process takes up to three weeks. Once ready, youth volunteers who are trained in hygiene promotion by UNICEF distribute the bottles to public health clinics and centers. To date, the hand sanitizer bottles, and disinfectant solution have been given to 34 main Primary health care centers in Karbala and Baghdad.

“I heard so many people say that COVID-19 does not exist, which is not true. Someone in my family came into contact with the disease and transmitted it on to others. I know that hand sanitizer is the best way to prevent us from spreading COVID-19 because it ensures that we have clean hands, and therefore I wanted to work on this project. It makes me feel I am giving something to my community,” explained 22-year old Zainab Hussein, one of the volunteers from Karbala who participated in the distributing.

With access to hand sanitizer, patients and health workers alike can practice hand hygiene, thereby enabling health centers to continue providing communities with essential services such as immunization and maternal health despite COVID-19. The project was made possible with generous support of the Department of International Development (DFID UK).

(Source: UN)

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COVID Survivors sell Plasma on Iraq’s Black Market

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

Virus survivors rake in cash for plasma on Iraq’s black market

For five days, Qusay al-Zaidi searched for a recovered coronavirus patient to give him plasma for use in the treatment of his relatives who had contracted the virus. He expected to get it from a volunteer free of charge, but this was not the case.

“The recovered patient asked for $1,500 per liter and refused to negotiate the price,” he told Al-Monitor.

Click here to read the full article.

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Webinar: Opportunities and Challenges for Diversification in Iraq

Iraq Business News would like to recommend an excellent and informative webinar from the Iraq Britain Business Council (IBBC)‘s Young Executives Network (YEN), featuring a discussion with Ali Al-Saffar, the Middle East and North Africa Program Manager at the International Energy Agency (IEA) in Paris.

Ali shared his insights on “The importance of oil and gas to Iraq’s economy and the opportunities for and challenges to diversification“.

Also on the panel were Mr Sammy Sharifi, Co-Chair of IBBC YEN, and Ms Layla Al-Hassani of BP and Co-Chair of IBBC YEN.

To watch this Webinar please click here or here.