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By John Lee.
Iraq has resumed production at the Nassiriyah oil field on Monday, a day after protesters forced it to halt operations.
Ministry spokesman Asim Jihad said that the roads had previously become impassable for workers to get to the field, but employees returned to work after authorities cleared away protesters.
(Source: Ministry of Oil)
The Iraqi Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi.
The Prime Minister told the Cabinet that the current government will continue to discharge its duties until the formation of the next Iraqi government.
The Prime Minister then outlined some of the key achievements of this government which will be detailed in a comprehensive report to be published soon.
The Cabinet discussed several policies and approved administrative measures to support projects in the health sector, including building general hospitals in Iraqi provinces with a capacity of 400 beds each.
The Cabinet approved recommendations submitted by the Ministerial Council for Energy to allow Dhi Qar Oil Company (DQOC) to borrow 265,000,000 US dollars from the Trade Bank of Iraq (TBI) for the purpose of implementing a project to expand the production at Al-Nasiriyah oil field by an additional 100,000 barrels per day.
(Source: Govt of Iraq)
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.
What is the fate of Baghdad-Erbil’s oil-for-budget agreement amid ongoing protests?
The Kurdistan Region of Iraq has vast proven oil and gas resources; however, mismanagement, corruption and ruling parties’ monopoly on power have brought the region to the brink of financial collapse amid longstanding controversies with the Iraqi government over the region’s share of federal budget.
Following extensive negotiations, the Kurdistan Regional Government (KRG) announced Nov. 27 that a final oil-for-budget deal with the Iraqi federal government had been reached in which the KRG agreed to submit 250,000 barrels per day of crude oil to Iraqi State Oil Marketing Company in return for receiving a fair share of the country’s budget for 2020.
The KRG currently produces 500,000 barrels per day, and has been exporting most of its oil independently through Turkey since 2013.
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.
What is the fate of Baghdad-Erbil’s oil-for-budget agreement amid ongoing protests?
The Kurdistan Region of Iraq has vast proven oil and gas resources; however, mismanagement, corruption and ruling parties’ monopoly on power have brought the region to the brink of financial collapse amid longstanding controversies with the Iraqi government over the region’s share of federal budget.
Following extensive negotiations, the Kurdistan Regional Government (KRG) announced Nov. 27 that a final oil-for-budget deal with the Iraqi federal government had been reached in which the KRG agreed to submit 250,000 barrels per day of crude oil to Iraqi State Oil Marketing Company in return for receiving a fair share of the country’s budget for 2020.
The KRG currently produces 500,000 barrels per day, and has been exporting most of its oil independently through Turkey since 2013.
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
Oil trail reveals Turkey funding Syrian Kurdish rivals
At the Halifax Security Forum, an annual event attended by high-powered government officials, business titans and assorted other movers and shakers from across the globe, national security adviser Robert O’Brien took the stage with PBS’ Nick Shifrin and let the cat out of the bag.
When the veteran correspondent grilled O’Brien Nov. 23 about President Donald Trump’s decision to keep US troops in northeastern Syria “for the oil,” noting that the Pentagon’s Syrian Kurdish allies were selling it to the Syrian regime in defiance of sanctions, O’Brien responded, “Some of it goes to the regime. Some of it is used locally. Some of it goes to Iraqi Kurdistan. Some of it goes to Turkey.
The key, though, is not where the oil goes but where the revenue goes.” The main thing, he concluded, was to ensure that none of it got to the Islamic State.
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
Oil trail reveals Turkey funding Syrian Kurdish rivals
At the Halifax Security Forum, an annual event attended by high-powered government officials, business titans and assorted other movers and shakers from across the globe, national security adviser Robert O’Brien took the stage with PBS’ Nick Shifrin and let the cat out of the bag.
When the veteran correspondent grilled O’Brien Nov. 23 about President Donald Trump’s decision to keep US troops in northeastern Syria “for the oil,” noting that the Pentagon’s Syrian Kurdish allies were selling it to the Syrian regime in defiance of sanctions, O’Brien responded, “Some of it goes to the regime. Some of it is used locally. Some of it goes to Iraqi Kurdistan. Some of it goes to Turkey.
The key, though, is not where the oil goes but where the revenue goes.” The main thing, he concluded, was to ensure that none of it got to the Islamic State.
By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
With ongoing protests making other investors nervous, Moscow is charging ahead.
Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for security concerns, Russia has doubled down.
Not only has its embassy stayed open in the recent weeks of turmoil, but its foreign minister, Sergei Lavrov (pictured), also paid a visit last month, first touring Baghdad and then Erbil.
His tour did not look like a regular diplomatic mission. There were no official agreements signed; politics, Syria, and terrorism seemed like an afterthought; and diplomats were in the minority during the week’s events.
In fact, the majority of the participants were businesspeople, including representatives of such Russian oil and gas companies as Gazprom Neft, Rosneft, Soyuzneftegaz, and Lukoil.
Also in attendance were representatives of Technopromexport, a Russian company that builds energy facilities, and from Russia’s Federal Service of Military-Technical Cooperation.
Click here to read the full story.
See also:
By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
With ongoing protests making other investors nervous, Moscow is charging ahead.
Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for security concerns, Russia has doubled down.
Not only has its embassy stayed open in the recent weeks of turmoil, but its foreign minister, Sergei Lavrov (pictured), also paid a visit last month, first touring Baghdad and then Erbil.
His tour did not look like a regular diplomatic mission. There were no official agreements signed; politics, Syria, and terrorism seemed like an afterthought; and diplomats were in the minority during the week’s events.
In fact, the majority of the participants were businesspeople, including representatives of such Russian oil and gas companies as Gazprom Neft, Rosneft, Soyuzneftegaz, and Lukoil.
Also in attendance were representatives of Technopromexport, a Russian company that builds energy facilities, and from Russia’s Federal Service of Military-Technical Cooperation.
Click here to read the full story.
See also:
By John Lee.
The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi.
It authorised the Ministries of Education, Higher Education and Scientific Research, other ministries, public bodies and local councils to recruit holders of post- graduate degrees, and to exempt this round of recruitment from applicable clauses in the 2019 Federal Budget. The exemption is for this year only.
The Cabinet approved a letter of intent from the Ministry of Oil, and authorised it to task Italian company ENI to carry out a project for the supply and installation of two desalination plants at Al-Baradiya in Basra Province with a capacity of 400 cubic meters per hour each, and for the amount of 24,965,768 US dollars.
The Cabinet discussed other policies on employment, housing and transport.
(Source: UN)
By John Lee.
The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi.
It authorised the Ministries of Education, Higher Education and Scientific Research, other ministries, public bodies and local councils to recruit holders of post- graduate degrees, and to exempt this round of recruitment from applicable clauses in the 2019 Federal Budget. The exemption is for this year only.
The Cabinet approved a letter of intent from the Ministry of Oil, and authorised it to task Italian company ENI to carry out a project for the supply and installation of two desalination plants at Al-Baradiya in Basra Province with a capacity of 400 cubic meters per hour each, and for the amount of 24,965,768 US dollars.
The Cabinet discussed other policies on employment, housing and transport.
(Source: UN)