Business Iraq

More

  • BAGHDAD— Iraqi officials: Suicide bomber rams his explosives-laden car into checkpoint north Baghdad, killing at least 11 people.

  • *Iraq in 2015 provided OPEC's biggest rise in supply. LONDON, July 21- Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC's second-largest producer back on track after after two months of declines. Iraq in 2015 provided OPEC's biggest rise in supply.

  • NEW YORK, July 15- Oil prices extended gains in late trading on Friday after Turkey's armed forces said they had taken power in the country, igniting concerns about potential disruptions to shipments along one of the world's busiest shipping routes. If successful, the overthrow of President Tayyip Erdogan, who has ruled Turkey since 2003, would amount to one of...

  • NEW YORK, July 15- Oil prices extended gains in post-settlement trading on Friday after Turkey's armed forces said they had taken power in the country to protect the democratic order and to maintain human rights. Supply outages across the world have led to crude prices rallying from 12- year lows touched earlier in the year. For the oil market, a military coup...

  • *Iraq to repay all $3.6 bln in arrears to IOCs by end-Sept. BAGHDAD, July 14- Pressured by lower-than-expected oil prices, Iraq will cut non-oil spending in its 2016 budget by 15 percent and take on several billion dollars in international debt, it said in a memo released by the International Monetary Fund on Thursday. Iraq said other financing sources for this...

  • *Exxon denies rebel attack on its facilities in Nigeria. SINGAPORE, July 12- Oil futures moved away from two-month lows on Tuesday as a brief halt in Iraqi crude loadings threatened to tighten supplies, but a drop in bullish bets by investors kept a lid on price gains. Brent crude was at $46.72 per barrel at 0712 GMT, up 47 cents or 1 percent from their last close and off a...

  • *Iraq to trim August Basra crude exports from southern ports. SINGAPORE, July 12- Oil futures rose on Tuesday as an interruption in Iraqi crude loadings at Basra threatened to tighten supplies, but prices held close to two-month lows hit in the previous session as investors continued to slash their bullish bets. Brent crude oil futures were trading at $46.39 per...

  • LONDON, July 11- Oil climbed slightly on Monday after shedding nearly 2 percent the same day, as signs emerged that U.S. shale drillers have adapted to lower prices and renewed indications of economic weakness in Asia weighed on prices. Iran set the official selling price of its light grade for Asia at $0.45 above the Oman/ Dubai average for August, down 40 cents on...

  • LONDON, July 11- Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs. Brent crude was trading at $46.43 per barrel at 1205 GMT, down 33 cents from its last settlement. Iran set the official selling price of its light grade for Asia at...

  • SIRTE, Libya, July 11- When Western officials cajoled Libya's warring factions to support a unity government this year, they said it was a chance for the rival armed brigades to unite against the common enemy, Islamic State. For Western powers, keen to stabilise the North African country in chaos since its 2011 revolution, the fragile Tripoli government of Prime...

  • Mourners carry the coffin of an Iraqi man, who was killed in a suicide bombing that ripped through Baghdad's busy shopping district of Karrada earlier this week on July 3, 2016.

    Anger over the security situation in Iraq mounted over a bombing in Baghdad earlier this week, as a separate attack killed dozens more.

  • WASHINGTON, July 7- The International Monetary Fund said on Thursday its executive board approved a new three-year, $5.34 billion standby arrangement for Iraq to support Baghdad's efforts to deal with lower oil prices and ensure debt sustainability. In July 2015, Iraq received about $1.24 billion under the previous rapid financing instrument program.

  • WASHINGTON, July 7- The International Monetary Fund said on Thursday its executive board approved a new three-year, $5.34 billion stand-by arrangement for Iraq to support Baghdad's efforts to deal with lower oil prices and ensure debt sustainability. The IMF said in a statement the approval will allow for the immediate disbursement of about $634 million...

  • LONDON, July 6- Former British Prime Minister Tony Blair's justification, planning and handling of the Iraq War involved a catalogue of failures, a seven-year inquiry concluded on Wednesday in a scathing verdict on Britain's role in the conflict. President George W. Bush "I will be with you, whatever", eventually sending 45,000 British troops into battle when...

  • LONDON, July 6- Former British Prime Minister Tony Blair's justification, planning and handling of the Iraq War involved a catalog of failures, a seven-year inquiry concluded on Wednesday in a scathing verdict on Britain's role in the conflict. President George W. Bush "I will be with you, whatever," eventually sending 45,000 British troops into battle when peace...

  • LONDON, July 6- Former British Prime Minister Tony Blair's justification, planning and handling of the Iraq War involved a catalogue of failures, a seven-year inquiry concluded on Wednesday in a scathing verdict on Britain's role in the conflict. President George W. Bush "I will be with you, whatever", eventually sending 45,000 British troops into battle when...

  • LONDON, July 6- Former British Prime Minister Tony Blair's justification, planning and handling of the Iraq War involved a catalog of failures, a seven-year inquiry concluded on Wednesday in a scathing verdict on Britain's role in the conflict. President George W. Bush "I will be with you, whatever," eventually sending 45,000 British troops into battle when peace...

  • LONDON, July 6- British Prime Minister Tony Blair told U.S. President George W. Bush eight months before the 2003 invasion of Iraq "I will be with you, whatever", and relied on flawed intelligence and unsatisfactory legal advice, a seven-year inquiry concluded on Wednesday. In a scathing critique of Blair's leadership, the inquiry said the threat posed by Iraqi...

  • LONDON, July 6- British Prime Minister Tony Blair told U.S. President George W. Bush eight months before the 2003 invasion of Iraq "I will be with you, whatever," and relied on flawed intelligence and legal advice to go to war, a seven-year inquiry concluded on Wednesday. Blair responded that he had taken the decision to go to war "in good faith," that he still believed it was...

  • *UK inquiry into 2003 invasion began seven years ago. LONDON, July 6- British Prime Minister Tony Blair told U.S. The only Labour prime minister to win three general elections, Blair was in office for 10 years until 2007 and was hugely popular in his heyday, but Iraq has severely tarnished his reputation and legacy.