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Business Iraq

  • *Oil-rich Kirkuk long contested by both Baghdad and the Kurds. KIRKUK, Iraq, Sept 20- Visitors to Kirkuk in northern Iraq are greeted by an imposing statue of a Kurdish Peshmerga fighter with a gun slung over his shoulder, a reminder of tensions building in the hotly-contested city ahead of a referendum on Kurdish independence. Erected in July, the statue has come to...

  • *Kurdistan holding independence vote on Sept 25. LONDON, Sept 18- Russian oil major Rosneft will invest in gas pipelines in Iraq's autonomous Kurdistan, expanding its commitment to the region ahead of an independence referendum to help it become a major exporter of gas to Turkey and Europe. Now Rosneft is widening its investments to gas by agreeing to fund a...

  • RUSSIA'S ROSNEFT AGREES WITH IRAQ' S KURDISTAN TO INVEST IN GAS PIPELINE INFRASTRUCTURE- KURDISH REGIONAL GOVT.

  • LONDON, Sept 18- Russian oil major Rosneft will invest in gas pipelines in Iraq's Kurdistan, expanding its commitment to the region ahead of its independence vote to help it become a major exporter of gas to Turkey and Europe. Kurdistan has been exporting oil independently from the central government in Baghdad since 2014 and Kremlin-controlled Rosneft...

  • BEIRUT, Sept 16- U.S.-backed militias in Syria said they came under attack on Saturday from Russian jets and Syrian government forces in Deir al-Zor province, a flashpoint in an increasingly complex battlefield. There was no immediate comment from Moscow or Damascus. Washington and Moscow support separate offensives in the Syrian conflict, with both...

  • Iraqi Kurds holds a large Kurdish flag as they walk near the citadel towards a gathering urging people to vote in the upcoming independence referendum in Arbil, the capital of the autonomous Kurdish region of northern Iraq, on September 13, 2017.

    An oil-rich, Kurdish province in Iraq plans a referendum on independence this month, prompting fears of another Middle East conflict.

  • A US Marine of 2nd Marine Expeditionary Brigade runs to safety moments after an IED blast in Garmsir district of Helmand Province in Afghanistan on July 13, 2009.

    The Senate defeated an attempt to repeal the war authorization for the 16-year-old Afghanistan conflict and the fight in Iraq.

  • *Company says to focus on Iraq's gas production. LONDON, Sept 13- Royal Dutch Shell is set to end a century of oil production in Iraq by withdrawing from two of the Arab state's flagship fields to focus on more profitable gas development. Shell's retreat highlights the challenges foreign operators face with low-margin oil contracts in Iraq, an OPEC member that...

  • SHELL SAYS WILL FOCUS ITS EFFORTS ON THE DEVELOPMENT AND GROWTH OF BASRA GAS COMPANY IN IRAQ.

  • Yangon, Myanmar

    The issue of Muslim marginalization in Myanmar has sparked fears the country could become fertile ground for transnational terror groups.

  • SULAIMANIYA, Iraq, Sept 12- On the eve of an independence referendum in Iraq's Kurdistan region, one man is campaigning against a "Yes" vote which he fears could stoke tension in the Middle East. With the 5 million Kurds in Iraq who are eligible to vote united by dreams of statehood, the outcome of the Sept. 25 referendum in the autonomous region in northern Iraq is in no...

  • U.S. President Donald Trump holds a news conference in the East Room of the White House April 12, 2017 in Washington, DC.

    Trump is weighing a more aggressive U.S. strategy to counter Iran's forces, its Shi'ite Muslim proxies, and its support for militant groups.

  • *Political void in oil city Basra worsens security challenges. BASRA/ BAGHDAD, Iraq, Sept 11- Worsening clashes among tribes and a political void is threatening security at oil installations in Iraq's main southern oil producing region, officials and security sources said. Stability in Basra, the main southern city at the edge of the Gulf, is of vital importance as...

  • *UAE's Dana Gas again boosted by Kurdistan deal. DUBAI, Sept 5- Kuwait's stock market outperformed on Tuesday as it reopened after Eid al-Adha holidays, while Abu Dhabi- listed Dana Gas continued surging on the back of a deal to obtain payments from Iraqi Kurdistan. Many investors hope index compiler FTSE will decide at the end of this month to upgrade Kuwait to...

  • *Kurdistan deal gives Dana immediate cash infusion. DUBAI, Sept 4- Stock markets in the United Arab Emirates were mostly quiet on Monday as they resumed trading after a long holiday weekend for Eid al-Adha, but Abu Dhabi- listed Dana Gas soared after it agreed on overdue payments from Iraqi Kurdistan's government. Iraqi Kurdistan agreed to immediately pay Dana's...

  • *Loans helped Kurdistan settle $1 bln London litigation. LONDON, Sept 1- Iraq's Kurdistan has borrowed funds from its oil buyers including Russia's Rosneft to help settle a $1 billion London court case, as it cleans up its finances ahead of an independence referendum. Industry sources said the Kurdistan Regional Government had restructured some of its...

  • *OPEC output falls by 170,000 bpd to 32.83 million bpd. LONDON, Aug 31- OPEC oil output has fallen this month by 170,000 barrels per day from a 2017 high, a Reuters survey found, as renewed unrest cut supplies in Libya and other members stepped up compliance with a production-cutting deal. The decline from Libya, and the lack of a further sizeable increase from Nigeria,...

  • LONDON, Aug 30- Iraq's Kurdistan has reached a full and final settlement with Dana Gas and its partners over a $2.24 billion London court case that will see the semi-autonomous region immediately pay the UAE- based firm $1 billion, the two sides said on Wednesday. Under the settlement, Kurdistan will immediately pay $600 million to the Pearl Consortium, in which...

  • WASHINGTON, Aug 29- The United States and Iraq have banished a senior Islamic State finance official from their financial systems, the U.S. Treasury Department said on Tuesday. "Treasury continues to work in close collaboration with the Government of Iraq to dismantle ISIS financial networks both inside and outside of ISIS-controlled territory," said John E....

  • LAUNCESTON, Australia, Aug 24- There is little doubt that Iraq's mooted shift to using Dubai crude futures from long-standing price assessor Platts will shake up the trading of Middle East oil, but is it a once-off shock or the first of the dominoes to fall. Iraq's state oil marketer SOMO has asked its customers for feedback on a planned move to use Oman futures...