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Business Iraq

  • Russian President Vladimir Putin says he supports efforts to repatriate children born to Russian parents who have joined the Islamic State group in Syria and Iraq. Now that IS has suffered a crushing defeat, Chechen leader Ramzan Kadyrov launched an effort to locate and repatriate children who were born in Syria and Iraq to Russian parents or moved there with...

  • JAKARTA, Dec 12- Indonesia's Pertamina expects to import up to 250,000 barrels per day of crude oil in 2018, the head of the state-owned company's procurement unit said on Tuesday. From Indonesia's crude output of around 800,000 bpd, about 500,000 bpd currently goes to Pertamina's domestic refineries, Toto Nugroho, Senior Vice President of the firm's...

  • A Syrian sweet called basbousa, made by a refugee working with The Picha Project in Malaysia.

    A food delivery start-up working with refugees from Myanmar and Syria sold more than 40,000 meals in 18 months, made a profit and grew.

  • An Iraqi soldier holds an Islamic State flag during a battle with Islamic State militants, north of Mosul, Iraq.

    An Iraqi military parade celebrating final victory over Islamic State is underway in Baghdad's heavily fortified Green Zone.

  • Iraqi Prime Minister Haider al-Abadi delivers a speech during Baghdad Dialogue Conference in Baghdad, Iraq on January 14, 2017.

    Iraq declared a final victory over the Islamic State which had controlled one-third of the Middle East country.

  • BAGHDAD, Dec 7- Russian Energy Minister Alexander Novak did not discuss operations by Russian oil companies in Iraq's Kurdistan region with the Iraqi prime minister or oil minister during his trip to Iraq, the Iraqi oil ministry said on Thursday. "At a time when the oil ministry welcomes all international oil companies to invest and work in Iraq, it also affirms...

  • DUBAI, Dec 5- Petrochemical giant Saudi Basic Industries Corp plans to open an office in Iraq soon, Saudi Arabia's energy minister said during a visit to Iraq's southern oil city of Basra, as relations between Riyadh and Baghdad thaw. Speaking at an oil and gas conference in Basra, Khalid al-Falih called for increased economic cooperation and praised existing...

  • BASRA, Iraq— In the latest sign of improving relations between Iraq and Saudi Arabia, the kingdom's oil minister attended an energy conference in the southern Iraqi port city of Basra on Tuesday. Khalid al-Falih said Saudi Arabia wants to expand investment projects in Iraq to include energy, manufacturing and natural resources. While Iraq remains a key Iranian...

  • *Oil prices still near highest since mid-2015 on OPEC deal. *OPEC output falls by 300,000 bpd in November- Reuters survey. NEW YORK, Dec 4- Oil fell more than 1 percent on Monday on profit-taking as the market eyed signs of rising U.S. production, though prices remained close to recent two-year highs thanks to last week's decision by OPEC and other producers to extend...

  • *Oil prices still near highest since mid-2015 on OPEC deal. *OPEC output falls by 300,000 bpd in November- Reuters survey. NEW YORK, Dec 4- Oil fell more than 1 percent on Monday on profit-taking as the market eyed signs of rising U.S. production, though prices remained close to recent two-year highs thanks to last week's decision by OPEC and other producers to extend...

  • *Oil prices still near highest since mid-2015 on OPEC deal. NEW YORK, Dec 4- Oil fell more than 1 percent on Monday as the market saw signs of continuing U.S. production increases, though prices remained in sight of their recent two-year highs thanks to last week's decision by OPEC and other producers to extend output cuts. "We're in a situation where there might not be...

  • *Oil prices still near highest since mid-2015 on OPEC deal. LONDON, Dec 4- Oil fell on Monday after U.S. shale drillers added more rigs last week, though prices remained in sight of their recent two-year highs thanks to last week's decision by OPEC and other producers to extend output cuts. U.S. producers were encouraged during 2017 to increase activity as crude...

  • *Oil prices still near highest since mid-2015 on OPEC deal. LONDON, Dec 4- Oil fell on Monday after U.S. shale drillers last week added more rigs but prices still held close to their highest since mid-2015, supported by an extension to output cuts agreed last week by OPEC and other producers. Drillers were encouraged during 2017 to increase activity as crude prices...

  • *OPEC agrees to cap Nigeria, Libya output at 2017 levels. VIENNA, Nov 30- OPEC and non- OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signalling a possible early exit from the deal if the market overheats. Russia, which this year reduced production significantly...

  • *OPEC agrees to cap Nigeria, Libya output at 2017 levels. VIENNA, Nov 30- OPEC and non- OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signalling a possible early exit from the deal if the market overheats. Russia, which this year reduced production significantly...

  • *OPEC agrees to cap Nigeria, Libya output at 2017 levels. VIENNA, Nov 30- OPEC and non- OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signalling a possible early exit from the deal if the market overheats. Russia, which this year reduced production significantly...

  • *OPEC agrees to cap Nigeria, Libya output at 2017 levels. VIENNA, Nov 30- OPEC agreed on Thursday to extend oil output cuts until the end of 2018 as it tries to finish clearing a global glut of crude while signalling it could exit the deal earlier if the market overheats. OPEC also decided to cap the output of Nigeria and Libya at 2017 levels without deciding on figures,...

  • Jabar al-Luaibi, Iraqi oil minister, speaks to CNBC behind the scenes of the OPEC meeting in Vienna, Austria.

  • Smoke billows following a reported air strike by Syrian government forces in the rebel-held parts of Jobar in Damascus, Syria on August 9, 2017.

    Islamic State's days of territorial gains in Iraq and Syria might be over but international experts warn that hopes that the group is finished are wrong.

  • *For first time, Gulf oil ministers not meeting before OPEC. As a six-month-old spat between Saudi Arabia and Qatar deepens, the organisation's Gulf ministers will have to scrap their tradition of meeting behind closed doors to agree policy before OPEC holds its twice-yearly talks, OPEC sources say. The GCC includes OPEC members Saudi Arabia, the United Arab...