By John Lee.

Iraq’s Commission on Integrity has issued a warrants for the arrest of the governor of Kirkuk, the director of school buildings in the governorate, along with 23 employees.

The are accused of misappropriating nearly 58 billion Iraqi dinars ($49 million) in relation to a school-building programme.

The project was assigned to a foreign-based company, which is alleged to have altered the designs of the schools, which were then built using a cheaper, pre-fabricated method of construction.

Kurdistan24 names the governor as Rakan al-Jabouri.

More here and here.

(Source: Commission on Integrity, Kurdistan24)

The post m Corruption Allegation in Kirkuk first appeared on Iraq Business News.

Iraqi Government and Oil and Gas Industry Thought Leaders to Speak at Iraq Petroleum Virtual Event

  • Annual Conference set to navigate the future of the oil and gas industry in Iraq
  • Conference will include online conference sessions available live and on demand for all attendees
  • Delegates will gain insights into the latest policy and project announcements in the oil and gas sector in Iraq as well as the key recovery strategies post pandemic
  • Virtual Event will take place on 20 – 21 October through an interactive platform

CWC and Global Future Energy’s Iraq Petroleum Virtual Conference will include 6 content-rich panel sessions, enabling the oil and gas industry stakeholders to connect and engage with each other virtually to address current issues and facilitate practical solutions to advance the industry in these challenging times.

The Iraq Petroleum Virtual Conference constitutes of Ministerial Panel, Leader’s Session, a Spotlight Session on Kurdistan Iraq Economic Relations and executive panels delivered by thought industry experts. The conference will provide exclusive information, maps and updates on unrivalled opportunities and upcoming projects.

Iraq Petroleum attendees will gain all necessary tools to swiftly adapt their businesses to the post-lockdown environment. In light of the unprecedented circumstances and arising opportunities, the decision-makers and influencers from across the industry will get together to unlock new business opportunities on all levels of the energy industry at Iraq’s most-established and longest-running energy event, the Iraq Petroleum Conference, and discuss:

  • Iraq’s potential as a game changer in the global energy markets; how could Iraq reach its full potential?
  • How could Iraq build a new breed of NOC-backed by trading houses?
  • How could Iraq expand its crude oil market beyond the current buyers?
  • Iraq’s next chapter of upstream investment: How to reform Iraq’s upstream service contracts; what is the way forward?
  • Post pandemic lessons: How to accelerate the digital transformation of Iraq’s energy sector?
  • Iraq’s Electricity: Revolutionizing the Industry; What are Iraq’s priorities post pandemic?
  • Do International Oil Companies plan to build portfolios in Iraq through investments in various parts of the value chain?
  • What are Iraq’s projected gas plans in 2020-2030?

Over the past decade, the CWC Iraq Portfolio has hosted over 100+ Ministers and Senior Officials at various events. Now in its 14th year, Iraq Petroleum will again provide the only platform for oil and gas stakeholders in Iraq to convene. These high-calibre events are held with the support and participation of the new Federal Iraqi Government, the Federal Ministry of Oil, Federal Ministry of Electricity, the Iraqi Federal Parliament, REFAATO as well as considerable sponsors including Lukoil, Mitsubishi and ILF.

Speakers will include:

  1. HE Ihsan Abduljabbar Ismaael Al-Saade, Minister of Oil, Federal Government of Iraq
  2. HE Nafaa Abdulsada Ali Al-Hmidawi, Senior Deputy Minister, Ministry of Electricity, Federal Government of Iraq
  3. Matthew M. Zais, PhD Principal Deputy Assistant Secretary, Office of International Affairs, US Department of Energy
  4. HE Matthew H. Tueller, U.S. Ambassador to Iraq, United States Embassy, Iraq
  5. Husam Hussein Weli, Director General, South Refineries Ministry of Oil, Federal Government of Iraq
  6. Dr Khalid Al-Yaqoobi, Director General, President of Iraq Office, Iraq Presidency, Federal Government of Iraq
  7. Egor Zubarev, Managing Director, LUKOIL Mid-East Limited
  8. Zaid Elyaseri, Head of Country, BP Iraq

For further information, visit https://www.cwciraqpetroleum.com/

To access the full programme, please click here.

The post Key Speakers to address Iraq Petroleum Virtual Event first appeared on Iraq Business News.

Iraqi Government and Oil and Gas Industry Thought Leaders to Speak at Iraq Petroleum Virtual Event

  • Annual Conference set to navigate the future of the oil and gas industry in Iraq
  • Conference will include online conference sessions available live and on demand for all attendees
  • Delegates will gain insights into the latest policy and project announcements in the oil and gas sector in Iraq as well as the key recovery strategies post pandemic
  • Virtual Event will take place on 20 – 21 October through an interactive platform

CWC and Global Future Energy’s Iraq Petroleum Virtual Conference will include 6 content-rich panel sessions, enabling the oil and gas industry stakeholders to connect and engage with each other virtually to address current issues and facilitate practical solutions to advance the industry in these challenging times.

The Iraq Petroleum Virtual Conference constitutes of Ministerial Panel, Leader’s Session, a Spotlight Session on Kurdistan Iraq Economic Relations and executive panels delivered by thought industry experts. The conference will provide exclusive information, maps and updates on unrivalled opportunities and upcoming projects.

Iraq Petroleum attendees will gain all necessary tools to swiftly adapt their businesses to the post-lockdown environment. In light of the unprecedented circumstances and arising opportunities, the decision-makers and influencers from across the industry will get together to unlock new business opportunities on all levels of the energy industry at Iraq’s most-established and longest-running energy event, the Iraq Petroleum Conference, and discuss:

  • Iraq’s potential as a game changer in the global energy markets; how could Iraq reach its full potential?
  • How could Iraq build a new breed of NOC-backed by trading houses?
  • How could Iraq expand its crude oil market beyond the current buyers?
  • Iraq’s next chapter of upstream investment: How to reform Iraq’s upstream service contracts; what is the way forward?
  • Post pandemic lessons: How to accelerate the digital transformation of Iraq’s energy sector?
  • Iraq’s Electricity: Revolutionizing the Industry; What are Iraq’s priorities post pandemic?
  • Do International Oil Companies plan to build portfolios in Iraq through investments in various parts of the value chain?
  • What are Iraq’s projected gas plans in 2020-2030?

Over the past decade, the CWC Iraq Portfolio has hosted over 100+ Ministers and Senior Officials at various events. Now in its 14th year, Iraq Petroleum will again provide the only platform for oil and gas stakeholders in Iraq to convene. These high-calibre events are held with the support and participation of the new Federal Iraqi Government, the Federal Ministry of Oil, Federal Ministry of Electricity, the Iraqi Federal Parliament, REFAATO as well as considerable sponsors including Lukoil, Mitsubishi and ILF.

Speakers will include:

  1. HE Ihsan Abduljabbar Ismaael Al-Saade, Minister of Oil, Federal Government of Iraq
  2. HE Nafaa Abdulsada Ali Al-Hmidawi, Senior Deputy Minister, Ministry of Electricity, Federal Government of Iraq
  3. Matthew M. Zais, PhD Principal Deputy Assistant Secretary, Office of International Affairs, US Department of Energy
  4. HE Matthew H. Tueller, U.S. Ambassador to Iraq, United States Embassy, Iraq
  5. Husam Hussein Weli, Director General, South Refineries Ministry of Oil, Federal Government of Iraq
  6. Dr Khalid Al-Yaqoobi, Director General, President of Iraq Office, Iraq Presidency, Federal Government of Iraq
  7. Egor Zubarev, Managing Director, LUKOIL Mid-East Limited
  8. Zaid Elyaseri, Head of Country, BP Iraq

For further information, visit https://www.cwciraqpetroleum.com/

To access the full programme, please click here.

The post Key Speakers to address Iraq Petroleum Virtual Event first appeared on Iraq Business News.

By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Kadhimi’s Rolling Reshuffle (Part 2): Protecting Iraq’s Economic Institutions and Borders

On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked with overseeing Iraq’s economy, borders, and anti-corruption efforts-a list that includes banks, customs authorities, airports, seaports, land crossings, municipal bodies, investigative committees, and more.

The ambitious scope of the appointments and the centralized manner in which they were made says a great deal about Prime Minister Mustafa al-Kadhimi’s commitment to changing the corrosive status quo in Baghdad.

The question now is whether his government can withstand the coming pushback from militia and political elements who benefit from that status quo. The following is a digest of the new technocratic appointments and their implications; see Part 1 of this PolicyWatch for a discussion of Kadhimi’s recent military reshuffling.

Click here to read the full article, which includes details of the new appointments.

The post Details of PM’s New Appointments to Key Institutions first appeared on Iraq Business News.

By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Kadhimi’s Rolling Reshuffle (Part 2): Protecting Iraq’s Economic Institutions and Borders

On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked with overseeing Iraq’s economy, borders, and anti-corruption efforts-a list that includes banks, customs authorities, airports, seaports, land crossings, municipal bodies, investigative committees, and more.

The ambitious scope of the appointments and the centralized manner in which they were made says a great deal about Prime Minister Mustafa al-Kadhimi’s commitment to changing the corrosive status quo in Baghdad.

The question now is whether his government can withstand the coming pushback from militia and political elements who benefit from that status quo. The following is a digest of the new technocratic appointments and their implications; see Part 1 of this PolicyWatch for a discussion of Kadhimi’s recent military reshuffling.

Click here to read the full article, which includes details of the new appointments.

The post Details of PM’s New Appointments to Key Institutions first appeared on Iraq Business News.

By John Lee.

At the weekly cabinet meeting on Tuesday it was agreed that the Ministry of Planning will finance the replacement of the water channel known as Al-Bada’a canal with a 238-km water pipeline.

According to a government statemet, this will help reduce water scarcity and increase access to safe drinking water in Basra.

(Source: Govt of Iraq)

The post New 238-km Water Pipeline to serve Basra first appeared on Iraq Business News.

By John Lee.

Iraq’s Oil Minister, Ihsan Ismaael [Ahsan Abdul-Jabbar Ismail], will reportedly become the head of a recently-revived Iraq National Oil Company (INOC).

Mr Ismael was previously the director general of the state-run Basra Oil Company (BOC); he joined the cabinet of Prime Minister Mustafa Al Kadhimi in June.

More here.

(Source: The National)

The post Iraqi Oil Minister to head INOC first appeared on Iraq Business News.

By John Lee.

Iraq’s Oil Minister, Ihsan Ismaael [Ahsan Abdul-Jabbar Ismail], will reportedly become the head of a recently-revived Iraq National Oil Company (INOC).

Mr Ismael was previously the director general of the state-run Basra Oil Company (BOC); he joined the cabinet of Prime Minister Mustafa Al Kadhimi in June.

More here.

(Source: The National)

The post Iraqi Oil Minister to head INOC first appeared on Iraq Business News.

By John Lee.

The Chairman of the state-owned Trade Bank of Iraq (TBI) has been chosen as the new head of the Iraq Securities Commission (ISC).

Faisal Al-Haimus (pictured) will take over from Dr. Alaa Abdulhussein Al-Saeidi as Chairman of the regulator.

Grant Felgenhauer, Managing Partner at Euphrates Advisors, an investor on the Iraq Stock Exchange, commented on the appointment:

“[This is] good news. Faisal is a veteran international banker and understands markets and the importance of capital formation to a local economy. This is a very positive development for Iraq’s capital markets and the Iraq Stock Exchange.”

(Source: @gfelge)

The post TBI Boss to Head Iraq Securities Commission first appeared on Iraq Business News.

By John Lee.

The National Investment Commission (NIC) has announced the following investment opportunities:

(Source: National Investment Commission)

The post New Investment Opportunities in Iraq first appeared on Iraq Business News.