Iraq Business News (en)

Turkey’s Optimistic Plans in Iraq seem to be Faltering

Iraq Business News (en) - Thu, 01/18/2018 - 3:01am

By Mahmut Bozarslan for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

The partnership Turkey, Iran and Iraq formed against the Kurdistan Regional Government (KRG) independence referendum in September has left Tehran pleased but left Ankara severely disappointed.

Ankara had two basic expectations about the partnership. First, Turkish officials believed that a new pipeline would be built to carry oil from Kirkuk, Iraq, to Turkey’s Ceyhan oil terminal, replacing a damaged line and bypassing the KRG. And second, as an alternative to the border crossing from Habur, Turkey, into Iraq — which provides lucrative income to the KRG — a new border crossing to Iraq would open at Ovacik in Turkey.

Ankara calculated that a crossing at Ovacik, at the junction of Iraqi-Syrian-Turkish borders, would:

  • Deprive the KRG of income from customs taxes.
  • Provide a shorter road connection between Tal Afar and Mosul, which features in Turkey’s “New Ottoman” dreams.
  • Strengthen relations with Turkmens and sever the connection between the Kurdistan Workers Party (PKK) at the Yazidi town of Sinjar and the Kurdish Rojava region in northern Syria.
  • Be linked to the main highway to Mosul with a 120-kilometer (75-mile) road upgraded to international standards and a new bridge to be built over the Tigris River.

But the Ovacik project has been shelved and an alternative pipeline plan — involving Iran — has emerged, marginalizing the proposed new pipeline to move oil from Kirkuk to Ceyhan.

For three years, the KRG sold oil from the Kirkuk-Ceyhan pipeline. But the central government in Baghdad took over the Kirkuk oil fields after the Kurds threatened in September to seek independence.

On Oct. 16, Baghdad implied that the Kirkuk oil would be sent out via Turkey as in the past. The pipeline had been used irregularly during the battle against the Islamic State (IS), and Baghdad cut off the flow completely after the September independence referendum. Turkey expected the flow to resume — but it hasn’t.

IBN Expert Blogger Co-Authors New Book

Iraq Business News (en) - Wed, 01/17/2018 - 3:05am

Iraq Business News is proud to announce that our Expert Blogger Ahmed Mousa Jiyad has just contributed to a major new book on the regulation of the upstream oil and gas industry.

The second edition of Upstream Law and Regulation: A Global Guide, published by Globe Law and Business, summarises the upstream regulation and the key concerns in over 30 important and emerging oil and gas jurisdictions.

Globe Law and Business offers IBN readers a 20% discount off the normal price. Please enter the code “IBNGLB” on the website checkout page to receive the discount.

This fully updated new edition of the practical handbook, now in two volumes, takes an in-depth look at the most relevant petroleum provinces, summarising upstream regulation and key concerns in over 30 important and emerging oil and gas jurisdictions.

Issues featured include the key terms of petroleum law, the types of legal arrangement in place, the fiscal terms, how to qualify to acquire acreage, governing law, dispute resolution mechanisms, decommissioning and governmental control.

As a result, the book provides a comprehensive global resource for upstream investments. New areas of coverage for this edition include Algeria, Ecuador, Israel, Lebanon, Morocco and Oman.

Mr Jiyad has written the chapter on Iraq, and we are sure that this will be an important resource for oil industry professionals with an interest in Iraq’s most important sector.

Congratulations Ahmed!

Shaikan Crude Oil Sales Agreement Signed

Iraq Business News (en) - Wed, 01/17/2018 - 3:04am

Gulf Keystone Petroleum (GKP) has announced that a crude oil sales agreement has been signed between Gulf Keystone Petroleum International Ltd (“GKPI”), on behalf of the Shaikan contractors, and the Kurdistan Regional Government (KRG).

Under the agreement, the KRG will purchase Shaikan crude oil at the monthly average Dated Brent oil price minus a total of c.$22 per barrel for quality discount, as well as domestic and international transportation costs. This discount is based on the same variables contained within other oil sales agreements in the Kurdistan Region of Iraq. 

The majority of the Shaikan crude oil is currently being transported by truck from the Shaikan field to Fishkhabour, where it has been injected into the export pipeline to Turkey gradually since 15 November 2017, while the remainder is sold domestically. 

The agreement is effective from 1 October 2017 until 31 December 2018.  GKPI will now invoice the KRG for oil sales for the months from October 2017 onwards on the basis of the realised netback price and net entitlement volumes in accordance with the Shaikan Production Sharing Contract, as amended by the 1st PSC Amendment in 2010 (“Shaikan PSC”).

The Company continues its discussions with the KRG’s Ministry of Natural Resources (“MNR”) on the terms of a potential 2nd PSC Amendment.  The Company will inform the market of any material developments in this regard.

(Source: GKP)

Free Satellite Internet “Soon”

Iraq Business News (en) - Wed, 01/17/2018 - 3:03am

By John Lee.

Plans are reportedly progressing to launch a free ka-band satellite broadband service in Iraq in the second quarter of 2018.

UK-based Quika promises the world’s first entirely free high-speed satellite internet for consumers in developing countries.

Its free plan will be funded by paid-for services for enterprises and internet providers.

According to Engadget, the company is led by the chief of satellite provider Talia.

(Source: Engadget, Quika)

Number of Returns Exceeds Number of Displaced Iraqis

Iraq Business News (en) - Wed, 01/17/2018 - 3:02am

Number of Returns Exceeds Number of Displaced Iraqis: UN Migration Agency

For the first time since the beginning of the Iraq crisis in December 2013, the number of people returning to their area of origin has surpassed the number of people displaced in the country.

Over the past four years, the country has been deeply affected by the conflict with ISIL, which led to the displacement of nearly six million people. Prime Minister Abadi announced Iraq’s victory over ISIL on 9 December 2017; by the end of 2017 IOM, the UN Migration Agency, identified 3.2 million people, who have returned back to their place of origin, while a staggering 2.6 million remained displaced.

Following the improvement of the security situation in retaken areas, a sizable number of internally displaced Iraqis have returned to their location of origin, mainly to the Governorates of Anbar (38 per cent; more than 1.2 million people), Ninewa (30 per cent; nearly 975,000 people), and Salah al-Din (14 per cent; nearly 460,000 people). These three governorates were the worst affected by ISIL’s occupation, and count for 86 per cent of the current displaced population in the country.

Shortly after the operation to retake Mosul was launched in October 2016, IOM Iraq constructed two emergency displacement sites, one in Haj Ali and one in Qayara, with combined capacity of sheltering 110,000 internally displaced persons (IDPs). The sites were constructed in partnership with the Government’s Ministry of Migration and Displacement; both sites are located in the southeast of Ninewa governorate.

Anbar eyes Political Battle as Displaced Return

Iraq Business News (en) - Wed, 01/17/2018 - 3:01am

By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

Two months after government forces retook Iraq’s last major city from the Islamic State (IS), the country is preparing for parliamentary elections slated for May.

Anbar, its largest and westernmost region, is where IS took control of its first Iraqi city in January 2014. Fighters from the international terrorist group are reportedly still hiding in parts of its vast desert.

How the shift from fighting a terrorist group with roots in the area to competition at the political level plays out will affect the years to come.

Provincial Gov. Mohamed al-Halbusi, who took office in the fall, told Al-Monitor that voter turnout had been very low in the province for many years due to the fear of insurgents but that he expected this to change in the upcoming elections.

Local officials, security forces and a tribal leader echoed that sentiment to Al-Monitor over a number of days in the province in early January. “About 85%” of the province’s inhabitants are home, Halbusi said, and “I think about 60% of them will vote.”

However, with many of the displaced still not back in their homes, some have called for the elections to be postponed.

Recent reports of forced returns from internally displaced person (IDP) camps scattered around the Sunni-dominant Anbar region and elsewhere in the country have also raised concern.

In an interview in Ramadi, provincial police chief Gen. Hadi Rizej Kessar told Al-Monitor, “We decided to close all IDP camps and send families back to their homes because the security is now good. But if we have some families that remain in the camps, we can arrange for them to vote inside the camps.”

More Details on Iraqi Reconstruction Conference

Iraq Business News (en) - Tue, 01/16/2018 - 3:57am

By John Lee.

On 13th February 2018, and within series of events of the Kuwait International Conference of Iraq Reconstruction and Development, Kuwait Chamber of Commerce & Industry (KCCI) will organize jointly with Iraq’s National Investment Commission (NIC), the World Bank (WB) and the Kuwait Fund for Arab Economic Development (KFAED) a conference entitled Invest in Iraq which will be attended by investors from all over the world.

Iraq shall present the feasibility studies and licenses for 60 key investment projects with total amount exceeds $ 85 billion.

The WB will support such projects by offering guarantees, compensation of first loss, and markets exploration. This conference would be the first of its kind to be supported by the WB and targeting investments.

Applications to attend will be received until 20:00 GMT on Wednesday, January 24th, 2018.

More information, including the program, here.

(Source: Kuwait Chamber)

Ride-Hailing Service is Launched in Baghdad

Iraq Business News (en) - Tue, 01/16/2018 - 3:57am

By John Lee.

The ride-hailing service Careem has reportedly launched its services in Baghdad.

According to Saudi Gazette, the Dubai-based company plans to expand to other cities across Iraq in the near future.

(Sources: Saudi Gazette, Arabian Business)

Investment Opportunity: Electronic Energy Meters

Iraq Business News (en) - Tue, 01/16/2018 - 3:57am

By John Lee.

The Diyala State Company has announced an opportunity to invest in the production of Electronic Energy Meters.

More details here.

(Source: National Investment Commission)

US Helps Meet the Needs of Minorities in Iraq

Iraq Business News (en) - Tue, 01/16/2018 - 3:57am

Continued U.S. Assistance to Better Meet the Needs of Minorities in Iraq

The United States Agency for International Development (USAID) and the United Nations Development Programme (UNDP) have agreed to increase assistance to Iraqis, particularly religious and ethnic minorities, to enable them to return to their homes in areas liberated from ISIS.

Following Vice President Pence’s remarks in October of last year, USAID renegotiated the terms of its agreement to contribute to the UNDP Funding Facility for Stabilization (FFS) so that $55 million of a $75 million payment will address the needs of vulnerable religious and ethnic minority communities in Ninewa Province, especially those who have been victims of atrocities by ISIS.

The modified agreement ensures that the U.S. contribution will help the populations of liberated areas in Ninewa Province resume normal lives by restoring services such as water, electricity, sewage, health, and education.

The $75 million contribution is the first tranche of the $150 million announced for the FFS by U.S. Ambassador to Iraq Douglas Silliman in July 2017; fulfillment of the rest of that pledge will depend on UNDP’s success in putting in place additional accountability, transparency, and due-diligence measures for the FFS.

USAID is also proceeding with a process called a Broad Agency Announcement to solicit innovative ideas that support the resettlement of ethnic and religious minorities in their ancestral homes in Iraq. The results of that competition will be available by early Spring.

(Source: UN)

Increase in Internet Scams Entraps Naïve Baghdad Locals

Iraq Business News (en) - Mon, 01/15/2018 - 9:51am

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

By Ibrahim Saleh.

An Increase In Internet Scams Entraps Naïve Baghdad Locals

Over the past few months there has been an increase in stories about money-making scams on Facebook. Ill-informed Iraqis with get-rich-quick dreams are still falling for fraudsters’ lies.

Tariq al-Halaq works at a barbershop in the central Baghdad neighbourhood of Mansour and he likes to talk to customers about his plans to get rich. The 37-year-old wants to make money and then leave the country to live a quiet life elsewhere. “It will only take a little time,” al-Halaq says.

Ask him why and he says he has stumbled upon an ingenious new scheme to make money on Facebook.

These online scams have always been around, says one Baghdad local, but recently they have been becoming more professional, targeted and therefore more widespread.

On a post in a closed Facebook group, meant mainly for the sale of second-hand cars, al-Halaq read about a man called Ahmad al-Yasri.

“Buy a parcel for IQD6 million or a bank note for IQD60,000,” al-Yasri writes on Facebook. A parcel is a bundle of American bank notes amounting to US$10,000 and a bank note refers to a US$100 note. But the amount that the man is selling the currency for does not equate to current exchange rates. Six million Iraqi dinars only add up to around US$5,000. And six thousand Iraqi dinars only equal around US$50.

There is even a video accompanying the post which shows a surfeit of bank notes. Al-Yasri says he is trapped in another country with all the cash and cannot move it, which is why he is trading it for half of its value.

Germany now UNMAS’ Largest Contributor in Iraq

Iraq Business News (en) - Sun, 01/14/2018 - 9:52am

Germany now UNMAS’ largest contributor for clearance of explosive hazards in Iraq

The United Nations Mine Action Service (UNMAS) welcomes an additional contribution of € 17 million ($20.2 million) from the Government of Germany towards survey and clearance of explosive hazards in support of humanitarian and stabilization initiatives.

The overall contribution, totalling € 44.2 million ($52.5 million) since 2016, makes the Government of Germany the most significant donor to UNMAS in Iraq.

The recent contribution of € 10 million to enable Humanitarian efforts and additional € 7 million to enable Stabilization initiatives is timely as the Government of Iraq seeks to facilitate the return of over more than three million people to their homes in liberated areas.

UNMAS will focus on risk education and clearance of public spaces to support the safe, dignified and voluntary return of Iraqis as well clear critical infrastructure providing electricity, water, health and education services. Activities will be focussed in Anbar, Salahadin, Kirkuk and Ninewa Governorates.

The conflict with ISIL in Iraq has resulted in complex and extensive explosive hazard contamination and has displaced more than three million people since 2014. Explosive hazards present a significant risk for individuals returning to their communities, as well as those providing the initial response, especially in urban areas where explosive items are buried in rubble and debris from collapsed buildings. Humanitarian actors are challenged to safely provide assistance and people have been forced to abandon their homes due to explosive hazards.

Iraq Cracks Down on Online Gun Sales

Iraq Business News (en) - Sun, 01/14/2018 - 9:51am

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. 

Iraq is upping its efforts to restrict the public’s access to weapons, which will be a daunting task given the prevalence of weapons on the market and their wide exchange on social media.

When the country’s top Shiite cleric, Ayatollah Ali al-Sistani, demanded Dec. 15 that the government escalate operations to put all weapons under its control, Iraqi Prime Minister Haider al-Abadi announced a plan to do just that. At times in the past, sales were blatant and widespread; after the fall of Saddam Hussein in 2003, weapons were sold on the streets in most Iraqi cities. That’s no longer the case — but now dealers have the internet.

Facebook and other social media platforms have become hubs for the weapons trade. Although arms dealing is illegal in Iraq, dealers started using social media when the Islamic State invaded the country.

When Mohamed Akram wanted to buy a weapon, he searched Facebook. After about an hour, he was able to purchase a Kalashnikov rifle from a group that otherwise focuses on car sales. Although the name of the group has nothing to do with weapons, it actually promotes their sale along with shoes, personal-care items and miscellanea including hair tonic.

“Many people recommended that I search on Facebook and look for available weapons,” Akram, who lives in the al-Hurriya neighborhood north of Baghdad, told Al-Monitor. “I didn’t find any other way to buy weapons, [but] many people buy from these groups.”

Anyone can ask to join such groups, and once the group administrator approves a request, a new member can buy and sell weapons.

GardaWorld Weekly Security Report

Iraq Business News (en) - Sat, 01/13/2018 - 8:13pm

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers.

Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments across the country.

Please click here to download the latest report free of charge.

For more information on how GardaWorld’s services can support your business in Iraq, please contact Daniel Matthews, Senior Director Iraq, at

Lawyers get Death Threats but Won’t go to Police

Iraq Business News (en) - Sat, 01/13/2018 - 9:52am

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

By Narim Rostam.

For lawyers working on sensitive cases, especially corruption cases, in Iraqi Kurdistan, death and other threats are just part of the job.

On New Year’s Eve in the district of Bakhtiari, in Iraqi Kurdistan, there was gunfire at local lawyer Omar Tawfik’s house. But this hail of bullets was not celebratory. Tawfik believes he was targeted by unknown assailants and blames those who previously threatened him.

Tawfik received these threats because he was involved in a complex court case, that started in 2012 but has yet to be resolved, around corruption involving land sales and senior politicians and administrators. The case saw the arrest of the then-mayor of Sulaymaniyah, Zana Hama Salih, who died in mysterious circumstances while in custody.

Tawfik says he knew he would be threatened as a result of this case – even though he hasn’t been able to make much difference, he says.

The fact that those working in the legal profession are threatened is nothing new in Iraqi Kurdistan. However recently the frequency of the threats and attacks seems to have increased.

Last year, many local lawyers said at one time or another, that they were threatened. But not many of them want to chase those who harass them nor do they like disclosing the details of the threats. This is a worldwide phenomenon – lawyers are often threatened but they don’t often report the threats to the police.

In fact, details released by the Kurdistan Bar Association say that out of their 9,000 or so members, only 7 were threatened last year.

Preventing Sexual Abuse and Exploitation in Iraq

Iraq Business News (en) - Sat, 01/13/2018 - 9:51am

As humanitarians, we have a collective responsibility to prevent and safely respond to sexual abuse and exploitation in Iraq,” said Jennifer Emond, a UNFPA specialist on the subject, during a training programme in Iraq.

Risk of sexual exploitation and abuse escalate during times of crisis. Community protection systems are disrupted when populations are displaced, and breakdown in law enforcement enable perpetrators to abuse with impunity. Under conditions of deprivation and fear, people with power – even aid workers – may coerce others into sexual relationships in exchange for food, medicine or safety.

The United Nations Population Fund (UNFPA) and its partners are working to end these abuses through a range of actions known as “protection from sexual exploitation and abuse” (PSEA).

UNFPA and the World Food Programme (WFP) are together co-chairing the Iraq Network to Protect from Sexual Exploitation and Abuse. For the last two months, UNFPA and its PSEA network partners have been training humanitarian workers across Iraq on the principles of PSEA, including how to prevent abuses and respond if they occur.

“So far, we have trained up to 400 humanitarian workers in Sulaymaniyah, Dohuk, Baghdad, Basra, Soran and Erbil,” Ms. Emond said.

Those aid workers will themselves act as trainers, reaching out to hundreds more with critical information that can improve protections for vulnerable populations.

Improving reporting and protections

The trainings help humanitarian staff understand how sexual exploitation and abuse can occur in different scenarios, as well as the consequences for survivors, the community and all humanitarian actors. Participants are taught to understand the power imbalance between aid actors and vulnerable populations, and to realize what behaviour is not acceptable.

Investment Opportunity: Borders Crossing Points

Iraq Business News (en) - Fri, 01/12/2018 - 4:18pm

The General Commission for Border Crossings in coordination with the National Investment Commission (NIC) has announced the investment opportunities of establishing high-standards border crossings in the following points:

  • Al- Waleed crossing point
  • Rabeaa crossing point
  • AL- Muntheriyah crossing point
  • Mandeli crossing point
  • Traibeel crossing point
  • Al- Qaem crossing point

According to the following requirements:

  • A VIP building consists of (Lobby, Meetings Hall, Restaurant, Services, Medical care centers, Bedroom)
  • Testing labs service: establishing developed laboratories for all specialized departments operating in the crossing point providing that they must be subject to sectoral sides supervision>
  • Testing, Searching and Control labs
  • Radiological testing labs
  • Health lab
  • IT and Internet Services: establishing, equipping and managing an IT and Internet center under the supervision of the responsible sectoral side.
  • Balanced Scaling Service: establishing, equipping and managing the balanced scales in the crossing point under the supervision of the responsible sectoral side.
  • Testing machines Service: establishing, equipping, managing and maintaining the testing Sonar machines, persons and luggage testing machines and the radiological testing machines after obtaining the sectoral side approval and supervision.
  • Services offices: establishing, equipping and operating services office ready to undertake the responsibility of providing the services of charging, discharging, cleaning and rehabilitating the crossing point buildings (sanitary works, Décor, power supply, water supply maintenance, and telecommunications)

Motel and Hotel Services: establishing, equipping and managing a motel to provide its services to the visiting passengers.

  • Restaurants and Booths: establishing, equipping and managing restaurants and booths within the crossing point that can provide regular meals, snacks and soft drinks.
  • Testing Services: (K9) establishing, equipping and managing a testing service (K9) in the crossing points under the supervision of the sectoral side and includes testing explosives and drugs.
  • Storing Services: establishing, equipping and managing cooled and non- cooled stores for all specialized departments in the crossing point (Food and equipments, Agricultural quarantine, veterinary quarantine, and medical quarantine).
  • Shaded waiting areas: Establishing parking areas for vehicles, buses and trucks according to the international standards.
  • Fuel stations service: establishing, equipping and managing a fuel station within the crossing point
  • Rest houses Service: establishing, equipping and managing rest houses within the crossing point.
  • Water Desalination Station: establishing, equipping and maintaining water desalination stations within the crossing point.
  • Power and Water Supply Services: the investing side shall be in charge of establishing power generation stations and water supply stations.
  • Control System: establishing, equipping and maintaining a control system to be provided with the latest cameras and surveillance devices from the latest international sources.
  • The point entrances: establishing, equipping and maintaining 4 entrances, 2 in the Iraqi side and 2 in the other side.
  • Electrical Gates: establishing, equipping and maintaining developed electrical gates provided with Sonar machines, balanced scales and biometric reading machine.
  • The crossing point buildings: establishing, equipping and furnishing special buildings for the crossing point departments and other depts. operating in the point area in addition to establishing halls for sleep.
  • Mosque: establishing, equipping and furnishing a mosque with modern specifications.

Investors willing to invest in the aforementioned investment opportunities are required to submit a detailed offer with the feasablity study at the headquarter of the National investment Commission or the headquarter of the Crossing Points commission, knowing that the closing date is 31.01.2018.

For any further information please call Colonel Khaled Hasoon Jabur – Head of the Contracts Section:



(Source: National investment Commission)

Gazprom Neft Halves Badra Production Target

Iraq Business News (en) - Fri, 01/12/2018 - 4:18pm

By John Lee.

Russia’s Gazprom Neft has reportedly revised down its output plateau for the Badra oil field.

Denis Sugaipov, head of Gazprom Neft’s department of large projects, told Reuters that the consortium running the project has proposed setting the output plateau for the next few years at its current level of around 85,000 bpd, as the field is more geologically complex than previously thought.

This is half the level initially planned as a plateau to be reached in 2017.

The field is being developed by Gazprom (30%), KOGAS (22.5%), Petronas (15%), TPAO (7.5%), Iraqi state-owned Oil Exploration Company (25%).

According to Reuters, $4.0 billion has been invested in the plant so far, including $1 billion for a gas processing plant; another $2.5 billion is planned to be invested by 2030.

(Source: Reuters)

Shewashan Output Significantly Below Target

Iraq Business News (en) - Fri, 01/12/2018 - 4:18pm

Gas Plus Khalakan (GPK), the sole contractor of the Khalakan PSC in the Kurdistan Region of Iraq, has issued an end-2017 operations update regarding the Shewashan field.

Oil Sales:

Total payments received by GPK for oil sales now amount to $9.0 million representing 190,115 barrels of GPK entitlement oil sold through to the end of September 2017. Sales from  October  to December  has  been  invoiced  through  the  traditional  operating procedures in place with the KRG Ministry of Natural Resources.

Oil Production:

In total, cumulative field production to date exceeds 1,300,000 barrels of oil. Current total field production is 1,000 barrels per day. Total oil production for the 3rd quarter 2017 was 81,207 barrels and 422,027 barrels have been produced in 2017, up to and including 1 December 2017.

These amounts are significantly below that required to meet forecast annual production targets and break-even economics. There are two main reasons for this lower production.

Firstly, water production rates in the Qamchuga formation have limited oil production rates. The Qamchuqa formation is heavily fractured and many of these fractures are connected to the aquifer.

Secondly, production rates from the Shiranish and Kometan reservoirs have been limited, due to these formations having a tight matrix, with their fracture network being not as developed and extensive as in the Qamchuqa reservoir. GPK continues to recomplete the four Shewashan wells to limit water production in the Qamchuga and stimulate the Kometan and Shiranish reservoirs to facilitate greater production rates.

This activity is summarized below:

Shewashan #1:

Current production rate: 350 bopd and <5% water cut from the Qamchuqa reservoir. Recompletion plans include: perforation and acid stimulation of the Kometan reservoir.

Shewashan #2:

Current production rate: 650 bopd and low water cut from the Kometan reservoir. Recompletion plans include:  Larger acid stimulation in the Kometan to increase the production from perforated intervals (45m) and a possible propped hydraulic frac in the Shiranish reservoir which has yet to be tried in the field.

Coalition Aims to Defeat ISIS’ Brand

Iraq Business News (en) - Fri, 01/12/2018 - 4:18pm

The physical caliphate of the Islamic State of Iraq and Syria is in pieces and operations against ISIS [Islamic State group, ISIS, ISIL, Daesh] continue in the Euphrates River valley, but the ISIS “brand” remains to be defeated, Pentagon officials said on Thursday.

Remnants of the terror group continue to operate in Iraq, but improved Iraqi security forces are able to manage that threat, chief Pentagon spokesperson Dana W. White and Marine Corps Lt. Gen. Kenneth F. McKenzie Jr. told reporters during the weekly Pentagon briefing. McKenzie is the director of the Joint Staff.

And, McKenzie denied Russian claims that the United States was responsible for drone attacks on Russian airfields in Syria. “I can tell you unequivocally that the United States was not involved in any way with the drone attack on the Russian base at any time,” he said.

ISIS ‘Broken, Fractured’

“[The physical caliphate] has been broken and fractured, but the work still continues,” White said. “We are going to continue our operations because we ultimately have to ensure we have conditions on the ground that ISIS can never re-emerge.”

McKenzie said trends against the remnants of the physical caliphate in the Middle Euphrates River valley are good. “We seem to be having success there with our allies and partners, but … I wouldn’t put a timeline on that,” he said. “There is also an enduring global element to it — the enfranchisement of ISIS. Even though they failed as a caliphate, there are global manifestations of their brand that we see pop-up. I think there is plenty for the global coalition to do in the year ahead, aside from the physical end of the caliphate in the Euphrates River valley.

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