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Tag Archives: Baghdad

Wave of bombings hits Baghdad Shiite areas, killing 69

BAGHDAD (AP) — A wave of bombings struck outdoor markets and a restaurant in Shiite-dominated neighborhoods of Baghdad on Tuesday, killing at least 69 people, officials said — the latest in deadly militant attacks far from the front lines in the country’s north and west where Iraqi forces are battling the Islamic State group. In an online statement, IS claimed ...

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How Kurdistan bypassed Baghdad and sold oil on global markets

LONDON – Iraq’s semi-autonomous region of Kurdistan has for the first time detailed its secretive oil exports operations and said it plans to sell more, whether Baghdad likes it or not, as it needs money to survive and fight Islamic State. The region’s minister for natural resources, Ashti Hawrami, said that to avoid detection oil was often funneled through Israel, ...

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Despite US-led campaign, Islamic State rakes in oil earnings

BAGHDAD — The Islamic State rakes in up to $50 million a month from selling crude from oilfields under its control in Iraq and Syria, part of a well-run industry that U.S. diplomacy and airstrikes have so far failed to shut down, according to Iraqi intelligence and U.S. officials. Oil sales — the extremists’ largest single source of continual income ...

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Iraqi forces retake key oil refinery from IS militants

BAGHDAD — The Iraqi government says its forces have driven out Islamic State group militants from a key oil refinery north of Baghdad in a wide-scale military operation. The Joint Military Command said Friday that government troops and paramilitary forces, made up mainly of Shiite militias, retook Beiji refinery and nearby Siniya town. It did not provide additional details on ...

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Iraq battles to rebuild despite war and oil slump

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BAGHDAD – On a main highway south of Baghdad, dozens of buildings rise up from the Iraqi plains, the first blocks of a multi-billion-dollar city emerging from a landscape more accustomed to conflict and crisis than glitzy new development. Bismayah New City, which aims to house half a million people within four years, dwarfs any construction project Iraq has attempted ...

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Brent oil rises to $71 in volatile post-OPEC trade

LONDON, Dec 3 – Brent oil rose to $71 a barrel on Wednesday in choppy trading as the market searched for a price floor after a near 40 percent fall since June, and as U.S. crude stocks declined last week. Trade in oil has been volatile since the Organization of the Petroleum Exporting Countries (OPEC) said last week it would ...

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Iraqi Kurds say oil deal reached with Baghdad

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BAGHDAD— The Iraqi federal government and the Kurdish regional government in northern Iraq have reached an agreement Thursday over longstanding oil and budget disputes that for months have created a rift between the two sides. The government in Irbil, the capital of the semi-autonomous Kurdish region, agreed to sell 150,000 barrels of oil per day to the federal government in ...

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