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Iraq War 2015 - Battle For Mosul: Kurdish Peshmerga Fight ISIS During Assault Towards Mosul
Iraq War 2015 - Battle For Mosul: Kurdish Peshmerga Supported By U.S. Airstrikes Fight ISIS During Assault Towards Mosul. Kurdish Peshmerga fighters, backed by U.S. Airstrikes in the form of...

By: WarLeaks

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Iraq War 2015 - Battle For Mosul: Kurdish Peshmerga Fight ISIS During Assault Towards Mosul - Video

Latest Iraq News

By Abdelhak Mamoun on January 22, 2015.

(IraqiNews.com) The ISIS organization executed 13 Iraqi youths in the city of Mosul as punishment for watching a football gamebetween Iraq and Jordan in the Asian Cup that took place on Monday, January 12th. According to an informed source in Mosul, members of the ISIS

Baghdad (IraqiNews.com) The second half of the Iraqi team versus its Iranian counterpart ended. The

Baghdad (IraqiNews.com) The Iranian football team scored its first goal in the Iraqi teams net

By Abdelhak Mamoun on January 22, 2015.

(IraqiNews.com) On Thursday, a source inthe French Ministry of Defense announced, that dozens of former French soldiers, mostly from special forces

By Layla Mohammed on January 22, 2015.

Baghdad (IraqiNews.com) According to al-sumaria news, the festival has been organized to foster the Quranic culture in society and get the

By Abdelhak Mamoun on January 22, 2015.

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Iraq news, the latest Iraq news by Iraqi News

Stefan Wermuth/AP Photo Iraq's Prime Minister Haider al-Abadi speaks during a press conference at the Foreign and Commonwealth Office in London, Jan. 22, 2015.

LONDON Plunging oil prices have wreaked havoc on Iraqs budget, and it cannot pay for the weapons, ammunition and equipment it needs to beat back Islamic State militants from large swaths of its territory, Iraqs prime minister said Thursday.

Iraq has asked the United States and its allies to defer payments on some munitions it urgently needs, Prime Minister Haider al-Abadi said at a conference of 21 nations most actively involved in combatting jihadi fighters in Iraq and Syria. With oil revenue responsible for 85percent of the nations budget, Abadi said, the 40percent drop in prices over the past year has been disastrous for Iraqs government.

We do not want to see a reverse of our military victory due to our budget and fiscal problems, he said, appearing at a news conference with Secretary of State John F. Kerry and British Foreign Secretary Philip Hammond at a conference of nations in the U.S.-led coalition against militants fighting on behalf of a group alternately known as the Islamic State, ISIL, ISIS and Daesh. And we have been assured that every member of this coalition will stand [with] Iraq in its fight against Daesh.

Abadi said the Iraqi government has asked coalition forces to accept deferred payments for munitions and armaments and said the U.S. Air Force had already transported some weaponry from European countries, items he described as free of charge from our coalition partners.

Ive asked for more support, Abadi said. And I think my call didnt go unnoticed.

His dire assessment of Iraqs fiscal condition came as Kerry and Hammond said with confidence that allied forces had halted and in some cases reversed the momentum of the Islamic State. Kerry said almost2,000 airstrikes had killed thousands of fighters in Syria and Iraq and forced Islamic State fighters to retreat from 270squaremiles of territory it once controlled.

Kerry said the coalition members were determined that those gains would not be jeopardized by Iraqs inability to pay.

Let me assure you that this effort is not going to be deterred or diminished or defeated by virtue of the fact that were not going to get the supplies and ammunition necessary to carry it out, he said.

Kerry noted that the United States recently delivered 250MRAPs, armored vehicles developed to protect troops from mines and roadside bombs and now in surplus with the end of the war in Iraq and the troop drawdown in Afghanistan. Kerry also said that the United States is about to deliver a shipment of M-16 rifles. American teams are training12 Iraqi brigades to retake the cities of Mosul and Fallujah.

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Oil price drop hurts Iraqs fight against Islamic State

Iraq is pumping crude at a record pace and will continue to boost exports this year amid a supply glut thats pushed prices down, Oil Minister Adel Abdul Mahdi said.

The average for Iraqi crude output is 4 million barrels a day, which is a historical record, Abdul Mahdi said at a news conference after meeting his Turkish counterpart, Taner Yildiz, in Baghdad. Exports from Iraq will rise to 3.3 million barrels a day this year, boosted by oil from the Kurdish region, Abdul Mahdi said.

The Middle East nation, holder of the worlds fifth-largest crude reserves, is rebuilding its energy industry after decades of wars and economic sanctions. The central government reached an accord last month with the Kurds to allow increased oil exports through Turkey. Oil prices have fallen about 56 percent since June amid a supply surplus on global markets.

Iraq will ship 60 crude cargoes, equivalent to 3.3 million barrels a day, from the Basrah Oil Terminal in the Persian Gulf in February, according to a preliminary loading program obtained by Bloomberg News today. The whole country exported 2.94 million barrels a day in December, the most since the 1980s, Oil Ministry spokesman Asim Jihad said Jan. 2.

Exports from northern Iraq through a pipeline to the Turkish port of Ceyhan will average 375,000 barrels a day in the coming months, rising to as much as 600,000 barrels a day by April, Abdul Mahdi said. About 500,000 to 600,000 barrels a day of Iraqs production is consumed locally, he said.

An agreement in December resolved months of feuding between Iraqs Kurdish region and in the central government in Baghdad over who had the right to export crude from the semi-autonomous area. The deal allowed for as much as 550,000 barrels a day of oil to be shipped through Turkey from northern Iraq, including 250,000 a day from the Kurdish region. Iraqs central government had previously threatened legal action against any buyers of crude produced in the Kurdish area.

Brent crude, the international benchmark, rose as high as $115.71 a barrel in June, before slumping this month to $45.19, the lowest since 2009. Prices fell as the U.S. pumped crude at the fastest rate in more than three decades and the Organization of Petroleum Exporting Countries resisted calls to cut its own output. The United Arab Emirates and Qatar estimate there is a crude surplus at 2 million barrels a day.

Crude prices will rise gradually in the second half of 2015, although they wont return to last years levels, Abdul Mahdi said.

Brent for March settlement fell 1.2 percent, or 60 cents, to $49.56 a barrel on the ICE Futures Europe Exchange in London at 9:26 a.m. local time.

To contact the reporters on this story: Kadhim Ajrash in Baghdad at kajrash@bloomberg.net; Khalid Al-Ansary in Baghdad at kalansary@bloomberg.net

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Iraq Pumps Crude at Record Level Amid Plummeting Prices

LONDON Plunging oil prices have wreaked havoc on Iraqs budget, and it cannot pay for the weapons, ammunition and equipment it needs to beat back Islamic State militants from large swaths of its territory, Iraqs prime minister said Thursday.

Iraq has asked the United States and its allies to defer payments on some munitions it urgently needs, Prime Minister Haider al-Abadi said at a conference of 21 nations most actively involved in combatting jihadi fighters in Iraq and Syria. With oil revenue responsible for 85percent of the nations budget, Abadi said, the 40percent drop in prices over the past year has been disastrous for Iraqs government.

We do not want to see a reverse of our military victory due to our budget and fiscal problems, he said, appearing at a news conference with Secretary of State John F. Kerry and British Foreign Secretary Philip Hammond at a conference of nations in the U.S.-led coalition against militants fighting on behalf of a group alternately known as the Islamic State, ISIL, ISIS and Daesh. And we have been assured that every member of this coalition will stand [with] Iraq in its fight against Daesh.

Abadi said the Iraqi government has asked coalition forces to accept deferred payments for munitions and armaments and said the U.S. Air Force had already transported some weaponry from European countries, items he described as free of charge from our coalition partners.

Ive asked for more support, Abadi said. And I think my call didnt go unnoticed.

His dire assessment of Iraqs fiscal condition came as Kerry and Hammond said with confidence that allied forces had halted and in some cases reversed the momentum of the Islamic State. Kerry said almost2,000 airstrikes had killed thousands of fighters in Syria and Iraq and forced Islamic State fighters to retreat from 270squaremiles of territory it once controlled.

Kerry said the coalition members were determined that those gains would not be jeopardized by Iraqs inability to pay.

Let me assure you that this effort is not going to be deterred or diminished or defeated by virtue of the fact that were not going to get the supplies and ammunition necessary to carry it out, he said.

Kerry noted that the United States recently delivered 250MRAPs, armored vehicles developed to protect troops from mines and roadside bombs and now in surplus with the end of the war in Iraq and the troop drawdown in Afghanistan. Kerry also said that the United States is about to deliver a shipment of M-16 rifles. American teams are training12 Iraqi brigades to retake the cities of Mosul and Fallujah.

Meanwhile, Defense Secretary Chuck Hagel resisted recent comments from Abadi suggesting that international assistance has not come fast enough as his country battles the Islamic State.

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Oil price drop hurting fight against Islamic State, Iraqs prime minister says