Iraq
Iraq devalues dinar
Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.
A drone attack on one of Iraq's largest gas fields has led to a temporary suspension of production, resulting in major power cuts across the country's northern Kurdistan region, officials said on Friday.
Local sources said power from the network had been totally absent in the region since after the attack © Mena Today
A drone attack on one of Iraq's largest gas fields has led to a temporary suspension of production, resulting in major power cuts across the country's northern Kurdistan region, officials said on Friday.
No group has claimed responsibility for the explosive drone that struck Khor Mor gas field in the Sulaimaniya region of northern Iraq overnight.
It damaged a liquid gas storage tank but caused no injuries, according to the field's United Arab Emirates-based operator, Dana Gas.
Dana Gas said production was temporarily suspended to put out a fire, which was extinguished, and a resumption of operations was expected soon.
Kurdistan's electricity ministry said the attack had led to a 2,800 megawatt drop in power production.
U.S. Ambassador to Iraq Alina Romanowski condemned the attack, saying it "exposed millions to power outages in mid-winter".
Local sources said power from the network had been totally absent in the region since after the attack.
Pearl Petroleum, a consortium of Dana Gas and its affiliate Crescent Petroleum, have the rights to exploit the Khor Mor and Chemchemal fields, two of the biggest gas fields in Iraq.
Iraq has witnessed near-daily drone and rocket attacks since Israel's war in Gaza began in October, mostly targeting bases housing troops belonging to a U.S-led military coalition. They have been claimed by the Islamic Resistance in Iraq, an umbrella group of hardline pro-Iran militias.
In a separate incident on Thursday, an explosive-laden drone targeting U.S. forces at a base near Erbil airport in Iraq's northern Kurdistan region was shot down by air defences, the region's counter-terrorism service said.
Reporting by Timour Azhari
Iraq's central bank devalued the dinar against the dollar on Wednesday, the first time in more than three years, as the economic fallout from the Middle East war deepens.
US forces ended their mission in Iraq on Wednesday after more than two decades of war there, raising fears of a security vacuum that would embolden Iranian-backed Shi'ite militias and allow Islamic State to regroup.
US forces are set to withdraw on Wednesday from their last bases in Iraq, a departure celebrated as a victory by Iran and its allies, which have deep influence in the country where 4,500 Americans died during more than two decades of war.
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