Iraq
IFC signs $1 billion in new deals with Iraq
Iraq signed $1 billion worth of investment agreements with the International Finance Corporation (IFC), part of the World Bank Group, as the country seeks to boost its economic recovery.
At least two expatriate workers were killed and two other people wounded after a drone attack targeted the Khor Mor gas field in Iraq's Kurdistan region on Friday.
The drone attack on the Khor Mor gas field halted gas supplies to power plants resulting to a reduction of approximately 2,5000 MW of electricity © Mena Today
At least two expatriate workers were killed and two other people wounded after a drone attack targeted the Khor Mor gas field in Iraq's Kurdistan region on Friday, an advisor to the Iraqi Kurdish Prime Minister and a senior Kurdish political source told Reuters.
Production has also been suspended, both sources added.
The drone attack on the Khor Mor gas field halted gas supplies to power plants resulting to a reduction of approximately 2,5000 MW of electricity, a statement from Kurdistan's electricity ministry said, indicating that operations at the field were suspended.
The Pearl Consortium, United Arab Emirates energy firm Dana Gas (DANA.AD), and its affiliate, Crescent Petroleum, have the rights to exploit Khor Mor and Chemchemal, two of Iraq's biggest gas fields.
No group has claimed the responsibility for the attack.
Reporting by Baghdad Newsroom
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