Iraq’s oil ministry has sent the final draft of a gas deal with Royal Dutch Shell to cabinet for approval, Iraq’s Oil Minister said on Thursday.
Iraq sees no need to even discuss an Opec quota until its output reaches 4 million barrels per day (bpd) so any talk of a specific limit before then is premature, the country’s oil minister said.
Iraq on Thursday invited international energy firms to submit bids for a September 1 auction of three of its gas fields
A British court released the head of Iraqi Airways on Thursday and allowed him to return home, the Iraqi transport ministry said in the latest twist in a legal nightmare for the airline.
Prime Minister Barham Salih will visit the UK next month to speak at a major international conference on trade and investment in the Kurdistan Region.
France’s Lafarge launched a $200-million renovation of an Iraqi manufacturing plant on Thursday to boost production and grab a bigger share of the local cement market.
The Arab world needs to invest more than $100 billion over the coming 20 years to meet growing demand for food from the local population, which is expected to grow to 550 million by 2030, Abha-based Al Watan daily reports Saturday, citing an official. The private sector should provide about half of the required investments […]
The Food and Agriculture Organization (FAO) of the United Nations said on Saturday that it expects Iraq to double its wheat production this year. “Iraq could produce two million tons of wheat in 2010,” an FAO expert told the press. He attributed the increase in wheat production in Iraq to the better rain season this […]
The contract, estimated at several billions of dollars, is to take place in oil fields in southern Iraq.
National Investment Commission (NIC) announced at the end of March that the country plans to invest around US$150bn in infrastructure projects over the next 15 years.
The main performance criteria is to hold constant recurrent expenditure in the 2011 and 2012 federal budgets, in nominal terms so that it falls to 57% (from 70%)of GDP by 2012.
“The delegation of the British company announced that the production of oil from Rumaileh field will increase by about 10% at the end of the year, while the rate will increase to about 50% at the beginning of next year