ConocoPhillips-Led Consortium to Explore Akkas Gas Field
By John Lee. The Iraqi Minister of Oil has been authorised to sign a memoranda of understanding (MoU) with a consortium comprising US-based companies ConocoPhillips, TI Capital and Novaterra Energy. Cabinet approved the agreement, which involves assessing the exploration and development potential at the Akkas gas field (pictured) in western Iraq, and surrounding areas. Earlier […]
Iraqi-German Business Ties on Agenda as PM Meets Ambassador
By John Lee. Iraqi Prime Minister Ali al-Zaidi has received Germany's Ambassador to Iraq, Daniel Krebber, for talks on bilateral relations and economic cooperation. According to the Prime Minister's Office, discussions covered ways to strengthen cooperation across various sectors, as well as regional and international developments. Al-Zaidi highlighted the government's programme of economic, financial, and […]
Data Centre Partnership for Nineveh's Digital Infrastructure
By John Lee. A memorandum of understanding (MOU) has been signed between the Uptime Institute and the Governorate of Nineveh to advance the region's digital infrastructure and support Iraq's national digital agenda. According to a press release published by Business Wire, the agreement was signed on 17th July at the U.S.-Iraq Business Summit, held at […]
Iraq-Jordan Trade Ties Under Discussion in Baghdad
By John Lee. Iraq's Minister of Trade, Mustafa Nizar Jumaa, met on Sunday with the Jordanian Ambassador to Iraq, Dr Maher Salem Al-Tarawna, to discuss ways to strengthen economic and trade cooperation between the two countries. According to Iraq's Ministry of Trade, the meeting included discussion of convening the Iraqi-Jordanian Economic and Trade Committee in […]
$21m Seized in Iraq Oil Corruption Case
By John Lee. Iraqi authorities have seized IQD 27 billion ($20.6 million) in connection with a corruption case involving a detained senior official at the Ministry of Oil. According to the Supreme Judicial Council (SJC), the funds were found hidden with a number of individuals linked to the case. The investigating judge at the Central […]
Jiyad: Al-Zaidi Govt on Petroleum Issues and US Visit
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Al-Zaidi' Government on Petroleum Issues and Washington DC Visit The Iraqi Council of Representatives (Parliament) voted on 14th May 2026 to endorse the new government headed by PM Ali Al-Zaidi, and approved […]
Iraq-Syria Oil Pipeline MoU Approved
By John Lee. Iraq's Council of Ministers has authorised the chief executive of Basra Oil Company (BOC) to sign a memorandum of understanding (MoU) between the Ministry of Oil and Syria's Ministry of Energy. The agreement covers the establishment of a pipeline project to connect Iraqi oil production to global export markets via the Mediterranean. […]
Investment in the Kurdistan Region "Exceeds $25bn"
From the Kurdistan Regional Government (KRG). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Investment in the Kurdistan Region Exceeds USD 25 Billion The Kurdistan Regional Government (KRG) has, as part of broader ongoing efforts to diversify revenue sources and lay the foundation of […]
New Iraq-Iran Agreements include Rail and Road Freight
By John Lee. Iraq and Iran have signed four agreements and memoranda of understanding (MoUs) covering transport, rail, municipal ties, and public administration, during a ceremony in Tehran. According to the Prime Minister's Office, the signing was witnessed by Prime Minister Ali al-Zaidi and Iranian President Masoud Pezeshkian. The agreements were signed on the Iraqi […]
What Does Iraq's $1.47bn Arbitration Victory Mean?
By Umud Shokri, for the Middle East Forum. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What Does Iraq's $1.47 Billion Arbitration Victory over Turkey Mean for the Future? The Paris Court of Appeal has strengthened Iraq in its long-standing case with Turkey. Turkey […]
First Exports of Frozen French Fries from India to Iraq
By John Lee. A first consignment of 24 tonnes of frozen french fries from Kashipur, in Uttarakhand's Udham Singh Nagar district, has been exported to Iraq. According to India's Ministry of Commerce & Industry, the shipment was handled by Virun Global Trade Pvt. Ltd. and facilitated by the Agricultural and Processed Food Products Export Development […]
Inside Washington's Quiet Bid to Break China's Grip on Iraq
By Simon Watkins, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside Washington's Quiet Bid to Break China's Grip on Iraq It looks like the U.S.'s renewed engagement with Iraq could signal a major shift back in Baghdad's geopolitical alignment away from […]