Chevron and Iraq Near Deal on West Qurna 2 Contract
By John Lee. Agreements have been reached on a contract for the West Qurna 2 oil field, with a signing expected before the end of 2026. Discussions are also continuing on a development contract for the Nasiriyah oil field and four exploration blocks. According to the Ministry of Oil, Minister Basim Muhammad Khudhair al-Abadi met […]
Trade and Investment Forum Strengthens Iraq-EU Business Partnerships
By John Lee. More than 400 companies, including around 50 from the European Union, have gathered in Baghdad for the two-day Iraq National Trade and Investment Forum (INTF) 2026. The event, held on 28-29 October at the Babylon Rotana Hotel, attracted more than 750 registrations from businesses, government institutions, chambers of commerce, financial institutions and […]
NIC Meets Ecolog Int'l to Explore Investment Opportunities
By John Lee. The National Investment Commission (NIC) has held a preliminary meeting with a delegation from Ecolog International, which it says is a "German company headquartered in the Netherlands", to discuss potential investment cooperation in Iraq. According to the NIC, the meeting was chaired by commission head Adel Dakhil Muhammad al-Yasiri, with the director-general […]
Private Sector "at the Heart" of Iraq's Economic Transformation
By John Lee. Iraq's future economy should be measured not by oil production volumes but by added value, job creation, and regional and global integration, according to a senior adviser to the Prime Minister. Yousif Al Dunainawi, Chairman of the Advisory Commission of the Prime Minister, made the remarks at the International Institute for Strategic […]
Iraq-Italy Business Council Meeting Focuses on Investment
By John Lee. Iraq's Ministry of Trade has held discussions with the Iraq-Italy Business Council (IIBC) on expanding investment opportunities and economic partnerships. The meeting, held at the council's headquarters, was attended by the council's chairman and board members alongside a group of businesspeople. According to the Ministry of Trade, the talks covered investment opportunities […]
Iraq Simplifies Entry Visas for Syrian Merchants
By John Lee. Iraq has agreed to facilitate the issuance of entry visas for Syrian merchants classified as Excellent, First, and Second Class. According to the Federation of Syrian Chambers of Commerce, the move follows the organisation's efforts to remove obstacles facing Syrian traders seeking access to foreign markets. Federation President Alaa Omar Al-Ali informed […]
Iraq Trade Forum Closes with $17.5m in Potential Deals
By John Lee. The Iraqi National Trade and Investment Forum 2026 (INTF 2026) has closed in Baghdad with potential deals totalling $17.48 million reported from bilateral business meetings. The event was held under the theme "Iraqi-European Partnership in Trade and Investment to Support Economic Transformation in Iraq", in cooperation with the European Union (EU) and […]
Ansaldo Energia Explores Power Sector Projects in Iraq
By John Lee. Discussions on expanding Italian investment in Iraq's electricity sector have taken place between the National Investment Commission (NIC), Italian Ambassador Nicolò Fontana, and representatives of energy technology company Ansaldo Energia. According to the NIC, the meeting reviewed Ansaldo Energia's existing involvement in Iraq's power infrastructure and examined new proposals covering projects in […]
Korek Telecom Network Suspended in 14 Provinces
By John Lee. Iraq's federal Communications and Media Commission (CMC) has announced that it has shut down the main exchanges of Korek Telecom. The move suspends the network coverage for Korek across 14 governorates. The CMC had previously claimed repeated failures by the company to meet its contractual obligations, and said it would pursue all […]
Iraq-Jordan-Egypt Trilateral Oil Cooperation Talks
By John Lee. A second meeting of the Iraqi-Jordanian-Egyptian trilateral coordination committee has discussed strategic oil, energy, and petrochemical projects, including the Basra-Haditha pipeline. The session was held via videoconference and chaired by Ali Ward Hammoud, Director General of the State Company for Oil Projects (SCOP), who leads the Iraqi working group for the Tripartite […]
OPEC+ Countries Maintain Production Levels
By John Lee. Seven OPEC+ member countries have agreed to maintain their September 2026 production levels for December 2026. The group met virtually on Saturday to review global market conditions, with Iraq's Oil Minister, Bassem Mohammed al-Abadi, in attendance. Full statement from OPEC: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to […]
IBBC Baghdad Conference: 'Iraq - Rising to the Challenges'
From the Iraq Britain Business Council (IBBC):