New Head of Iraq's National Investment Commission
By John Lee. Adel Dakhil Muhammad al-Yasiri has taken up his role as chairman of Iraq's National Investment Commission (NIC). On assuming his duties, al-Yasiri held a meeting with senior staff and directors-general at the NIC, reviewing the progress of current investment projects and the challenges they face. He stated that the coming period would […]
Khor Mor Gas Project Starts Supplies to Kirkuk Power Station
By John Lee. Crescent Petroleum and Dana Gas have begun supplying natural gas from the Khor Mor field to Iraq's Ministry of Electricity, under an agreement signed last December. According to a press release from Dana Gas, 100 million standard cubic feet per day (MMscf/d) will be delivered from the Khor Mor gas processing facility […]
What Iraq could Learn from China's Rural Revival
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What Iraq could Learn from China's Rural Revival For decades, the prevailing wisdom across Iraq and much of the region has been that opportunity lies in the city. Villages steadily emptied as successive […]
"No Further Legal Challenge" in Bina Bawi Dispute
By John Lee. Genel Energy has confirmed that there will be no further legal challenge in its dispute with the Kurdistan Regional Government (KRG) regarding the Bina Bawi field. In April, the company announced that its subsidiary, Genel Energy Miran Bina Bawi Limited (GEMBBL), has been ordered by the London Court of International Arbitration (LCIA) […]
Genel Energy issues Results to 30th June
By John Lee. Genel Energy today reported unaudited results for the period ended 30 June 2026: Full statement from Genel Energy: Unaudited results for the period ended 30 June 2026 Paul Weir, Chief Executive of Genel, said: "We remain firmly focused on delivering our clearly stated strategic objectives and in this period, we have demonstrated […]
Iraq Discusses Hormuz Shipments with Iran
By John Lee. An Iraqi delegation has reportedly held talks with Iran on the smooth passage of oil tankers through the Strait of Hormuz, with expectations of reaching an understanding within the coming days. Minister of Oil Basim Muhammad Khudhair al-Abadi told the state-run Iraqi News Agency (INA) that the government's approach is based on […]
KRG's 'Gashanawa' Project to Support 100 SMEs
By John Lee. The Kurdistan Regional Government (KRG) has launched the second phase of the Gashanawa [Shine] Project, which will provide financial support of between IQD 1 million ($763) and IQD 150 million ($114,500) to 100 small and medium-sized enterprises in the agricultural and industrial sectors. According to the KRG's Department of Media and Information, […]
Iraqi Court Recovers $15m in Corruption Case
By John Lee. An Iraqi court has recovered IQD 20 billion (USD 15.3 million) in a financial and administrative corruption case. According to the Supreme Judicial Council (SJC), the funds were recovered by the Rusafa Investigation Court, which specialises in integrity and money-laundering cases, in connection with offences including financial fraud. (Source: Supreme Judicial Council)
OPEC+ to Increase Output by 188,000 bpd in September
By John Lee. Seven OPEC+ member countries have agreed to implement a production adjustment of 188,000 barrels per day (bpd) from their additional voluntary cuts, effective September 2026. The decision was taken at a virtual meeting on Saturday, which was attended by Iraq's Ministry of Oil. The seven countries involved are Saudi Arabia, Russia, Iraq, […]
KRG Reports on Progress of Projects
By John Lee. The Kurdistan Regional Government (KRG) has issued its official data report for projects undertaken by its Ninth Cabinet (2019-2026), including official data for the following sectors: Banking System Electricity Infrastructure Employment Opportunities Environment Electricity Infrastructure Food Security Investment Public Services Reform Road Infrastructure Society and Government The Kurdistan Region's Global Standing Water Security […]
Iraq-Turkey Roundtable on Trade and Investment
By John Lee. An Iraqi-Turkish roundtable meeting has taken place in Baghdad, focused on strengthening economic and trade relations between the two countries. The meeting was chaired by Prime Minister Ali al-Zaidi and attended by a large number of Turkish business representatives, as well as a government delegation that included Minister of Trade Mustafa Nizar […]
Chevron's Bold Moves in Iraq "Will Reshape the Oil Stock"
By Reuben Gregg Brewer, for The Motley Fool. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Prediction: Chevron's Bold Moves in Iraq Will Reshape the Oil Stock Over the Next Decade Chevron has just agreed to something that could make geopolitical conflict in the […]