ExxonMobil in Talks with Iraq on Oil Prodn, Refinery Development
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with the chief executive of ExxonMobil, Darren Woods, and the company's board at its headquarters in Houston to discuss expanding oil production and export capacity, and potential partnership in refinery development. According to the Prime Minister's Office, al-Zaidi outlined the government's intention to develop Iraq's […]
SpaceX Starlink in Talks with Iraq over Satellite Internet Services
By John Lee. Iraq's Ministry of Trade has held discussions with representatives of SpaceX, including its Starlink satellite internet team, during meetings in Washington. Minister of Trade Mustafa Nizar Jumaa said the talks focused on potential cooperation in satellite internet services, digital infrastructure, and e-government platforms. He indicated that Starlink's technology could support Iraq's digital […]
Seismic Survey Contract Signed for Addan Block
By John Lee. A seismic survey contract has been signed between the Iraq Oil Exploration Company and Sinopec (China Petroleum & Chemical Corporation) for a 2D seismic survey programme in Muthanna province. The contract covers the Addan 2D programme. The contract was signed on Thursday in the presence of Minister of Oil Basim Muhammad Khudhair […]
World Bank Offer of Technical Support to Iraq
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with World Bank Group President Ajay Banga in Washington. The delegation accompanying Banga included Makhtar Diop, President of the International Finance Corporation (IFC), and senior World Bank officials. According to the Prime Minister's Office, al-Zaidi highlighted the government's focus on banking sector reform and programme […]
ConocoPhillips to Acquire 42% Stake in Kirkuk from BP
By John Lee. ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL) from BP, supporting the redevelopment of four producing oil fields in the Kirkuk area of northern Iraq. The agreement is expected to be signed during Prime Minister Ali al-Zaidi's official visit to Washington, D.C. BP […]
Chevron in Talks with Iraq over Southern Fields and Refining Investment
By John Lee. Chevron has held talks with Iraq's Prime Minister on expanding investment in southern oil fields, refining, pipeline infrastructure, and export routes. The meeting took place at Chevron's corporate headquarters and was attended by Iraq's ministers of oil and electricity, along with the Prime Minister's advisory council and the Iraqi ambassador to Washington. […]
Iraq-US Talks on Power Output and Fuel Diversification
By John Lee. Iraq's ministers of electricity and oil held a joint meeting in Washington with the US Deputy Secretary of Energy to discuss expanding power generation capacity and securing diversified fuel supplies. According to the Ministry of Electricity, the meeting brought together Minister Ali Saad Wahib, Minister of Oil Basim Muhammad Khudhair al-Abadi, and […]
$916m CBI Initiative Targets Education and Veterinary Medicine
By John Lee. The Central Bank of Iraq (CBI) has reportedly launched a lending initiative worth IQD 1.2 trillion (USD 916 million) to support education and veterinary medicine, and to strengthen liquidity in the banking sector. According to the state-run Iraqi News Agency (INA), the initiative is based on Central Bank Law No. 56 of […]
Iraqi-Jordanian Aviation Talks in Baghdad
By John Lee. Iraq and Jordan are in discussions to increase the number of flights between the two countries and to open a Royal Jordanian Airlines office in Baghdad, reciprocating the existing Iraqi Airways office in Amman. The two sides also discussed ways to strengthen cooperation in road transport. The talks took place when Jordan's […]
Cash and Gold Seized in Iraq Oil Ministry Corruption Probe
By John Lee. Around IQD 25 billion ($19.1 million) in cash, $200,000, and four kilograms of gold jewellery have been seized as part of an ongoing investigation into Adnan al-Jamili, the Deputy Minister of Oil for Refinery Affairs, who is currently in detention. According to the Supreme Judicial Council (SJC), the investigating judge at the […]
Thales in Talks with Iraq's Interior Ministry
By John Lee. France's Thales has held talks with Iraq's Ministry of Interior on developing forensic systems and technology. A delegation from the company met with senior ministry officials, including the directors general of forensics and movements, forensic evidence, and criminal registration. According to the Ministry of Interior, the meeting covered ways to develop technical […]
Iraq's Zaidi Courts US Investment amid Resistance from Iran-Backed Factions
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Zaidi Courts US Investment amid Resistance from Iran-Backed Factions Iraqi Prime Minister Ali Al-Zaidi has held high-level meetings in Washington with President Donald Trump and other senior officials. The July 13 visit, […]