Archive | 2020

Iraq to Expand Haditha Refinery

By John Lee. Iraq's Minister of Oil, Ihsan Abdul Jabbar Ismael, has laid the foundation stone for a new 20,000-barrel-per-day production unit at Haditha Refinery, in Anbar province. The new unit will increase production at the plant to 36,000 barrels per day. The General Director of the North Refineries Company (NRC), Qassem Abdel Rahman, said […]

Cabinet commits resources to Dhi Qar province

The Iraqi Cabinet held an extraordinary meeting in the city Nasiriyah in Dhi Qar province on Monday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister said that the people of Dhi Qar had sacrificed much for Iraq, but they have suffered from the consequences of past marginalisation. […]

New Report on Iraqi Industry

This report provides a general overview of the Iraqi industrial sector. It starts with a briefing about why the industrial sector is very crucial for Iraq's future economy. As a more advanced industrial sector leads to greater GDP value, higher salaries, and better services provided by efficiently-trained labor. Despite this fact, there has been huge […]

Iraq "Too Broken to Protect itself from Covid-19"

From The Economist. Iraq is too broken to protect itself from covid-19 Most Arab regimes have dealt with covid-19 by tightening their grip. Not Iraq. It gave up on lockdowns long ago. The government seems powerless to enforce social distancing or the wearings of masks (some men see the coverings as an insult to their […]

Caterpillar to take over Weir Oil and Gas

By John Lee. Scottish engineering company Weir Group has announced the sale of its Oil & Gas division to US-based Caterpillar Inc. The all-cash sale gives its Texas-based division an enterprise value of US$405m (£314m), subject to customary working capital and debt-like adjustments at closing. The move is part of Weir's strategy to become a […]

Duhok Tourist Sites Booming

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Duhok tourist sites welcome more than 12,000 visitors in two weeks Tourist sites in Duhok province have seen upwards of 12,000 tourists in the two weeks since holidaymakers were allowed in from other parts […]

Iraq discusses sourcing Covid Vaccine with AstraZeneca

By John Lee. The Ambassador of Republic of Iraq in London, Mr. Muhammad Jaafar Al-Sadr, chaired a meeting with representatives of the British pharmaceutical group, AstraZeneca, which is a leading company in Coronavirus vaccine in cooperation with the University of Oxford in Britain, through video conference. The meeting discussed the possibility of Iraq obtaining adequate […]

Salaries of Iraqi Officials Depleting State Budget

From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Salaries of Iraq senior officials depleting state budget The "astronomical" salaries of the president, ministers, members of parliament and other senior ranking officials in Iraq are depleting […]

Iraqi to Build Nuclear Reactors, Combat Electricity Woes

By Joe Snell for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. New Iraqi committee to build nuclear reactors, combat electricity woes Iraq's Prime Minister Mustafa al-Kadhimi ordered on Sept. 24 the formation of a committee tasked with overseeing the building of […]

Turkey Suspends Flights with Iraq

By John Lee. The Turkish Civil Aviation Authority has reportedly suspend flights between Turkey and Iraq from Saturday 3rd October. According to Shafaaq news agency, the decision was made to prevent the spread of coronavirus (covid-19). (Source: Shafaaq)

Kadhimi follows through on Security Reform Promises

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kadhimi follows through on promises to reform Iraq's security sector Since he took office in May, Iraqi Prime Minister Mustafa al-Kadhimi has made a series of changes in senior […]