Prime Minister Masrour Barzani has laid the foundational stone for the Kurdistan Regional Government's Wheat Marketing Project in Slemani (Sulaymaniya). The $122 million project will be implemented by Qaiwan Group, in accordance with international standards, and finalized by 2025. At the inaugural ceremony, the Prime Minister described the agriculture project as a strategic investment to […]
By John Lee. Iraq was reported to be Iran's second biggest non-oil export destination for the period from 21st March to 21st May. Mehdi Mir-Ashrafi, the head of the Islamic Republic of Iran Customs Administration, is quoted as saying that Iran exported $2 billion worth of non-oil exports to China over that time, and $953 […]
Genel Energy has announced that payments have been received from the Kurdistan Regional Government ('KRG') for its entitlement for oil sales during March 2021. Those payments are made up as follows: (all figures $ million) Payment Tawke 14.3 Taq Taq 2.1 Sarta 3.4 Total 19.8 As announced on 13 May, Genel and other KRI operators […]
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. Iraq unveils massive anti-corruption project Following remarks from Iraqi President Barham Salih [Saleh] (pictured), who admitted on Sunday that Iraq has lost $150 billion since 2003 to corruption, a […]
By Michael Rubin, resident scholar at the American Enterprise Institute, for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. To Defeat Corruption, Iraq Needs E-Government Iraqi politicians are not going to reform themselves; it is time to utilize technology not only […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for April of 88,398,319 barrels, giving an average for the month of 2.947 million barrels per day (bpd), effectively the same as the 2.946 million bpd exported in March. The exports from the oilfields in central and southern Iraq amounted to approximately 85,534,916 […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi president's anti-corruption bill sparks debate Iraqi President Barham Salih has announced the submission of a bill to the country's parliament entitled "Recovering the Proceeds of Corruption." The president claims that widespread corruption […]
Fostering justice to curb corruption in Iraq: €15 million project supports transparency and accountability across state institutions A EUR 15 million initiative aimed at curbing corruption in Iraq and bolstering transparency and public accountability has been launched today in partnership between the European Union Delegation to Iraq, the United Nations Development Programme (UNDP), and Iraqi […]
By John Lee. Iraqi President Barham Salih [Saleh] has claimed that an estimated $150 billion has been smuggled out of Iraq since 2003. In a televised address, he said that this was from a total of close to $1 trillion in oil revenues. He added: "As I introduce a draft law to parliament to recover […]
Breaking the Impasse: The Baghdad-Erbil Budget Divide On May 20, 2021, the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS) hosted a public webinar with Ahmed Tabaqchali (Senior Fellow, IRIS), Megan Connelly (Non-Resident Fellow, IRIS), and Sarwar Abdullah (Lecturer, University of Sulaimani), moderated by IRIS Researcher Hamzeh al-Shadeedi. […]
By Belkis Wille, for Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Impunity for Killings Will Cast a Pall Over Iraq's Elections When protests erupted in Baghdad and other parts of central and southern Iraq in October 2019, tens of […]
The Rumaila Operating Organisation (ROO) has announced its 2020 performance results. The field's oil production rate averaged 1.392 million barrels per day (bpd), despite the impact of COVID-19, a budget reduction and compliance with instructions from BOC to reduce oil production, which reflected OPEC+'s request for Iraq to curtail oil exports. The year's strong performance […]
