By John Lee. Iran has said it will increase supplies of gas to Iraq. At a meeting in Isfahan with senior officials of the Iraqi Ministry of Electricity, the Director of the National Iranian Gas Company (NIGC), Mohammad Reza Joulaei, confirmed the increase, adding, "our relationship with Iraq is a strategic relationship." He said that […]
By John Lee. German car rental company SIXT has commenced operations in Iraq. The new facility in Erbil marks the start of a franchise partnership with Muhanad Rental Cars, a Muhanad Group company. According to a statement from the company, this is the first step in an expansion plan that includes SIXT stations at international […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi and the Prime Minister of Jordan, Bisher Al-Khasawneh, have laid the foundation stone for the Iraqi-Jordanian electricity interconnector. Al-Kadhimi said the project will help secure the exchange of energy between the two countries, and reflects the policy of openness and cooperation adopted by this government. On the […]
For years gas flaring has been out of control in Iraq, as oil majors have made millions of pounds in the country, according to a new report from Greenpeace. It says that some locals fear that pollution from the flaring is contributing to high rates of leukaemia and other cancers among those living in nearby […]
Writing in Oil Price, Simon Watkins argues that the decision by Iraq's Federal Supreme Court to invalidate the establishment of the Iraqi National Oil Company (INOC) opens the way for new investment from international oil companies (IOCs) into Iraq. Click here to read the full article.
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th October 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD946 (-1.8%) / $830 (-1.8%) (weekly change) (+3.1% and +3.1% YTD change, respectively). The weekly trading volume was […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Markets Continue to Discount and Look through the Political Impasse The market, as measured by the Rabee Securities RSISX USD Index, was up 3.7% for the month, […]
By John Lee. US-based Baker Hughes has reportedly signed a contract with state-owned Dhi Qar Oil Company (DQOC) to increase production of associated gas at the Nassiriya and Gharraf [Garraf] (pictured) oilfields. Anwar Hadi Shiaa, a director of the DQOC, told the state-controlled Iraqi News Agency that the company aims to increase the gas production […]
By Hamdi Malik and Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Militia Group Makes Credible New Threat Against the Gulf States The facade group in question tends to follow through on its […]
By Jassim Al-Falahy, Iraqi Minister of Environment, for Newsweek. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Dust Storms, Climate Change Hammer Iraq In Iraq this past spring, the air sometimes was orange. Not the sky, the air. It looked like what I imagine […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for September of 98,765,153 barrels, giving an average for the month of 3.292 million barrels per day (bpd), slightly up from the 3.286 million bpd exported in August. The exports from the oilfields in central and southern Iraq amounted to approximately 96,445,421 barrels, […]
By John Lee. A new startup has reportedly announced a new product that digitises real estate maps. According to a report from Iraq Tech, Optionline's Naxsha is cloud-based real-estate software that "offers agencies a customisable platform to build and use data to improve their sales strategy." The app currently only contains maps of Erbil city, […]
