By John Lee. Jordan's Talal Abu-Ghazaleh for Technology (TAGTech), a member of Talal Abu-Ghazaleh Global (TAG.Global), has signed an agreement with the Iraqi Al Hassnawi Company to build a new factory for TAGTech's technological products in Iraq. The agreement was signed by Mr. Ala Zarour, TAGTech technical executive director, and Mr. Adil Okab, Al Hassnawi […]
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has awarded a contract for "Provision of Skilled and Unskilled Labour for Passenger and Cargo Movements at the UNAMI Forward Support Base (FSB) Air Terminal Baghdad". It was awared to Belad Alrafadain Alhadetha Co. for General Trading Services, Catering and Cleaning Services Ltd. The […]
By John Lee. The National Data Center Department, in the General Secretariat of the Council of Ministers, announced the actual launch of the Ur portal, one year after the trial launch, with an updated version that contains a set of new features and can be accessed via the following link: https://ur.gov.iq The director of the […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ending ExxonMobil Presence in WQ1 Oilfield Legal-Contractual Discussion with Economic-Financial Analysis Information indicates that the Iraqi Ministry of Oil (MoO) proposed to acquire (buy) ExxonMobil's participation interest (PI) in the West Qurna […]
By John Lee. Iraq's first hydrogen production and compression unit has been opened at the Ministry of Oil's Oil Research and Development Centre. The unit, which is for research purposes, can produce hydrogen with a purity of 99.5 percent, and compress it to 150 bar. A statement from the Ministry said that this is sufficient […]
By John Lee. An official at the Russian Foreign Ministry has reportedly said that Russia is ready to supply Iraq with "isotope products", and to assist Baghdad in the field of non-energy nuclear technology. According to RIA Novosti, Alexander Kinshchak, the Ministry's Director for the Middle East and North Africa, added that Russia's Rosatom and […]
By John Lee. According to a report from Reuters, oil production in Iraqi Kurdistan could almost halve by 2027 if there is no new exploration or major investment in the sector. Click here to read the full report. (Source: Reuters)
By Sajad Jiyad, for New Lines magazine. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Trouble With Muqtada al-Sadr Endlessly underestimated and treated as an anomaly, Muqtada al-Sadr retains his strength out of a belief that he is the sole legitimate representative […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for August of 101,859,528 barrels, giving an average for the month of 3.286 million barrels per day (bpd), down from the 3.303 million bpd exported in July. The exports from the oilfields in central and southern Iraq amounted to approximately 100,750,000 barrels, while […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st September 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD934 (+5.1%) / $816 (+5.1%) (weekly change) (+1.7% and +1.4% YTD change, respectively). The number of week traded […]
By John Lee. The US's newly-appointed Consul General in Erbil has said that existing contracts between international oil companies (IOCs) and the Kurdistan Regional Government (KRG) must be respected. Consul Irvin Hicks Jr. made the comment following a meeting with the KRG's Minister of Natural Resources, Kamal Muhammed Salih, on Wednesday. In a statement issued […]
Gulf Keystone Petroleum (GKP) has today announced its results for the half year ended 30 June 2022. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "With the strengthening oil price and increased production, we have delivered strong profitability and cash flow generation in the first half of the year. As we progress towards approval […]
