By John Lee. The Iraqi Cabinet has approved a recommendation1 of the Energy Council, to allow the Ministry of Electricity to invite specialized companies to implement a Smart Metering System in the country. According to the statement from the Media Office of the Prime Minister, the process is also exempt them from the usual instructions […]
By John Lee. The Iraqi Cabinet has approved the opening of an Iraqi commercial office in Saudi Arabia's Arar region. The office is intended to enhance trade between the two countries, based on the provisions of Article 26 of the Foreign Service Law (Law No. 45 of 2008). (Source: Media Office of the Prime Minister)
By John Lee. Iraq's Prime Minister, Mr. Mohamed Shiaa Al-Sudani, presided over the first meeting of the Iraq Development Fund Council, of which he is the chairman. The formation of this council was approved in the recent Cabinet session. During the meeting, topics on the agenda were discussed, including the selection of the fund's executive […]
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has announced the launch of the country's first project funded by carbon bonds. The announcement was made during a workshop titled "Carbon Bonds," organized by the Ministry of Oil's Training and Development Department to discuss the ministry's vision and plans for carbon reduction. According to a […]
By John Lee. Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil has announced plans to increase gas production from the Siba Gas Field in Basra to 100 million cubic feet per day. Currently, the field produces 50-60 million cubic feet daily, and the goal is to double that output. During a recent […]
By John Lee. Iraq's Prime Minister, Mr. Mohamed Shiaa Al-Sudani, led a meeting on Sunday to discuss the completion of the Unified Treasury Account and monitor the electronic payment system, including electronic card payments (POS). The meeting included the Finance Minister, Central Bank Governor, the head of the Federal Financial Control Bureau, advisors, and directors […]
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. Profile: The Islamic Resistance of Iraq The Telegram brand that emerged in October 2023 is not a group per se, new or […]
By John Lee. State-run Iraqi News Agency (INA) has reported that the management of Rumaila oil field in Basra has announced plans to increase its daily production capacity to 1.4 million barrels by the end of this year. It quotes Emad Hasan Lafta, the operations director of the field, as saying that the current daily […]
By John Lee. The Iraqi Ministry of Water Resources has announced that it will resume 25 projects that have remained inactive for the past decade. The Ministry also disclosed the withdrawal of the Eastern Jazeera Irrigation Project from two companies with a history of delays. Khalid Shamal, the Ministry's spokesperson, informed the state-run Iraqi News […]
By John Lee. In its 42nd regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet agreed to increase oil exports to China. In a statement, the cabiniet said the move was to support essential and strategic projects, in alignment with the Iraq-China Framework Agreement. As a result, oil exports to China will […]
By John Lee. The Iraqi Oil Exploration Company recently marked the successful completion of seismic surveys for the two-dimensional Haifa program in the Al-Najaf province. According to the Ministry of Oil, the surveys, conducted by the company, covered extensive areas within record time. This initiative aligns with the Ministry of Oil's plan to conduct seismic […]
By John Lee. The US State Department has said that US citizens should not travel to Iraq. The announcement on Sunday followed recent attacks on Americans in the region. Full statement from US State Department: Updated to reflect the ordered departure of non-emergency U.S. government personnel and eligible family members. Do not travel to Iraq […]
