Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th September 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,413.7 0.01% 55.3% RSISX USD Index 1,390.0 […]
By John Lee. In its 39th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet made important decisions concerning the oil sector and infrastructure development for exports: The Ministry of Finance will allocate the total cost of IQD 1,265,444,000,000 [$967 million] for the construction of offshore pipelines (4 and 5) and a […]
By John Lee. Iraq's Oil Minister, Hayan Abdul Ghani, has participated in the inauguration of the new oil tanker "Sumer" at Khor al-Zubair port in Basra. Abdul Ghani stressed the ministry's keenness to build a new oil tanker fleet through contracts with reputable international companies to build modern tankers of different capacities. The "Sumer" tanker […]
By John Lee. The Iraqi Prime Minister addressed the United Nations General Assembly earlier this week, addressing issues including elections, corruption and climate change. Statement from the UN: MOHAMMED SHIA' AL SUDANI, Prime Minister of Iraq, said that his country has always believed in the principles the UN was founded upon. The spirit of consensus […]
By John Lee. The Kurdistan Regional Government (KRG) has said it is placing a strong emphasis on the construction of water ponds as part of its strategic efforts to increase surface water resources and protect vital underground water sources. Under the leadership of the KRG's Ninth Cabinet, 110 ponds have already been created, serving a […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Al-Monitor/Semafor summit: Iraq's Sudani says 'solution is in Baghdad' to issues with KRG The prime minister also pleaded for more US investment in Iraq's energy sector amid the oil […]
By Bekir Aydoğan 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. Ethnic Tension in Kirkuk Signals Fractures in Ankara-Erbil Relations Longstanding tensions in the multi-ethnic city of Kirkuk in Iraq may once again spark confrontations between […]
By John Lee. Iraq's state-run Iraqi News Agency (INA) has quoted the Undersecretary of Extraction at the Ministry of Oil, Bassem Muhammad Khudair, as saying that the contract to develop the Akkas gas field will be granted in the coming days to a Ukrainian company. He did not name the company. Meanwhile, a official statement […]
By John Lee. The Iraqi Ministry of Oil has announced the increase in production capacity at the Karbala refinery to 140,000 barrels per day (bpd), following the activation of several production units. Mr. Hamed Younis, the Deputy Minister for Refining Affairs, said that the Ministry is committed to implementing the directives of the Deputy Prime […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has led a meeting to discuss and monitor progress on the implementation of the Unified Treasury Account. The meeting also focused on the continued rollout of electronic payment points (POS) and explored potential incentives for citizens to encourage electronic payments. During the meeting, comprehensive updates were presented […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for August: Total exports of crude oil: 106,122,679 barrels Revenues from crude oil exports: $8.997 billion Oil fields in central and southern Iraq accounted for 105,236,963 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
By Arya Devi for Oil & Gas Middle East. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq plans to build gas pipeline to Europe Iraq aims to bolster its economic prospects by facilitating the transportation of both gas and goods to international markets. […]
