By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said today (Tuesday) that it now projects full-year 2023 production for Tawke to be below the previously communicated projection of 100,000 barrels of oil per day, as a result of the previously-advised shutdown in production. Full statement from DNO: DNO ASA, the […]
By John Lee. The Iraqi Jordanian Company for Industry, a joint venture set up by the Jordanian and Iraqi governments, has invited local and international companies to view the tender documents related to the development of the joint "Economic City" project (i.e. Free Zone) between Jordan and Iraq. The new zone will be built on […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, met with members of the Parliamentary Investment and Development Committee to discuss laws and legislations that support the investment sector in the country. Al-Sudani said the Grand Faw Port and the Iraq-Turkiye railway line [Dry Canal project] as pioneering investment projects that could […]
Reimagining a way forward: Iraq's economy and energy sector in the post-invasion era The Atlantic Council's Iraq Initiative invites you to a hybrid panel discussion on Monday, April 24, 2023, from 3:00 - 4:30 pm ET featuring distinguished speakers and experts examining the state of Iraq's economy and energy sector over the past two decades […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Oil flow from Iraqi Kurdistan to Turkey remains stopped, threatening sector Oil flows to Turkey remain frozen following the agreement between Iraq and the Kurdistan Regional Government (KRG). The […]
By John Lee. Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, held a meeting in Riyadh with Iraqi Minister of Electricity, Engineer Ziad Ali Fadel. During the meeting, they discussed the developments in the electrical interconnection project between the two countries. This project will contribute to supporting the reliability of […]
By Umud Shokri for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran-Iraq competition in regional maritime and overland transit corridors In recent years, Iraq has become one of the leading destinations for Chinese investments in the Middle East […]
By John Lee. Heavy rainfall in the Kurdistan Region has caused an increase in water levels in various reservoirs, according to a statement from the Kurdistan Regional Government (KRG). The Dukan and Darbandikhan reservoirs alone collected more than 4 billion cubic meters of water. Dewana Dam in Garmian and Tourajar Dam in Garmian were completed […]
By Joshua Levkowitz for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: American fast food is leaving its mark two decades after the invasion US franchises such as Burger King and Cold Stone Creamery open with fanfare, including appearances […]
From the International Labour Organization (ILO): Cost of Inaction: Education Deprivation in Iraq and the Potential of Social Protection to Reverse it Iraq is in the early stage of an "demographic window of opportunity", with a young population and a growing labour force. However, the young generation entering the labour market in Iraq is facing […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling the directional oil well Zubair/566 at a depth of 2471 meters, as part of the contract with the Italian company ENI to drill 37 oil wells in the Zubair oil field in Basra. This project is being carried out in cooperation with the […]
By John Lee. Iraq's oil exports to Jordan by truck have reportedly stopped at the end of March. Jordan Times cites sources as saying that a new deal is waiting to be signed, implying that the delay is on the Iraqi side. Oil exports by road to Jordan totalled 309,841 barrels last month. (Source: Jordan […]
