By John Lee. Following the suspension of oil exports from Iraq via pipeline to the Turkish port of Ceyhan, a statement from the Turkish Ministry of Energy claims that the court ordered Iraq to pay compensation to Turkey. This appears to contradict previous reports which said that Turkiye was ordered to pay around $1.5 billion […]
By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Oil Prices Climb As Iraq's Dispute With Kurdistan Escalates An oil dispute between the Iraqi government and the semi-autonomous Kurdistan region that also involves Turkey has escalated this week, pushing […]
DNO ASA, the Norwegian oil and gas operator, today announced that it has started an orderly shutdown of its operated oil fields in the Kurdistan region of Iraq four days after it was instructed to temporarily cease deliveries to the Iraq-Turkey Pipeline destined for the Mediterranean port of Ceyhan following an arbitration ruling in favor […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan faces end of era as independent oil exports under threat Iraq's oil export dynamics are facing a major potential shift. An arbitration ruling by the International Chamber of Commerce (ICC) has […]
By John Lee. The Iraqi General Cement Company has signed a partnership contract with the Turkish Zodiac company to establish a new cement production plant in Hammam Al-Alil Complex in Nineveh Governorate. The plant will use modern technology and dry gas fuel to produce cement and have a contract capacity of 1.8 million tons annually. […]
By John Lee. Iraq has become the first country in the Middle East to join the Convention on the Protection and Use of Transboundary Watercourses and International Lakes (known as the UN Water Convention), which aims to promote cooperation across borders for the sustainable use of transboundary water resources. 19 of the 22 Arab countries […]
A Tale of Two Transitions : Iraq's Energy Sector and Macroeconomic Stability in a Climate-Constrained World (English) This paper from the World Bank assesses the costs and benefits of Iraq's own energy transition from fossil fuel dependent power sector to one with a significantly higher share of renewables amid an accelerating global energy transition. The […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani inaugurated the National Health Factory, a facility affiliated with the Medical Clinics Department in the Ministry of Health. It specializes in producing medical supplies such as sterilization materials, dialysis solutions, etc. Mr. Al-Sudani expressed his congratulations at the Factory's inauguration, which addresses the priorities of the […]
By 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. Orbital Fluctuations Among the Iran-Supported Militias in Iraq Astronomical models provide a surprisingly helpful illustration of how Iran-backed armed groups wield power in the MENA […]
By Dr Marion Messmer, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The interconnected impacts of the Iraq war Relying on weak intelligence for invading Iraq has had a negative impact on US and UK credibility with several consequences that persist […]
By Lara Dihmis, for the Organized Crime and Corruption Reporting Project (OCCRP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Central Bank Sues Executives of Private Bank Investigated by OCCRP The Central Bank of Iraq (CBI) has filed several lawsuits against the chairman […]
By John Lee. The Private Sector Development Department of the Iraqi Ministry of Trade participated in a workshop organized by the Dutch Spark organization in Erbil to support small and medium-sized companies. The workshop aimed to provide guidance and training to link these companies with banks and find sources of financial support for them. The […]
