Archive | 2023

Amnesty: Iraqi Govt must Act on Human Rights

By Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Government must match rhetoric on human rights with meaningful action The new government of Iraqi Prime Minister Mohammed Shia' al-Sudani must break with the failures of past governments related to justice, truth […]

Genel Energy issues Update on Oil Reserves

By John Lee. Genel Energy has issued an update on Thursday on the oil reserves across its portfolio. Working interest oil reserves (MMbbls) 1P 2P 3P 31 December 2021 62.6 104.2 136.6 Production (11.0) (11.0) (11.0) Technical revisions 17.3 (1.0) - 31 December 2022 68.9 92.2 125.6 International petroleum consultants DeGolyer and MacNaughton, working on […]

New Samawah Gas Depot Opened

By John Lee. The Samawah gas depot project in Al-Muthanna Governorate has been opened by Iraq's Minister of Oil, Hayan Abdul-Ghani. The project uses modern technology to provide a large part of the consumption and storage needs for liquid gas in the governorate. Anmar Ali Hussein, General Manager of the Gas Filling and Services Company, […]

Progress on Lifting EU Ban on Iraqi Airways

By John Lee. A meeting has been held in Dubai with a delegation from the European Aviation Safety Agency (EASA) and the Iraqi Civil Aviation Authority (ICAA) to discuss the procedures for lifting the European ban on Iraqi Airways. The Director General of Iraqi Airways stated that they have made important strides in completing the […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th March 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return       RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 945.4 -0.7% 3.9% RSISX USD Index 929.6 […]

New Investment Opportunities in Iraqi Oil Refining

By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced several investment opportunities in the oil refining sector: Maysan Refinery [Missan Refinery], with capacity of 150,000 barrels per day (bpd); Qayyarah Refinery in Nineveh governorate, with a capacity of 70,000 bpd; A black oil hydrogenation project in Basra Governorate, with a capacity of 30,000 […]

Ban on IOCs in Iraqi Kurdistan "May be Lifted"

By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Ban On IOCs In Iraqi Kurdistan May Be Lifted The recent signing by Iraq's federal government in Baghdad of three long-term oil and gas sector contracts with the UAE's Crescent […]

New Hospital Opens in Basra

By John Lee. The Prime Minister of Iraq, Muhammad Shia Al-Sudani, inaugurated the Al-Sayyab Teaching Hospital in Basra on Sunday. The hospital has a capacity of 492 beds and includes general medical specialties as well as specialized centers for kidney diseases and tumor treatment. During the opening, the Prime Minister emphasized that completing hospitals is […]

Hungary to Import Iraqi Dates?

By John Lee. The Director General of the General Company for Exhibitions and Trade Services at the Ministry of Trade in Iraq, Adel Al-Masoudi, met with the Hungarian Ambassador to Iraq, Attila Tarr, to discuss strengthening economic and trade relations between the two countries. They exchanged views on ways to enhance cooperation in political and […]

Iraq Plans More Renewable Energy; 5 Million New Trees

By John Lee. Iraq's Prime Minister has said Iraq will plant five million trees in an attempt to combat climate change and limit the damage caused by dust storms. Addressing a climate conference in Basra, Mohammed Shia Al-Sudani added that the plan woule be accompanied by the launch of a "national guide for urban afforestation" […]