By John Lee. The Iraqi government has approved the recommendation from the Ministerial Council for Energy (24067 T) of 2024 to sign a tripartite agreement involving the Ministry of Electricity, Siemens Energy, and the China State Construction Engineering Corporation (CSCEC). The agreement focuses on the rehabilitation of the Baiji Gas Power Plant (Unit 2), designating […]
By John Lee. The Iraqi Ministry of Oil has nnounced a significant increase in the reserves of liquid gas, now exceeding 133,000 tons, and a rise in production to over 7,000 tons per day. Deputy Minister for Gas Affairs, Izzat Saber, reported that the daily production of liquid gas from producing companies has reached 7,370 […]
By John Lee. Iraq has established diplomatic relations with Bolivia. The signing ceremony took place at the headquarters of the Permanent Mission of the Republic of Iraq in New York. The statement was signed by the Chargé d'Affaires of the Permanent Mission of Iraq to the United Nations in New York, Dr. Abbas Kadhom Obaid […]
By John Lee. Hayan Abdul Ghani, Iraq's Minister of Oil, has inaugurated the first phase of the Central Processing Facility (CPF) at the Al-Faihaa [Fayhaa] oil field in Basra, with a capacity of 100,000 barrels per day. According to a statement from the Ministry of Oil, this marks the transition of Al-Faihaa from an exploratory […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated a joint management program for modern hospitals at Najaf Ashraf Educational Hospital. This initiative, in collaboration with Italy's Gruppo Ospedaliero San Donato (San Donato Hospital Group), aims to reduce the need for Iraqis to seek medical treatment abroad and save substantial costs. The program will […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Amid 'politicization' claims, Iraq prepares for first census after Saddam Iraq is gearing up for its first general population census in 27 years, due to take place on Nov. 20. However, claims that […]
By John Lee. Iraq has signed an amendment to the loan agreements provided by the German Development Bank (KfW) to finance several developmental projects. The signing ceremony last week was attended by Finance Minister Taif Sami Mohammed and the bank's representative to Iraq. The new amendment includes extensions for the disbursement period of the loans […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a meeting to follow up on the Baghdad Metro project, announcing the selection of the Vaskhod & Wontert Capital international consortium for the design, implementation, operation, maintenance, financing, and transfer of ownership (DBOMFT) of the metro. According to a statement from the Prime Minister's office, […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for June, but has again not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 102,314,548 barrels. Exports from the oil fields […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Foreign workforce on rise in Iraq It's believed there are more than one million foreign labors who work in Iraq, most of them work without the legal work permit, in addition to no record […]
By John Lee. The Spanish Export Credit Agency (CESCE) has signed an agreement with Iraq's Sovereign Guarantees Committee to enhance cooperation between Spain and Iraq. The €1 billion agreement aims to facilitate Spanish companies in executing mutually agreed projects to support the development of Iraq's private industry under CESCE's coverage. The agreement underscores the commitment […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a meeting with representatives from KBR to discuss the completion of projects aimed at improving Baghdad's city entrances. The meeting included the Minister of Construction and Housing, the Governor of Baghdad, and other officials. Discussions focused on KBR's support for the Ministry of Planning in […]
