By John Lee. The Iraqi Council of Ministers has authorized the Ministry of Oil / Basra Oil Company (BOC) to sign a non-binding Memorandum of Understanding (MoU) with Aurasyia Scope Group Oil & Gas UK LTD for a tank farm and industrial island project. The project is considered strategically important for Iraq's oil industry, aiming […]
By John Lee. The Iraqi Council of Ministers has approved an increase in the consultancy contract amount for the Basra Refinery Development / Fluid Catalytic Cracking (FCC) Project with Japan's UNICO and France's Technip. The decision also includes an extension of the contract duration, granted as an exception to Government Contracting Instructions No. (2) of […]
By John Lee. The Iraqi Cabinet has approved the authorization of the Minister of Higher Education and Scientific Research, who also serves as Chairman of the Iraqi Atomic Energy Commission, to negotiate and sign a cooperation agreement with China on the peaceful applications of nuclear energy. The Ministry of Foreign Affairs has been tasked with […]
By John Lee. The Iraqi Ministry of Oil has reaffirmed its full commitment to the OPEC+ production agreement, including additional voluntary cuts and compensation for excess production. In a statemet on Monday, the Ministry will implement necessary measures to ensure compliance, including submitting an updated plan to offset previous overproduction. This commitment was reiterated during […]
By John Lee. The Real Estate Bank of Iraq has unveiled its strategic plan for 2025, focusing on expanding financial services, digital transformation, and green financing. Director General Abbas Shihab Al-Jawahiri chaired a meeting with department heads, branch managers, and unit officials to review progress in 2024 and set priorities for 2025. According to a […]
By John Lee. Iraq's Higher Committee for Tax Reform has announced a 22-percent increase in tax revenues, reaching IQD 4 trillion [$3 billion] in 2024, as the country moves towards digitising its tax system to address name duplication issues and improve efficiency. According to state-run Iraqi News Agency (INA), Khalid Al-Jabri, a committee member, stated […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a special meeting on Monday to review progress on the third phase of the Al-Rasheed Street rehabilitation project. The session included the Governor of the Central Bank of Iraq (CBI) and representatives from the Iraqi Private Banks League (IPBL), reflecting the government's commitment to restoring Baghdad's […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met on Sunday with a delegation from the International Air Transport Association (IATA), led by Kamel Al-Awadi, IATA's Vice President. The discussions focused on Iraq's ongoing efforts to end the European Union's airspace ban on Iraqi Airways, as well as the progress of the government's corrective […]
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has said its member companies are ready to restart oil exports from Iraqi Kurdistan once agreements are in place. In a statement on X, the association called for written sales and lifting agreements with Baghdad and Erbil ensuring payment transparency and protection from […]
From the Iraq Britain Business Council (IBBC): Iraq's ministers attend IBBC's largest Baghdad conference 2025 The IBBC held its Bagdad conference dedicated to 'Delivering Innovation' at the behest of the Prime Minister Mr Al Sudani. It has been 6 years since IBBC members last held a conference of this magnitude in Iraq with key Government […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a special meeting on Thursday to review and follow up on the implementation of development projects in Al-Kadhimiya. The session assessed completed service projects and ongoing infrastructure developments, including the construction of 38 new school buildings and the rehabilitation of dozens of existing schools. Discussions covered […]
By John Lee. On Sunday, Erbil International Airport (EIA) marked the departure of its first direct flight to Athens, operated by Aegean Airlines. The launch event was attended by Nikolaos Stergioulas, Greek Consul General in the Kurdistan Region, and Ahmed Hoshyar, Director of Erbil International Airport. Consul General Stergioulas and Mr. Hoshyar highlighted the strategic […]
