By John Lee. The Iraqi Ministry of Oil has announced plans to expand Maysan [Missan] Refinery by adding a new refining unit with a capacity of 70,000 barrels per day (bpd), increasing the refinery's total output to 110,000 bpd. During a visit to the refinery, Deputy Minister for Refining Affairs Adnan Mohammed Hammoud emphasized that […]
By Kim Andersson, Annette Huber-Lee, Jennifer Aghaji for the Stockholm Environment Institute (SEI). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Focus Iraq: SEI's water tools and training enhance water resilience Iraq faces severe water challenges due to climate change and regional issues from […]
By John Lee. The International Energy Agency (IEA) has published its National Climate Resilience Assessment for Iraq: Key Climate Trends Iraq's warming rate (0.48°C per decade) exceeds the global average (0.37°C). Projected temperature rise: 2.5°C (low-emissions) to 5.6°C (high-emissions) by 2100. More extreme weather: Increased droughts in the north, heavier rainfall in the south. Growing […]
By John Lee. The Office of the Prime Minister, in collaboration with the Iraqi Private Banks League (IPBL), Baghdad Municipality, and the Ministry of Culture, has announced the launch of the third phase of the "Baghdad Pulse" initiative, aimed at rehabilitating Al-Rasheed [Al Rashid] Street (pictured, 2008), one of Iraq's oldest and most historically significant […]
By Julianne Geiger for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Back in Iraq: BP Puts $25B On the Table BP is about to make a big bet on Iraq -- again. After years of false starts, geopolitical chaos, and stalled negotiations, […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully drilled and rehabilitated three oil wells in the Zubair oilfield, as part of its commitment to field development and national production enhancement. The company completed the drilling of Zubair/638 well at a depth of 3,500 metres for ENI, using advanced technologies in collaboration with Schlumberger […]
By John Lee. Iraqi President Dr. Abdul Latif Rashid met with the new Kuwaiti Ambassador to Iraq, Hassan Mohammed Al-Zaman, in Baghdad on Monday, 10th February, to discuss bilateral relations and economic cooperation. President Rashid reaffirmed Iraq's commitment to strengthening ties with Kuwait, highlighting investment opportunities and the importance of expanding economic collaboration. He also […]
By John Lee. S&P Global Ratings has affirmed its 'B-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Iraq. "The outlook is stable," it added. More details, including economic stats, here. (Source: S&P Global Ratings)
By John Lee. Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery, which has a planned production capacity of 70,000 barrels per day (bpd). The refinery will be built by Sulaymania-based Rania Group, and will reportedly cost around $2 billion. During the signing ceremony, attended by Kirkuk Provincial […]
By John Lee. Gas production at Khor Mor's KM250 expansion is expected to start in Q2 2026. In its results for FY 2024, Dana Gas said: "In September 2024, Pearl Petroleum took over full responsibility for the KM250 expansion project following the termination of the original EPC contractor. Construction resumed fully in December and the […]
By John Lee. The Iraqi Ministry of Electricity has signed three contracts with Linxon to rehabilitate key 400 kV BSP stations in Baghdad and Diyala as part of the Iraqi Electrical Super Grid. The agreements, funded by SEK and EKN loans, were signed by Riyad Uraibi Muklf, General Director of the General Company for Electrical […]
By John Lee. Iraq's Deputy Prime Minister and Foreign Minister, Fuad Hussein, met with Rachid Talbi El Alami, Speaker of the Moroccan House of Representatives, in Rabat on 6th February 2025 to discuss bilateral relations, economic cooperation, and regional developments. Minister Hussein highlighted Iraq's focus on economic development, investment, and service provision amid security stability, […]
