By John Lee. In a statement from the Ministry, Iraq's Minister of Oil, Hayan Abdul Ghani, noted ongoing negotiations with BP to finalise technical, economic, and contractual aspects of the Kirkuk oilfield development. Senior officials from the Ministry, the North Oil Company (NOC), and BP, including the head of BP Iraq, participated in the talks. […]
By John Lee. On Friday, TotalEnergies (45%, operator) and its partners Basra Oil Company (BOC) (30%) and QatarEnergy (25%) launched today the construction works of ArtawiGas25, a first processing facility for the associated gas from the Ratawi [Artawi] field, in the Basra region. This facility, which is part of the Gas Growth Integrated Project (GGIP), […]
By John Lee. Minister of Oil, Hayan Abdul Ghani, reaffirmed Iraq's commitment to achieving gas self-sufficiency through enhanced gas capture from oil production, development of gas fields, and exploration zones. Speaking at the handover ceremony for the Subba [Sabah, Tuba] Oilfield project, he highlighted its role in boosting oil production and meeting energy demands. The […]
By John Lee. Nasrin Alyaman General Trading and Transportations has won a contract with the United Nations Development Programme (UNDP) for the "Rehabilitation of Qadisiya Compact Water Treatment Unit in Tikrit." Contract value is stated as $217,675.92. (Source: UNGM)
By John Lee. The Iraqi Cabinet has approved funding to furnish 1,000 model schools under the Iraq-China Framework Agreement, ensuring the project's progress. Key funding decisions include: Regional Petrodollars: Funds from the petrodollar allocations of Basra, Maysan, Kirkuk, and Wasit will fully cover furnishing costs in these provinces. Additional funds for other provinces, totalling 113.92 […]
By John Lee. Iraqi President Abdul Latif Jamal Rashid has formally received the credentials of the newly appointed ambassadors of Kuwait, Japan and Armenia during a ceremony at Baghdad Palace. The ambassadors welcomed included: Hasan Mohammad Zaman of Kuwait, Akira Endo of Japan, and Ruben Soghoyan of Armenia. The event was also attended by Deputy […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 9th January 2025). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,290.4 1.8% 1.8% RSISX USD Index […]
By John Lee. The Iraqi Cabinet has approved a high-efficiency waste-to-energy power plant project in Baghdad. The plant, employing advanced incineration technology, will be developed by China's Shanghai SUS Environment Co. Ltd. on a designated plot in Nahrawan District. The National Investment Commission (NIC) has been authorised to issue the investment license and sign the […]
Rabee Securities has published its 2024 Annual Bulletin for the Iraq Stock Exchange (ISX). Click here to download the full report. RSISX & RSISXTR Index Change Index Name Closings Change (m/m) (%) Change (y/y) (%) IQD-RSISX Index 2,249.5 2.1% 44.8% USD-RSISX Index 2,211.9 2.1% 44.8% IQD-RSISXTR Index 3,718.1 2.1% 52.3% USD-RSISXTR Index 4,084.3 2.1% 52.3% […]
A shipbuilding executive has highlighted the need for shipyard development in Iraq's Basra governorate. Speaking recently at TEDx Baghdad, Abdullah Shaban, Executive Manager and Shipbuilding Engineer at Al Zaman Group, emphasised that Iraq remains the only Arabian Gulf nation without shipyard facilities, citing inadequate infrastructure as the primary obstacle. He outlined three key benefits of […]
By John Lee. Iraq's Oil Products Distribution Company (OPDC) has announced its 2024 fuel sales figures, showcasing extensive distribution across Iraq via retail outlets, electronic POS systems, and direct supply to state institutions, private companies, investors, displaced persons, the Ministry of Electricity, and aviation services. Director-General Hussein Talib Aboud attributed the successful distribution to coordinated […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Khamenei pushes for US withdrawal from Iraq in meeting with Sudani Prime Minister Mohammed Shia al-Sudani's trip to Tehran is his first since the ouster of Syrian President Bashar […]
