By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the newly rehabilitated Mosul International Airport on Wednesday, describing it as a strategic gateway for boosting economic and development opportunities in Nineveh province. The inauguration ceremony was attended by the Ministers of Defence, Transport, and Culture, as well as the Governor of Nineveh, the Chairman of […]
By John Lee. US-based KBR has been awarded a front-end engineering design (FEED) contract by KAR Electrical Power Production Trading FZE (KEPPT) for the development of a major fertilizer facility in Basra, Iraq. The project includes a 2,300 metric tonnes per day (MTPD) ammonia production unit and a 3,850 MTPD urea production unit. The FEED will […]
By John Lee. The General Company for Land Transport (GCLT), part of Iraq's Ministry of Transport, has announced that it transported 415,000 tonnes of goods during the first half of 2025 - an increase of more than 36 percent compared to the same period in 2024. According to Director General Murtadha Kareem Al-Shahmani, the company […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani conducted a field visit on Wednesday to inspect the ongoing redevelopment of the historic riverfront in the old city of Mosul. Highlighting the symbolic and cultural importance of the area, which includes numerous religious and archaeological landmarks, the Prime Minister affirmed that the reconstruction is being carried […]
By John Lee. The Iraqi Drilling Company (IDC) has deployed a second drilling rig, IDC-56, as part of the ongoing project to drill 35 oil wells at the Zubair oilfield. The project is being implemented under a contract with Italy's ENI, in cooperation with oilfield services company Schlumberger (SLB). IDC had previously commenced operations at […]
By John Lee. The Kurdistan Regional Government's Ministry of Natural Resources has confirmed reports of another attack on oil facilities in Northern Iraq. According to a statement on Wednesday, the Ain Safni oil field in the Sheikhan district of Duhok Governorate was attacked by drone. Ain Sifni is operated by US-based Hunt Oil. The KRG […]
By John Lee. Gulf Keystone Petroleum (GKP) has said it has "temporarily shut-in production" at its Shaikan field in Iraqi Kurdistan. In a statement this morning (Wednesday), the company said: "Gulf Keystone has noted reports over the past two days of explosions at a number of oil fields in the vicinity of the Company's Shaikan […]
By John Lee. DNO, the operator of the Tawke field in Iraqi Kurdistan, reported three explosions this morning (Wednesday). In a statement, the company said: "DNO ASA, the Norwegian oil and gas operator, reports that operations at its Tawke license in the Kurdistan region of Iraq have been temporarily suspended following three explosions early this […]
By John Lee. The Ministry of Oil has signed an agreement in principle with HKN Energy to develop the Hamrin field in northern Iraq. The agreement, signed on Tuesday between North Oil Company (NOC) and the US-based company aims to increase the field's output to 60,000 barrels per day, up from the current 20,000-25,000 bpd, […]
By John Lee. GE Verona, in consortium with GE Global, General Electric Global Services, Ontex Trading, and Calik Enerji, has been awarded the contract for the expansion of the Mansuriya gas power plant. The project involves adding two gas turbines and a combined-cycle system, with a total capacity of 750 megawatts (MW). The Iraqi Cabinet […]
By John Lee. The International Monetary Fund (IMF) has issued a brief explainer on Iraq's exchange rate arrangement. As part of a follow-up to last week's report on the state of the Iraqi economy, the IMF clarified as follows: "Exchange Rate Arrangement "Iraq's de jure and de facto exchange rate arrangements are classified as a […]
By John Lee. The General Company for Ports of Iraq (GCPI) has reported a significant rise in maritime cargo throughput during the first half of 2025, with over 1,500 ships received across four major commercial ports, according to Director General Dr. Farhan Al-Fartousi. A total of 1,522 vessels docked at Umm Qasr North, Umm Qasr […]
