By John Lee. Iraq's Ministry of Oil has confirmed steps to export oil and oil derivatives via Turkey, Jordan and Syria. According to the state-run Iraqi News Agency (INA), Deputy Minister for Extraction Affairs Bassem Mohammed Khudair said that the State Oil Marketing Organization (SOMO) has begun signing contracts with international carriers and buyers to export […]
By John Lee. Genel Energy has issued its audited results for the year ended 31 December 2025. Full statement from Genel Energy: Audited results for the year ended 31 December 2025 Genel Energy plc ('Genel' or 'the Company') announces its audited results for the year ended 31 December 2025. Paul Weir, Chief Executive of Genel, […]
By John Lee. The Ministry of Electricity has announced a complete cessation in Iranian gas supplies to Iraq, resulting in the loss of approximately 3,100 megawatts of power generation capacity. Ministry spokesman Ahmed Mousa told the state-run Iraqi News Agency (INA) that the disruption resulted from developments in the region and had an immediate impact on […]
By John Lee. S&P Global Ratings has placed its 'B-' long-term sovereign credit ratings on Iraq on CreditWatch with negative implications. It affirmed 'B' short-term foreign and local currency ratings and 'B-' transfer and convertibility assessment. It added: "The CreditWatch negative reflects the risk of a downgrade for Iraq due to a sharp fall in oil […]
By John Lee. Iraq's Ministry of Oil has issued a further statement setting out its position on the resumption of exports through the Kirkuk-Ceyhan pipeline, following recent comments by the Kurdistan Regional Government's Ministry of Natural Resources. The statement describes the KRG ministry's position as political in nature, and sets out Baghdad's operational and legal […]
By John Lee. Iraq is to build facilities for justice-related departments, including the Directorate of Real Estate Registration, on the West bank of the Tigris in Mosul. The Iraqi Cabinet approved an exemption for a project on Tuesday, removing the project from the requirements of Cabinet Decisions No. 421 of 2025 and No. 3 of […]
By John Lee. The Kurdistan Regional Government (KRG) has published a new report titled "Job Creation and Workers' Rights in the Kurdistan Region". In its summary, the report emphasises: To date, 303,000 workers in the Kurdistan Region have been registered in the social security scheme. Notably, 225,000 of these registrations occurred within the last five […]
By John Lee. The Council of Ministers has approved a public holiday for Eid al-Fitr, suspending official working hours across state institutions from Wednesday 18th March until Monday 23rd March. Government offices are scheduled to resume normal operations on Tuesday 24th March. Eid al-Fitr marks the end of Ramadan, a month of fasting in the Islamic […]
By John Lee. The Ministry of Interior has confirmed that a drone struck the upper part of the Rasheed Hotel in Baghdad's Green Zome without causing casualties or significant material damage. According to the ministry, forensic teams conducted a site and technical inspection following the incident and determined that the drone collided with the hotel's outer […]
By John Lee. The Ministry of Oil has reportedly issued tenders to export Iraqi crude oil through the Syrian port of Baniyas and the Jordanian port of Aqaba, according to Oil Minister Hayan Abdul Ghani. In comments reported by the state-run Iraqi News Agency (INA), Abdul Ghani said Iraq remains heavily dependent on revenues from […]
By John Lee. Iraq Fund for the Recovery of Smuggled Assets has reportedly recovered approximately $379 million in Iraqi funds from abroad, according to its chairman, Mohammed Ali Al-Lami. Speaking to the state-run Iraqi News Agency (INA), Al-Lami said the fund is seeking to sign cooperation agreements with international and local institutions to strengthen its […]
By John Lee. Iraq's Ministry of Oil and the Kurdistan Regional Government's Ministry of Natural Resources have issued statements outlining differing positions on the possible resumption of crude oil exports through the northern pipeline to the Turkish port of Ceyhan. The exchange comes amid regional disruption affecting exports through the southern system via the Strait […]
