Iraqi WTO Accession Talks in Geneva
By John Lee. A delegation from Iraq's Ministry of Trade has held a series of formal meetings with officials from the World Trade Organization (WTO) in Geneva to discuss the advanced stages of Iraq's accession process. According to the ministry, the delegation met with the WTO's deputy director-general, the chair of the working party on […]
10 Key Takeaways from PM Al-Zaidi's Washington Visit
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 1. A historic volume of agreements - 48 in total A total of 48 agreements, memoranda of understanding, cooperation agreements and partnership declarations were signed between public and private sector entities in Iraq […]
Halliburton Wins Contract for Nahr Bin Umar and Sindbad Fields
By John Lee. Basra Oil Company (BOC) has awarded a contract to US company Halliburton to provide Integrated Field Management Services (IFMS) and Engineering, Procurement, and Construction Management (EPCM) for the Nahr Bin Umar oil field and Sindbad oil and gas fields in southern Iraq. The contract scope includes field development planning, production optimisation, digital […]
HKN Energy Contract for Hamrin Field is "Activated"
By John Lee. A development contract for the Hamrin oil field has been activated with US-based HKN Energy in a ceremony attended by Minister of Oil Basim Muhammad Khudhair al-Abadi. According to the Ministry of Oil, the contract targets a peak production rate of 140,000 barrels per day of oil, alongside approximately 40 million standard […]
Starlink Granted Licence to Operate in Iraq
By John Lee. Starlink has been granted an official licence to operate in Iraq. The licence was signed at a ceremony held at the American Chamber of Commerce in the United States, in the presence of Prime Minister Ali al-Zaidi. According to Iraq's Communications and Media Commission (CMC), the licence was signed by the commission's […]
Extended Hours at Jordan's Border Crossing with Iraq
By John Lee. Operating hours at the Al Karameh / Terbil border crossing between Jordan and Iraq have been extended to accommodate rising land shipping traffic. According to Jordan's state-run Petra news agency, the Jordanian Ministry of Interior announced the change on Monday in coordination with official bodies at the crossing. Under the new schedule, […]
Shaikan Oil Production Temporarily Suspended; GKP Shares Fall
By John Lee. Gulf Keystone Petroleum (GKP) has announced that production operations at its Shaikan oil field in the Kurdistan Region of Iraq have been temporarily shut in as a safety precaution, citing the developing regional security environment. The company said its assets have not been impacted and that the latest gross production figure was […]
Iraq Signs 48 Deals with US Firms
By John Lee. Iraq has signed 48 agreements, memoranda of understanding (MoUs) and partnership declarations with US public and private sector entities spanning the oil, electricity, technology, finance and agriculture sectors. According to Iraq's Prime Minister's Office (PMO), the signing ceremony took place on Friday evening Baghdad time under the auspices of Prime Minister Ali […]
Floating Gas Terminal Deal Agreed for Khor al-Zubair
By John Lee. A floating gas platform project at Khor al-Zubair is set to proceed. following a meeting in Washington between Prime Minister Ali al-Zaidi and the chief executive of US-based Excelerate Energy. In October, the Ministry of Electricity and Excelerate Energy agreed on a floating storage and regasification unit (FSRU) with a capacity of […]
AKT Wins EPC Contract for Gas Recovery at West Qurna 1
By John Lee. An EPC (engineering, procurement and construction) contract has been signed for a low-pressure gas recovery project at Gas Compression Station 6 in the West Qurna 1 oil field. According to Basra Gas Company (BGC), the contract has been awarded to Abraj Al-Kut Oil Services Company (AKT). The project aims to recover associated […]
New Limestone and Oil-Well Cement from Basra Plant
By John Lee. The Basra cement plant has begun producing two new cement types: limestone cement and oil-well cement. The plant is operated by the General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals. The limestone cement is manufactured to Iraqi standard specifications and is suitable for finishing and plastering […]
$105m Water Project Completed in Barzan Region
By John Lee. A water infrastructure project serving 53 villages in the Barzan region of the Kurdistan Region of Iraq has been completed at a cost of IQD 138.5 billion (USD 106 million). According to the Kurdistan Regional Government (KRG), the project supplies clean drinking water to more than 35,000 residents. The project draws water […]