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Iraq Clamps Down on Oil Smugglers

By John Lee. As part of the national campaign to eliminate the smuggling of oil derivatives, five vehicles prepared for smuggling were seized and four people were arrested in Salah al-Din Governorate. Four large storage tanks were also seized at the smugglers' base. A further four premises were seized in raids in Nineveh, Anbar, Babil […]

Northrop Grumman Wins $13m Iraq Contract

By John Lee. Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded a $13,273,788 contract modification (P00004) for option exercise to previously awarded contract FA8617-21-C-6237 for contractor logistics support of Iraq's C-172 & C-208 fleets at Martyr Brigadier General Ali Flaih Air Base, Iraq. This modification involves Foreign Military Sales to Iraq. Work will […]

Schlumberger "Withdraws from Iraqi Kurdistan"

By John Lee. Schlumberger has reportedly announced its withdrawal from Iraqi Kurdistan, as a result of the Federal Supreme Court ruling that oil contracts signed with the Kurdistan Regional Government (KRG) are unconstitutional. Sources told the official Iraqi News Agency that the US-based oilfield services company "sent a letter with an official document to the […]

UN: Iraqi MSMEs need Targeted Support

The United Nations set aside 27 June to annually celebrate the role that micro, small and medium enterprises play in the global economy, poverty reduction and the attainment of the 2030 Sustainable Development Goals. This year, UN agencies in Iraq share a statement to recognize MSMEs at the heart of any resilient recovery from the […]

Petrel to submit proposals to Incoming Iraqi Administration

By John Lee. Petrel Resources has said its Iraqi business is being "re-galvanised" (sic), with data bases being updated, and updated proposals submitted to the incoming administration. In its audited results for the year ended 31st December 2021, the company said it is strengthening its Iraqi team, and has invested heavily in the training and […]

Korea Promoting Peace and Stability in Iraq

UN-Habitat Iraq receives generous support from Korea International Cooperation Agency (KOICA) to promote peace and stability by facilitating sustainable returns UN-Habitat Iraq welcomes the contribution of USD 6 million from the Korean Government through the Korea International Cooperation Agency office in Iraq. Today, during his visit to UN-Habitat Office, Mr. Cho Hyeong Lae, Country Director, […]

Croatian firm wins $69m Power Plant Contract in Iraq

By John Lee. Croatia's Koncar Group has signed an agreement worth EUR 65 million ($69 million) with Iraq's Ministry of Electricity for the revitalization of Haditha hydroelectric power station. Under the agreement, the company will carry out what it describes asĀ  "a partial revitalization of generation units, replace part of the MV and HV equipment, […]

Preventing Extinction of Gazelles in Southern Iraq

FAO Iraq mobilizing efforts to prevent the extinction of reem gazelles in Southern Iraq A delegation from the Food and Agriculture Organization of the United Nations (FAO) in Iraq visited last week Sawa Nature Reserve in Al Muthanna. This came as a follow-up to the urgent and current situation where reem gazzelles are endangered due […]

Scramble to Contain new Animal Virus Outbreak

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi health authorities scramble to contain new animal virus outbreak Viral hemorrhagic fever is spread by contact with animals and can constitute a "public health emergency of international […]