By John Lee. Türkiye Petrolleri Anonim Ortaklığı (TPAO) is to acquire a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL), the vehicle through which BP is supporting the redevelopment of major oil and gas fields in the Kirkuk region of northern Iraq. According to BP, the agreement builds on a strategic cooperation […]
By John Lee. Iraq and Turkey have agreed to begin work on the Development Road project, with several contracts signed covering energy, transport, education, and water during a visit to Ankara by Prime Minister Ali al-Zaidi. According to the Prime Minister's Office, Ali al-Zaidi made the announcement at a joint press conference with Turkish President […]
By John Lee. Iraq and Turkey have signed three memoranda of understanding (MoUs) in Ankara, covering industrial property, police training, and youth and sports cooperation. According to the Iraqi Prime Minister's Office, the signing was witnessed by Prime Minister Ali al-Zaidi and Turkish President Recep Tayyip Erdoğan. The agreements are: An MoU on industrial property […]
By John Lee. Zain Mart, the e-commerce platform of Zain Iraq, has formed a partnership with Switch, a financial solutions company, to offer instalment payment plans to eligible banking customers. Under the agreement, Switch cardholders whose salaries are domiciled with Rasheed Bank and National Bank of Iraq (NBI) will be able to purchase products on […]
By John Lee. The Iraqi Minister of Oil has been authorised to sign a memoranda of understanding (MoU) with a consortium comprising US-based companies ConocoPhillips, TI Capital and Novaterra Energy. Cabinet approved the agreement, which involves assessing the exploration and development potential at the Akkas gas field (pictured) in western Iraq, and surrounding areas. Earlier […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has received Germany's Ambassador to Iraq, Daniel Krebber, for talks on bilateral relations and economic cooperation. According to the Prime Minister's Office, discussions covered ways to strengthen cooperation across various sectors, as well as regional and international developments. Al-Zaidi highlighted the government's programme of economic, financial, and […]
By John Lee. A memorandum of understanding (MOU) has been signed between the Uptime Institute and the Governorate of Nineveh to advance the region's digital infrastructure and support Iraq's national digital agenda. According to a press release published by Business Wire, the agreement was signed on 17th July at the U.S.-Iraq Business Summit, held at […]
By John Lee. Iraq's Minister of Trade, Mustafa Nizar Jumaa, met on Sunday with the Jordanian Ambassador to Iraq, Dr Maher Salem Al-Tarawna, to discuss ways to strengthen economic and trade cooperation between the two countries. According to Iraq's Ministry of Trade, the meeting included discussion of convening the Iraqi-Jordanian Economic and Trade Committee in […]
By John Lee. Iraqi authorities have seized IQD 27 billion ($20.6 million) in connection with a corruption case involving a detained senior official at the Ministry of Oil. According to the Supreme Judicial Council (SJC), the funds were found hidden with a number of individuals linked to the case. The investigating judge at the Central […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Al-Zaidi' Government on Petroleum Issues and Washington DC Visit The Iraqi Council of Representatives (Parliament) voted on 14th May 2026 to endorse the new government headed by PM Ali Al-Zaidi, and approved […]
By John Lee. Iraq's Council of Ministers has authorised the chief executive of Basra Oil Company (BOC) to sign a memorandum of understanding (MoU) between the Ministry of Oil and Syria's Ministry of Energy. The agreement covers the establishment of a pipeline project to connect Iraqi oil production to global export markets via the Mediterranean. […]
From the Kurdistan Regional Government (KRG). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Investment in the Kurdistan Region Exceeds USD 25 Billion The Kurdistan Regional Government (KRG) has, as part of broader ongoing efforts to diversify revenue sources and lay the foundation of […]
