By Maha Yassin for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Scaling Up Iraq's Energy Transition: Is Now the Right Time? Iraq is expected to experience a […]
By John Lee. In its 40th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet agreed to increase the capital of the Agricultural Cooperative Bank by nearly 30 percent. The increase, totaling IQD 29,476,500,000 [$22.6 million], will be added to the bank's current capital of IQD 100,600,000,000. In a statement, the Media […]
By Julianne Geiger for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Oil Tensions Mount As Iraq Contradicts Turkey's Export Claims While Turkey said on Monday that Iraqi oil exports would resume this week through a stalled oil pipeline, Iraq is saying […]
By John Lee. The industry group representing international oil companies (IOCs) in Iraqi Kurdistan has said that its member companies won't be able to produce oil for pipeline exports until there is clarity on how IOCs will be paid for past and future oil sales, as they are currently owed nearly $1 billion in unpaid […]
By Dashti Adil for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan's Electricity Crisis: Challenges and Sustainable Solutions KRG policymakers must embrace solutions that both expand […]
The Government of Sweden contributed an additional 10 million Swedish Krona (SEK) (USD 898,133.84) to the United Nations Mine Action Service (UNMAS) in support of the humanitarian mine action sector endeavors to reduce the risks of explosive ordnance contamination and protect the lives of vulnerable communities in Iraq. Since UNMAS programme inception in 2015, the […]
Addressing Food Loss and Waste for a Sustainable Iraq On the International Day of Awareness of Food Loss and Waste (IDAFLW), the Food and Agriculture Organization of the United Nations (FAO) and the United Nations World Food Programme (WFP) come together with a renewed commitment to tackle a pressing global challenge: food loss and waste. […]
By John Lee. Turkey's Energy Minister has said that the Iraq-Turkey pipeline (ITP), which has been out of operation since a court ruling in March, will be re-started this week. Alparslan Bayraktar confirmed on X (formerly Twitter) on Monday: "The oil pipeline, which was damaged in the devastating earthquake in February and the subsequent flood, […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for September: Total exports of crude oil: 103,143,199 barrels. Revenues from crude oil exports: $9.494 billion, the highest since August 2022. Oil fields in central and southern Iraq accounted for 102,220,441 barrels of crude oil exports. Exports from Kirkuk through the port of […]
By John Lee. Iraq's Minister of Electricity has announced the successful completion of the electricity connection with Jordan, adding that imports from Jordan will start in the coming days. Ziad Ali Fadel also confirmed that the electricity connection contracts with neighboring countries are progressing as planned. He clarified that the Gulf-Saudi connection is also progressing […]
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The director general of the Iranian Ministry of Labor, Cooperatives and Social Welfare for employment development affairs in a meeting with Iraqi officials voiced the country's readiness to dispatch […]
By John Lee. The Chairman of Iraq's Military Industrialization Authority (MIA), Mustafa Ati Hassan (pictured), reportedly met with representatives of the German companies MAN (part of the Volkswagen group) and Mercedes on Thursday. According to state-run Iraqi News Agency (INA), the meeting discussed the production of military and civilian trucks in Iraq. (Source: INA)
