By Marina Ottaway, for The Wilson Center. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: The Demise of Federalism Federalism in Iraq is being dismantled. Kurdistan exercised some autonomy, but after its failed independence bid, Baghdad began clawing back its privileges. Centralization may […]
FAO Renews its Call for Urgent Action to safeguard Iraq's Marshes and Buffalo Producers from Severe Climate Change and Water Scarcity FAO Iraq is deeply concerned about the grave consequences of climate change and water scarcity on the marshes (Al Ahwar) and buffalo producers in the Southern Iraq. Alarming field reports from the project team, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th July 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,087.7 4.7% 19.5% RSISX USD Index 1,069.5 […]
By John Lee. The Iraqi Cabinet has approved the recommendation of the Energy Ministerial Council for the construction of a third offshore oil export pipeline, sometimes referred to as "Sealine 3" or "SL-3". The 48-inch pipeline will have a capacity of 2 million barrels per day (bpd), and is planned to be completed in 400 […]
By John Lee. Egyptian billionaire Naguib Sawiris has met with Iraqi Prime Minister, Mohammed Shia Al-Sudani, to discuss a major project in Baghdad. No details of the project were given, but Sawiris, the Chairman of Egypt's Orascom Investment Holding company, had also met earlier this year with the Chairman of Iraq's National Investment Commission (NIC) […]
By John Lee. Sama Samawa Industries has announced plans to build a cement factory in Muthanna Governorate, southern Iraq. According to Shafaq News Agency, the factory aims to produce various types of cement, with a daily production capacity of 7,000 tons and an annual output of two million tons. Sinoma International Engineering, a Chinese company […]
By John Lee. The Iraqi Cabinet has approved a recommendation from the Ministerial Energy Council directing the Ministry of Oil's Dhi Qar Oil Company (DQOC) to invite the Italian company Progetti Europa & Global S.p.A. (PEG) to install and operate a "wet oil processing unit" at the Nasiriyah Gas Isolation Station. The plant will have […]
By John Lee. In an effort to address the electricity crisis and overcome financing and sanctions-related challenges, Iraq and Iran signed an agreement on Tuesday in Baghdad, involving the exchange of Iranian-imported gas for Iraqi oil. Representing the Iraqi side, Mr. Ihsan Yaseen Al-Awadi, Chief of Staff to the Prime Minister, signed the agreement, while […]
By John Lee. The US President has welcomed the finalization of Iraq's Gas Growth Integrated Project (GGIP) with French firm TotalEnergies. In a statement, the White House said the project is a major step towards energy self-sufficiency and meeting its climate goals. Full statement from the White House: We welcome the finalization of Iraq's unprecedented […]
By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced that all non-essential capital expenditures in the Atrush block (pictured) have been cancelled or postponed, while it engages with bondholders to seek additional balance-sheet flexibility. The company's operations remain heavily impacted by the continued closure of the Iraq-Turkey pipeline (ITP), connecting Iraq's […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will Turkey agree to resume oil shipments from northern Iraq? The transfer of crude oil from Iraq to Turkey remains suspended, almost four months after an arbitration ruling found that Ankara […]
By John Lee. An Iraqi delegation visited the Ministry of Water and Irrigation in Jordan on Sunday to gain insights into the country's water and sanitation management practices and explore opportunities for joint cooperation. According to a report from the state-run Petra News Agency, Rami Abu Rawaq, Acting Secretary General of the Water Authority of […]
