China’s state-run Zhenhua Oil has agreed to develop the southern part of the East Baghdad oilfield. Under the agreement, Zhenhua will increase production at the field by 40,000 barrels per day above current production, and provide gas for power stations in the Baghdad area. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said that this contract […]
Iran's South Rouhina Steel Complex has reportedly sent 500 tons of rebar to Iraq. The Iranian trade attaché to Iraq, Naser Behzad, is quoted by IRNA as saying that the consignment was worth $250,000. 'Exports to Iran have paved the way for sending standard goods,' he said. South Rouhina Steel Complex has the capacity to […]
Iraq's Ministry of Oil has invited local and international companies to participate in the execution of the oil export pipeline extension, which extends from the Kirkuk oilfield to the Iraqi-Turkish border, and will run side-by-side with the old strategic pipeline to the Turkish port of Ceyhan (pictured). Mr. Assim Jihad, the spokesman of the Ministry […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The United Nations Security Council (UNSC) has agreed to lift sanctions imposed on Iraq when the country invaded Kuwait 27 years ago. The Iraqi Foreign Ministry said Dec. […]
The KRG Council of Ministers recently discussed a number of issues, including the unfortunate events that took place recently in some towns in the Kurdistan Region. The Council stressed that people do have the right to peaceful and civil demonstrations, but expressed concern about the acts of violence perpetrated by some individuals during the demonstrations. […]
By John Lee. Iraq’s Ministry of Oil has announced final oil exports for November of 105,050,819 barrels, giving an average for the month of 3.502 million barrels per day (bpd), considerably up on the 3.348 bpd exported in October. These exports were shipped by 40 multinational companies from the ports of Basra, Khor Al-Omaia and the SPM’s […]
Commission of Integrity launches campaign to engage non-governmental organizations in the fight against corruption Iraq’s Commission of Integrity (CoI) has launched a national campaign to promote a broader engagement of non-governmental organizations (NGOs) and civil society in the fight against corruption. Under the leadership of the office of the Prime Minister of Iraq and through […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Developing Majnoon Oilfield by National Effort -- Important Move in the Right Direction On 21st December, the Ministry of Oil (MoO) approved a set of measures relating to the development of the […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. To the sound of drums and trumpets, an Iraqi groom and his bride this week stepped hand-in-hand onto a speed boat on the river in Basra to celebrate: Click here to view on YouTube.
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Months later and Mosul locals are still waiting for significant help in rebuilding their hometown. Some, like the stall holders in one central marketplace, are taking a DIY approach. For […]
The United Nations World Food Programme (WFP) has welcomed a contribution of €4.4 million (US$5.2 million) from the Government of Germany, which will provide cash-based assistance to almost a quarter of a million Iraqis for one month. Dr. Cyrill Nunn (pictured), Germany’s Ambassador to Iraq, said: “The German Government greatly appreciates its strong and effective […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Dec 2017). Note: ISX will be closed from December 26, 2017 to January 1, 2018 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2018. Please click here to download a table of listed companies and […]
