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Iraq, Germany's GIZ discuss Energy Transition

By John Lee. Iraq's Ministry of Planning has held talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on preparing a proposed strategic project to support the transition in Iraq's electricity and renewable energy sector. According to a statement from the Ministry, the project, which remains under study, aims to develop sector policies, improve energy […]

Basra-Baku Route to launch on Wednesday

By John Lee. Iraqi Airways will begin direct flights between Basra and Baku today (Wednesday), operating one flight per week as part of plans to expand its international network and meet growing demand for travel. The company's Director General, Manaf Abdul Moneim, said the new route responds to increased seasonal demand and gives passengers from […]

World Bank Backing for Iraqi Entrepreneurs

By John Lee. Iraq's Ministry of Planning has held a meeting with representatives of the World Bank to discuss cooperation on supporting entrepreneurship, empowering small and medium-sized enterprises (SMEs), and creating a more efficient and attractive business environment for investment. According to a statement from the Ministry, Sunday's meeting discussed a proposed programme aimed at […]

Halliburton to Boost Output at Two Iraqi Oil Fields

By John Lee. Basra Oil Company (BOC) has signed a five-year contract with US firm Halliburton for the integrated management of the Nahr Bin Umar oil field and Sindbad field. The signing took place under the auspices of Minister of Oil Basim Muhammad Khudhair al-Abadi, in line with government plans and directives from Prime Minister […]

Ministers Discuss Progress of Iraq-Jordan Economic City

By John Lee. Iraq's Minister of Industry and Minerals, Mohammed Nouri, received his Jordanian counterpart, Minister of Industry, Trade and Supply Yarub Qudah, along with an accompanying delegation, on Thursday. The two sides held a meeting to discuss ways of strengthening industrial and trade cooperation, and expanding joint coordination in areas serving the shared interests […]

Iraq, Jordan Discuss Basra-Aqaba Oil Pipeline Project

By John Lee. Iraq's Prime Minister, Ali al-Zaidi, held talks on Thursday with a Jordanian ministerial delegation led by Jordan's Minister of Industry, Trade and Supply, Yarub Falah Al-Qudah, with Iraq's Minister of Industry and Minerals, Mohammed Nouri Ahmed, also in attendance. According to the Ministry of Industry and Minerals, the Jordanian delegation also included […]

Iraq, Türkiye Reach One-Year Ceyhan Pipeline Protocol

From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq And Türkiye Reach One-Year Oil Export Protocol Through Ceyhan Pipeline Iraq and Türkiye have agreed on a one-year temporary protocol to ensure the continuation of oil exports through the pipeline linking the Kurdistan […]

OPEC+ to Increase Output from August

By John Lee. Seven OPEC+ countries, including Iraq, have agreed to a production adjustment of 188,000 barrels per day (bpd) from the additional voluntary adjustments announced in April 2023, to be implemented in August 2026. The countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on 5 July 2026 to review global […]