Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. Iraq's parliamentary oil and gas committee has said the government plans to increase oil production to over 5 million barrels per day (bpd). According to state-run Iraqi News Agency (INA), member of the committee, MP Zeinab Juma al-Mousawi, stressed the importance of facilitating an investment-friendly environment by offering protection and incentives to […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for June: Total exports of crude oil: 100,059,052 barrels Revenues from crude oil exports: $7.115 billion Oil fields in central and southern Iraq accounted for 98,725,620 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
By Joseph Daher for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. With Iraq's new budget, Baghdad goes after Kurdish oil Taking advantage of festering divisions within Kurdistan and the weakening of the KRG government, Iraq's central government has seized its […]
By John Lee. US State Department spokesperson Matthew Miller (pictured) has explained the background to Iraq's payment of its debt to Iran, despite the sanctions that are in place with regard to Iran. At a press briefing, he was asked: "Iraqi electricity ministry, they told the state media that Iraq has paid off all the […]
By John Lee. UK-based consulting and engineering company Wood has announced that it is investing in the growth and development of its national workforce in Iraq, with plans to recruit more than 200 new employees to support new contracts. As part of this the company will welcome 25 new graduates reinforcing its ongoing commitment to […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for May: Total exports of crude oil in May: 102,463,387 barrels Revenues from May's crude oil exports: $7.325 billion Oil fields in central and southern Iraq accounted for 102,206,413 barrels of May's crude oil exports. Exports from Kirkuk through the port of Ceyhan […]
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A spokesperson for the Iraqi Ministry of Electricity said Iran has expressed its readiness to increase the volume of gas exports to the Arab country. Ahmad Musa al-Ebadi said on […]
By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Erdogan, Barzani meet in Ankara as Iraqi oil exports via Turkey remain frozen Prime Minister Masrour Barzani of the Kurdistan Region of Iraq met with Turkish President Recep Tayyip […]
On Tuesday, June 20, 2023, Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) met with President Recep Tayyip Erdogan of the Republic of Türkiye in Ankara. At the start of the meeting, Prime Minister Barzani extended his congratulations to President Erdogan on his victory in the recent elections and conveyed his sincere hopes […]
On June 16th IBBC hosted it's best attended London Conference at The Mansion House yet, with over 280 delegates from Iraq, UK, and International European and Middle East countries. With an overarching theme of 'Iraq open to the world' a wide range of panels discussed Iraq's rapidly improving international position across economic indicators, political relationships, […]
By John Lee. Shares in Irish-based Petrel Resources fell more than 30 percent this morning as the company reported, "a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern," in its audited results for the year ended 31st December 2022. The company claims to have […]
By John Lee. UK-based 3t Energy Group (3t) has announced a new agreement that sees Horizon OilWell Academy operate as the Group's agent in Iraq. According to a press release, this agreement will see Horizon OilWell Academy adopt three of the Group's portfolio of businesses, including the provision of Drilling Systems' fully immersive simulator products, […]
