Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By Dr. Hussein Al-Jazairi, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Expected Effects of the US-Iran Peace Agreement on Iraq's Oil Maritime Transport Sector The maritime transport and insurance sector in the Arabian Gulf […]
From The New York Times. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. U.S. Resumes Dollar Transfers to Iraq After Monthslong Suspension The Trump administration had halted the shipments to Iraq as part of its efforts to pressure the Baghdad government to distance itself […]
By John Lee. Basra Oil Company (BOC) signed a confidentiality agreement with Chevron of the United States on Wednesday to regulate the exchange of information for the evaluation of the West Qurna 2 oil field, and to negotiate future agreements. According to the Ministry of Oil, West Qurna 2 is one of Iraq's giant oil […]
By John Lee. Iraqi investigators have seized $11m in cash, 4 billion Iraqi dinars ($3.05m), and a number of properties as part of a corruption investigation into a senior Ministry of Oil official. According to the Supreme Judicial Council (SJC), the investigating judge at the Central Anti-Corruption Felonies Court said preliminary investigations into Ali Maarij […]
By John Lee. The U.S. Embassy in Baghdad has announced that KBR has signed a memorandum of understanding with the local government in Basra aimed at drawing on American expertise to develop infrastructure and support economic growth in the province. (Source: U.S. Embassy Baghdad)
By John Lee. UAE-based oilfield services company Lamprell has established a new office in Basra, expanding its presence in Iraq. According to a statement from the company, the move follows a series of engagements with clients and stakeholders in the country over the past year, and reflects the company's long-term commitment to supporting Iraq's energy […]
By John Lee. Iraq's Foreign Minister, Fuad Hussein, met on Monday with Syrian President Ahmad Al-Sharaa at the People's Palace in Damascus. Syrian Foreign Minister Asaad Hassan Al-Shaibani was also present. According to the Iraqi Ministry of Foreign Affairs, the talks covered bilateral relations and avenues for expanding joint cooperation across various fields. The two […]
By John Lee. Iraq's Council of Ministers has approved two oil sector contract awards put forward by the Ministry of Oil. Basra Oil Company (BOC) has been authorised to award contracts for integrated field management and engineering, procurement and construction (EPC) management to Halliburton, under terms of five years with an optional three-year extension, with […]
By Dr. Ali al-Rawi, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Urgent Monetary and Fiscal Reforms Amid Iraq's Oil Export Crisis and the Inflation of Operational Expenditures Iraq is going through an economic phase that […]
By Michael Kern, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq […]
By John Lee. Iraq's Ministry of Oil has clarified that reports suggesting the country threatened to withdraw from OPEC do not reflect the official position of the Iraqi government. According to the ministry, neither the prime minister nor the government has raised the issue of withdrawal. The ministry said Iraq has consistently called for a […]
By John Crowley, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran's Hormuz Insurance Scheme 'Amounts to Transit Fee' Iran's plans to require vessels crossing the Strait of Hormuz to obtain insurance amount to a transit fee, […]
