Iraq Business News brings you the latest Iraqi politics news, keeping you up to date with the latest information and developments.
By John Lee. Prime Minister Mustafa Al-Kadhimi chaired the regular session of the Iraqi cabinet on Tuesday. Addressing the ongoing crisis in electricity supply, the cabinet agreed to allocate 50 billion Iraqi dinars ($34 million) for emergency expenses and maintenance of the electricity infrastructure. This will be achieved by profitable Ministry of Oil companies lending […]
By John Lee. Both BP and Lukoil are reported to be considering quitting upstream oil operations in Iraq. Reuters quotes Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail, as making the comments during a parliamentary session last week. Last month, BP was said to be planning to spin off its Iraqi operations in Iraq into a separate […]
By John Lee. Washington DC-based law firm Arent Fox LLP has entered an agreement with the Kurdistan Regional Government (KRG) to provide legal advice on various issues including legal and regulatory matters in the United States. It will also advise on strengthening the KRG's alliance with the United States, tracking and monitoring legislation in Congress, […]
Writing in The National, Robert Tollast quotes analysts as saying that the disastrous collapse in Iraqi and Iranian electricity supplies was partly caused by the dysfunctional partnership between the countries' energy sectors. Click here to read the full story.
By Katherine Harvey and Bruce Riedel, for The Brookings Institution. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Egypt, Iraq, and Jordan: A new partnership 30 years in the making? In April, the news that Iraq was mediating between longtime rivals Saudi Arabia and Iran captivated […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What is behind Iraq's electricity crisis? As summer brings soaring temperatures, Iraq is again experiencing major power shortages with associated political turmoil. With daytime highs above 50 degrees Celsius, blackouts are particularly hitting […]
Writing in Oil Price, Simon Watkins says Iraq is playing the United States and China off against each other in the awarding of contracts for infrastructural development and oil sales. Click here to read the full story.
By John Lee. Local news sources in Iraq claim the major power cut in Iraq on Friday was caused by sabotage of the power transmission lines. Meanwhile, Prime Minister Mustafa Al-Kadhim ordered the dismissal of the Director General of the General Company for Electricity Transmission in the Middle Euphrates region for "neglecting to perform his […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq replaces state media head An Iraqi court has reinstated the former president of the Iraqi Media Network (IMN), annulling the appointment of Nabil Jasem. Click here to […]
By Yesar Al-Maleki, for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The promise and the pitfalls of Iraq's tripartite New Mashreq Sunday was a festive day in Baghdad. The last time Iraqis had received an Egyptian president 30 […]
By John Lee. Iraq's Minister of Electricity, Majed Mahdi Hantoosh [Hantoush], has reportedly submitted his resignation, following protests over repeated power cuts. Anadolu Agency says the resignation was accepted by Prime Minister Mustafa Al-Kadhimi. Muqtada Al-Sadr, leader of the Sadrist movement, had recently called for the Minister to be sacked. (Source: Middle East Monitor)
By John Lee. Iran has reportedly suspended the supply of gas and electricity to Iraq, at a time when the country is struggling to cope with with soaring temperatures. According to AP, Iraq already owes Iran $4 billion for energy imports, and Iran is pushing to have the debt paid. More here. (Source: AP)
