Iraq Allows HKN Energy to Bypass Standard Qualification Criteria
By John Lee. The Iraqi Cabinet has approved an exception for US-based HKN Energy, allowing it to bypass the standard qualification criteria and receive a direct invitation to develop the Hamrin oil field in northern Iraq. Last week, the Ministry of Oil signed an agreement in principle with HKN to develop the field, aiming to […]
Schlumberger to Develop Akkas Gas Field; Ukrainian Contract Cancelled
By John Lee. The Ministry of Oil has signed a contract with US-based Schlumberger (SLB) to increase natural gas production at the Akkas gas field in Anbar province. Speaking at the signing ceremony, Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, described the project as a major milestone in Iraq's […]
Turkiye Terminates Iraq Crude Oil Pipeline Agreements
By John Lee. The Government of Turkiye has officially announced the termination of the long-standing Iraq-Turkey Crude Oil Pipeline Agreements, effective 27 July 2026, by Cabinet Decision No. 10113. The termination applies to the following agreements and related documents: The Crude Oil Pipeline Agreement dated 27 August 1973, approved by Cabinet Decision No. 7/9843 of […]
CBI Re-Issues Tender for Currency Counting and Sorting Machines
By John Lee. The Central Bank of Iraq (CBI) has re-issued General Tender No. (2025/1) for the second time, inviting bids for the supply, installation, and operation of 68 currency counting and sorting machines for its branches in Basra (35 machines) and Mosul (33 machines). The tender covers both Iraqi and foreign currencies (USD and […]
Northrop Grumman Wins $11m Iraq Contract
By John Lee. Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded an $11,737,827 modification (P00031) to a previously awarded contract FA8617-21-C-6237 for contractor logistics support of Iraq's C-172 and C-208 fleets. The modification brings the total cumulative face value of the contract from $58,886,759 to $70,624,586. Work will be performed at Martyr BG […]
KBR Secures Two-Year Contract Extension at Majnoon Oil Field
By John Lee. KBR has announced the renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon oil field in Iraq, extending the agreement for another two years. Under the contract, KBR will continue delivering EPCM services to support production targets, enhance operational efficiency, improve safety, and […]
Iraqis Join Entrepreneurship and Agribusiness Training Programme
By John Lee. On 12 July 2025, the United Nations Institute for Training and Research (UNITAR) welcomed 524 young participants from Egypt, Iraq, and Lebanon to the Japan-funded "RISE LAB: Igniting Youth Potential through Entrepreneurship, Innovation, and Economic Resilience" training programme. Designed as a multi-phase approach, this programme aims to empower motivated entrepreneurs and leaders, both men and […]
PM Opens Ramada Plaza Hotel in Mosul
By John Lee. Prime Minister Mohammed Shia Al-Sudani officially opened the new Ramada Plaza tourist hotel in Mosul on Wednesday, marking a key investment by the private sector in Nineveh province. Located on the western bank of the Tigris River, the Ramada Plaza hotel features 148 rooms and suites, a variety of restaurants, four modern […]
Iraqi Election: Second Shiite Bloc Withdraws
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi electoral process in question as second Shiite bloc withdraws from polls Amid mounting fears over the future of democracy in Iraq, the Nasr (Victory) bloc led by former premier Haidar Al-Abadi (2014-18) […]
Women in Kurdistan and Their Battle for Self-Agency
By Shilan Fuad Hussain, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Battling the 'Patriarchal Trifecta': Women in the Kurdistan Region of Iraq and Their Battle for Self-Agency In the Kurdistan Region of Iraq […]
WFP Iraq Country Brief, June 2025
In Numbers 4,574 People assisted USD 1.3 million cash-based transfers made USD 8.6 million six months (July - December 2025) net funding requirements Operational Updates General Food Assistance In June 2025, WFP concluded its food assistance to over 38,000 Syrian refugees across nine camps, following the final cash distribution, due to funding shortfalls. WFP informed […]
Iraqi Cabinet Approves Measures on Kurdish Oil Delivery
By John Lee. The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG). In a major development, the Cabinet approved the immediate transfer of all oil produced in the Kurdistan […]