64-page Report on IMF Iraq Findings
By John Lee. In a follow-up to last week's report on the state of the Iraqi economy, the International Monetary Fund (IMF) has issued a more comprehensive 64-page report on its findings. The full document package includes: A Press Release. The Staff Report prepared by a staff team of the IMF for the Executive Board's […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 17th July 2025. Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,314.1 0.9% 2.9% RSISX USD Index […]
PM Opens Rebuilt Mosul Int'l Airport
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the newly rehabilitated Mosul International Airport on Wednesday, describing it as a strategic gateway for boosting economic and development opportunities in Nineveh province. The inauguration ceremony was attended by the Ministers of Defence, Transport, and Culture, as well as the Governor of Nineveh, the Chairman of […]
KBR Awarded FEED Contract for Fertiliser Plant in Basra
By John Lee. US-based KBR has been awarded a front-end engineering design (FEED) contract by KAR Electrical Power Production Trading FZE (KEPPT) for the development of a major fertilizer facility in Basra, Iraq. The project includes a 2,300 metric tonnes per day (MTPD) ammonia production unit and a 3,850 MTPD urea production unit. The FEED will […]
Cargo Volume Up at Iraq's Land Transport Company
By John Lee. The General Company for Land Transport (GCLT), part of Iraq's Ministry of Transport, has announced that it transported 415,000 tonnes of goods during the first half of 2025 - an increase of more than 36 percent compared to the same period in 2024. According to Director General Murtadha Kareem Al-Shahmani, the company […]
Mosul's Riverfront Redevelopment Preserves Historical Heritage
By John Lee. Prime Minister Mohammed Shia Al-Sudani conducted a field visit on Wednesday to inspect the ongoing redevelopment of the historic riverfront in the old city of Mosul. Highlighting the symbolic and cultural importance of the area, which includes numerous religious and archaeological landmarks, the Prime Minister affirmed that the reconstruction is being carried […]
IDC deploys Second Rig for 35-Well Project at Zubair Field
By John Lee. The Iraqi Drilling Company (IDC) has deployed a second drilling rig, IDC-56, as part of the ongoing project to drill 35 oil wells at the Zubair oilfield. The project is being implemented under a contract with Italy's ENI, in cooperation with oilfield services company Schlumberger (SLB). IDC had previously commenced operations at […]
Another Iraqi Oilfield Attacked by Drone
By John Lee. The Kurdistan Regional Government's Ministry of Natural Resources has confirmed reports of another attack on oil facilities in Northern Iraq. According to a statement on Wednesday, the Ain Safni oil field in the Sheikhan district of Duhok Governorate was attacked by drone. Ain Sifni is operated by US-based Hunt Oil. The KRG […]
GKP "Temporarily Shuts-In Production" at Shaikan
By John Lee. Gulf Keystone Petroleum (GKP) has said it has "temporarily shut-in production" at its Shaikan field in Iraqi Kurdistan. In a statement this morning (Wednesday), the company said: "Gulf Keystone has noted reports over the past two days of explosions at a number of oil fields in the vicinity of the Company's Shaikan […]
Explosions at Tawke; Production Temporarily Suspended
By John Lee. DNO, the operator of the Tawke field in Iraqi Kurdistan, reported three explosions this morning (Wednesday). In a statement, the company said: "DNO ASA, the Norwegian oil and gas operator, reports that operations at its Tawke license in the Kurdistan region of Iraq have been temporarily suspended following three explosions early this […]
HKN Energy to Develop Iraq's Hamrin Oil Field
By John Lee. The Ministry of Oil has signed an agreement in principle with HKN Energy to develop the Hamrin field in northern Iraq. The agreement, signed on Tuesday between North Oil Company (NOC) and the US-based company aims to increase the field's output to 60,000 barrels per day, up from the current 20,000-25,000 bpd, […]
GE-Led Consortium Wins 750MW Mansuriya Power Contract
By John Lee. GE Verona, in consortium with GE Global, General Electric Global Services, Ontex Trading, and Calik Enerji, has been awarded the contract for the expansion of the Mansuriya gas power plant. The project involves adding two gas turbines and a combined-cycle system, with a total capacity of 750 megawatts (MW). The Iraqi Cabinet […]