Iraq signs HOA with KBR, Dragon Oil, and Al Hurra
By John Lee. Dhi Qar Oil Company (DQOC) has signed a Heads of Agreement (HOA) with a consortium comprising KBR (USA), Dragon Oil (UAE), and Al Hurra International to develop the Abu Amoud and Saba [Subba] oilfields in Dhi Qar Governorate. The project will be undertaken as an integrated investment venture. The signing ceremony took […]
Iraq PM announces "Reconstruction and Development Coalition"
By Sinan Mahmoud for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq PM Al Sudani to run in elections with new alliance His sight set on a second term in office, Iraqi Prime Minister Mohammed Shia Al Sudani has unveiled […]
Fears Oil Drilling would Destroy Iraqi Marshes
By Rouba El Husseini for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 'Leave our marshes alone': Iraqis fear oil drilling would destroy fabled wetlands Plans to drill for oil in the protected Mesopotamian Marshes of southern Iraq have galvanised villagers […]
Nobel Energy and Iraq Sign MoU on Climate Cooperation
By John Lee. UK-based Nobel Energy has signed a Memorandum of Understanding (MoU) with Iraq's General Company for Carbon Economics, affiliated with Iraq's Ministry of Environment, to enhance cooperation on climate action, environmental initiatives, and sustainable development. The agreement was formalised during the First International Conference on Carbon Economics in Baghdad, marking a strategic collaboration aimed […]
Iraq's Electric Vehicle (EV) Market up 41.6%
By John Lee. Iraq's electric vehicle (EV) market grew by a reported 41.6 percent in Q1 of 2025, reaching 3 percent of total vehicle sales. According to a report from Focus 2 Move, Toyota dominated the segment, with 97 percent of EV sales, far ahead of Lexus (part of the Toyota group) and Land Rover. […]
Kulak Solar Village to Pioneer Off-Grid Renewable Living
By John Lee. Rwanga Foundation has unveiled plans for the Kulak Solar Village, Iraq's first fully off-grid, solar-powered community. Located southeast of Erbil, the pilot village will include 32 homes and house nearly 200 residents, serving as a model for rural climate resilience and energy self-sufficiency in one of the world's most climate-vulnerable regions. Entirely […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 22nd May 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 2,267.2 -0.1% 0.8% RSISX USD Index […]
Gazprom Signs Amendment to Badra Oilfield Service Contract
By John Lee. Russia's Gazprom and its consortium partners have signed the first amendment to the service contract for the Badra oilfield with Iraq's Midland Oil Company (MdOC). The signing ceremony, held on Thursday, was attended by Bassem Mohammed Khudair, Deputy Minister for Upstream Affairs; Russian Ambassador Elbrus Kutrashev; the Director General of Dhi Qar […]
EU Bank to Begin Iraq Operations in September
By John Lee. The European Bank for Reconstruction and Development (EBRD) is set to commence operations in Iraq this September, following the country's accession to the European Union Bank. Ali Mohsen Al-Allaq, Governor of the Central Bank of Iraq (CBI), received an EBRD delegation in Baghdad to discuss the final steps required before operations begin. […]
Chinese Firm signs Contract for Integrated Energy Project
By John Lee. Iraq's Ministry of Oil has signed a major contract for the South Basra Integrated Project with a consortium comprising China's Geo-Jade Petroleum and Iraq's Crescent Basra (Hilal Al-Basra). The agreement, signed on Wednesday marks the Ministry's first adoption of a fully integrated project model. Oil Minister Hayan Abdul Ghani described the deal […]
Iraq Launches Major Green Finance Initiatives
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Allaq has reaffirmed the Bank's commitment to addressing climate change and reducing carbon emissions, during his participation in Iraq's first Conference on Carbon Economics. Speaking at the event, Al-Allaq highlighted Iraq's pressing environmental challenges, stating that the country has a unique opportunity to restore […]
Iraq and France Discuss Boosting Economic Ties
By John Lee. Iraq's Minister of Trade, Dr. Atheer Daoud Al-Ghurairi, met on Tuesday with French Ambassador to Baghdad, Patrick Durel, to explore ways of enhancing bilateral cooperation, particularly in the economic and investment sectors. Al-Ghurairi emphasised Iraq's commitment to creating an attractive investment environment and highlighted the country's promising opportunities across various sectors. He […]