DNO issues Update on Production
By John Lee. DNO ASA, the Norwegian oil and gas operator, has provided an update on production, sales volumes and other selected information for the quarter. Regarding its operations in Iraqi Kurdistan, the company said: "DNO's share of crude oil from the Tawke license during the quarter has been sold to local buyers as the […]
Al-Bilal Group signs Investment Licences for 525 MW Solar Projects
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makia [Makiyya], has announced the signing of two investment licences with Al-Bilal Group for General Contracting Ltd. to develop solar power plants in Karbala and Babil provinces, with a combined capacity of 525 megawatts. The projects will include a 225-MW plant […]
UK Consultancy Wins Pensions Contract in Iraq
By John Lee. UK-based Development Analytics Ltd has won a contract with the International Labour Organization (ILO) to, "[Make] The Case for an Old-Age Social Pension in Federal Iraq." The contract value was not disclosed. According to information provided by the UN, the ILO, together with UNICEF and WFP, are implementing an EU-funded Joint Social […]
Central Bank of Iraq Revokes Another ForEx Licence
By John Lee. The Central Bank of Iraq (CBI) has revoked the licence of Taiba Land Company due to what it describes as violations of Regulation No. (1) of 2022, which governs the operations of exchange and brokerage firms in Iraq. Click here to see the full statement from the CBI. (Source: CBI)
PM supports Cardinal Sako to Succeed Late Pope Francis
By John Lee. Iraq's Prime Minister has committed "unwavering support" for Cardinal Louis Sako (pictured) to succeed the late Pope Francis as head of the Catholic Church. Describing him as the only nominee from the Middle East, Mohammed S. Al-Sudani said the 76-year-old Chaldean Archbishop of Baghdad is widely respected both locally and internationally. Full […]
Central Bank of Iraq Warns about Fraudulent Banknotes
By John Lee. The Central Bank of Iraq (CBI) has issued a warning to the public regarding the circulation of foreign banknotes - including authentic, withdrawn, and counterfeit currency - used by fraudsters to deceive citizens. According to the CBI, criminals lure individuals into exchanging these notes for Iraqi dinars at inflated rates under the […]
Iraq Develops Remote Air Pollution Monitoring System
By John Lee. The General Company for Communication and Power Equipment, under Iraq's Ministry of Industry and Minerals, has successfully designed and implemented a remote air pollution monitoring system, according to its Director General, Eng. Fawaz Muflih Dark. The system uses precision sensors to detect and measure concentrations of environmental pollutants, including carbon dioxide (CO₂) […]
Wood selected by TotalEnergies to advance Ratawi Field Redevelopment
Wood selected by TotalEnergies to advance Ratawi field redevelopment in Iraq, as part of the Gas Growth Integrated Project Wood, a global leader in consulting and engineering, has been awarded two new engineering and procurement framework agreements worth $11 million by TotalEnergies EP Ratawi Hub as part of the Gas Growth Integrated Project (GGIP), a […]
Chinese-built $374m Iraqi Medical City Breaks Ground
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the execution phase of the Nasiriyah Medical City Project in Dhi Qar Province -- a healthcare complex comprising 13 facilities, including seven hospitals with a combined capacity of 700 beds. Designed to reduce Iraq's reliance on overseas medical treatment, the 132-dunam [13.2-hectare; 33-acre] project will […]
Begins Work on 921MW Nassiriyah Power Plant
By John Lee. Prime Minister Mohammed S. Al-Sudani has laid the foundation stone for the Al-Nasiriyah Combined-Cycle Power Plant Project in Dhi Qar Province. The 921-megawatt facility, powered by natural gas, is being built by Germany's Siemens and Turkish firm Enka on the site of the existing Al-Nasiriyah Steam Power Plant. The project aims to […]
Central Bank of Iraq Launches First Virtual Bank Project
By John Lee. The Central Bank of Iraq (CBI) has announced the launch of the country's first university-based virtual banking project, with the initial phase set to start at Al-Muthanna University. The project was unveiled during the university's comprehensive exhibition, held alongside the 2nd Scientific Conference on "Artificial Intelligence and Labour Market Requirements," organised by […]
Iraqi PM Welcomes New British Ambassador
By John Lee. Prime Minister Mohammed S. Al-Sudani met on Sunday with the newly-appointed British Ambassador to Iraq, Mr. Irfan Siddiq, to discuss bilateral relations and regional developments. Al-Sudani underscored the importance of enhancing cooperation under the Partnership and Cooperation Agreement, signed during his visit to the United Kingdom in January. Both sides stressed the […]