Gulf Keystone shares rise on Full-Year Results
By John Lee. Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. Shares were trading up more than two percent at lunchtime. Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "2024 was a year of strong operational and financial delivery for Gulf Keystone. We have sustained our […]
Chinese Firm Wins Iraq Gas Pipeline Project
By John Lee. Iraq's Council of Ministers has endorsed the Joint Management Committee's decision on Artawi [Ratawi] oil field, awarding the contract for crude gas pipelines to China Petroleum Pipeline Engineering (CPP), with part of the work assigned to the State Company for Oil Projects (SCOP). The pipelines will run from the Majnoon, West Qurna-2, […]
Italian-Turkish consortium to build Iraq Offshore Pipeline
By John Lee. Iraq's Council of Ministers has approved the awarding of the Third Offshore Pipeline Completion Project tender to an Italian-Turkish consortium. Italy's Micoperi and Turkiye's ESTA Construction will be given 757 days to complete the project. Micoperi describes itself as a leading contractor in the oil and gas offshore business for more 70 […]
Iraq Launches $14m Infrastructure Projects in Sinjar, Nineveh
By John Lee. Iraq's Prime Minister Mohammed S. Al-Sudani has announced the launch of 14 infrastructure and rehabilitation projects in Sinjar and the Nineveh Plains, with a total budget of 18 billion IQD [$13.7 million]. These projects aim to rebuild roads and key infrastructure, supporting the return of internally displaced persons (IDPs). Funded by the […]
Qi Wins Award for Optimising Customer Service
By John Lee. Qi won the LEAP Genesys Award after partnering with Customer Experience Ltd, the implementation partner of US-based Genesys Cloud CX. The agreement integrates AI-powered Genesys Cloud CX into Qi's customer care system, enhancing customer service and employee engagement. The signing ceremony took place in Dubai Media City, with Qi CEO Ali Muneam […]
Iraq interested in joining International Solar Alliance
By John Lee. The Iraqi Prime Minister has expressed Iraq's interest in joining the International Solar Alliance (ISA). Mohammed S. Al-Sudani made the comment in a statement following a meeting with India's newly appointed Ambassador to Iraq, Sumin Baghchi. The ISA, headquartered in India, describes itself as a collaborative initiative between India and France aimed […]
British Firm to supply Date Palms to Iraq
By John Lee. Iraq's Council of Ministers authorised the Ministry of Agriculture to contract with Date Palm Developments Ltd (DPD) to supply 20,000 tissue-cultured palm seedlings as part of the National Program for Date Palm Rehabilitation and Seedling Propagation in Iraq for 2024. The council also exempted it from government contracting and budget execution regulations. […]
Spanish Fashion Chain to Open First Stores in Iraq
By John Lee. Spanish fashion retail chain Inditex has said it will launch its first stores in Iraq this year. The announcement in the Group's FY 2024 results is part of a general worldwide expansion. Inditex did not specify which brands will be introduced to Iraq, but the group includes Zara, Bershka, Massimo Dutti, Oysho, […]
Iraq PM pushes Iraq-India Business Council
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with India's newly appointed Ambassador to Iraq, Sumin Baghchi, to discuss bilateral relations and economic collaboration. Al-Sudani emphasized Iraq's commitment to strengthening ties with India, proposing the establishment of an Iraq-India Economic Cooperation Council and the activation of the Iraq-India Business Council. He also invited […]
Genel Energy: Tawke delivering "Significant Cash Generation"
Genel Energy has announced its audited results for the year ended 31 December 2024. Paul Weir, Chief Executive of Genel, said: "In 2024, we demonstrated further progress on our journey of building towards delivering resilient, diversified cash flows. Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in […]
Iraq Achieves Self-Sufficiency in Seven Crops
By John Lee. The Iraqi Ministry of Agriculture has reportedly said that the country has achieved self-sufficiency in seven crops and is exporting 13 crops internationally. Ministry spokesperson Mohammed al-Khuzai told state-run Iraqi News Agency (INA) that, despite water shortages, Iraq is expanding its agricultural plans by cultivating desert lands, relying on well water, and […]
Illegal Tap on Crude Pipeline in Baghdad is Removed
By John Lee. The Iraqi Oil Pipeline Company has successfully removed an illegal tap on a 16-inch crude oil pipeline in the Nahrawan area, east of Baghdad. Company Director General Ali Abdul Karim al-Moussawi said that technical teams detected the breach, which involved a deliberate puncture connected to valves and a 100-meter plastic pipe for […]