Germany-Iraq Trade Reaches EUR1.7bn
By John Lee. The German Embassy in Iraq has confirmed that trade between Germany and Iraq reached €1.7 billion in 2024, with a 10% growth in German exports over four years. Roland Westebbe, Deputy Director of the German Embassy Mission in Iraq, stated that Germany aims to expand its trade relations with Iraq, viewing it […]
Iraq, Turkiye Discuss Energy Cooperation and KRI Oil Exports
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss energy cooperation and economic ties. Al-Sudani reiterated Iraq's commitment to collaboration with Turkish companies, particularly in the energy sector, including cross-border electricity interconnection and cooperation on the Strategic Development Road Project. He also […]
Amman Chamber to Open Trade Office in Iraq
By John Lee. The Baghdad Chamber of Commerce has welcomed the Amman Chamber of Commerce's plan to establish a trade office in Baghdad, aimed at strengthening economic and trade cooperation between Iraq and Jordan. During a meeting with Raad Bureij, Vice President of the Baghdad Chamber of Commerce, Amman Chamber President Khalil Al-Haj Toufic emphasized […]
Bazargan Oil Complex Expands Gas Processing Capacity
By John Lee. The Bazargan Oil Complex has announced the establishment of a gas compression unit with a processing capacity of up to 70 million standard cubic feet per day (MMscf), as part of efforts to fully utilize associated gas from Missan's oil fields. Hassan Falahi, head of the gas processing division, told the state-run […]
Iraq Signs Fourth Submarine Cable Agreement with Ooredoo
By John Lee. Iraq's Ministry of Communications has signed an agreement with Qatar's Ooredoo Group for the deployment of the country's fourth submarine cable (FIG) at the Al-Faw landing station. Minister Dr. Hayam Al-Yasiri emphasized the strategic importance of the 24-pair fiber-optic cable, which has a capacity of over 700 terabits and connects seven Gulf […]
Brazil-Iraq Trade Reaches $2bn
By John Lee. Brazilian Ambassador Luis Ivaldo has affirmed his country's commitment to expanding cooperation with Iraq, particularly in industry and agriculture. Speaking to the state-run Iraqi News Agency (INA), he highlighted that bilateral trade reached $1.9 billion in 2024, marking a 48% increase from 2023. Ivaldo emphasized Brazil's readiness to support Iraq in developing […]
Discussions to Upgrade Khor Al-Zubair Port
By John Lee. Iraq's Oil Pipelines Company has held discussions with the General Company for Iraqi Ports to enhance cooperation in developing the Ministry of Oil's berths. The meeting in Basra was led by Ali Abdul Karim Al-Moussawi, Director General of the Pipeline Company, and Dr. Farhan Al-Fartousi, Director General of the Ports Authority. The […]
Half of Iraqi LPG "may actually be Iranian"
By Tomer Raanan for Lloyd's List. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Over half of LPG cargoes claiming Iraqi origin may actually be Iranian LPG carriers' widespread use of manipulated AIS signals to simulate loadings in Iraq means insurers, flags, and other […]
Iraq Accelerates Smart Solar Energy Project Implementation
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a high-level meeting on Sunday to advance the smart solar energy project, with participation from the Minister of Electricity, the National Smart Solutions and Renewable Energy Team, several governors, and prime ministerial advisers. Key discussion points included: Solar energy adoption and smart metering technologies. Private sector […]
Iraq Advances Gas Pipeline Project to Support Power Plants
By John Lee. Iraq's Ministry of Oil is progressing with the implementation of a dry gas pipeline to support power generation, following directives from Deputy Prime Minister for Energy and Oil Minister Hayan Abdul Ghani. Dr. Ezzat Saber Ismail, Deputy Minister for Gas Affairs, along with Ali Ward Hammoud, Director General of the State Company […]
Libya, Iraq consider Agreements to Improve Health Services
From Libya Herald. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Libya and Iraq discussed the possibility of signing bilateral agreements aimed at developing and improving the quality of health services. The full article can be viewed here.
Iraqi Kurdistan faces "Deepening Economic Crisis"
From The Conversation. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan faces a deepening economic crisis as unpaid wages pile up Public sector workers in Iraqi Kurdistan, a semi-autonomous region of northern Iraq, have endured irregular and delayed salary payments for more […]