Iraq, UK Partnership on Climate Change and Carbon Economics
By John Lee. Iraq and the United Kingdom have signed a Memorandum of Understanding (MoU) focused on climate change, environmental sustainability, and carbon economics, marking a significant step in bilateral cooperation. The agreement was formalised during Prime Minister Mohammed S. Al-Sudani's meeting with UK Secretary of State for Foreign, Commonwealth and Development Affairs, David Lammy, […]
Stellar Energy discusses Iraq Power Projects with PM
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Stellar Energy's Executive Chairman, Peter Gibson, during his official visit to London to discuss the company's ongoing and future projects in Iraq. The talks focused on Florida-based Stellar Energy's work with the Ministry of Electricity on combined-cycle power plants and gas supply mechanisms, as well […]
Iraq Explores Expanded Collaboration with Technip Energies
By John Lee. During his official visit to London, Iraqi Prime Minister Mohammed S. Al-Sudani met with Fakhri Dhaidan, Vice President of French engineering company Technip Energies, to discuss the company's ongoing and future operations in Iraq. The meeting focused on Technip Energies' consultancy work for the Karbala and Basra refineries and its role in […]
PM to announce $billions in UK-Iraq Projects
By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani has arrived in London on an official visit, during which he will meet His Majesty King Charles III, Prime Minister Keir Starmer, senior officials in the British government and business leaders. Writing in The Telegraph, Prime Minister Al-Sudani emphasised the opportunities for cooperation between the two […]
Iraq to create New State-Owned Bank
By John Lee. The Iraqi Cabinet has approved significant banking reforms, including the establishment of a new, innovative financial institution named Rafidain First Bank [Rafidain Al-Awal Bank]. The new bank aims to lead regional financial markets and provide advanced digital banking services. Key Details: New Bank Creation: Rafidain First Bank will operate as a joint-stock […]
Iraqi to allow Squatters to Buy Property
By John Lee. The Iraqi Council of Ministers (Cabinet) has approved a framework to legalise ownership of municipal land occupied by informal settlers (squatters) before December 10, 2024. The decision includes specific terms to ensure fair and regulated sales under Law No. 21 of 2013. Key provisions: Land Sales: Municipal authorities in Baghdad and other […]
EY Consults on Restructuring of Iraqi State-Owned Banks
By John Lee. Prime Minister Mohammed S. Al-Sudani has chaired a meeting with representatives from Ernst & Young (EY) to discuss the development of state-owned banks, focusing on the restructuring of Al Rafidain Bank and Al-Rasheed Bank. The restructuring plan includes comprehensive technical and administrative reforms aimed at enhancing banking services for citizens and businesses. […]
Iraq Launches National Cybersecurity Centre
By John Lee. Prime Minister and Commander-in-Chief of the Armed Forces Mohammed S. Al-Sudani inaugurated Iraq's Cybersecurity Centre, a key initiative under the Ministry of Interior. During a tour of the facility, Al-Sudani reviewed its operations and received briefings from staff on its national significance. He reaffirmed the government's commitment to strengthening cybersecurity measures, emphasising […]
Iraq and BP discuss Kirkuk Oilfield Development, Gas Utilisation
By John Lee. In a statement from the Ministry, Iraq's Minister of Oil, Hayan Abdul Ghani, noted ongoing negotiations with BP to finalise technical, economic, and contractual aspects of the Kirkuk oilfield development. Senior officials from the Ministry, the North Oil Company (NOC), and BP, including the head of BP Iraq, participated in the talks. […]
Iraq Lays Foundation for Ratawi Gas Project
By John Lee. On Friday, TotalEnergies (45%, operator) and its partners Basra Oil Company (BOC) (30%) and QatarEnergy (25%) launched today the construction works of ArtawiGas25, a first processing facility for the associated gas from the Ratawi [Artawi] field, in the Basra region. This facility, which is part of the Gas Growth Integrated Project (GGIP), […]
Subba Oilfield - Iraq Prioritises Gas Self-Sufficiency
By John Lee. Minister of Oil, Hayan Abdul Ghani, reaffirmed Iraq's commitment to achieving gas self-sufficiency through enhanced gas capture from oil production, development of gas fields, and exploration zones. Speaking at the handover ceremony for the Subba [Sabah, Tuba] Oilfield project, he highlighted its role in boosting oil production and meeting energy demands. The […]
UNDP to Rehabilitate Water Treatment Unit in Tikrit
By John Lee. Nasrin Alyaman General Trading and Transportations has won a contract with the United Nations Development Programme (UNDP) for the "Rehabilitation of Qadisiya Compact Water Treatment Unit in Tikrit." Contract value is stated as $217,675.92. (Source: UNGM)