Iraq issues Arrest Warrant for Donald Trump

By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi judge issues arrest warrant for Donald Trump over Soleimani killing The charge of premeditated murder carries a death sentence under Iraqi law but is not likely to be enforced. Click […]

Happy New Year from all at Iraq Business News!

As we publish our first newsletter of the new year, we'd like to say a special word of thanks to all of our contributors, including our panel of Expert Bloggers, who have given us the benefit of their wisdom and observations over the past twelve months: Ahmed Mousa Jiyad Ahmed Tabaqchali (AFC Iraq Fund) Alice […]

Iraq signs $2bn Oil Deal with Chinese Firm

By John Lee. Iraq has reportedly awarded a Chinese company a deal which would see it paying $2 billion upfront for a year's supply of oil. Alaa al-Yasiri, General Manager of State Oil Marketing Organization (SOMO) told Iraqi News Agency (INA) that a Chinese company had won the contract ahead of a European company, but […]

IOC buys its First Cargo of "Basra Medium" Oil

By John Lee. The Indian Oil Corporation (IOC) has reportedly loaded its first cargo of Iraq's new "Basra Medium" crude grade. According to the Financial Post, the ship is expected to arrive at Chennai port for IOC's subsidiary Chennai Petroleum Corp (CPCL) around 14th January. More here. (Source: Financial Post)

ShaMaran achieves 40m Barrels Production at Atrush

ShaMaran Petroleum has announced that the January 2021 interest payment due on its 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) has been timely made to all Bondholders. In addition, ShaMaran said the Atrush field total cumulative crude oil production has exceeded 40 million barrels. The Atrush field is located 85 km northwest of […]

UAE Firm to supply Drones to UNMAS Iraq

By John Lee. UAE-based Intertech FZC has won a contract with the United Nations Office for Project Services (UNOPS) for the supply of drones for UNMAS Iraq The contract is valued at $39,200. (Source: UNGM)

Jordan "negotiating New Oil Contract with Iraq"

By John Lee. Iraq's State Oil Marketing Organization (SOMO) has reportedly said that Jordan is negotiating with Iraq to resume purchases of crude oil. Shafaq News Agency quotes the company's Director, Alaa al-Yasiri, as saying that Iraq exported no crude oil to Jordan in December due to the expiration of the old contract. More here. […]

Iraq to Participate in Buna Payment Platform

By John Lee. The Central Bank of Iraq (CBI) has reportedly announced its participation in the Arab Monetary Fund's Buna payment platform. The AMF describes Buna as a multi-currency payment platform, providing clearing and settlement services, in Arab and international currencies. More here and here. (Sources: Shafaq News Agency, AMF)

Peter Hunt MBE

By Padraig O'Hannelly. It is with great sorrow that we report the passing of our dear friend Peter Hunt MBE. A founding member of the Iraq Britain Business Council (IBBC), Peter was well known for his knowledge and love of Iraq, its history, people and culture. He was so passionate about rebuilding the country and […]