Rumaila Oil Production Down following Fire
By John Lee. Oil output at Iraq's Rumaila oilfield is reportedly down by 300,000 barrels-per-day (bpd) following a fire last week. The fire is said to have occurred in a decommissioned storage tank at the field's fifth gas separation station (DS5) in northern Rumaila. It was not reported when the field is expected to be […]
Surge in Int'l Investment in Iraqi Strategic Transport Projects
By John Lee. The Iraqi Ministry of Transport has announced increased interest from international companies in investing in Iraq's strategic transport initiatives. Aided by improved investment conditions and government policies, 2025 is expected to see exceptional foreign direct investment activity, according to the Ministry. Key opportunities include the Grand Faw Port project, with 11 shortlisted […]
Iraqi Cement Company Achieves 7% Growth, Plans Expansion
By John Lee. The Iraqi Cement Company, part of the Ministry of Industry and Minerals, has announced a total production of 10.2 million tonnes of cement in 2024, marking a 7% increase compared to 2023. General Manager Aqeel Abdul Ali Raddam attributed this growth to successful strategies for improving productivity and efficiency to meet rising […]
Saudi Cafe Chain Opens First Branch in Iraq
By John Lee. Saudi Arabia cafe chain Kyan Café has opened its first branch in Iraq. The outlet in Basra will initially open from 2:00pm until midnight, but has plans to extend this to 24 hours. It is Kyan's 356th store worldwide. (Source: Kyan Café)
IEA: Iraq makes "Slow but Steady Progress" on Gas Flaring
By John Lee. The International Energy Agency (IEA) has issued its Gas Market Report, Q1-2025, in which it describes Iraq's progress towards reducing gas flaring as, "slow but steady." It says: "In the Middle East the role of natural gas in the power sector has been increasing in the past decade and oil-to-gas switching continued […]
Erbil Citadel Renovation "to Be Accelerated"
By John Lee. The Kurdistan Regional Government (KRG) has given an update on the renovation of Erbil Citadel. The 6,000-year-old site was designated a World Heritage Site by UNESCO in June 2014. One of the oldest continuously inhabited settlements, with over 6,000 years of history. Covers 110,000 square meters. Includes 506 houses. Completed Work: Stone […]
Iraqi PM Receives Chairman of Arab Monetary Fund
By John Lee. Prime Minister Mohammed S. Al-Sudani met this week with Fahd bin Mohammed Al-Turki, Chairman of the Arab Monetary Fund, to discuss closer collaboration. Strategic Partnership and Support: Iraq is committed to supporting the Arab Monetary Fund's activities, emphasizing its role as a founding member and major contributor to the Fund. Development Goals: […]
Laboratories Opened at Al-Hussein Teaching Hospital
By John Lee. Under the supervision of Minister of Health Dr. Saleh Mahdi Al-Hasnawi, Dr. Mazen Al-Akeeli, the Director General of Al-Muthanna Health Directorate, inaugurated the laboratories of the private wing at Al-Hussein Teaching Hospital this week. The event was attended by Deputy Director General Dr. Aws Al-Hamdani, Private Wings Director Dr. Sayyed Fadel Awafi, […]
How Iraq is Delivering Innovation through its Leading Businesses
From the Iraq Britain Business Council (IBBC): How Iraq is delivering innovation through its leading businesses Iraq is stable, its economy is expanding and diversifying to meet the needs of the people. IBBC have been asked by the Iraq Prime Minster, Mr Al Sudani, to hold a Baghdad conference on Innovation. Following a successful visit […]
GKP: Near-Term Local Sales Outlook "Strong"
By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed the day down 5 percent on Thursday following the company's Operational and Corporate Update. The company announced increased production, sales and cash balances, and described the near-term local sales outlook as "strong." Full statement from the company: Gulf Keystone, a leading independent operator and producer […]
Integrity Commission to Expedite Investigation into Pipeline Contract
By John Lee. Prime Minister Mohammed S. Al-Sudani has instructed the Federal Commission of Integrity to expedite its investigation into irregularities in the awarding of a pipeline project related to light petroleum product disposal outside Karbala Refinery. According to the Prime Minister's office, the project was assigned to a non-specialised intermediary company, leading to delays, […]
Iraq announces Oil Exports for December
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for December, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 101,024,596 barrels. Exports from the oil fields in […]