Sunni MPs stall new Iraqi Law on Ba'ath-era Land Transfers
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sunni MPs stall new Iraqi law on Ba'ath-era land transfers Iraq's parliament has once again delayed a vote on a proposed property restitution law that has sparked contention. First introduced in April, the […]
US Jury Awards $42m to 3 Iraqis Abused at Abu Ghraib Prison
From Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US Jury Awards $42 Million to 3 Iraqis Abused at Abu Ghraib Prison A federal jury in the US state of Virginia found defense contractor CACI Premier Technology, Inc. legally responsible […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 14th Nov 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 2,240.9 1.3% 44.2% RSISX USD Index […]
Baghdad Discusses Resuming Oil Exports from Iraqi Kurdistan
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has met with members of the Parliamentary Finance Committee, led by Chairman Atwan Al-Atwani, to discuss resuming oil exports from the Kurdistan region via the Iraq-Turkey Pipeline (ITP) and the Turkish port of Ceyhan. The meeting focused on strengthening cooperation between the Ministry of Oil and […]
KBR begins Feasibility Study for giant Iraqi Petrochemicals Project
By John Lee. The Iraqi Ministry of Planning, in collaboration with the Ministries of Oil and Industry and Minerals, has launched a feasibility study for the strategic Al-Nibras [Nebras] Petrochemicals Project in Basra. Consultancy firm KBR has been appointed to conduct a comprehensive technical and economic review to map an optimal implementation path, building on […]
New Weekly Shipping Service between UAE and Iraq
By John Lee. Singapore-based Pacific International Lines (PIL) is launching a new weekly feeder service between Jebel Ali in UAE and Umm Qasr in Iraq, with the aim of strengthening its coverage and connectivity in the Middle East. Known as the Iraq Feeder Service (IQF), the company says the new route will complement PIL's flagship […]
Iraq Private Sector Development Council holds Election
By John Lee. Iraq's Ministry of Planning has held an election conference to select members of the Permanent Council for Private Sector Development. Minister of Planning, Dr. Muhammad Ali Tamim, highlighted the years of collaborative efforts that led to the council's formation, emphasizing its role in decision-making and as a fundamental partner in economic development. […]
IDC Completes Four Wells in Zubair Oil Field
By John Lee. The Iraqi Drilling Company (IDC) has successfully drilled and rehabilitated four new oil wells in the Zubair oil field in Basra. The Deputy Director General of the company, Kazim Habash Khalif, said technical teams completed the drilling of a 3,598-meter well for the Zubair Field Operating Authority, boosting field production capacity. Three […]
Iraq to upgrade Diplomatic Relations with Turkmenistan
By John Lee. Iraq's Council of Ministers has approved a recommendation from the Ministry of Foreign Affairs to establish ambassador-level diplomatic relations with Turkmenistan. The move comes after recent cabinet approval of a plan to import gas from Turkmenistan, via a swap arrangement with Iran. (Source: PMO)
Genel Energy shares rise on Strong Balance Sheet
By John Lee. Shares in Genel Energy closed up over 6 percent on Tuesday, after the company said it, "continued optimising cash flows, evolving our capital structure and originating and maturing opportunities to acquire new assets that add reserves and diversify our cash generation geographically." In its trading and operations update for the third quarter […]
NGC updates on Gas Production in Kirkuk
By John Lee. The Deputy Minister of Oil for Gas Affairs, Mr. Ezzat Saber Ismail, announced that North Gas Company's investment in associated gas has reached 410 million standard cubic feet (MMSCF). During his field supervision of scheduled maintenance at the NGC facilities in Kirkuk, Mr. Ismail said the company is producing around 410 MMSCF […]
BOC opens New Fuel Depot at West Qurna 1
By John Lee. Basra Oil Company (BOC) has opened the first phase of a new fuel depot at the West Qurna 1 field. The depot, with a storage capacity of 800,000 liters, was opened by Mr. Asaad Aboud, Director of the West Qurna 1 Field Operations. Mr. Aboud explained that the current storage capacity of […]