PPL receives $6m from Iraq's Midland Oil Company
By John Lee. Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V. (PPL Asia), has received a payment of $6 million from Iraq's state-owned Midland [Middle] Oil Company (MdOC), in relation to the conclusion of its Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in in the Diyala and Wasit […]
ISC Highlights Growth of Iraqi Stock Exchange
By John Lee. The Iraqi Securities Commission (ISC) has published its main financial and economic indicators for 2024, highlighting significant growth in the performance of the Iraqi stock market. It said in a statement that the report reflects increased confidence in the market's role in supporting the national economy. Overview of Listed Securities Total Listed […]
Iraq Approves New Foreign Remittance Service
By John Lee. Turkiye's Global Odeme Hizmetleri (Get Money Global) has been approved to provide foreign remittance services in Iraq within a credit agreement involving Western Union and MoneyGram. The announcement was made by the Central Bank of Iraq (CBI) and confirmed by Global Odeme Hizmetleri. (Sources: CBI, Global Odeme Hizmetleri)
Tabaqchali on Kurdistan's Share of the Iraqi Budget
By Ahmed Tabaqchali for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Kurdistan's share of the 2024 Iraqi budget: More than meets the eye The KRI's share of the budget has always been more than meets the eye, a share […]
UN to provide Sports Facilities in Mosul
By John Lee. Baher Alshamal Co. Ltd. has won a contract with the United Nations Secretariat for the "Construction of multi-purpose sports court in Japan Village Project, Rajm Hadeed Neighborhood, Mosul City, Nineveh." Contract value is stated as $70,230. (Source: UNGM)
Foundations Laid for West Qurna 1 Ops Centre
By John Lee. Iraq's Ministry of Oil celebrated the groundbreaking of the West Qurna 1 Field Operations Center (Phase 1) and inaugurated several service projects in Al-Sadiq District, Basra Province. The initiatives were carried out by the Basra Oil Company (BOC) in collaboration with PetroChina, the operator of the West Qurna 1 field. The new […]
Calls to Revive Iraq-Syria Oil Pipeline
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assad's fall spurs calls to revive Iraq-Syria oil pipeline The overthrow of the former Syrian president, Bashar Al-Assad, has brought calls for the revival of the now-defunct […]
Contract Awarded for New Houses in Fallujah
By John Lee. Al-Fityan Company For General Contracts Ltd has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of 36 housing units in Fallujah district Anbar." Contract value is stated as $961,900. (Source: UNGM)
New Housing Complex opens in Baiji
By John Lee. Prime Minister Mohammed S. Al-Sudani inaugurated the City of Refineries Housing Complex in Baiji District, Salah al-Din Province, on Thursday. The complex includes 1,178 residential units that have been rebuilt after being destroyed by ISIS terrorist groups. The Prime Minister said the city has been fully restored with complete services and infrastructure, […]
Contract Awarded for New Houses in Sinjar
By John Lee. Baher Alshamal Co. Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of 30 housing units in Sinjar (Hardan and Dahoula villages) [Ninewa]." Contract value is stated as $794,313. (Source: UNGM)
Iraqi Marshland Drought: Existence on the Edge of Extinction
By Azhar Al-Ruabie, for The Telegraph. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi marshland drought: Climate change pushes existence to the edge of extinction Storied marshlands thought by some to be the original Garden of Eden could see conflict over water, activists […]
New Oil Projects in Baiji District
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has inaugurated several oil sector projects in Baiji District, Salah al-Din Province, on Thursday: The fourth and fifth oil refining units at Al-Siniyah Refinery in Salah al-Din Province, each with a capacity of 10,000 barrels per day, increasing the oil refinery's total capacity to 50,000 barrels […]