"Very Competitive Terms" - BP sees Kirkuk Oil Field Deal by Feb
By John Lee. British oil major BP aims to finalise an agreement to develop Iraq's Kirkuk oil field by February, CEO Murray Auchincloss (pictured) announced at the Energy Intelligence Forum. The memorandum of understanding (MOU) signed in August with Iraq's Oil Minister covers redeveloping the 20-billion-barrel field and adjacent sites, including gas, solar, and exploration […]
$2.5bn 'Heist of the Century': Iraqi Officials Sentenced
By John Lee. Karkh Criminal Court in Baghdad has sentenced three defendents in the "tax deposit" scandal, often referred to as the "heist of the century." The case involves the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank. According to a brief statement from […]
Iraq Signs MoUs for Tourism Development
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Bandar bin Fahd Al-Fuhaid, President of the Arab Tourism Organization (ATO), to discuss strategies for advancing Iraq's tourism sector. The meeting culminated in the signing of two Memoranda of Understanding (MoUs) with the Ministry of Culture, Tourism, and Antiquities and the International Development Bank for […]
Iraq Restructures Airport Management Function
By John Lee. As part of its oversight of airport and air navigation management and services, Iraq's Council of Ministers has approved the following: Separating the management of Iraqi airports from the State Company for Airports and Air Navigation and affiliating them with the Ministry of Transportation, to be under the level of a directorate […]
Turkiye to spend $19.9bn on Development Road Project
By John Lee. Turkish Transport Minister Abdulkadir Uraloglu (pictured) has reportedly said that the Turkish leg of the Development Road Project, connecting Asia and Europe through Turkey and Iraq, will cost $19.9 billion. Anadolu Agency quotes him as saying that the railway component will amount to $17.9 billion, and involve the construction of 1,028 miles […]
Iraq Selects Vodafone for 5G National Telecom Licence
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced the Cabinet's approval of British multinational Vodafone as the operator for the national 5G mobile licence. The decision follows recommendations from the Ministry's negotiation team. The Ministry will formally notify Vodafone to begin negotiations on a memorandum of understanding, outlining preparatory steps for project […]
Iraq Blocks IMDb Movie Database for "Inappropriate Content"
By John Lee. Iraq's Ministry of Communications has confirmed the decision to block access to the IMDb movie database, citing what it says is its promotion of "inappropriate and unethical" content. Nabil Abdul Baqi, General Manager of the Al-Salam State Company [Peace Company], a government body under the control of the Communications Ministry, stated that […]
Iraq announces Oil Exports for October
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for October, 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: 103,145,225 barrels. Exports from the oil fields in […]
US Firm to ship Rice to Iraq
By John Lee. Archer Daniels Midland (ADM) will reportedly sell 44,000 metric tons of U.S. long grain rice to Iraq. According to FarmProgress.com, the product is expected to be shipped in January. More here. (Source: FarmProgress.com)
Deep Dive: Inside Iraq's Population-Guessing Game
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Inside Iraq's population-guessing game After a two-day nationwide curfew, Iraq's long-delayed and much anticipated census has now concluded and early results are in. The first for the country in nearly three […]
The Trump Administration and Iraq: What Comes Next?
By Michael Knights, for the French Research Center on Iraq (CFRI). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Trump Administration and Iraq: What Comes Next? The re-election of Donald Trump probably signals the commencement of a more assertive U.S. effort versus Iranian […]
Russian Ministers discuss Energy and AI with Iraqi PM
By John Lee. A high-level Russian delegation visited Iraq today (Tuesday), meeting with Prime Minister Mohammed S. Al-Sudani. Delegates included: Alexander Novak, Russian Deputy Prime Minister; Sergei Tsivilev, Russian Energy Minister; Mikhail Bogdanov, Russian Presidential Envoy to the Middle East and North Africa; Pavel Sorokin, Russia's First Deputy Minister of Energy. Discussions focussed on, "energy, […]