Genel Energy Trading and Ops Update
By John Lee. Genel Energy has issued its trading and operations update relating to Q1 2026: Full statement from Genel Energy: Trading and operations update Q1 2026 Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update relating to Q1 2026, ahead of the Company's Annual General Meeting, which is being […]
New Oil Discovery at Qurnain Exploration Block
By John Lee. A new hydrocarbon discovery has been made at the Qurnain exploration block in southwest Iraq, marking the first oil find at any block awarded under the fifth supplementary and sixth licensing rounds. The discovery was confirmed following the drilling of exploratory well Shams-11, which began on 10th January 2026. A potential hydrocarbon […]
Excelerate Energy: "Iraq Project Fundamentals Remain Unchanged"
By John Lee. US-based Excelerate Energy has reported its financial results for the first quarter ended 31st March, 2026. Regarding its operations in Iraq, the company said: "In October 2025, Excelerate executed a definitive commercial agreement with a subsidiary of Iraq's Ministry of Electricity for the development of the country's first LNG import terminal. The […]
Maysan Refinery Capacity to Rise to 110,000 bpd
By John Lee. According to the Ministry of Oil, construction work on a new refinery unit at the Missan [Maysan] refinery is entering its final stages, with commissioning expected within days. The new unit will add a processing capacity of 70,000 barrels per day (bpd), bringing the refinery's total capacity to 110,000 bpd. The project […]
Basra-Haditha Crude Pipeline: Pipes May Be Imported
By John Lee. Iraq's Council of Ministers has amended Decision No. 1008 of 2024, which concerns the construction of the Basra-Haditha pipeline. According to a statement from the Prime Minister's Office, the amendment permits the General Company for Iron and Steel, part of the Ministry of Industry and Minerals, to adopt an external manufacturing route […]
Parliamentary Investment Cmte Meets Iraqi President
By John Lee. President Nzar Amedi received a delegation from the parliamentary Investment and Development Committee at the Palace of Peace in Baghdad on Wednesday. According to the Media Department of the Iraqi Presidency, the meeting covered two main areas: Ways to improve Iraq's investment environment, with the President stressing the importance of supporting economic […]
Tabaqchali: Market Continues to Rally, Boosted by Humongous Dividends
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Continues to Rally, Boosted by Humongous Dividends The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was up 5.0% for […]
Iraq "Offers Steep Oil Price Cuts" to Lure Buyers via Hormuz
From Baird Maritime. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Offers Steep Oil Price Cuts to Lure Buyers into Strait of Hormuz Iraq has offered term buyers May-loading Basrah crude at steep discounts for loading inside the Strait of Hormuz, which has […]
Iraq Revises Wheat Pricing for New Agricultural Season
By John Lee. Iraq's Council of Ministers has approved revised purchase prices for wheat and a procurement plan for high-grade seeds for the 2025-2026 agricultural season, according to an official government statement. The approved wheat purchase prices are as follows: IQD 700,000 per tonne (approximately USD 534) for quantities within the agricultural plan IQD 500,000 […]
Commission Reports 181 Anti-Corruption Ops in February
By John Lee. The Iraqi Commission of Integrity has published statistics showing that its directorates and investigation offices conducted 181 operations across Iraq in February 2026, resulting in the apprehension of 168 suspects. The figures, broken down by governorate, are as follows: Kirkuk: 20 total operations, 9 apprehension operations, 9 suspects detained, 11 priority operations […]
Iraqi Kurdistan's New US Consulate
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraqi Kurdistan's new US consulate project strength or invite strikes? Amid much fanfare last December, Kurdistan Regional Government (KRG) officials inaugurated a new US consulate in the semi-autonomous region's capital Erbil. This […]
Social Safety Net pilot launched in Iraqi Kurdistan
From UNICEF. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Launch of Inclusive Social Safety Net pilot in the Kurdistan Region of Iraq Under the leadership of the Ministry of Labour and Social Affairs of the Kurdistan Regional of Government, UNHCR, UNICEF and the […]