Increased Capacity at Iraqi Refineries
By John Lee. Oil Minister Hayyan Abdul Ghani commended the recent achievements in the refining sector during his visit to the Midland Refineries Company (MRC) on May 21, 2024. Accompanied by Deputy Minister for Distribution Affairs Ali Maarij, Abdul Ghani acknowledged the ministry and companies' efforts in adding 360,000 barrels per day of refining capacity […]
Iraq Britain Business Council (IBBC) welcomes New Member
By John Lee. The Iraq Britain Business Council (IBBC) has announced the addition of MHDInternational to its network. According to a statement from IBBC: "MHDInternational, an engineering consultancy with operations throughout UK and the Middle East, joins IBBC in our mission to promote sustainable development and economic growth in Iraq ... "MHDInternational is also introducing […]
Biden extends Iraq National Emergency Declaration
By John Lee. US President Joe Biden has continued the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303 for 1 year. The order had been due to expire on 22nd May 2024. Full statement from The White House: On May 22, 2003, by Executive Order 13303, the President declared […]
Jiyad: Disappointment at Latest Energy Licensing Round
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Latest Combined Licensing Round- Disappointment for Al-Sudani Government and a Huge Economic Burden Absolutely Unjustified For three consecutive days (May 11-13), the Ministry of Oil (MoO) organized the "Fifth Plus" and […]
Biznis Intel "Dismisses Director" at Baghdad Int'l Airport
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Biznis Intel dismisses director amid corruption scandal at Baghdad International Airport Biznis Intel, the company responsible for securing all facilities at Baghdad International Airport, has announced the dismissal of its authorized director ... Click […]
Fly Erbil to launch Erbil-London Route
By John Lee. Fly Erbil has said it is planning to launch direct flights between Erbil and London from 31st May. Initially there will be one flight per week (Friday), with plans to increase later to two flights per week. The flight between Erbil and London has a two-hour stopover at Plovdiv International Airport (PDV) […]
HRW: Repeal Anti-LGBT Law
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. Iraq: Repeal Anti-LGBT Law The Iraqi government should immediately reverse the recently passed law that punishes same-sex conduct and transgender expression with imprisonment, Human Rights Watch said today. The law violates […]
Najaf-Karbala Rail Tender Extended; Only 1 Bid Received
By John Lee. The Iraqi Cabinet has decided to extend the tendering period for the Najaf-Karbala train project by an additional month. According to a statement from the Prime Minister's office, the extension was agreed in the hope of attracting more bids, and to "ensure competition beyond the single offer currently received." (Source: PMO)
Iraq to launch National Entrepreneurship Competition
By John Lee. Prime Minister Mohammed Shia' Al-Sudani chaired the fifth meeting of the Supreme Council for Youth, discussing and approving several initiatives: The Council launched the National Entrepreneurship Competition, in collaboration with the Riyada initiative, to support 100 youth-led entrepreneurial projects with loans up to 100 million dinars [$76,00] each. Additionally, the Council approved […]
Chinese/Iraqi JV to Develop Mansuriyah Gas Field
By John Lee. Iraq's Middle Oil Company [Midland Oil Company] has signed a preliminary agreement with a joint venture consisting of the Chinese company Jereh and Petro Iraq to develop the Mansuriyah gas field. Deputy Minister for Extraction Affairs, Bassem Mohammed Khudair, stated that this contract is part of the Ministry of Oil's efforts to […]
More details of Oliver Wyman Iraq Contract
By John Lee. The Director-General of Iraq's General Company for Railways has given more details about the role of the consultancy firm Oliver Wyman in the Development Road project. Younis Al-Kaabi told the state-run Iraqi News Agency (INA) that the consultation period is limited to 9 months, with the company to provide: A summary of […]
Dr Amet Selman's keynote speech to Fertilizer Association
From the Iraq Britain Business Council (IBBC): Dr Amet Selman's keynote speech to IFA (International fertilizer association) in Singapore. Dr Amet Selman's keynote speech to IFA (International Fertilizer Association) in Singapore. Nourishing the Planet, Powering the Future- aligning agribusiness with global trends. Ahead of his keynote speech to the IFA at their global conference in […]