Iraq to Increase Gas Production at Siba
By John Lee. Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil has announced plans to increase gas production from the Siba Gas Field in Basra to 100 million cubic feet per day. Currently, the field produces 50-60 million cubic feet daily, and the goal is to double that output. During a recent […]
PM Sudani Chairs Meeting on Unified Treasury Account
By John Lee. Iraq's Prime Minister, Mr. Mohamed Shiaa Al-Sudani, led a meeting on Sunday to discuss the completion of the Unified Treasury Account and monitor the electronic payment system, including electronic card payments (POS). The meeting included the Finance Minister, Central Bank Governor, the head of the Federal Financial Control Bureau, advisors, and directors […]
Profile: The Islamic Resistance of Iraq
By Hamdi Malik and Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Profile: The Islamic Resistance of Iraq The Telegram brand that emerged in October 2023 is not a group per se, new or […]
Rumaila Oilfield to Reach 1.4m bpd by Year-End
By John Lee. State-run Iraqi News Agency (INA) has reported that the management of Rumaila oil field in Basra has announced plans to increase its daily production capacity to 1.4 million barrels by the end of this year. It quotes Emad Hasan Lafta, the operations director of the field, as saying that the current daily […]
Iraqi Revives 25 Long-Stalled Water Projects
By John Lee. The Iraqi Ministry of Water Resources has announced that it will resume 25 projects that have remained inactive for the past decade. The Ministry also disclosed the withdrawal of the Eastern Jazeera Irrigation Project from two companies with a history of delays. Khalid Shamal, the Ministry's spokesperson, informed the state-run Iraqi News […]
Iraq to Increase Oil Exports to China
By John Lee. In its 42nd regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet agreed to increase oil exports to China. In a statement, the cabiniet said the move was to support essential and strategic projects, in alignment with the Iraq-China Framework Agreement. As a result, oil exports to China will […]
Completion of Seismic Surveys in Al-Najaf's Haifa Site
By John Lee. The Iraqi Oil Exploration Company recently marked the successful completion of seismic surveys for the two-dimensional Haifa program in the Al-Najaf province. According to the Ministry of Oil, the surveys, conducted by the company, covered extensive areas within record time. This initiative aligns with the Ministry of Oil's plan to conduct seismic […]
US Advises Citizens Not to Travel to Iraq
By John Lee. The US State Department has said that US citizens should not travel to Iraq. The announcement on Sunday followed recent attacks on Americans in the region. Full statement from US State Department: Updated to reflect the ordered departure of non-emergency U.S. government personnel and eligible family members. Do not travel to Iraq […]
Officials Inspect Rehabilitation Projects at Baiji Refinery
By John Lee. A government delegation, led by the Prime Minister's Energy Advisor, Mr. Faiad Hassan Naima, and the Deputy Minister of Oil for Refining Affairs, Mr. Hameed Younis, visited the Baiji Northern Refinery on Thursday, October 19, 2023. The purpose of this visit was to assess the progress of the rehabilitation and reconstruction project […]
Developing Iraqi Private Sector's Green Economy
The Italian Agency for Development Cooperation (AICS) is funding a project implemented by the ILO in Iraq's Governorate of Al Muthana to enhance support for private sector development and decent work creation, with a focus on supporting young people to pursue sustainable green businesses and start-ups in Southern Iraq. The ILO held meetings with partners […]
Trelleborg supplying Sealing Systems for Iraq Tunnel Project
By John Lee. Dubai-based Trelleborg Marine and Infrastructure has reportedly supplying sealing systems to South Korea's Daewoo Engineering & Construction (Daewoo E&C) for the Khor Al Zubair Immersed Tunnel project. According to the company, this is currently the largest immersed tunnel being constructed in the Middle East. It says that Trelleborg's portfolio of sealing systems […]
IDC Completes New Oil Well at Al-Zubair Oil Field
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of the new oil well at Zubair oil field in Basra. Well Zubair/607 was drilled to a depth of 3,533 meters in 36 days. This achievement is part of a contract with the Italian company ENI to drill 37 oil wells at […]