Iraqi Oil Revenues Up Again in August
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for August: Total exports of crude oil: 106,122,874 barrels Revenues from crude oil exports: $8.846 billion Oil fields in central and southern Iraq accounted for 105,236,963 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
Iraq Approves Final Settlement with ExxonMobil
By John Lee. The Iraqi Ministry of Oil has received approval from the Ministerial Energy Council (Recommendation 23067/T) for a final settlement with ExxonMobil. This settlement, known as the "Settlement Agreement," resolves longstanding disputes arising from the service contract for the West Qurna oilfield project between Basra Oil Company (BOC) and US-based oil giant. The […]
Iran's Exports to Iraq Up 18.5%
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran's Exports to Iraq to Hit $12 Billion by Yearend: Secretary General Iran's exports to Iraq in the first five months of the current Iranian calendar year rose by […]
Work Starts on Iran-Iraq Rail Link
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani laid the foundation stone for the new rail link between Basra and the Iranian city of Shalamcheh (Shalamjah) on Saturday. This project aims to facilitate the movement of pilgrims and passengers between Iraq and Iran. The ceremony was attended by Iran's First Vice President, Mohammad Mokhber. […]
Iraq-China Trade tops $48bn in 2022
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-China trade volume tops $48bn in 2022 The trade volume between Iraq and China exceeded $48 billion in 2022, as the two countries are trying to cement commercial ties in all sectors. The remarks […]
Saudi Airline announces Jeddah to Baghdad Route
By John Lee. Saudi Arabian budget airline Flynas has announced that it will resume its direct flights to Iraq. Starting on Friday 1st September, the company will operate three direct flights every week between Jeddah to Baghdad. Flynas, formerly called Nas Air, was founded in Riyadh in 2007. (Source: Flynas)
Iraqi Ministry of Electricity and Linxon Discuss Opportunities
By John Lee. In a meeting on Wednesday, Iraq's Minister of Electricity, Engineer Ziad Ali Fadel, met with the CEO of "Hitachi Linxon International" (sic) and accompanying delegation to discuss the synchronization of various projects completed by the Ministry in multiple provinces through their collaborative partnership. Minister Fadel emphasized the importance of collaborations and agreements […]
Erbil Firm to Monitor Water in Community Boreholes
By John Lee. The United Nations Children's Fund (UNICEF) has awarded Erbil-based TWEKL Company for Information Technology a contract for the establishment of smart water monitoring systems in community boreholes in Erbil Governorate. The contract value is $112,000. (Source: UNGM)
IOCs in Iraqi Kurdistan insist on Visibility on Payments
By John Lee. An industry group representing international oil companies (IOCs) in Iraqi Kurdistan has said that, even if the Iraq-Turkey Pipeline (ITP) is reopened, its members will not produce oil until it is clear how they will be paid. While welcoming recent discussions between Iraq and Turkey on the possible reopening of the line, […]
UNESCO awards Survey Contract in Mosul
By John Lee. The United Nations Educational, Scientific and Cultural Organization (UNESCO) has awarded Erbil-based Optimum Analysis LLC a contract to carry out a labour market skill survey in Mosul. The contract value is $26,630. (Source: UNGM)
Shanghai Electric eyes further Projects in Iraq
By John Lee. Ministry's Deputy for Transport and Distribution Meets Shanghai Corporation, Highlights Successful Collaboration and Government Programs The Deputy Minister for Transport and Distribution, Nizar Qahtan Al-Tamimi, representating Minister of Electricity Ziad Ali Fadel, led a meeting this week with Shanghai Electric. The meeting aimed to further strengthen strategic partnerships, aligning with government programs […]
Successful Conclusion of Recovery Programme in Western Ninewa
UN-Habitat Iraq Marks Successful Conclusion of EU-funded "Support for Urban Recovery and Peacebuilding in Western Ninewa" Programme The UN-Habitat Iraq Programme "Support for Urban Recovery and Peacebuilding in Western Ninewa" proudly convened its final Steering Committee Meeting, held recently in Erbil. This initiative, funded by the European Union through the EU Regional Trust Fund in […]