New Contract with Siemens for Long-Term Maintenance at Rumaila
By John Lee. The German company Siemens has signed a contract for the long-term maintenance of the generation units at the Al-Rumaila gas plant in Basra province. Iraqi Minister of Electricity, Engineer Ziad Ali Fadel, welcomed the company's CEO and its technical team, and emphasized the need to prepare a work plan for maintenance projects, […]
Interview with Amet Selman: Balancing Business Success and Global Impact
The establishment of AAA Holding Group's new fertiliser plant in Basra has been one of the most significant investments in Iraq in recent years, helping to diversify the country's industry away from oil. With a major new expansion now underway, Iraq Business News interviewed the company's CEO, Amet Selman, about his vision for the business. […]
Japan provides $1.4bn Loan for Basra Refinery Project
By John Lee. The Japan International Cooperation Agency (JICA) has ssigned a loan agreement with Iraq to provide a Japanese ODA loan of up to 203,060 million yen [$1.4 billion] for the Basrah Refinery Upgrading Project (V). This project will improve Iraq's capacity for producing oil products and the quality of such products by installing […]
Real Reason Russia is Ramping Up Oil Production in Iraq
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Real Reason Russia Is Ramping Up Oil Production In Iraq With the future of independent oil supplies from the KRI looking highly precarious, Russia is moving firmly into the last […]
Elsevier Partners with Iraq Ministry of Higher Education
By John Lee. Elsevier, the Dutch academic publishing company specializing in scientific, technical, and medical content, has entered into an agreement with Iraq's Ministry of Higher Education and Scientific Research to foster academic excellence and facilitate access to high-quality research publications for students, faculty and researchers throughout institutions of higher education in Iraq. According to […]
Strengthening the Social Contract in Iraq
From UNDP: Iraq's National Human Development Report: Strengthening the Social Contract in Iraq Over 120 of the Iraq's primary stakeholders and thought leaders came together during the country's 1st consultation session on the development of the National Human Development Report (NHDR). During the event, ways to strengthen the social contract between the country's leadership and […]
CFR: Instability in Iraq
From the Council on Foreign Relations (CFR). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Instability in Iraq Since the U.S.-led invasion in 2003, Iraq has undergone a long period of instability, with armed groups like the self-proclaimed Islamic State taking advantage of […]
Video: Bridging the US-Iraq Business Gap
From 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. Bridging the U.S.-Iraq Business Gap On August 14, The Washington Institute held a virtual Policy Forum with Mais Abbas Abousy, Safwan Al-Amin, and Amer Aladhadh: Abousy is a […]
New Air Route Serving Baghdad
By John Lee. Oman's SalamAir will soon start a service to Baghdad International Airport. Starting August 31st, it will operate three weekly flights from Muscat to Baghdad, every Monday, Wednesday, and Friday. The company started operations in 2017, and operates a fleet of Airbus jets. (Source: SalamAir)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th August 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,219.8 2.9% 34.0% RSISX USD Index 1,199.4 […]
DNO Re-Starts Oil Production at Tawke
DNO ASA, the Norwegian oil and gas operator, today reported that production from its flagship Tawke field in Kurdistan has been restarted following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route. Production was restarted last month to conduct well integrity tests and synchronize reservoir models but has continued in response […]
Rehabilitation of 150,000-bpd Iraqi Refinery Underway
By John Lee. The Minister of Oil has announced that the ongoing efforts to rehabilitate the Northern Refinery in the "Samoud Complex" in Baiji, with a capacity of 150,000 barrels per day (bpd), will be completed by the end of 2024. He highlighted the government's attention and the direct involvement of the Prime Minister in […]