Iraqi Oil Minister Highlights Recent Achievements
By John Lee. During the opening of the first Iraq Oil Projects Exhibition and Licensing Rounds Conference in Baghdad at the weekend, the Minister of Oil reiterated his claim to have increased Iraq's oil and gas reserves by adding 6 billion barrels of crude oil and 32 billion standard cubic feet of gas. (Oil reserves […]
DNO Appoints New Managing Director
DNO ASA, the Norwegian oil and gas operator, has announced that Christopher Spencer has been appointed Managing Director of the Company as Bjørn Dale steps down as part of a planned management transition initiated last year. Mr. Spencer has been DNO's Chief Operating Officer since 2021. Before joining DNO six years ago, he served as […]
New Reform Roadmap for Tourism in Iraqi Kurdistan
From the United Nations Development Programme (UNDP): UNDP Iraq and USAID Seek to Revitalize Tourism in the Kurdistan Region In a milestone event aimed at reviving tourism in the Kurdistan Region of Iraq (KRI), the United Nations Development Programme (UNDP) in Iraq and the United States Agency for International Development (USAID) partnered with the Kurdistan […]
Iraqi Kurdish Farmers expect Weak Tobacco Harvest
By Winthrop Rodgers for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdish farmers expect weak tobacco harvest Aftereffects of genocide, competition from cheap imports and lack of government support combine to limit the market for local agricultural products. Click […]
A New Railway will at last link Iran and Iraq
From The Economist. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A new railway will at last link Iran and Iraq The connection could shunt Iraq further into Iran's embrace. Read the full article here (subscription needed).
Iraqi Court Annuls Border Agreement with Kuwait
By John Lee. The Iraqi Federal Supreme Court has declared the law approving the agreement between the Iraq and Kuwait on the regulation of maritime navigation in the Khor Abdullah [Khawr Abd Allah] to be unconstitutional. It said that Law No. 42 of 2013 is in violation of Article 61/IV of the Iraqi Republic Constitution, […]
Iraq's Qi Card to work with Samsung
By John Lee. Samsung Electronics Middle East has signed a memorandum of understanding (MoU) with Iraq's Qi Card. According to a press release from Samsung, the partnership "aims to provide advanced technological products and solutions to traders, citizens, and agents of both companies with attractive commercial offers throughout Iraq." It adds: "The two companies will […]
Iraqi Start-Ups in StartMashreq Growth Programme
By John Lee. Five Iraqi start-ups are reported to be among the 24 new businesses selected to take part in Flat6Labs' StartMashreq Growth Track programme. The programme, which started in June and will run until December 2024, is part of StartMashreq's broader vision to inspire and support displaced entrepreneurs and empower female-led startups in the […]
Iraq Maintains its S&P Credit Rating
By John Lee. In the latest credit rating report by Standard & Poor's (S&P), Iraq has retained its credit rating at B- / B with a stable outlook. According to the statement from the Ministry of Finance, the report highlights Iraq's financial and economic stability. It continues: "This new rating reflects Iraq's continued economic and […]
IFC to Develop and Upgrade Baghdad International Airport
By John Lee. The International Finance Corporation (IFC), a member of the World Bank Group, has signed an with the government of Iraq to act as lead transaction advisor for a public-private partnership (PPP) to rehabilitate, expand, finance, operate and maintain Baghdad International Airport (BIAP). Under the agreement, the IFC, will act as lead transaction […]
New GRP Pipe Production Facility in Basra
By John Lee. Iraq's Prime Minister, Mr. Mohammed Shiaa Al-Sudani, officially opened a Glass Reinforced Plastic (GRP) pipe manufacturing plant in Basra during his visit to the province recently. The Prime Minister emphasized that the Al-Narges [Narjis] Pipe Factory, with its modern machinery, inspection equipment, raw materials, and associated technologies, is the first of its […]
New Well Completed at Nasiriya Oil Field
By John Lee. Iraqi drilling experts at the Iraqi Drilling Company (IDC) have successfully completed the drilling of oil well 61, reaching a depth of 2096 meters in the Nasiriya oil field. This achievement marks the fifteenth well completed by the company under the contract signed with Dhi Qar Oil Company (DQOC) to drill a […]