Iraq to become World's Biggest Oil Producer?
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. Iraq Takes First Step Towards Becoming The World's Biggest Oil Producer Iraq's parliamentary oil and gas committee plans to increase the country's oil production to more than five million barrels […]
Deloitte report on KRI Oil & Gas: KRG issues Summary Data Only
By John Lee. Deloitte has recently published a report on the Kurdistan Region's oil production, sales, exports and revenues for the first quarter of 2023. Unlike previous press releases from KRG relating to the Deloitte reports, this latest press release does not include a link to the actual report, but instead consists of just the […]
New Industrial Zone being built in Erbil
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Nearly 6,000 new companies established by KRG's Ninth Cabinet Dara Jalil Khayat (pictured), the President of the Erbil Chamber of Commerce and Industry, has said that a new industrial zone is being built in […]
Iran "Ready to Meet" Iraq's Pharma, Medical Requirements
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran Ready to Meet Iraq's Pharmaceutical, Medical Requirements: Mokhber Iran's first vice president has expressed the country's readiness to provide Iraq with medical products, saying that joint cooperation between the […]
Iraq, Iran Oil-Gas Swap to Continue to End-2023
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq, Iran oil-gas swap deal to continue until end of 2023 Iran has resumed the supply of natural gas to Iraq nearly two weeks after it had cut down its exports to the neighboring […]
UNDP "Unwaveringly Committed to Supporting Iraq"
By John Lee. A senior UN official has said that support for the country's efforts to reintegrate displaced people is critical to preventing extremism and boosting recovery. Asako Okai, United Nations Development Programme (UNDP) Assistant Secretary-General and Crisis Bureau Director, added that, "UNDP is unwaveringly committed to supporting Iraq." Full statement from UNDP: One million […]
CBI, IFC discuss Iraqi "Green Bank"
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alak, received a delegation from the International Finance Corporation (IFC), a subsidiary of the World Bank Group. The meeting discussed bilateral cooperation in the banking sector and its development to align with global technologies. They also reviewed the latest updates on […]
Iraq Water Crisis drying up Fish Farming in Basra
From Middle East Monitor, 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. Iraq is in the grip of a severe water shortage which has left crop growers and food producers, such as Iraqi fish farmer, Qasem Karam, facing the […]
Qatar to Open Consulate in Erbil
By John Lee. Qatar's Ambassador to Iraq, Khalid bin Hamad Al-Saliti, met with the former President of the Kurdistan Region of Iraq, Massoud Barzani, in Salahaddin on Wednesday. The discussion revolved around the significance of the relations between Qatar, Iraq, and the Kurdistan Region. During the meeting, the Qatari Ambassador expressed his country's intention to […]
Why Iran's Allies in Iraq are adopting Pragmatism towards US
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: Why Iran's allies in Iraq are adopting pragmatism towards the US When Iraq's Popular Mobilization Units (PMU) recently marked the ninth anniversary of their establishment, most observers expected the force to hold […]
India to build Gas Liquefaction units in Iraq?
By John Lee. India has reportedly started talks with Iraq regarding building facilities to liquefy natural gas that is currently flared, and transporting it as liquefied natural gas (LNG) to India. The Indian Express quotes an anonymous senior Indian official as saying, "we are exploring if our companies can set up plants in Iraq to […]
Iraq Confirms Wheat Stockpile of 5 Million Tons
By John Lee. Iraq's Minister of Trade, Atheer Al-Ghurairy, has said Iraq has a 'strategic stockpile' of wheat totaling 5 million tons. He is quoted by state-run Iraqi News Agency (INA) as saying that this is sufficient to meet the country's needs for more than a year, and is in addition to the four months […]