Ibn Omar Gas Project to Begin Operations by End-April
By John Lee. The accelerated gas investment project at the Nahr Bin Omar field is scheduled to enter operational service by the end of April, according to Iraq's Ministry of Oil. The project, part of efforts to increase utilisation of associated gas and reduce flaring, will deliver additional supplies of dry gas, liquefied petroleum gas […]
$10m Reward for Information on KH Leader
By John Lee. Rewards for Justice (RFJ), the US Department of State's national security rewards program, has offered a reward of up to $10 million for information on the leader of Kata'ib Hizballah (KH), Ahmad al-Hamidawi. The Department of State designated al-Hamidawi as a Specially Designated Global Terrorist (SDGT) in 2020. Full statement from Rewards […]
Iraq Reports Partial Recovery in Maritime Traffic
By John Lee. According to a statement today (Wednesday) from Iraq's Ministry of Trade, the reopening of the Strait of Hormuz has led to a gradual recovery in maritime traffic, although activity remains below normal levels amid continued geopolitical uncertainty. It says early signs of improvement have been observed in trade flows, particularly in energy […]
New TIR Freight Corridor Linking Turkey, Iraq and Saudi Arabia
By John Lee. Iraq's General Company for Land Transportation (GCLT) has successfully completed a trial freight journey under the TIR system along a new corridor linking Turkey, Iraq, and Saudi Arabia. The route runs from the Ibrahim Al-Khalil border crossing to the Arar crossing, with the trial completed within the planned schedule and without reported […]
Iraqi Govt Approves External Audit for Banking Reform Programme
By John Lee. Rasheed Bank has been authorised to contract Ernst & Young (EY) to carry out financial and banking audit and oversight work, as part of Iraq's banking sector reform programme. The decision was approved on Tuesday during a regular session of the Council of Ministers chaired by Prime Minister Mohammed Shia Al-Sudani. The […]
Geological Survey Launches Limestone Exploration in Muthanna
By John Lee. Iraqi Geological Survey has launched a strategic project to explore limestone reserves in Muthanna province to support the cement industry. The initiative focuses on assessing deposits in the Al-Ghadhari area, identifying high-quality raw materials suitable for producing various types of cement, including ordinary Portland cement and sulphate-resistant cement. Key objectives of the […]
Iraq and WFP Finalise Development Plan
By John Lee. The Ministry of Planning is finalising a five-year development plan in cooperation with the World Food Programme (WFP), aligning future activities with Iraq's national development priorities. The plan, which has reached its final stages ahead of formal approval, was discussed during a meeting between senior ministry officials and WFP representatives. Key areas […]
Dana Gas Resumes Production at Khor Mor Gas Field
By John Lee. Dana Gas has resumed production at the Khor Mor gas facility in the Kurdistan Region of Iraq, following a period of intermittent operations in recent weeks. The company said it implemented precautionary operational measures during the disruption, working in coordination with government authorities while prioritising the safety of personnel and assets. No […]
Iraq Oil Export Data for March; Hormuz Hits Revenues
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for March 2026. Total exports of crude oil (including condensates): 18,604,951 barrels. Exports from the oil fields in central and southern Iraq amounted to 14,561,534 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 1,271,200 barrels. Exports […]
Iraqi Parliament Elects the new President
By John Lee. The Iraqi parliament has elected Nizar Amidi [Amedi] (pictured) as the new President of Iraq on Saturday. Amidi, a member of the Patriotic Union of Kurdistan (PUK), succeeds President Abdul Latif Jamal Rashid (also PUK), who withdrew from seeking a second term on Saturday. He has previously served as Minister of the […]
New Investment Plan Targets Infrastructure and Economic Growth
By John Lee. Iraq's National Investment Commission (NIC) has announced a new strategic vision aimed at delivering major projects to support Iraq's economy and sustainable development. The plan was presented during a meeting attended by members of parliament from the Reconstruction and Development bloc, where officials outlined a roadmap to advance investment activity and accelerate project […]
Iran's Iraqi Allies "see Chance for Newfound Power"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. While under attack, Iran's Iraqi allies also see chance for newfound power With Israeli-US intentions in Iraq as opaque as their aims in Iran, the potential for further destabilization in the former remains […]