Iraq courts Syrian Investment
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, met with the Syrian Ambassador to Baghdad, Mr. Sattam Jadaan, to discuss strengthening economic cooperation between Iraq and Syria. They talked about potential joint investment opportunities in various sectors, including housing, oil, industry, agriculture, and electricity. The Chairman expressed Iraq's […]
Kurdistan to host Major Football Event
Kurdistan to host world's largest football cup for unaffiliated regions The Kurdistan Region will host the 2024 CONIFA World Football Cup with the participation of teams from 16 regions from around the world. In an interview with the Department of Media and Information, Tariq Abdulrahman, President of the Kurdistan Football Association said that "matches will […]
Fresh Doubt Cast on Conviction of Foreign Businessmen in Iraq
By John Lee. The Guardian has claimed that a new cache of documents undermines key evidence used to jail a pair of foreign businessmen in Baghdad. Australian engineer Robert Pether and his Egyptian colleague Khalid Radwan have been detained since April 2021. They have been sentenced to five years in prison and jointly fined $12 […]
GKP outlines Payments to Govts for 2022
By John Lee. Gulf Keystone Petroleum (GKP) has just published details of its payments to governments for the year 2022: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ("Gulf Keystone") for the year ended 31 December 2022 as required under Disclosure and […]
Iraqi PM pushes Development of Sadr City
By John Lee. The High Committee for the Development of Sadr City convened this week under the leadership of Prime Minister Mr. Mohammed S. Al-Sudani to discuss the practical steps needed to commence construction of the new city. During the meeting, the committee engaged in extensive discussions about the project's implementation mechanisms, requirements, and how […]
Water levels in Kurdistan's Reservoirs Increase
Water levels in Kurdistan's reservoirs increase following heavy rains Reservoirs across the Kurdistan Region saw a huge increase in water levels following recent heavy rainfall. Dewana Dam in Garmian was completed in 2022 and filled to capacity in 2023, overflowing during the last month. The dam's director told the KRG Department of Media and Information […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th April 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Return RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,076.7 -0.2% 18.3% RSISX USD Index 1,058.6 […]
Italian Firm in $320m Contract at Gharraf Oil Field
By John Lee. Iraq's cabinet has approved a plan to refer the second phase of the gas drying project for the Gharraf oil field to a consortium consisting of the State Company for Oil Projects (SCOP), which is part of the Ministry of Oil, and the Italian company Progetti Europa & Global S.p.A. (PEG). The […]
Iraq "to achieve Gas Self-Sufficiency within 3-5 Years"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq to achieve gas self-sufficiency within 3-5 years: Sudani Iraqi Prime Minister Mohammed Shia' al-Sudani on Wednesday said that gas projects and an agreement with French energy giant TotalEnergies will make the country self-sufficient […]
GKP Shares Fall after Update on Production
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down more than seven percent on Thursday morning, after it issued an update on operational and corporate activity and 2023 guidance following the shut-in of the Iraq-Turkey pipeline on 25 March 2023. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Gulf Keystone was on […]
Iraq Confirms March Oil Exports of $7.5bn
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for March: Total exports: 100,913,027 barrels Revenues: $7.506 billion Average daily exports: 3.255 million barrels Average price per barrel: $74.385 Exports from central and southern Iraq: 98,875,692 barrels Exports from Kirkuk through the port of Ceyhan: 1,727,494 barrels While not explicitly stated by […]
Iraq Needs Root-and-Branch Reform -- Fmr President
By Barham Salih, a former President of Iraq, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 20 Years After Liberation, Iraq Needs Root-and-Branch Reform The system of government set up after 2003 has run its course. Click here to read […]