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: $74.385 Exports from central and southern Iraq: 98,875,692 barrels Exports from Kirkuk through the port of Ceyhan: 1,727,494 barrels While not explicitly stated by […]
Iraq Needs Root-and-Branch Reform -- Fmr President
By Barham Salih, a former President of Iraq, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 20 Years After Liberation, Iraq Needs Root-and-Branch Reform The system of government set up after 2003 has run its course. Click here to read […]
Iraq studying Designs for Rail Link with Turkiye
By John Lee. The Iraqi Ministry of Transport has said that it is studying the designs for the "development road project", sometimes referred to as the "dry canal project". The project will link Iraq's Grand Faw port, which is still under construction, by rail to the Mediterranean, with the intention of providing a cost-effective alternative […]
Cmte Appointed in Iraqi Arbitration Case
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has appointed an ad hoc committee to consider the possible annulment of an award made in favour of the Iraqi Government, in relation to a dispute over the alleged takeover of a cement factory in Kirkuk. Germany's AHG Industry GmbH & […]
Canada Commits to Protect Iraq's Marshlands
The United Nations Development Programme (UNDP) in Iraq and Canada's Department of Foreign Affairs, Trade and Development (DFATD) signed an agreement for a project to protect Iraq's southern Marshlands earlier this month, with a CAD 5 million (approximately US$ 3.7 million) contribution to increase biodiversity protection and people resilience in face of climate change. The […]
Dubai-based Firm eyes Iraqi Rail Sector
By John Lee. Iraq's Ministry of Transport met with a delegation from the Dubai-based company Gravo DMCC to discuss the delegation's request for support and development of Iraq's railway sector through partnership. The meeting was attended by the relevant department directors. It was decided to continue meetings between the parties to try to achieve shared […]
Talks to Progress TotalEnergies Iraq Projects
By John Lee. Iraq's Minister of Oil, Ihsan Abdul-Jabbar Ismail, recently met with Laurent Vivier, the director of the French company TotalEnergies in the Middle East and North Africa, and Donia Chalabi, the director of the company's branch in Iraq, to discuss prospects for cooperation. The meeting focused on the follow-up of joint efforts to […]
Failed Oil Policies Lead to New Opportunities in Iraq
By Zaid Al-Ali, for 1001 Iraqi Thoughts. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. 20 Years of Failed Oil and Gas Policies Lead to New Opportunities in Iraq Back in 2003, the Kurdistan Regional Government (KRG) adopted an independent oil policy that was […]
Twenty Years After the War, Iraq Needs U.S. Support
By Bilal Wahab, for the Wall Street Journal. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Twenty Years After the War, Iraq Needs U.S. Support As a partner to Baghdad, Washington can establish a bulwark against malign influence in the Mideast. Click here to […]