Chinese Firm to Double Production at East Baghdad Oil Field
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani (pictured), visited the East Baghdad oil field in Nahrawan and Suwayrah regions, expressing a commitment to increase crude oil production and invest in associated gas. The field currently produces 30,000 barrels per day, with a peak production goal of 40,000 barrels per day under the 2018 […]
Pakistan delivers 'Super Mushshak' Planes to Iraqi Air Force
By John Lee. The Pakistan Aeronautical Complex (PAC) has delivered its first batch of Super Mushshak trainer aircraft to Iraq. The planes were handed over in the presence of the Air Force Commander Shihab Jahid Ali, at the Air Base of Martyr Ali Fuleih in Iraq. The contract to supply the planes was signed almost […]
US Company to Upgrade Sadr Power Station
By John Lee. Iraq's Council of Ministers has approved the recommendation to convert the Sadr power station from a simple cycle to a combined cycle operation. The conversion will be done by the American company Stellar Energy for a total cost of $877,200, an increase of 3.2 percent from the original estimate. Total capacity will […]
Hungary participates in Iraqi Tree Planting Project
By John Lee. Iraq's Minister of Agriculture, Abbas Jabr Al-Ali Al-Maliki, met with the Hungarian ambassador to Baghdad, Attila Tar, to discuss the development of Iraqi-Hungarian relations, specifically in agriculture. The ambassador presented areas of joint cooperation, including the manufacture of modern machinery, agricultural commodities, organic fertilizers, and scholarships. The Minister welcomed Hungary's participation in […]
Former head of Sunni Endowment escapes from Prison
By Adam Lucente 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 religious official escapes from prison Saad Kumbesh, the former head of Iraq's Sunni waqf, was serving time for corruption. Click here to read the full article.
Iraqi PM meets with Japanese Execs
By John Lee. The Prime Minister of Iraq, Mohammed S. Al-Sudani, met with the Japanese Ambassador to Iraq, Futoshi Matsumoto, along with the CEO of Toyota Iraq, Yutaka Ezaki, and the Representative of Sumitomo Corporation, Hajime Mori. They discussed ways to enhance bilateral relations between the two countries in all economic and developmental fields, with […]
National Consultations on Climate Action in Iraq
WFP and Ministry of Environment host national consultations on climate action in Iraq The United Nations World Food Programme (WFP) and Iraq's Ministry of Environment held a three-day national consultation event aimed at enhancing the country's climate adaptation efforts. The workshop focused on bolstering Iraq's climate information system with the aim of having unified and […]
PM meets to progress Sadr City Project
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, has held a meeting to discuss the new Sadr City project, which aims to address the problem of overpopulation in Sadr City. The project will be built on a total area of 4,000 dunums (400 hectares). Full statement from the Media Office of […]
Discussion: Is Iraq a Post-Conflict Society?
From Kings College London: Since the US-led invasion in 2003 and the subsequent toppling of Saddam Hussein's regime, Iraq has grappled with sectarian divisions, political instability, ISIS, regional divisions, and waves of violence. Twenty years later, is Iraq now a 'post-conflict' society? Join two experts on Iraq for a deep dive into contemporary Iraqi politics, […]
DNO projects Lower Full-Year Oil Production from Tawke
By John Lee. DNO, which operates the Tawke licence in Iraqi Kurdistan, has said today (Tuesday) that it now projects full-year 2023 production for Tawke to be below the previously communicated projection of 100,000 barrels of oil per day, as a result of the previously-advised shutdown in production. Full statement from DNO: DNO ASA, the […]
Details of New "Economic City" between Jordan and Iraq
By John Lee. The Iraqi Jordanian Company for Industry, a joint venture set up by the Jordanian and Iraqi governments, has invited local and international companies to view the tender documents related to the development of the joint "Economic City" project (i.e. Free Zone) between Jordan and Iraq. The new zone will be built on […]
Iraq's Dry Canal Project could "Change Economic Map of the Region"
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, met with members of the Parliamentary Investment and Development Committee to discuss laws and legislations that support the investment sector in the country. Al-Sudani said the Grand Faw Port and the Iraq-Turkiye railway line [Dry Canal project] as pioneering investment projects that could […]