Iraq Finally Agrees Terms for $27bn TotalEnergies Project
By John Lee. The Iraqi Cabinet has agreed to approve the contract for TotalEnergies' integrated gas development project with some amendments, as follows: The government's participation will be amended from 40 percent to 30 percent in accordance with Cabinet Resolutions (361 and 480 of 2021) to facilitate the signing of related agreements and resolve the […]
Mindware to Distribute Dell in Iraq
By John Lee. Dubai-based Value Added Distributor (VAD) Mindware has reportedly announced that it has extended its region of distribution with Dell Technologies to cover Jordan and Iraq. According to Trade Arabia, Toni Azzi, General Manager at Mindware Qatar, Africa and Levant, said: "Both locations are growing economies and with digital transformation initiatives taking place […]
Corruption is Forgotten Legacy of the Iraq Invasion
By Reva Dhingra and Marsin Alshamary, for The Brookings Institution. The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Corruption is the forgotten legacy of the Iraq invasion Iraq's struggle with corruption can be traced back to occupation-era reconstruction policies and to Baathist-era patronage. The […]
Sustainable Solutions to Combat Climate Change in Iraq
Background Ranked the fifth most vulnerable country to climate change, Iraq's environmental and energy challenges directly affect its overall stability and prosperity. Working with the Government of Iraq, the private sector and affected communities, USAID is mitigating the impact of climate change by strengthening water management and governance systems, promoting renewable energy solutions, improving management […]
Oil Exports from Northern Iraq to Resume
By John Lee. Baghdad and Erbil have agreed a deal to resume oil exports from northern Iraq. Exports of crude oil from Iraqi Kurdistan and Kirkuk had been suspended since last week after a ruling from the Paris-based International Court of Arbitration that Turkiye can not allow exports from the autonomous region by pipeline to […]
Iraq joins TIR to Boost Trade and Economic Development
Iraq, at the crossroads of several trade routes in the Middle East, has become the 78th country to accede to the United Nations TIR Convention. Iraq's accession to the TIR Convention anchors its strategic role as a transit hub and supports the country's economic vision to expand its non-oil sectors. The TIR system will boost […]
Iraq and Russia sign Visa Waiver Agreement
By John Lee. The Iraqi and Russian governments have signed a draft agreement exempting diplomatic, service, and private passport holders from entry visas. Dr. Abdul Rahman Al-Husseini, the Undersecretary for Administrative and Technical Affairs, signed on behalf of Iraq, and Russian Ambassador Elbrus Kutrashev on behalf of Russia. According to a statement from Iraq's Ministry […]
Amarinth Wins Order for Pumps at Majnoon Oil Field
By John Lee. UK-based pump maker Amarinth has won an order from Azku Global Services for $200K of API 610 OH1 pumps for the Majnoon oil field. This is Amarinth's first order from Azku Global Services and follows numerous projects that Amarinth has successfully delivered into Iraq. The $200K order is for two API 610 […]
20 Years after US Invasion of Iraq, What Lessons Remain?
By Gilles Kepel for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 20 years after US invasion of Iraq, what lessons remain? With the Pentagon now refocusing elsewhere, and with Iran getting closer to nuclear weapons by the day, the widening […]
Tabaqchali on the 20-yr Anniversary of US invasion of Iraq
Iraq Business News Expert Blogger, Ahmed Tabaqchali, has just published his thoughts on the 20-year anniversary of the US invasion of Iraq, for the Atlantic Council. Click here to read the full article.
Iraq and others to Reduce Oil Production; Oil Prices Surge
By John Lee. Oil prices surged on Monday after several producers, including Iraq, announced an unexpected cut in production. Iraq's Ministry of Oil said it has voluntarily decided to reduce production by 211,000 barrels per day (bpd), starting from May, and continuring until the end of 2023. According to BBC, Saudi Arabia is reducing output […]
PM Opens Karbala Refinery
By John Lee. The Karbala Oil Refinery, Iraq's first oil refinery to operate with modern technologies, has been opened by Prime Minister Mohammed S. Al-Sudani. Built by Korean company Hyundai, the refinery has a capacity of 140,000 barrels per day and meets the latest environmental-friendly European standards. It includes a power plant with a capacity […]