UN's Guterres: Window of Opportunity to Achieve Progress in Iraq
The following is the text of UN Secretary-General António Guterres' video message to the Sulaimani Forum on Wednesday: I am pleased to greet the Sulaimani Forum, and thank you for advancing dialogue on the complex challenges facing Iraq and the broader Middle East region. We all recognize that these challenges did not arise overnight. They […]
Genel Energy issues Update on Oil Reserves
By John Lee. Genel Energy has issued an update on Thursday on the oil reserves across its portfolio. Working interest oil reserves (MMbbls) 1P 2P 3P 31 December 2021 62.6 104.2 136.6 Production (11.0) (11.0) (11.0) Technical revisions 17.3 (1.0) - 31 December 2022 68.9 92.2 125.6 International petroleum consultants DeGolyer and MacNaughton, working on […]
New Samawah Gas Depot Opened
By John Lee. The Samawah gas depot project in Al-Muthanna Governorate has been opened by Iraq's Minister of Oil, Hayan Abdul-Ghani. The project uses modern technology to provide a large part of the consumption and storage needs for liquid gas in the governorate. Anmar Ali Hussein, General Manager of the Gas Filling and Services Company, […]
Progress on Lifting EU Ban on Iraqi Airways
By John Lee. A meeting has been held in Dubai with a delegation from the European Aviation Safety Agency (EASA) and the Iraqi Civil Aviation Authority (ICAA) to discuss the procedures for lifting the European ban on Iraqi Airways. The Director General of Iraqi Airways stated that they have made important strides in completing the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th March 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 945.4 -0.7% 3.9% RSISX USD Index 929.6 […]
New Investment Opportunities in Iraqi Oil Refining
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has announced several investment opportunities in the oil refining sector: Maysan Refinery [Missan Refinery], with capacity of 150,000 barrels per day (bpd); Qayyarah Refinery in Nineveh governorate, with a capacity of 70,000 bpd; A black oil hydrogenation project in Basra Governorate, with a capacity of 30,000 […]
Ban on IOCs in Iraqi Kurdistan "May be Lifted"
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Ban On IOCs In Iraqi Kurdistan May Be Lifted The recent signing by Iraq's federal government in Baghdad of three long-term oil and gas sector contracts with the UAE's Crescent […]
New Hospital Opens in Basra
By John Lee. The Prime Minister of Iraq, Muhammad Shia Al-Sudani, inaugurated the Al-Sayyab Teaching Hospital in Basra on Sunday. The hospital has a capacity of 492 beds and includes general medical specialties as well as specialized centers for kidney diseases and tumor treatment. During the opening, the Prime Minister emphasized that completing hospitals is […]
Hungary to Import Iraqi Dates?
By John Lee. The Director General of the General Company for Exhibitions and Trade Services at the Ministry of Trade in Iraq, Adel Al-Masoudi, met with the Hungarian Ambassador to Iraq, Attila Tarr, to discuss strengthening economic and trade relations between the two countries. They exchanged views on ways to enhance cooperation in political and […]
Iraq Plans More Renewable Energy; 5 Million New Trees
By John Lee. Iraq's Prime Minister has said Iraq will plant five million trees in an attempt to combat climate change and limit the damage caused by dust storms. Addressing a climate conference in Basra, Mohammed Shia Al-Sudani added that the plan woule be accompanied by the launch of a "national guide for urban afforestation" […]
Iran, Iraq "Taking Giant Strides" to Strengthen Trade
Highlighting the role of the Iran-Iraq Joint Commission in the removal of trade barriers between the two countries, the Iranian minister of economy said that Tehran and Baghdad will witness the considerable growth in bilateral trade next year (to start March 21, 2023). The two countries enjoy high potential to expand their trade and economic […]
Vietnam discusses Increasing Trade with Iraq
By John Lee. Iraq's Ministry of Trade held a meeting with a delegation from the Vietnamese embassy in Tehran to discuss joint cooperation in commercial and economic aspects, including the supply of rice, tea, construction materials, and machinery. They also discussed the possibility of holding the nineteenth meeting of the Iraqi-Vietnamese Joint Committee, and inviting […]