China Makes Big Moves to Secure Iraqi Oil
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. China Makes Big Moves To Secure Iraqi Oil Whilst the U.S. and its allies appear to be taking a subtle approach to advancing their remaining interests in Iraq, as hinted […]
Deloitte report on Oil and Gas in Iraqi Kurdistan
As part of the KRG's drive to promote transparency, Deloitte have been commissioned to produce an audited report detailing oil and gas exports, production costs, and revenues for the fourth quarter of 2022. The report, which analyzes the oil and gas industry on a quarterly basis, is now available as a PDF. Click here to […]
PM pushes for Replacement of Fertiliser Imports
By John Lee. Prime Minister Mohamed Shia Al-Sudani visited the National Investment Commission (NIC) on Monday to meet officials and be briefed on its activities, progress, and challenges. He cited a lack of investment vision as one of the major obstacles to developing investment. Al-Sudani also directed the NIC to follow up the state's import […]
Ambassador addresses US-Iraq Business Council
U.S. Ambassador to Iraq Alina Romanowski's Remarks Virtual Roundtable Discussion with the U.S.-Iraq Business Council January 31, 2023 I am pleased to meet with members of the U.S.-Iraq Business Council. You represent some of the finest companies in the United States, and some of you know Iraq very well. Let me begin by providing a […]
Basra Oil Company signs MoU with Iran
By John Lee. The National Iranian South Oil Company (NISOC) has signed a memorandum of cooperation with Basra Oil Company (BOC). Alireza Daneshi, NISOC CEO, said: "This document paves the way for enhancing cooperation between Iran and Iraq in the field of oil and it is a good opportunity to strengthen the relationship between the […]
Tipping Point of the Iraq-KRG Energy Dispute
By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Tipping Point of the Iraq-KRG Energy Dispute Baghdad's legal wins won't mean much if it mishandles the political end, angers Turkey, and further damages the […]
Gazprom Neft to deploy "Private Military" to Iraq?
By John Lee. Ukraine's Ministry of Defense has reportedly warned about the formation of a "private military company" by Russian oil giant Gazprom Neft. Time magazine says that the Ukrainian government has warned that the unit would be comparable to notorious mercenary organization the Wagner Group. It speculates that the force may become active in […]
Why Cash is still King in Iraq
By Winthrop Rodgers, for Rest of World. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why cash is still king in Iraq After decades of war, displacement, and sanctions, Iraq remains cut off from the global financial system. Click here to read the […]
Iraqi FM: In Iraq's Interest to help Reduce US-Iran Tensions
By Andrew Parasiliti 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 foreign minister: It's in Iraq's interest to help reduce US-Iran tensions In exclusive interview with Al-Monitor, Fuad Hussein discusses US-Iraq economic relations, regional economic integration, and sanctions on […]
Iraq Leadership Fellows Program: Applications Close Soon
The Iraq Leadership Fellows program helps Iraq's next generation of leaders develop the skills they need to build sustainable and transformative social and political movements. The Fellowship brings together young activists from around Iraq for three residential training sessions over the course of a year, with each training consisting of three days of intensive learning […]
PM Pitches Iraq to Emirati Business Leaders
By John Lee. Prime Minister Mohamed Shia Al-Sudani met on Thursday evening in Abu Dhabi with a number of Emirati businessmen and heads of prominent companies, on the sidelines of his official visit to the United Arab Emirates. The meeting included a review of the available prospects for investment and economic cooperation with Iraq, and […]
INA: JP Morgan to Facilitate Iraqi Payments to China
By John Lee. The Central Bank of Iraq (CBI) has reportedly confirmed an agreement with J.P. Morgan Development Finance Institution to facilitate payments to China in order to finance private sector imports. According to the state-owned Iraqi News Agency (INA), this agreement enables Iraqi banking systems to make payments directly to the People's Republic of […]