Basra Oil Output Down 73%
By John Lee. Basra Oil Company (BOC) has reduced crude oil production from 3.3 million barrels per day to 900,000 barrels per day following the suspension of exports from southern ports. The reduction was confirmed during a meeting chaired by Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad to […]
Iraqi Airspace to Remain Closed Until Sunday Noon
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Sunday. The authority said the decision was taken as a temporary and precautionary measure, based on an ongoing assessment of the security situation and in light of regional […]
Joint Statement on the Strait of Hormuz: 19 March 2026
Joint statement from the leaders of the United Kingdom, France, Germany, Italy, the Netherlands, Japan and Canada on the Strait of Hormuz: 19 March 2026 19 March 2026 We condemn in the strongest terms recent attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and gas installations, and […]
Iraq Airspace Closure "Costs $43m"
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq airspace closure costs $43 million during US-Israel war on Iran Iraq's aviation sector has lost nearly $43 million since authorities shut the country's airspace following the outbreak of the US-Israeli war on Iran […]
Najaf Seismic Programme Completed Ahead of Schedule
By John Lee. The Iraq Oil Exploration Company has completed a two-dimensional seismic survey programme for the Al-Qurnain exploration project in Najaf province, aimed at expanding Iraq's geological database and supporting future oil and gas discoveries. The project forms part of efforts by the Ministry of Oil to strengthen hydrocarbon exploration activities and increase the […]
Iraq issues Media Restrictions on Security Incidents
By John Lee. The Ministry of Interior has issued new guidelines restricting the publication and circulation of images and information related to security incidents, citing the need to protect sensitive locations and maintain stability. The ministry called on media organisations and the public to comply fully with official instructions and to act responsibly in handling ongoing […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: [INSERT]. Please click here to view a table of listed companies and their associated ticker codes. Note: ISX is closed from Mar. 18 to Mar. 23, 2026 due to the Eid Al-Fitr holiday. Trading will resume on Mar. 24, 2026 (Tuesday). Rabee […]
Webinar: Will US-Israel war on Iran Destabilise Iraq?
From Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will the US-Israel war on Iran destabilise Iraq? This webinar will examine how cross-border movements and fragile political structures raise the stakes for Iraq's stability. Chair: Dr Renad Mansour Speakers: Dr Zmkan Ali […]
GKP Shares Rise following Results Statement
By John Lee. Shares in Gulf Keystone Petroleum (LSE: GKP) were trading up more than 5 percent on Thursday after the company published its 2025 Full Year Results; they have risen more than 16 percent in the past week. Full statement from GKP: 2025 Full Year Results Announcement Gulf Keystone, a leading independent operator and producer […]
Kirkuk Oil Exports Resume via Ceyhan Port
By John Lee. The Ministry of Oil has announced the resumption of crude oil pumping and exports from Kirkuk through Türkiye's Ceyhan port, with an initial export capacity of 250,000 barrels per day (bpd). The restart follows an agreement between the federal government and the Kurdistan Regional Government (KRG), enabling the reactivation of a key export […]
Is the Dinar Your Retirement Plan?
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Payroll Cliff: Why the Dinar Can't Be Your Retirement Plan For two decades, promoters of the Iraqi dinar as an investment have pointed to the country's oil wealth and whispered of an […]
Iraq Signs Contracts to Export Oil via Syria, Jordan, Turkey
By John Lee. Iraq's Ministry of Oil has confirmed steps to export oil and oil derivatives via Turkey, Jordan and Syria. According to the state-run Iraqi News Agency (INA), Deputy Minister for Extraction Affairs Bassem Mohammed Khudair said that the State Oil Marketing Organization (SOMO) has begun signing contracts with international carriers and buyers to export […]