Baker Hughes wins Four-Year Contract in Missan
By John Lee. Baker Hughes has said its oilfield services (OFS) division has secured a four-year contract to provide artificial lift solutions for the Missan [Maysan] oilield in Iraq. In a statement announcing its results for the second quarter of 2022, the US-based company said the contract includes the supply of electrical submersible pumps (ESP), […]
IDC completes two Drilling Projects in Iraq
By John Lee. The Iraqi Drilling Company (IDC) has recently completed the drilling of oil well 48 at the Nasiriyah oil field. The company's general manager, Engineer Basem Abdel Karim Nasser, said this was part of the contract with Dhi Qar Oil Company (DQOC) to drill 20 oil wells at the field in cooperation with […]
Deep Data: GCC Electricity and Iraq's Reliance on Iran
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Data: GCC Electricity and Iraq's Reliance on Iran In connection with the recent Arab summit in Jeddah, Iraq and Saudi Arabia are forging ahead with efforts to connect their electricity grids. The […]
Mosul Airport Project Exempted from Govt "Contracting Mechanisms"
By John Lee. The Iraqi government has decided to exempt the project to rehabilitate Mosul International Airport from the "contracting mechanisms that apply to government contracts and from the instructions for implementing the federal budget". The decison was approved at this week's cabinet meeting, chaired by Prime Minister Mustafa Al-Kadhimi. (Source: Govt of Iraq)
Iraq Extends Ban on Export of Agricultural Feeds
By John Lee. The Iraqi cabinet has voted to delay the issuing of export licenses for a variety of agricultural feed produce until October 1, 2022. The ban on exports applies to fodder barley, hay, and bran from corn residues, and was recommended by the Ministerial Council for the Economy. The decision is to enable […]
$25m agreement for Medical Waste Management in Iraq
Ministry of Health and UNDP partner to address medical waste management challenges under $25m agreement The United Nations Development Programme (UNDP) in Iraq has signed a US$25 million agreement with Iraq's Ministry of Health (MoH) to strengthen medical waste management in the country. The agreement is part of the $100 million Iraq Covid-19 Vaccination Project […]
WFP partners with KRG in improving Social Protection
WFP Iraq partners with the Department of Information Technology at the KRG towards improving social protection for the people The United Nations World Food Programme (WFP) signed a Letter of Understanding (LoU) with the Kurdistan Regional Government, Department of Information technology (KRG-DIT) to formalise their collaboration on improving and reforming the Social Protection System in […]
Fitch: Iraq's Fiscal Outperformance May Not Last
By John Lee. Fitch Ratings has said that Iraq's government debt is set to fall steeply as a share of GDP in 2022, bringing it to pre-Covid-19 pandemic levels. It adds that while this is positive for the sovereign's creditworthiness, the decline may not be sustainable, as it partly reflects political tensions that have constrained […]
Training improves Interviewing Techniques for Iraqi Investigators
Enhancing crime management: Training improves interviewing techniques for Iraqi investigators Iraq's security and justice sector institutions will be further strengthened under a training programme for Iraqi investigators that enables them to interview suspects and witnesses by using effective and non-coercive interviewing techniques. The initiative is a partnership between the United Nations Development Programme (UNDP) and […]
Drought threatens ancient Boatbuilding Traditions in Southern Iraq
By Azhar Al-Rubaie, for The New Arab. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Drained of life: Drought threatens to render ancient boatbuilding traditions extinct in southern Iraq The effects of climate change have drastically affected millennia-old boating traditions in southern Iraq, […]
New Oil Finds reported in Iraq's Anbar Province
By John Lee. The Governor of Anbar, Ali Farhan (pictured), has reportedly announced new oil discoveries in the province. According to the state-controlled Iraqi News Agency (INA), the finds are in the Nukhaib and Tharthar areas. Farhan is quoted as saying that, "the local government in Anbar worked to prepare the atmosphere for oil exploration […]
Dohuk Attack: Iraq Suspends Appointment of Amb. to Turkey
By John Lee. Iraq has recalled its Charge d'Affairs from Ankara for consultation, and suspended the appointment of a new Iraqi ambassador to Turkey, following a airstrike on a tourist resort in Zakho, in Iraqi Kurdistan. At least eight civilians were killed in the attack, including several children. The Iraqi Cabinet also directed the Ministry […]