Iraq to Increase Oil Export Capacity
By John Lee. Basra Oil Company (BOC) has reportedly said that third offshore pipeline at the Khor Al-Amaya Oil Terminal (KAAOT) (pictured) will be completed by the end of 2023. Acting Director General, Ahmed Fadel Dehaim, told the Iraqi News Agency (INA) that the new line will increase oil export capacity by 600,000 barrels per […]
$100 Oil: Iraq to Fast-Track Development at Oil Fields
Writing in Oil Price, Simon Watkins says $100 oil has prompted the Iraqi government to fast-track development of more technically challenging oil fields. Click here to read the full article.
Iraq plans to Expand Domestic Defense Industry
By John Lee. Iraq has reportedly confirmed that it will open new production facilities for the manufacture of weapons and light munitions, and even the assembly of combat aircraft. The Director of the Defence Industries Commission, Mohamed Sahib Al-Daraji (pictured), told the state-controlled Iraqi News Agency (INA), that: "Iraq has concluded memoranda of understanding with […]
Iraq Oil Export Volumes hit 2-Year High
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for April of 101,390,662 barrels, giving an average for the month of 3.380 million barrels per day (bpd), up from the 3.244 million bpd exported in March. This is the highest daily export rate since the 3.438 million barrels per day achieved in […]
Breaking Bad in Basra
By Michael Young, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Breaking Bad in Basra In an interview, Harith Hasan discusses how environmental degradation has affected sociopolitical stability in southern Iraq. Click here to read the full report.
Refinery Targeted in Rocket Attack
By John Lee. A rocket attack that targeted an oil refinery in the Khabat area of Erbil on Sunday has been widely condemned. Six rockets were fired at the Kawergosk refinery, which is owned by KAR Group, reportedly damaging a storage tank. The Iraqi Security Media Cell said it located a launch base near the […]
Iraq: Implementing a Way Forward
By C. Anthony Pfaff, Ben Connable, and Masoud Mostajabi, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq: Implementing a way forward A new report, Iraq: Implementing a Way Forward, authored by Atlantic Council staff and fellows C. Anthony […]
Chinese Firm discusses Rehabilitation of Nasiriyah Airport
By John Lee. A meeting has been held with the China State Construction Engineering Corporation (CSCEC) to discuss the the first steps in the rehabilitation of Nasiriyah International Airport. The company signed a contract for the project with the Iraqi Civil Aviation Authority (ICAA) in June 2021. According to Al Sabaah, he meeting was attended […]
China's Huawei working on e-Governance in Iraq
By John Lee. The Secretary-General of the Council of Ministers, Dr. Hamid Naim Al-Ghazi, with representatives of China's Huawei, have discussed the process of developing the e-governance and automation project. The comprehensive digital transformation project is intended to reduce paperwork in government institutions. Dr Al-Ghazi confirmed that the e-governance project has reached "advanced stages", and […]
USD1.4m from Canada to support Youth Entrepreneurship in Iraq
UNICEF receives USD $1,4 million from the Government of Canada to support young people's transition to entrepreneurship and employment in Iraq The Government of Canada has contributed USD$1.4 million to UNICEF to support close to 1,500 young people in Iraq to generate educational and economic opportunities for inclusive development and participation for a 2-year period. […]
WFP Iraq Country Brief
WFP Iraq Country Brief, March 2022 In Numbers 710,492 people assisted in March 2022 US$ 2.25 million distributed in March 2022 through cash-based transfers 1,686 mt of in-kind assistance distributed US$ 39.4 million six months net funding requirements (April - September 2022) Operational Updates In March, WFP provided cash and food assistance to 182,152 internally […]
Iraq launches Solidarity Program to Empower Civil Society
By John Lee. Iraq's Department of Non-Governmental Organizations, in cooperation with the United Nations Development Program (UNDP), has launched a project to empower civil society organizations in partnership with the Central Bank of Iraq (CBI), the Islamic Development Bank and the Islamic Solidarity Fund. The project aims to empower organizations and improve the social and […]