Climate Crisis Worsens Desertification in Iraq
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Climate crisis worsens desertification in Iraq The Iraqi authorities are warning of the high rate of desertification in the country amid other environmental and economic problems. Click here to […]
Iraq Oil Revenues Hit New High
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for May of 102,303,020 barrels, giving an average for the month of 3.300 million barrels per day (bpd), slightly down from the 3.380 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 98,946,914 barrels, […]
Iran Reduces Gas Supply to Iraq, as Iraq Misses Payment
By John Lee. Iran has reduced its gas supply to Iraq by 5 million cubic meters per day, causing a reduction in electricity production, according to a statement on Wednesday from Iraq's Ministry of Electricity. The Iranian government had demanded payment of debts relating to gas supply, which AFP says totals $1.6 billion and dates […]
Dispute over Iraqi Kurdistan's Energy Resources ramps up
By Haider Ibrahim for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Dispute over Iraqi Kurdistan's energy resources ramps up The Iraqi Ministry of Oil has announced plans to establish a new oil company for the Kurdistan Region. Click here to […]
UN in Iraq releases its Annual Report
The United Nations Country Team (UNCT) in Iraq released its annual report for the year 2021, contributing to Iraq achieving its own development goals, to build back better and to leave no one behind. The report highlights UN serving more than 4.2 million beneficiaries, including displacement affected populations, increasing access to services in priority sectors […]
Hyatt Regency Residences opens in Erbil
By John Lee. Hyatt Hotels Corporation has opened its Hyatt Regency Erbil Residences in Iraq. Located next to the World Trade Center, in Erbil's Gulan Park development, the project offers long-term accommodation in 93 serviced apartments. The adjoining 204-room hotel, Hyatt Regency Erbil, is expected to open in 2026. (Source: Hyatt)
Iraq expands Criminalization of Normalization with Israel
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraq expands criminalization of normalization with Israel Iraq's parliament has voted to criminalize any form of normalization with Israel, threatening the worst offenders with life imprisonment or the death penalty. The […]
KRG Minister of Natural Resources Resigns
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG Minister of Natural Resources resigns The office of the Kurdistan Region Prime Minister announced on Thursday that Minister of Natural Resources, Kamal Atroshi (pictured), has resigned from his post over health issues, at […]
University of London Degree Programmes to be offered in Kurdistan
University of London degree programmes to be offered in Kurdistan Region of Iraq H.E. Mr Aram Mohammed Qadir, The KRG Minister of Higher Education and Scientific Research, visited University of London on Thursday 26th of May to discuss setting up a London University Campus in Erbil. The Minister met with several university officials including Vice […]
China Wins Engineering Deal for Giant Iraqi Gas Plant
By John Lee. China Petroleum Engineering Procurement & Construction (CPECC) has reportedly won an engineering contract for a plant to process gas from the Gharraf (Garraf) and Nasiriyah fields. According to Upstream Online, the contract was awarded by lead contractor Baker Hughes. More here (subscription required) (Source: Upstream Online)
US disturbed by Iraqi Law Criminalizing Israel ties
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US disturbed by Iraqi law criminalizing Israel ties The US State Department said the new Iraqi law promotes "an environment of antisemitism." Click here to read the full article. (Picture: Iraqi […]
Could Iraq Dethrone Saudi Arabia as Largest Oil Producer?
Writing in Oil Price, Simon Watkins examines recent statements by Iraq's Oil Minister, Ihsan Abdul-Jabbar, that the country aims to increase its crude oil production to 6 million barrels per day (bpd) by the end of 2027. Click here to read the full article.