Hormuz Closure: Iraq Oil Production Down, but Refineries Operating
By John Lee. The Iraqi Cabinet has authorised the Ministry of Oil to exercise the necessary powers to address a potential crisis in crude oil and petroleum product exports resulting from the closure of the Strait of Hormuz. The decision relates to anticipated disruptions to export operations and is intended to enable the Ministry to […]
How Chevron's New Deals Could Transform Iraqi Oil
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Chevron's New Deals Could Transform Iraq's Production Outlook The very recent signing of two sets of major oil deals by U.S. oil giant Chevron following the forced withdrawal of Russian […]
Baghdad to Host Arab Entrepreneurship Summit 2026
By John Lee. The Council of Ministers has approved the holding of the Arab Entrepreneurship Summit 2026 in Baghdad in November 2026. The cabinet also agreed to form a preparatory committee, chaired by the Minister of Planning and comprising relevant entities, to oversee arrangements for the summit. (Source: PMO)
Silo Manufacturing Inspected in Switzerland
By John Lee. A delegation from the Ministry of Trade has visited the manufacturing facilities of Bühler Group in Switzerland to review progress on the five metal silos project. The visit focused on overseeing production stages and monitoring implementation of the electromechanical equipment and materials designated for the scheme. The delegation was headed by Dr […]
The Changing Perceptions of Iraq
From the Iraq Britain Business Council (IBBC): You could be forgiven for thinking that Iraq is only dependant on oil and is a country struggling with conflict. However, reality has moved on from old perceptions and scarcely reflect the recent changes and dynamics that are tangible and progressing well. With a stable economic and political […]
Production Halted at Three Kurdistan Oil Fields
By John Lee. Gulf Keystone Petroleum (GKP) has announced the temporary shut-in of production operations at the Shaikan field in the Kurdistan Region of Iraq, citing the developing regional security environment. The company said it has taken measures to protect staff and confirmed that its assets have not been impacted. Shares in GKP closed down […]
OPEC+ Agrees to Increase Oil Production
By John Lee. Iraq participated via video link in a meeting of OPEC+ countries to review global oil market conditions and the production outlook. The group agreed to modestly increase oil production starting April 2026, adding 206,000 barrels per day, as part of a gradual unwinding of earlier voluntary output cuts, citing stable economic conditions […]
Top 10 Dinar Articles from February
The following were the ten most read dinar-related articles on Iraq Business News for the month of February: Iraqi Dinar Speculation "Misplaced" -- CBI Boss Iraqi Dinar Falls Against Dollar 2026: The Year Iraqi Dinar Speculators Finally Strike Gold? Central Bank Advances Iraqi Banking Reform, Eases Foreign Transactions The Iraqi Dinar Revaluation Deception: 10 Persistent […]
Drone Shot Down Near Mosul Dam
By John Lee. Iraqi security forces have shot down a locally manufactured drone that was flying near Mosul Dam at 20:00 on Monday. According to a statement from the Joint Operations Command, the drone was intercepted and brought down without reported damage to the site. The command said security units continue to implement measures to […]
Operation Epic Fury: "Iraq Braces for Escalation"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq braces for escalation amid fears of fallout from Iran-Israel-US war The continued region-wide confrontation has put Iraq on a knife's edge, driving fears that the country could be dragged further into the […]
Iraqi Airspace to Remain Closed Until Wednesday Noon
By John Lee. Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Wednesday. 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 developments […]
Jiyad: Preliminary Assessment of Chevron Agreements
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Preliminary Assessment of MoO-Chevron Agreements On February 23, 2026, the Ministry of Oil (MoO) website published a very brief statement indicating the signing of bilateral and trilateral settlement and framework agreements with […]