Jiyad: Iraq's Oil Licensing Rounds, Ten Years On
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Oil Licenses Rounds - Views of the Architect and the Technocrat, Ten Years On Petroleum licensing rounds, 2009-2010, are the most significant and impacting development that took place in post 2003 […]
Iraq Oil Exports Flat for December
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for December of 101,579,927 barrels, giving an average for the month of 3.277 million barrels per day (bpd), almost equal to the 3.273 million bpd exported in November. The exports from the oilfields in central and southern Iraq amounted to approximately 98,570,290 barrels; […]
Certification of Election Results; a New Chapter in the Conflict
By Akeel Abbas for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Certification of election results opens new chapter in Iraq's political conflict Iraq's Federal Court has certified the recent election results, setting in motion the constitutional deadlines. Click here to […]
Investment Opportunities in Iraqi Marshes
By John Lee. The head of Iraq's National Investment Commission (NIC), Ms. Suha Daoud Najjar [Suha Dawood Najar] has reiterated the importance of reviving the Iraqi Marshes, and enabling them to receive tourists. At a meeting with the Director General of the Marshes, Mr. Hussein Ali Hussein, and his accompanying delegation, she said investment opportunities […]
Finland gives additional $1.7m for Stabilization in Iraq
Finland Renews Commitment to Stabilization With New Contribution The United Nations Development Programme (UNDP) in Iraq welcomes an additional EUR 1.5 million (US$ 1.7 million) contribution from the Government of Finland to its flagship programme the Funding Facility for Stabilization (FFS). The critical support will bolster ongoing efforts to stabilize the five governorates liberated from […]
Agreement Signed for Al-Faw Refinery Project
By John Lee. The preliminary principles agreement for the Al-Faw investment refinery project has been signed in Baghdad. The refinery will have a capacity of 300,000 barrels per day, while the petrochemical complex will be able to produce 3 million tons [per annum?]. The Minister of Oil, Ihsan Abdul-Jabbar Ismail, said that this project will […]
Iraqi Power Station Developer to provide Smart Meters
By John Lee. The Iraqi cabinet has required the developer of the Al-Khairat [Al-Khayrat] power station to also supply smart meters for use by domestic and industrial customers. According to a statement from the Cabinet, the investing company, which it says is Harlow International, will prepare between 100,000 and 150,000 smart meters, in addition to […]
Irish Company to Advise Iraq on Financial Info Management System
By John Lee. Iraq's Ministry of Finance has signed a contract with the Irish-based consultancy AARC Ltd to provide "advisory services regarding the preparation of functional and technical requirements and IFMIS [integrated financial management information systems] bid documents." According to a statement from the Ministry, the project has an implementation period of 17 months, and […]
Erbil and Iran sign MoU to Increase Trade
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Erbil and West Azerbaijan provinces sign MoU to increase trade The governors of Erbil and Iran's Kurdish-majority West Azerbaijan provinces met on Tuesday and signed a memorandum of understanding (MoU) to increase trade movement […]
Ramadi Youth Centre Opens
Once an ISIL Prison, today a safe space for young people; MOYS, UNFPA inaugurate Ramadi Youth Centre The Ministry of Youth and Sports, the Governorate of Anbar and UNFPA re-opened the Ramadi Youth Safe Space on 25 December. The Youth Safe Space serves as a place for girls and boys to receive life and leadership […]
Iraq joins China's AIIB as a "New Prospective Member"
The Board of Governors of China's Asian Infrastructure Investment Bank (AIIB) has approved the application of Iraq to join the Bank. Iraq becomes AIIB's 51st regional member, bringing the Bank's approved membership to 105 in total. As a multilateral development bank with the mission of financing infrastructure for tomorrow, AIIB aims to support its members […]
Iraqi Supreme Court Ratifies Election Results
By John Lee. The Iraqi Supreme Court has reportedly ratified the results of October's parliamentary election. Pro-Iranian groups had challenged the result, which was a victory for Moqtada al-Sadr, who opposes influence from both Iran and the US. The court's decision means that negotiations can now officially begin on the formation of a new government. […]