Iraq announces Oil Exports for January
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for January 2026. Total exports of crude oil (including condensates): 107,616,220 barrels. Exports from the oil fields in central and southern Iraq amounted to 101,160,349 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 6,455,871 barrels. Average […]
Dinar Weakness: CBI "Not Responsible"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Central Bank denies responsibility for dollar exchange rate gap An official from the Central Bank of Iraq (CBI) told Rudaw on Wednesday that the bank is not responsible for the widening gap between […]
Kapita Research and Iraq Business News Announce Strategic Partnership
Kapita Research, Iraq Business News Announce Strategic Partnership New MOU expands access to high-quality, data-driven market intelligence on Iraq Kapita Research and Iraq Business News (IBN) have signed a Memorandum of Understanding (MOU) to formalise a strategic collaboration aimed at broadening access to high-quality, data-driven business and market intelligence on Iraq. The partnership brings together […]
US Firm Cleared for Iraq Floating Gas Terminal
By John Lee. Iraq's Council of Ministers has authorised the Ministry of Electricity to contract Excelerate Energy for the construction of a floating platform to import liquefied natural gas (LNG). The decision forms part of ongoing efforts to establish a floating LNG import terminal and is based on Cabinet Decision No. 878 of 2025. In […]
$65bn Investment Planned for Al-Tayeb Economic City
By John Lee. A $65-billion investment is planned to transform the Al-Tayeb border area into a multi-service economic city, according to the National Investment Commission (NIC). Commission Chairman Dr Haider Mohammed Makkiya (pictured) told the state-run Iraqi News Agency (INA) that Al-Tayeb is envisaged as an economic city covering more than 120,000 dunams, with total […]
Iraq Reimposes Vehicle Tariffs, Sparks Price Hikes
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Reimposes Vehicle Tariffs, Sparks Price Hikes Across Markets The enforcement of customs tariffs has led to immediate price adjustments in the automotive sector, broader market uncertainty, and calls from merchants for consumer support […]
MoneyHash Partners with Wayl to Enter Iraqi Payments Market
By John Lee. MoneyHash has announced a partnership with Wayl to support international and regional businesses expanding into Iraq's payments and e-commerce market. Under the agreement, MoneyHash will extend its payment orchestration services into Iraq by integrating Wayl's local payment infrastructure, enabling merchants to navigate domestic payment requirements and operational frameworks. Through the partnership, merchants […]
KBR Wins Majnoon Oilfield Management Contract
By John Lee. US-based KBR has been awarded a major contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) for the Majnoon oil field in southern Iraq. Majnoon is one of the world's largest oil fields, with estimated reserves of more than 38 billion barrels. Under the IFMS contract, KBR will deliver: […]
Chevron Signs Agreements for West Qurna 2, and Additional Fields
By John Lee. Preliminary principles agreements have been signed covering the transfer and development of several oil fields in southern and central Iraq. The first agreement was signed between Basra Oil Company (BOC) and US oil major Chevron for the transfer of management of the West Qurna 2 field. A second agreement was signed between […]
Iraq Deposits Maritime Zones Map; Kuwait Lodges Protest
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed that Iraq has formally deposited its maritime zones map and associated coordinates with the United Nations (UN), in a move aimed at consolidating its maritime rights and strengthening its legal position in boundary matters. Director General Dr Farhan Al-Fartousi said the deposit […]
Maliki Confirms PM Bid; Says Backs Civilian Govt
By John Lee. Nouri Al-Maliki (pictured), head of the State of Law Coalition, has confirmed that he will not withdraw his candidacy for the post of Prime Minister, in remarks to Agence France-Presse (AFP) on Monday. He said that any US messages are directed to the Iraqi state rather than to him personally, and rejected […]
Central Bank of Iraq Warns of Currency-Related Fraud Schemes
By John Lee. The Central Bank of Iraq (CBI) has warned citizens of fraudulent schemes involving counterfeit and non-circulating banknotes designed to defraud victims for financial gain. In a statement, the CBI outlined several common methods currently observed in Iraq: "$1,000,000" banknotes sold as legal tender, despite being commemorative notes with no monetary value. The […]