Tenders "Issued" for Iraqi Oil Exports via Syria and Jordan
By John Lee. The Ministry of Oil has reportedly issued tenders to export Iraqi crude oil through the Syrian port of Baniyas and the Jordanian port of Aqaba, according to Oil Minister Hayan Abdul Ghani. In comments reported by the state-run Iraqi News Agency (INA), Abdul Ghani said Iraq remains heavily dependent on revenues from […]
$379m in Iraqi Assets Recovered from Abroad
By John Lee. Iraq Fund for the Recovery of Smuggled Assets has reportedly recovered approximately $379 million in Iraqi funds from abroad, according to its chairman, Mohammed Ali Al-Lami. Speaking to the state-run Iraqi News Agency (INA), Al-Lami said the fund is seeking to sign cooperation agreements with international and local institutions to strengthen its […]
Baghdad, KRG in Conflict over Northern Oil Exports
By John Lee. Iraq's Ministry of Oil and the Kurdistan Regional Government's Ministry of Natural Resources have issued statements outlining differing positions on the possible resumption of crude oil exports through the northern pipeline to the Turkish port of Ceyhan. The exchange comes amid regional disruption affecting exports through the southern system via the Strait […]
Iraq "To Restore Kirkuk-Turkey Pipeline"
By Charles Kennedy for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq To Restore Kirkuk-Turkey Pipeline as Iran War Chokes Off Exports Iraq is scrambling to restore a northern oil export route that would send crude from the Kirkuk fields directly to […]
Iraqi Airspace to Remain Closed Until Thursday Noon
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Thursday. 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 […]
Freight Under Pressure: Regional Instability Reshaping ME Logistics
By Rostom Aram, for Almas Group. Freight Under Pressure: How Regional Instability Is Reshaping Middle East Logistics The Middle East remains one of the world's most important logistics corridors, connecting production hubs in Asia with markets across Europe, Africa, and the wider region. However, periods of geopolitical tension continue to test the resilience of supply […]
DNO Sees Long-Term Oil Production in Kurdistan Licences
By John Lee. DNO has outlined the licence timelines and expected production outlook for its development and production assets in the Kurdistan Region of Iraq. In its recently-issued Annual Report for 2025, the company said the Tawke licence is due to expire in 2026, but includes an automatic five-year extension option that would extend the […]
Rafidain Bank Launches New SME Financing Round
By John Lee. State-owned Rafidain Bank has launched the 59th round of its "Leadership and Excellence" initiative to support small and medium-sized enterprises (SMEs). According to the bank, the new round allocates a total of IQD 1 billion (approximately $763,000) to 93 beneficiaries. The programme forms part of the entrepreneurship financing initiative supported by the Central […]
World Bank Sanctions Turkish Firm Over Corruption in Iraq
By John Lee. The World Bank has imposed a sanction of debarment with conditional release on the Turkish company Aktif Elektroteknik San ve Tic A.S. following findings of corrupt and fraudulent practices in Iraq. It said the company has been debarred for a minimum period of one year and three months. The firm may only be […]
UNDP Contract for Civil Society Empowerment Specialist
By John Lee. Rana Fadwa Sameer Adeeb Al-Dabbagh has won a contract with the United Nations Development Programme (UNDP) for "Civil Society Empowerment Specialist." Ref: 10514918/UNDP-IRQ-01986. Contract value is stated as $73,158. (Source: UNGM)
Directorate Change at Genel Energy
By John Lee. Genel Energy has announced that Sir Dominick Chilcott (pictured) has indicated his intention to retire from the Board at the AGM in May 2026. Sir Dominick has served for just under two years at Genel as Non-Executive Director, a member of the Remuneration Committee and the Nomination Committee. Patrick Allman-Ward, Chair of […]
Iraqi Airspace to Remain Closed Until Monday Noon
By John Lee. The Iraqi Civil Aviation Authority (ICAA) has extended the closure of Iraqi airspace to all arriving, departing and transit aircraft until 12:00 noon on Monday. 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 […]