Power On: A Neighborhood Transformed
From UNDP: How restoring electricity has transformed the lives of residents in Mosul. Click here to read the full article.
A Strategy for Iraq: Guidelines for the Biden Administration
By Bilal Wahab, Joey Hood, Jane Arraf, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A senior State Department official, a Baghdad bureau chief, and an Iraqi scholar explore the opportunities and increasingly desperate dangers facing […]
China Buys "nearly Half" of Iraq's oil
By John Lee. An advisor to Iraqi Prime Minister Mustafa al-Kadhimi has said that nearly half of the country's oil exports go to China, making China the number one market for Iraqi oil. Speaking on Thursday, Mazhar Muhammad Salih said that China accounts for about 40-44 percent of Iraqi oil exports, equating to about 800,000 […]
Funds Allocated for Road Improvement in Baghdad
By John Lee. The Iraqi Government has reportedly allocated a budget of $162 million for road improvement in Baghdad. According to World Highways, the works will include maintaining and widening existing roads, and building three new bridges. The client will be the Baghdad Municipality, and the tender process is due to open shortly. (Source: World […]
LUKoil Confirms possible Reduction of Stake in West Qurna-2
By John Lee. The Chief Executive of Russia's LUKoil has reportedly confirmed that the company may reduce its stake in Iraq's West Qurna-2 oil field. Reuters cites Vagit Alekperov as making the comment on Thursday during a visit to the company's facilities in Nizhny Novgorod. (Source: Reuters)
Iraq's Health System: Another Sign of a Dilapidated State
By Massaab Al-Aloosy, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Entrenched corruption in Iraq's health system is costing people their lives. Click here to read the full article.
Seven Power Plants For Oil Refineries In Iraq
By John Lee. The Anglo Belgian Corporation (ABC) and Kunz have been selected to contract and design seven power plants (14 gensets) for several oil refineries in Iraq. The generated power contributes to the start and back-up process of these refineries and is independently generated by two gensets on each site. The complete gensets were […]
"Cautious Steps" toward Privatizing Iraq's Electricity Sector
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq takes cautious steps toward privatizing electricity sector With the increasing power cuts in Iraq, calls are mounting to expand privatization as a permanent solution. Click here to […]
Iraq, Saudi discuss Cooperation in Economy and Investment
By John Lee. On Monday, Prime Minister Mustafa Al-Kadhimi received the Saudi Minister of Commerce, Majid bin Abdullah Al Qasabi, and his accompanying delegation. During the meeting, they discussed the development of bilateral relations between Baghdad and Riyadh, and ways to enhance cooperation in the fields of economy and investment, and to work to enhance […]
IMF Report into Iraq's Customs and Tariffs
By John Lee. The International Monetary Fund (IMF) has published a new report into Iraq's customs and tariff arrangements. This report summarizes key findings and recommendations from a remote technical assistance (TA) assignment performed by a short-term expert (STX), Mr. Djamel Bouhabel, from January 17 to February 4, 2021, to the General Customs Authority of […]
Dana Gas Expansion Plans "Well Underway" in Kurdistan
By John Lee. Dana Gas PJSC announced that its H1 2021 collections from the Kurdistan Region of Iraq (KRI), and Egypt have increased 106% year-on-year to $185 million (AED 678m), the highest level in more than five years. Dana Gas, which owns a 35% stake in Pearl Petroleum, saw its share of collections from sales […]
Iraq, Jordan sign Agreement on Electrical Interconnector
By John Lee. Iraq and Jordan have reportedly signed an agreement to implement the electrical interconnector between the two countries. The Iraqi and Jordanian Ministers of Electricity met to discuss the details of the project on Thursday. (Source: Shafaq, Basnews)