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)
Iran presses for Visa Waiver from Iraq
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran presses for Visa Waiver from Iraq Iranian authorities continue to pressure the Iraqi government into waiving its travel visa between the two countries. Click here to read the […]
Al-Sadr to sit out October Election
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Shiite leader Sadr to sit out October election Muqtada al-Sadr also said he would withdraw his support for the current government and its replacement. Click here to read the full […]
Launches of Young People's Advisory Group (YPAG) in Iraq
UNICEF Iraq launches the Young People's Advisory Group (YPAG) to enhance dialogue between UNICEF and young people in Iraq UNICEF announced its renewed commitment to support inclusive meaningful systematic participation of young people in Iraq, through the creation of the Young People's Advisory Group (YPAG), with the goal of empowering young people to be civically […]