Iraq Finalises Oil Exports for April
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for April of 88,398,319 barrels, giving an average for the month of 2.947 million barrels per day (bpd), effectively the same as the 2.946 million bpd exported in March. The exports from the oilfields in central and southern Iraq amounted to approximately 85,534,916 […]
Anti-Corruption Bill sparks Debate
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi president's anti-corruption bill sparks debate Iraqi President Barham Salih has announced the submission of a bill to the country's parliament entitled "Recovering the Proceeds of Corruption." The president claims that widespread corruption […]
EUR15m Anti-Corruption Project in Iraq
Fostering justice to curb corruption in Iraq: €15 million project supports transparency and accountability across state institutions A EUR 15 million initiative aimed at curbing corruption in Iraq and bolstering transparency and public accountability has been launched today in partnership between the European Union Delegation to Iraq, the United Nations Development Programme (UNDP), and Iraqi […]
Iraqi President: $150bn Smuggled from Iraq since 2003
By John Lee. Iraqi President Barham Salih [Saleh] has claimed that an estimated $150 billion has been smuggled out of Iraq since 2003. In a televised address, he said that this was from a total of close to $1 trillion in oil revenues. He added: "As I introduce a draft law to parliament to recover […]
Video: The Baghdad-Erbil Budget Divide
Breaking the Impasse: The Baghdad-Erbil Budget Divide On May 20, 2021, the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS) hosted a public webinar with Ahmed Tabaqchali (Senior Fellow, IRIS), Megan Connelly (Non-Resident Fellow, IRIS), and Sarwar Abdullah (Lecturer, University of Sulaimani), moderated by IRIS Researcher Hamzeh al-Shadeedi. […]
Impunity "Will Cast a Pall Over Iraq's Elections"
By Belkis Wille, for Human Rights Watch (HRW). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Impunity for Killings Will Cast a Pall Over Iraq's Elections When protests erupted in Baghdad and other parts of central and southern Iraq in October 2019, tens of […]
Rumaila Oilfield "delivers Strong 2020 Performance"
The Rumaila Operating Organisation (ROO) has announced its 2020 performance results. The field's oil production rate averaged 1.392 million barrels per day (bpd), despite the impact of COVID-19, a budget reduction and compliance with instructions from BOC to reduce oil production, which reflected OPEC+'s request for Iraq to curtail oil exports. The year's strong performance […]
ADIB launches Digital Banking Platform in Iraq
Abu Dhabi Islamic Bank (ADIB) has said it will strengthen its presence in Iraqi market by launching "ADIB Direct", a digital platform that meets the growing business demands in Iraq. ADIB Direct is an intuitive digital banking platform that integrates a suite of corporate banking solutions into a single, streamlined interface. The platform offers cash […]
Petrofac Iraq Revenues Down
By John Lee. Petrofac has announced that for the year ended 31st December 2020, the company had revenues of $238 million in Iraq -- $105 million in engineering and construction, and $133 in engineering and production services. This represented about 6 percent of the company's total turnover, and was down from a total of $325 […]
New Steel Factory in Opens in Erbil
KRG Prime Minister Masrour Barzani on Tuesday inaugurated the largest and most advanced steel factory in Iraq and the Kurdistan Region which will create 1,000 job opportunities, a flagship project of the Kurdistan Regional Government's ambitious economic reform agenda. At the inaugural ceremony, the Prime Minister affirmed the industrial project is one of many strategic […]
The Station launches Entrepreneurship Program in Mosul
With the support of Asiacell, The Station Foundation is currently implementing I'dad program as part of the services provided to entrepreneurs, university students, and recent graduates. The program aims to prepare some trainers from the city of Mosul in the fields of entrepreneurship and design thinking in all its stages through intensive training which lasted […]
Europe "needs to take a Lead on Iraq"
By Christian Koch, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Europe needs to take a lead on Iraq As it is beginning, the Biden administration has an opportunity to refocus US attention in the Middle East, and in […]