Iraq to Invest $3bn in Basra Gas Company
By John Lee. Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail (pictured), has said that Iraq will invest $3 billion in the Basra Gas Company (BGC) over the next five years, as it pushes ahead with plans to increase gas production. The money will fund projects intended to increase BGC's gas production capacity from 1,000 to 1,400 […]
Iraq may Buy Exxon stake in West Qurna 1
By John Lee. Press reports quote Iraq's oil minister as saying that Iraq could buy ExxonMobil's 32.7-percent stake in the West Qurna 1 oil field. Ihssan Abdul-Jabbar Ismail told a news conference on Monday that the government might purchase the stake via the state-owned Basra Oil Company (BOC). BOC previously took over the Majnoon field […]
Audio: How Can Iraq Upgrade Its Banking Sector?
From the Iraqi Voices podcast. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How Can Iraq Upgrade Its Banking Sector? Iraqi Voices hosts Akel Al-Ansari, a commercial banking specialist, to discuss the current state of the banking sector in Iraq and what is […]
COVID-19: Iraq announces 10-Day Lockdown
By John Lee. The Iraqi Cabinet on Tuesday approved a recommendation by the Higher Committee for Health and National Safety to impose a 10-day full curfew from May 12th to 22nd, following a rise in COVID-19 infections across the country. All malls, restaurants, cafes, cinemas, event and wedding halls, swimming pools and gyms will be […]
In Conversation with Carol Isaacs, author of The Wolf of Baghdad
From Iraq Solidarity News (Al-Thawra). Re-published with permission by Iraq Business News. Regular readers [of Iraq Solidarity News] will be familiar with the story of The Wolf of Baghdad by Carol Isaacs. Through Carol's graphic memoir, The Wolf of Baghdad has introduced new people to a 20th century experience by Iraq's Jewish community, which is […]
Market Review: "On the Economics of Coiled springs, Crouching Tigers, and Chicken Lickens"
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "On the Economics of Coiled springs, Crouching Tigers, and Chicken Lickens" The market, as measured by the Rabee Securities RSISX USD Index, continued […]
Sallyport wins $240m Iraq Contract
By John Lee. US-based Sallyport Global Holdings, part of the Caliburn International group, has been awarded a not-to-exceed $240,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in the support of the Iraq F-16 program. Work will be performed on Balad Air Base, Iraq, and is expected to […]
Iraq Oil Export Volumes Flat for April
By John Lee. Iraq's Ministry of Oil has announced preliminary 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 […]
Iraqi, Syrian Oil Ministers discuss Gas Imports
By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi, Syrian oil ministers discuss gas imports The Iraqi and Syrian oil ministers talked about the possibility of transporting Egyptian gas to Iraq through Syria during a meeting in Baghdad. Click here to […]
Iraq Finalises Oil Exports for March
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for March of 91,311,929 barrels, giving an average for the month of 2.946 million barrels per day (bpd), down slightly from the 2.960 million bpd exported in February. The exports from the oilfields in central and southern Iraq amounted to approximately 88,240,184 barrels, […]
Iraq Pays another $380m Reparations to Kuwait
By John Lee. The United Nations Compensation Commission (UNCC) made available $380 million to the Government of the State of Kuwait towards the Commission's remaining claim with an outstanding award balance. The United Nations Compensation Commission is a subsidiary organ of the United Nations Security Council. It was established in 1991 in accordance with Security […]
Invest in Iraq's Potential -- or Pay for Its Neglect
By Sajad Jiyad, for The Century Foundation (TCF). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Invest in Iraq's Potential -- or Pay for Its Neglect Iraq is currently teetering on the edge of collapse. Its economy is struggling, the country is reeling […]