Najaf launches Road Project with Saudi Arabia
By John Lee. The Governor of Najaf governorate has announced a new road project linking the governorate with Saudi Arabia. Luay Al-Yassiry (pictured) is quoted as saying that the project will include the paving a 239-kilometer road, and the building of border outlets and areas for trade. The first phase of the project includes paving […]
Fix-it Wins Local Stage of the Seedstars Competition
The 94 local winners of the Seedstars World Competition (SSW) 2020 have been announced and maintenance service startup Fix-it is set to represent Iraq in the next round of the competition. From the MENA region, 18 startups are set to compete for a spot at the Global Finale, where the grand prize is $500K in […]
Liftings underway at Sarta
By John Lee. Genel Energy has announced that, following first oil production last week, first liftings have taken place from the Sarta field (Genel 30% working interest). According to a statement from the company, the Sarta-3 well is producing at an initial rate of over 5,000 bopd, with an API gravity of c.27 degrees, in […]
Cabinet tightens up on Public Sector Salaries
By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet decided to: Approve the recommendations from the specialist working group to complete the comprehensive database of all those who work in the public sector, and to allocate a unique employment number […]
Iraq cuts Oil Exports in November
By John Lee. Iraq's Ministry of Oil has announced initial oil exports for November of 81,262,376 barrels, giving an average for the month of 2.709 million barrels per day (bpd), down from the 2.876 million bpd exported in October. These exports from the oilfields in central and southern Iraq amounted to approximately 78,190,444 barrels, while […]
Dana Gas announces Record Gas Deliveries for Khor Mor
By John Lee. UAE-based Dana Gas has announced that the production of sales gas from Pearl Petroleum's Khor Mor Gas Plant in the Kurdistan Region of Iraq (KRI) reached a record level of 418MMscf/d on 18 November 2020. Dana Gas, which owns a 35% stake in Pearl Petroleum, registered a 6% year on year increase […]
Nokia selected for ITPC Network in Iraq
Nokia to deploy internet gateway for ITPC network in Iraq Finland's Nokia has announced that its IP routing technology has been selected for Informatics and Telecommunications Public Company (ITPC) - one of the companies of Iraq's Ministry of Communication (MoC) - to serve as the main backbone of the country's internet infrastructure. The deployment aims […]
1.9m Iraqi Children to be Vaccinated against Polio
More than 1.9 million Iraqi children in high risk governorates to be vaccinated against polio On Sunday, Iraqi health authorities, in partnership with the World Health Organization (WHO) and UNICEF began a mass polio vaccination campaign targeting more than 1.9 million children under the age of five. The campaign will be conducted in locations across […]
Reopening of Border to drive Saudi Investment in Iraq?
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. Will reopening of border crossing drive Saudi investment in Iraq? The recent reopening of the Iraqi border crossing of Arar with Saudi Arabia in a bid to enhance trade […]
Norway Renews Commitment to Stabilization in Iraq
Norway renews commitment to stabilization with new $7.7m contribution The Government of Norway has contributed NOK 70,000,000 (US$7.7 million) to the United Nations Development Programme (UNDP) Iraq's Funding Facility for Stabilization (FFS), which supports stabilization and the return of internally displaced persons (IDPs) from the five governorates liberated from the Islamic State of Iraq and […]
Federalism and Iraq's Constitutional Stalemate
By Raad Alkadiri, Senior Director, Boston Consulting Group's Center for Energy Impact, for the Royal Institute for International Affairs (Chatham House). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Federalism and Iraq's Constitutional Stalemate This paper assesses the ongoing constitutional battle over the devolution […]
UN "Gravely Concerned" about IDP Camp Closures
Statement from the United Nations Resident and Humanitarian Coordinator, Irena Vojackova-Sollorano (pictured), on IDP camp closures in Iraq: I am gravely concerned about the thousands of civilians who have been moved from camps for Internally Displaced Persons (IDPs) in Iraq in the last six weeks and have not yet found new homes. The Government of […]