Explainer: How the U.S. Controls Iraq's Oil Revenues
By John Lee. How does the US control Iraq's oil revenues? Reuters has published an explainer, available via investing.com: Click here to view. (Sources: Reuters / Investing.com)
Iraq announces Oil Exports for December
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for December. Total exports of crude oil (including condensates): 107,651,061 barrels. Exports from the oil fields in central and southern Iraq amounted to 100,420,048 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 5,997,527 barrels. Exports to […]
ISC Launches Capital Market Strategy for 2026-2028
By John Lee. The Iraqi Securities Commission (ISC) has announced the launch of its strategy for 2026-2028, aimed at developing the Iraqi capital market, improving efficiency, and enhancing the investment environment in line with international standards. The strategy prioritises completion of the legislative and regulatory framework for the securities market, including follow-up on the enactment […]
Work Begins on Baiji Fertiliser Plant
By John Lee. Work has begun on the building of a compound fertiliser production plant in Baiji. The project is being implemented by the Northern Fertiliser Company, a subsidiary of the Ministry of Industry and Minerals, in partnership with ARJ Holding of the United Arab Emirates. According to a Ministry statement, current activities include excavation works […]
EY Assists Restructuring of Iraqi State Banks and Insurance
By John Lee. Discussions have been held on the restructuring of state-owned banks and the insurance sector as part of Iraq's financial reform programme. The meeting took place at the Ministry of Finance under the chairmanship of Minister of Finance Taif Sami Mohammed, with representatives of Ernst & Young, alongside senior officials from the Ministry […]
Iraq discusses Economic Reforms and Development with World Bank
By John Lee. Discussions have been held on economic reforms and support for development projects in Iraq. The meeting took place between Minister of Finance Taif Sami Mohammed and a delegation from the World Bank, focusing on cooperation to support the government's reform programme and expand major development projects nationwide. Key points discussed included: Improving […]
Iraq's Oil Sector "Emerging as Battleground for Russia, US"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Iraq's oil sector is emerging as battleground for Russia, US Upending dynamics in Iraq's energy sector, Baghdad has announced that it is nationalizing the West Qurna-2 oil field following the exit of […]
Gas Conversion of Iraqi Brick Factories Reviewed
By John Lee. A meeting has been held to review the conversion of brick factories to gas operation and to assess their production capacities in line with domestic market demand. The discussions covered environmental compliance and adherence to standards aimed at reducing pollution, as well as the challenges and obstacles facing factories that have already […]
Germany Supporting Financial Reform in Iraq
By John Lee. Discussions have taken place on launching the second phase of the Financial Reform Support Programme in Iraq. The meeting was held at the Ministry of Finance under the chairmanship of Minister of Finance Taif Sami Mohammed, with a delegation from the German Agency for International Cooperation (GIZ) and a representative of the […]
HKN discusses Hamrin Oil Field Development
By John Lee. Discussions have taken place regarding the investment and development of the Hamrin oil field, focusing on technical, economic, and contractual aspects of the project. The meeting was held on Thursday, 22 January 2026, at the headquarters of North Oil Company (NOC), with the participation of a delegation from HKN of the United […]
IRC: Overview of Iraq Protection Needs
From the International Rescue Committee (IRC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. IRC Iraq Protection Needs Overview April - September 2025 The IRC's protection monitoring assessments for the period April-September 2025 in Iraq were conducted using a mixed-methods approach. It serves as […]
Ex-Dana Gas CEO to Chair Genel Energy
By John Lee. Genel Energy has announced the appointment of Patrick Allman-Ward as an Independent Non-Executive Director and Chair of the Board, with effect from 9 February 2026. According to a statement from the company: "Patrick is a globally respected energy leader with over 40 years of international upstream experience. He served as CEO of […]