KRG discusses Implementation of new Reform Law
KRG Prime Minister Masrour Barzani chaired a cabinet meeting on Wednesday to discuss the implementation of the KRG’s ambitious Reform Law. The meeting of cabinet ministers was attended by the heads of the Financial Monitoring Diwan and Commission of Integrity in Kurdistan, as well as the President of Public Prosecutions. Prime Minister Barzani emphasised the […]
NATO to Expand Iraq Training Mission
NATO Secretary General Jens Stoltenberg announced on Wednesday (12 February 2020) that Allied ministers had reaffirmed their support to Iraq and agreed in principle to enhance NATOs training mission. In the first instance, this will consist of taking on some of the Global Coalition’s current training activities. Ministers also agreed to explore what more could […]
Russia may Triple Investment in Iraqi Oil
By John Lee. Investment by Russian oil and gas companies in Iraq may increase three-fold, according to a report by Tass. It quotes Russian politician Yury Fedorov [Nikolay Vasilyevich Fyodorov] as telling the Iraqi Ambassador to Russia, Abdul-Rahman Al-Husseini, that the total investment in Iraq by companies such as Lukoil, Bashneft and Gazprom Neft has […]
Iraq "likely" to get New Waiver for Iran Gas Imports
By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq likely to continue importing Iranian natural gas under US waiver renewal Iraqi officials have indicated that the United States is likely to renew a key Iran sanctions waiver […]
Will New PM pass on Forming Govt?
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Will Iraq's new PM pass on forming government? Iraq's newly appointed prime minister Mohammed Tawfiq Allawi has a difficult task ahead as he seeks to form a new government. He […]
More New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Mosul Sugar Factory, State Company for Food Products Mortar guns, State Company for Military Industries Technology Transfer for manufacturing small arms, State Company for Military Industries Technology Transfer for manufacturing propellant charge, State Company for Military Industries Technology Transfer for manufacturing […]
Outgoing Government silent on China Pact
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's outgoing government keeps mum on China pact Iraq's pro-government Shiite blocs are alleging an economic agreement signed between outgoing Prime Minister Adel Abdul Mahdi and China in September […]
Iran's $1.4bn Deal for Oilfields near Iraq Border
By John Lee. The National Iranian Oil Company (NIOC) has agreed a $1.4-billion deal to develop two oilfields in Khuzestan, near the border with Iraq. The National Iranian South Oil Company (NISOC) and Iran's MAPNA Group signed a ten-year contract within the IPC framework, to improve the recovery rate, increase production and exploitation of the […]
Oil Production Falls at Garraf Field
By John Lee. Production at the Garraf [Gharraf] oil field in southern Iraq has reportedly fallen to an average of around 93,000 barrels per day (bpd) in January. According to S&P Global Platts, officials from Japan Petroleum Exploration (JAPEX) said on Monday that the drop was due to delays in drilling works. It added that […]
Iraq to Cut Production at Nahr Bin Umar
By John Lee. The Basra Oil Company (BOC) will reportedly reduce production at the Nahr Bin Umar oilfield due to pollution and gas emissions. Director General Ihsan Abduljabbar [Ihsan Abdul Jabbar Ismail] is quoted as saying that the field is considered one of Iraq's most controversial because of pollution and gas emissions. (Source: Reuters)
This Valentine's Day, send your love to Ayda
Ayda (not her real name) lives with her mother and little brother in a house built of mud and sheet metal in a poor neighborhood in Baghdad. She attends the Hope Bus regularly and also works collecting empty cans from landfill to support her family. Ayda loves going to the Hope Bus because she gets […]
Video: Iraq Struggles to switch to LPG
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq struggles to switch from use of imported fuel to national gas The Iraqi government is trying to get people to switch from imported fuel to locally produced gas. All new public transport […]