Haditha-Baniyas Oil Pipeline Project Reviewed
By John Lee. Steps to implement the strategic Haditha-Baniyas crude oil pipeline project have been reviewed. The discussions focused on completing technical and logistical studies required to advance the project, which is intended to diversify Iraq's export outlets and increase crude oil export capacity. According to the Ministry, the pipeline is designed to enhance flexibility […]
Iraq to Build New Motorcycle Factory
By John Lee. Iraq's Council of Ministers has approved a new factory for the production of motorcycles and electric motorcycles. At its meeting on Tuesday, it approved the issuance of a licence to Babel Al-Dhahabiya Company for General Trading and the Trading and Manufacturing of Cars and Motorcycles. (Source: PMO)
Iraq Prepares for Anti-Money-Laundering Evaluation
By John Lee. A workshop has been held on preparations for the next phase of Iraq's mutual evaluation process on anti-money laundering and counter-terrorism financing (AML/CFT) at national and sectoral levels. The event was organised by the Central Bank of Iraq (CBI)'s Anti-Money Laundering and Counter-Terrorism Financing Office, in cooperation with the Ministry of Interior […]
UK, German, Turkish Firms in reported Waste-to-Energy Deal
By John Lee. A memorandum of understanding (MoU) has reportedly been signed for a 30MW waste-to-energy plant in Babil. According to Shafaq News, companies involved include UK-based IM Power, headed by Gordon Dickey; German company SIMS; and Turkish construction company ESTA. The full article can be viewed here.
Genel Energy issues Trading and Ops Update
By John Lee. Genel Energy has issued a trading and operations update in advance of the company's full-year 2025 results, which are scheduled for release on 18 March 2026. Regarding the company's operations in Iraqi Kurdistan, it said: Production performance improved in the fourth quarter, supported by workovers and well interventions. Average production in unaffected […]
US Revives Terrorism Lawsuit against Pharma Firms in Iraq
By John Lee. The United States Court of Appeals for the District of Columbia Circuit has reinstated a lawsuit against several pharmaceutical and medical-device companies, regarding their activities in Iraq. The original lawsuit claimed that the companies knowingly financed terrorist attacks in Iraq following the overthrow of Saddam Hussein, through their support to the Ministry […]
Trump Warns Against Return of Maliki as Prime Minister
By John Lee. US President Donald Trump has warned that Iraq would face serious consequences if Nouri al-Maliki were to return as Prime Minister. In a statement posted on Truth Social, Trump said that Iraq had experienced instability and economic decline during Maliki's previous term in office. He added that, if Maliki were reinstated, the […]
Maliki's Return as Iraqi PM "Far from Assured"
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Maliki gains shock nomination, but return as Iraq's prime minister far from assured In Iraq, the Shiite Coordination Framework has nominated former premier Nouri Al-Maliki (2006-14) as its candidate for prime minister. The […]
Gulfood 2026 Delivers Landmark Two-Venue Success
Gulfood 2026 Delivers Landmark Two-Venue Success, Uniting Global Food Trade at Record Scale Amid 11.3% CAGR growth in food security technology, Gulfood 2026 stood as a strategic engine for industry advancement as each sector spotlighted breakthrough innovations restructuring the world's food economies Gulfood 2026 delivered decisively on its global mandate, transforming scale into substance through […]
Gas Supply Agreements Signed for Chemchemal Field
By John Lee. Long-term gas sales agreements have been signed to supply natural gas from the Chemchemal field to major industrial consumers in the Kurdistan Region of Iraq. The agreements were announced by Dana Gas PJSC and Crescent Petroleum, together with their partners in the Pearl Petroleum Consortium. They provide for the supply of up […]
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 […]