Iraq announces Oil Exports for October
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for October. Total exports of crude oil: 110,923,047 barrels. Exports from the oil fields in central and southern Iraq amounted to 104,816,106 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 5,834,864 barrels. Exports to Jordan amounted […]
Board of Iraq Development Fund discusses Key Projects
By John Lee. On Monday, Prime Minister Mohammed Shia' Al-Sudani chaired a Board meeting of the Iraq Development Fund to review progress on key strategic and investment projects overseen by the fund. The meeting discussed the "Eduba" schools construction project, for which the first phase has been launched, and reviewed a Ministry of Finance report […]
Phase 3 of Central Children's Hospital Opens in Baghdad
By John Lee. Prime Minister Mohammed Shia' Al-Sudani opened the third phase of rehabilitation works at the Central Children's Hospital in Baghdad, after the facility was fully completed and restored to its full capacity of 400 beds. During the opening ceremony, he said the hospital is one of Baghdad's most important specialised medical facilities, noting […]
Iraqi Payments Council Reviews e-Payments Adoption
By John Lee. The Central Bank of Iraq (CBI) chaired the latest meeting of the Iraqi Payments Council to review progress in adopting electronic payment systems across government institutions and the private sector. The meeting discussed the procedures and mechanisms used by ministries and public sector bodies to implement e-payment technologies, the level of progress […]
CBI Denies Dinar Revaluation Rumours as Inflation Falls
By John Lee. The Central Bank of Iraq (CBI) has said that its monetary policies have pushed inflation to historically low levels, adding that there is no intention to amend the exchange rate of the Iraqi dinar (IQD). In a statement issued on Monday (24th November), the bank rejected rumours of a possible exchange rate […]
Work Starts at Iraq's First Infant Formula Factory
By John Lee. A new infant formula plant has begun construction in Baghdad, marking the launch of Iraq's first factory dedicated to producing baby milk and fortified nutrition products. The facility, the Mohannad Ali Abdullah Infant Formula Factory, is being built by the Qatari construction company Magnum and will manufacture infant formula for the Turkish […]
Vectrus Wins $252m Iraq Defense Contract
By John Lee. Colorado-based Vectrus Systems LLC [V2X] has been awarded a $252,050,925 cost-plus fixed-fee indefinite contract action for base support services in support of the Iraq F-16 program. This contract provides for base operating support, base life support, and security services. Work will be performed at Martyr BG Ali Flaih Air Base (formerly Balad Air Base), […]
Prometheus to supply Fire Protection for New Nassiriya Depot
By John Lee. Italy's Prometheus will supply its ProFlex passive fire protection systems for the New Nassiriya Depot Project, where China Petroleum Pipeline Engineering Co., Ltd (CPP) is the EPC contractor. The project, developed by the State Company for Oil Projects (SCOP), involves the construction of a new crude oil storage and handling facility on the […]
Shams Telecom and GlobalTek sign MoU on Solar Projects
By John Lee. Shams Telecom has signed a memorandum of understanding with GlobalTek to cooperate on solar energy and related technology projects in Iraq. The agreement covers collaboration on clean energy solutions, with a focus on solar power, and on providing technology and infrastructure services for the telecommunications and energy sectors. The Baghdad-based companies said […]
Management Partners and BHTC sign MoU on Financial Sector Training
By John Lee. Management Partners (MP) has signed a memorandum of understanding with BHTC for Training & Consulting -- Bayt Al-Hikmah (House of Wisdom) for Training and Human Development -- to cooperate on training, institutional development and capability building for Iraq's financial services sector. The agreement was signed by Hisham Khalid and Amar Shubar, in […]
Azerbaijan and Iraq agree FM Radio Frequencies
By John Lee. A meeting was held between Azerbaijan and Iraq during the World Telecommunication Development Conference (WTDC-25) in Baku to coordinate FM radio broadcasting stations between the two countries. The Azerbaijani side was represented by officials from the Ministry of Digital Development and Transport, the Information and Communication Technologies Agency and the State Administration […]
Seismic Survey Completed west of Khudher Al-Mai
By John Lee. The Ministry of Oil has completed the two-dimensional (2D) seismic survey programme west of Khudher Al-Mai [Khider al-Mai] in Muthanna province, exceeding its target with a completion rate of 103 per cent. The work was carried out by the Third Seismic Team under the Oil Exploration Company, covering a total distance of […]