New Investment at Umm Qasr Port
Basra Multi-purpose Terminal (BMT), the largest multi-purpose port facility in Iraq, announces a major development in the Port of Umm Qasr. Marking a significant expansion to their existing facilities, BMT will be increasing their total investment in Umm Qasr Port to over USD 200 million, aimed to further advance the port in the international trade […]
Iraq Humanitarian Fund helps WFP Logistics
The Logistics Cluster, led by the United Nations World Food Programme (WFP), has welcomed a generous contribution of US$860,000 from the Iraq Humanitarian Fund (IHF). The Cluster facilitates the movement of humanitarian supplies including food, medicines and even ambulances on behalf of the entire humanitarian community in Iraq. “This contribution is perfectly aligned with the […]
Iraq's Pro-Iran Factions shrug off US Sanctions Push
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Two pro-Iranian militias active in Iraq and Syria declared that possible US sanctions targeting them would be ineffective and claimed that such sanctions would actually strengthen their presence and expansion in the Middle East. The US […]
Disputed Election Results Threaten Conflict in Kirkuk
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. On May 30, the Independent High Electoral Commission of Iraq annulled votes cast at more than 1,000 of the country’s polling stations, including 186 stations in Kirkuk, a city […]
Video: Will Iran-US Tensions threaten Iraq's Stability?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It's been three weeks since the parliamentary election in Iraq and many Iraqis voted for a nationalist party opposed to foreign interference. But both Riyadh and Washington want an Iraq that is sympathetic […]
US and Iran "Face Off" in Former Extremist-Held Town
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Locals in Al Qaim, Anbar, worry that the current stable security situation can’t last. It’s being upheld by US troops and Iran-allied militias, whose antipathy toward one another is becoming […]
ABB Wins Orders from Iraq's Min of Electricity
Swiss-Swedish group ABB has won orders from the Ministry of Electricity in Iraq to deliver five fixed and 15 mobile 132-kilovolt substations that will help strengthen the power grid and provide electricity in central Iraq. The government of Iraq is rebuilding the country and investing in its grid as part of its ambitious plan to […]
Iran Starts Oil Swap with Iraq's Kirkuk
Iran started swapping oil with Iraq's Kirkuk on Sunday, after the two neighbours sorted out the logistic issues that were preventing the swap's startup. According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil fields in northern Iraq to an Iranian refinery across the border via tanker […]
Crescent signs Initial Contracts to Develop 3 Blocks
By John Lee. UAE-based Crescent Petroleum has signed the initial contracts to develop the oil fields of Gilabat-Qumar (in Diyala), Khashim Ahmer-Injana (in Diyala), and Khudher Al-Mai [Khider al-Mai] (in Basra and Muthana). Mr. Abd Allah Al-Kadhi, the head of exploration and production in the company, said that production will start after three years. The […]
Oil Exports Rise in May
By John Lee. Iraq’s Ministry of Oil has announced interim oil exports for May of 108,194,920 barrels, giving an average for the month of 3.490 million barrels per day (bpd), an increase from the 3.340bpd exported in April. These exports were entirely from the southern terminals, with no exports registered from Kirkuk via Ceyhan. Revenues for the […]
Turkish Dam causes Water Shortage in Iraq
By John Lee. Prime Minister Haider Al-Abadi chaired a meeting of the Ministerial Council for National Security (pictured) on Sunday, focusing on the water shortage in Iraq. The Council viewed a presentation by the Minister of Water Resources, Hassan Al Janabi, which included a plan to address the expected water scarcity for the current summer. […]
95 Iraqi Civilians Killed in May
A total of 95 Iraqi civilians were killed and another 163 injured in acts of terrorism, violence and armed conflict in Iraq in May 2018*, according to casualty figures recorded by the United Nations Assistance Mission for Iraq (UNAMI). The figures include ordinary citizens and others considered civilian at the time of death or injury, […]