By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired the regular meeting of the Higher Committee for Investment and Reconstruction on Wednesday, during which investment projects across economic and developmental sectors were reviewed. The committee approved several investment and reconstruction projects, including housing initiatives for various social groups and industrial and service projects. Approval was […]
By John Lee. In efforts to bolster national product protection, Iraq's Cabinet has approved recommendations from the Ministry of Industry and Minerals to apply additional customs duty on imported Thermstone (also known as Thermostone, or autoclaved aerated concrete (AAC)). An additional 50-percent customs duty will be imposed on each unit of imported thermstone from all […]
By John Lee. QatarEnergy is to take a 50-percent stake in the TotalEnergies solar energy project in Iraq: Partnership Agreement: QatarEnergy has signed an agreement with TotalEnergies for a solar power project in Iraq as part of the Gas Growth Integrated Project (GGIP). Stake Distribution: QatarEnergy will acquire a 50% stake in the project, with […]
By John Lee. Iraq's Oil Ministry reported steady progress on the gas investment project led by French company TotalEnergies in Basra, confirming it aligns with the government's strategic timelines. Deputy Oil Minister for Extraction, Mr. Basem Mohammed Khudair, chaired the seventh Joint Management Committee meeting, attended by officials including Deputy Minister for Gas Mr. Ezzat […]
By John Lee. Iraq's Ministry of Oil has finalised contracts for the "fifth-plus" and sixth oil licensing rounds with the successful companies. Minister Abdul Ghani highlighted that these agreements, which cover the development of oil and gas fields and exploration blocks across several provinces, are poised to boost Iraq's production capacity by 800-850 million standard […]
By John Lee. The Iraq Geological Survey, part of the Ministry of Industry and Minerals, has started new exploration projects for limestone and gypsum reserves in Anbar and Nineveh provinces, respectively. In Abu Safia, Anbar, teams are searching for limestone deposits essential for cement production, while in Al-Salamiyah, Nineveh, efforts are focused on uncovering borcelanite […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for September, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 99,311,107 barrels. Exports from the oil fields in […]
By John Lee. Representatives from Iraq, Turkey, the UAE, and Qatar gathered in Basra to discuss the latest developments in the "Development Road" project. The meeting focused on finalizing the economic feasibility study and defining key routes for the project's execution. Led by Iraq, with participation from Turkey, Qatar, and the UAE, this meeting is […]
By John Lee. Dr. Haider Mohammed Makiyya, Chairman of Iraq's National Investment Commission (NIC), held discussions with UAE Ambassador Abdullah Matar Al Mazrouei in Baghdad, focusing on advanced technological frameworks for the "Electronic Development Route" project. This initiative includes plans for underground cables, offering a more efficient alternative to traditional undersea cables, and is being […]
By John Lee. The Iraqi Council of Ministers has approved the conversion of the Kirkuk hydrogenation and gasoline improvement project, with a capacity of 12,000 barrels per day, from a Build-Own-Operate (BOO) model to a Build-Operate-Transfer (BOOT) model. The refining fee for one barrel of oil has been set at $23, as previously determined by […]
By John Lee. Iraq's Ministry of Transport has announced that the first phase of the Grand Faw Port will be completed by next year. The project is part of the broader Development Road initiative, with progress continuing steadily. The designs for the railway line and soil surveys for the Development Road have reached 100% completion, […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has announced the approval of eight new service projects in Wasit Province, with a total cost of 236 billion dinars [$180 million]. The projects focus on improving water and sewerage infrastructure, including: Al-Bashaer sewerage project (6.86 billion dinars) Al-Dhahab/Zurbatiya sewerage project (0.715 billion dinars) Badra sewerage project […]
