By John Lee. Iraq's Commission of Integrity has announced a tender for the construction of an Investigations Department building in the government complex at Al-Muthanna Airport. The estimated cost of the project is over 26 billion Iraqi dinars (approx. $20 million). Click here for more details (Arabic). (Source: Commission of Integrity)
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well EBS-64 as part of the contract with the Chinese company Zhenhua, aiming to drill 27 oil wells at the East Baghdad field. The operation, conducted in collaboration with China Oilfield Services Limited (COSL), a division of the China National […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down around 5 percent on Wednesday afternoon following an update from the company. It said that local market demand remains difficult to predict, and while discussions are ongoing, there is still no official timeline for the reopening of the Iraq-Turkey Pipeline (ITP). Full statement […]
By John Lee. Iraq plans to establish 44 new pharmaceutical factories across the country. Hamoudi Al-Lami, an advisor to the Prime Minister, told the state-run Iraqi News Agency (INA) that 25 of the factories will be in Baghdad, while the remaining facilities are spread across different provinces, including Kirkuk, Erbil, Basra, Karbala, and six in […]
By John Lee. Judge Haider Hanoun, the head of Iraq's Integrity Commission, has met with an American delegation to explore the possibility of a memorandum of understanding between Iraq's Asset Recovery Fund and the US Treasury. The meeting, held at the US Treasury headquarters, aimed to address Iraq's need for assistance in determining the fate […]
By John Lee. The Iraqi Drilling Company (IDC) has accomplished the drilling of the directional oil well MJ-159 in collaboration with Halliburton, as part of the project to drill 42 oil wells in the Majnoon Oilfield for Basra Oil Company (BOC). Mr. Muhannad Maki Tarash, the Director of the First Operations Department at the company, […]
By John Lee. A memorandum of understanding has been signed between the Small and Medium Enterprise Development Agency (KOBIA) of Azerbaijan and the Federation of Iraqi Industries, fostering collaboration in the provision of services to small and medium enterprises (SMEs). The agreement was formalized during the 3rd session of the Joint Commission for Economic, Scientific, […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the Tax System Reform Conference in Iraq on Wednesday. In his address, he commended the organizers for their dedication to tax reform, acknowledging the insightful research contributions from government officials, business leaders, and international organizations. He said that total imports, according to data from the […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani inaugurated the Basra Industrial Partnerships Forum, a two-day event organized by the Ministry of Industry and Minerals in collaboration with the private sector. According to a statement from the PM's office, the forum showcased successful industrial projects in mineral investment, fertilizers, agricultural sprayers, iron, steel, and chlorine […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani laid the foundation for the rehabilitation and construction of the second lane of the Basra-Fao [Faw] road in Basra province on Saturday. He reviewed project details, timelines, and emphasized the government's commitment to improving services crucial for citizens across sectors. Al-Sudani highlighted the significance of the Basra-Fao […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani met with Zhang Jiming, the CEO of China's Changxin Company [Shanxi Changxin?], and accompanying delegation. The Prime Minister highlighted Iraq's abundant investment opportunities during the meeting, expressing the government's commitment to providing necessary facilitations for major international companies. Shang Xin Corporation, a prominent Chinese company with global […]
By John Lee. Prime Minister Mohammed Shia al-Sudani has chaired a special meeting on carbon emissions, attended by ministers of oil, electricity, and environment, along with energy advisors and sector specialists. He directed the formation of a public company for carbon economies under the Ministry of Environment and instructed the regulation of energy contracts in […]
