By John Lee. The Iraqi Ministry of Oil has announced the increase in production capacity at the Karbala refinery to 140,000 barrels per day (bpd), following the activation of several production units. Mr. Hamed Younis, the Deputy Minister for Refining Affairs, said that the Ministry is committed to implementing the directives of the Deputy Prime […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has led a meeting to discuss and monitor progress on the implementation of the Unified Treasury Account. The meeting also focused on the continued rollout of electronic payment points (POS) and explored potential incentives for citizens to encourage electronic payments. During the meeting, comprehensive updates were presented […]
By John Lee. Iraq will require that all transactions inside the country are made using the Iraqi dinar from 2024, and not the US dollar. Statement from the Central Bank of Iraq (CBI): In a significant development, the Central Bank of Iraq, under the leadership of Mr. Ali Mohsen Al-Alaq, has revealed its plan to […]
By John Lee. On September 19, the National Data Center held a meeting at the General Secretariat of the Council of Ministers to discuss the Human Resources and Payroll Management System with the global company Oracle. The meeting was chaired by Dr. Diaa Awad, the head of the Central Statistical Organization (CSO), and attended by […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Engineer Khaled Batal Al-Najm, conducted a field visit to the Nahrwan Industrial Complex, under the General Directorate of Industrial Development, marking a significant step towards assessing the state of brick factories within the complex and identifying obstacles hindering their operations. During the visit, the minister […]
By John Lee. During a meeting with a delegation from General Electric Energy, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil expressed the government's commitment to supporting fast-track energy solutions for harnessing associated gas and converting it into useful energy. This collaboration with reputable international companies is part of the ministry's initiatives. […]
By John Lee. In Iraq's Zubair oil field, technical and engineering teams from the Iraqi Drilling Company (IDC) have successfully completed the drilling of a new oil well, Zubair/563, reaching a depth of 3538 meters. This achievement is part of a contract signed with the Italian company ENI to drill 37 oil wells in the […]
By John Lee. During an inspection visit to the Najaf Refinery, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil emphasized the ministry's commitment to enhancing and expanding the refining capacities of national refineries. The goal is to support dedicated efforts in line with the ministry's objectives, including improving the quality of petroleum […]
By John Lee. The Iraqi Foreign Minister Fuad Hussein welcomed the French Ambassador to Iraq, Mr. Eric Chevallier. During their meeting, they discussed matters of mutual interest aimed at enhancing the bilateral relations between the two friendly nations. One of the key topics on the agenda was the upcoming Third Baghdad Conference on Cooperation and […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani met with Elizabeth Rosenberg, Assistant Secretary of the US Treasury, and her accompanying delegation on Wednesday. The discussion centered on cooperation between Iraq's financial institutions and the US Treasury, focusing on government actions to implement financial and banking reforms to combat corruption. Prime Minister Al-Sudani emphasized […]
By John Lee. The third session of the Iraqi-Armenian Joint Committee for Economic, Trade, Scientific, and Technical Cooperation concluded on Wednesday, September 13, 2023. Iraq's Minister of Agriculture, Dr. Abbas Jabr Al-Maliki, led the Iraqi delegation, while Armenia was represented by the Minister of Economy, Fahan Kevorkian. During the closing ceremony, both sides signed the […]
By John Lee. On Wednesday, Oil Minister Hayan Abdul Ghani received a delegation from the French company TotalEnergies. The delegation included Mr. Laurent Vivier, the Regional Director for the Middle East and North Africa; Mr. Julien Pouget, the Middle East Director for Exploration and Renewable Energy; and Ms. Dunia Al-Jalbi, the Director of TotalEnergies' Iraq […]
