By John Lee. This year's Iraq Energy Exhibition and Conference was held in Baghdad from 10th to 12th January, at the Baghdad International Fairgrounds. The event brought together stakeholders from the electricity, oil, gas and renewable energy sectors, and reflects growing regional and international interest in Iraq's energy market and investment opportunities. According to the […]
By John Lee. Iraq's public debt management, covering both domestic and external obligations, was reviewed at a meeting focused on financial organisation, scheduling and reform priorities, with the participation of Oliver Wyman, the global financial advisory firm. The meeting examined detailed plans and programmes for managing public debt, including prioritised financial treatments and reform pathways […]
By John Lee. Plans are being advanced to deploy fast-track, smart solar energy projects to support electricity supply in the outskirts of Baghdad and across the provinces. The projects will be connected to medium-voltage distribution lines to reduce losses, ease network loads and increase available generation capacity ahead of the summer peak period. Key elements […]
By John Lee. The Iraqi Government has approved the settlement of outstanding payments to China Machinery Engineering Corporation (CMEC) related to operation, maintenance and electricity generated at the Salah al-Din power plant for the years 2021, 2022 and 2023. According to a statement from the Prime Minister's Office, the settlement is based on details set out […]
By John Lee. Belgium has renewed its financial support to United Nations Mine Action Service (UNMAS) operations in Iraq, reinforcing joint efforts with Iraqi authorities to protect civilians from explosive ordnance and enable safe access to land and essential services. Full statement from UNMAS: The United Nations Mine Action Service (UNMAS) expresses its sincere appreciation […]
By John Lee. The Iraqi Embassy in Moscow has issued a clarification regarding reports that Iraq plans to nationalise the West Qurna-2 oil field, operated by Russia's Lukoil. The embassy confirmed that the field is fully state-owned. Under the 2008 licensing round agreement, Lukoil managed and developed the field and produced oil under a service […]
By John Lee. State-owned Basra Oil Company (BOC) has been approved by the Council of Ministers to assume responsibility for managing petroleum operations at the West Qurna 2 oilfield, in line with the provisions of the field's service and development contract. According to a statement from the Prime Minister's Office, the Cabinet decision also authorises the […]
By John Lee. Sama Karbala poultry project represents a key pillar in strengthening Iraq's national food security and reducing reliance on imports, according to the head of the National Investment Commission (NIC). During a field visit to Karbala on Sunday, NIC Chairman Professor Haider Mohammed Makkiyah toured the poultry complex, one of the country's largest strategic […]
By Yesar Al-Maleki, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Rebuilding Resilience: The Iraq-Türkiye Pipeline's Role in Iraq's Oil Export Security The resumption of Kurdish crude […]
By John Lee. Iraq's State Company for Petrochemical Industries, part of the Ministry of Industry and Minerals, has announced the signing of a national partnership with Noor al-Hilal to establish a new plant for the production of chlorine and caustic soda in Basra. The company's Director General, Engineer Mazen Abdul Razzaq, said the project will […]
By John Lee. The Kurdistan Regional Government (KRG) has outlined what it claims is a significant funding shortfall in transfers from the Federal Government over the past three years, describing the situation as a "financial gap" and an effective blockade on investment. According to its data, the Kurdistan Region's total constitutional entitlement between 2023 and […]
By John Lee. The Chairman of the Uzbekistan Chamber of Commerce and Industry, Davron Vakhabov, has highlighted growing commercial opportunities in Iraq and Syria following recent meetings in both countries. He said the Iraqi market, with a population of around 46 million, and Syria, with nearly 25 million people, are opening rapidly, with strong demand […]
