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 […]
By John Lee. Opportunities to expand investment in Iraq's oil and energy sectors were discussed during talks between the government and US energy giant Chevron, focusing on increasing production returns and expanding refining capacity. The discussions covered the company's current activities and potential areas of cooperation, as well as ways to improve the investment environment […]
By John Lee. The Iraqi Drilling Company (IDC) completed drilling and rehabilitation work on 237 oil wells during 2025, supporting production programmes across oilfields from northern to southern Iraq. The achievements included the drilling of 62 new oil wells and the rehabilitation of 175 existing wells, carried out in line with approved technical programmes and […]
By John Lee. Iraq participated via video link in a meeting of OPEC+ countries to review global oil market conditions and the production outlook, as the group confirmed it will maintain its current production policy during early 2026. Full statement from OPEC: Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to […]
By John Lee. Plans have reportedly been approved to expand the Najaf refinery's production capacity to 100,000 barrels per day, alongside the development of several oilfields in the province. The governor of Najaf, Yousif Kinawi, told the state-run Iraqi News Agency (INA) that the refinery's current capacity stands at around 30,000 barrels per day. Implementation […]
By John Lee. The Baghdad Metro project remains under review following an assessment of current proposals, which were found not to meet the requirements necessary to proceed with a project of this scale. A fourth report on the project, prepared by the Iraq Development Fund in cooperation with international institutions and companies with metro experience […]
By John Lee. Construction has begun on a new field operations centre at the Naft Khana oilfield in Diyala province, marking a new phase of development for the project. The facility is being developed under a contract signed during Iraq's fifth licensing round between Midland Oil Company (MdOC) and the Chinese firm Geo-Jade, which covers […]
By John Lee. The United Nations' has said its engagement in Iraq has entered a new phase following the conclusion of the mandate of the United Nations Assistance Mission for Iraq (UNAMI). It reaffirmed its commitment to remaining a long-term partner to the Government of Iraq in advancing national development objectives. Full statement from the […]
By John Lee. The Kurdistan Regional Government has said it completed 172 road projects in 2025, strengthening transport infrastructure across the Kurdistan Region with a total investment of IQD 92,463,000,000 (approximately USD 63.4 million). The works comprised new road construction, as well as rehabilitation and asphalting of existing routes, spanning all governorates and self-administration districts. […]
By John Lee. A new river taxi terminal / marina on the banks of the Shatt al-Arab has reached 96 percent completion, with the facility expected to open in early 2026. The project comprises a three-storey building designed in the shape of a ship, featuring a glass frontage. The structure has a total built area […]
By John Lee. Basra Airlines has officially received Iraqi Air Operator Certificate (AOC) No. 011, granting the carrier formal authorisation to operate as an approved Iraqi national airline under the supervision of the Iraqi Civil Aviation Authority (ICAA). According to a statement from the company, the certification follows several years of preparatory work and coordination […]
By John Lee. Iraq's Council of Ministers has approved measures to support the development of the domestic pharmaceutical industry and protect local production. The decision includes merging the existing Pharmaceutical Council, established under Cabinet Decision No. 23151 of 2023, with the Higher Committee for the Development of the Pharmaceutical Industry. The merged body will include […]
