By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for April. Total exports of crude oil: 100,953,282 barrels. Exports from the oil fields in central and southern Iraq amounted to 99,752,879 barrels. Exports to Jordan amounted to 299,819 barrels. Exports from Qayyarah were 900,584 barrels. Average daily crude oil exports: 3.365 […]
By John Lee. The Central Bank of Iraq (CBI) has launched its first National Financial Inclusion Strategy, covering the period 2025-2029. The initiative provides an integrated framework aimed at enabling all individuals and businesses to access the financial sector and use appropriate, secure financial services with consumer protection guarantees. The strategy is expected to contribute […]
By John Lee. Wayl, the payments platform for online sellers in Iraq, has secured USD 150,000 in pre-seed financing from EQIQ Ventures, a venture-capital fund led by Mohamed Al-Hakim. Wayl plans to use the capital to expand its digital-payments solution for social-media merchants and freelance workers, addressing a market where an estimated 97 percent of […]
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By John Lee. The State Company for Oil Projects (SCOP) has completed a major horizontal directional drilling (HDD) operation to lay a 42-inch gas pipeline beneath the Tigris River in the Sayafiyah area, as part of the Mahmudiya-Bismayah project. The crossing spans 600 metres in length and reaches a depth of 22 metres, making it the […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the Regional Initiative to Protect the Tigris and Euphrates Rivers under the slogan "Our Water... Our Future," during the Fifth Baghdad International Water Conference, held under the theme "Water and Technology: A Partnership for Development." The initiative represents a strategic regional platform to preserve the […]
By John Lee. The Iraqi Ministry of Oil has presented a strategic roadmap to reduce carbon emissions in the oil sector, structured around three core pillars: reducing flared gas, utilising gas and cutting methane emissions, and electrifying oil production operations to lower the carbon footprint. The plan was outlined by Abdulbaqi Khalaf, Energy Advisor to […]
By John Lee. Dhi Qar Oil Company (DQOC) has signed a Heads of Agreement (HOA) with a consortium comprising KBR (USA), Dragon Oil (UAE), and Al Hurra International to develop the Abu Amoud and Saba [Subba] oilfields in Dhi Qar Governorate. The project will be undertaken as an integrated investment venture. The signing ceremony took […]
By John Lee. UK-based Nobel Energy has signed a Memorandum of Understanding (MoU) with Iraq's General Company for Carbon Economics, affiliated with Iraq's Ministry of Environment, to enhance cooperation on climate action, environmental initiatives, and sustainable development. The agreement was formalised during the First International Conference on Carbon Economics in Baghdad, marking a strategic collaboration aimed […]
By John Lee. Rwanga Foundation has unveiled plans for the Kulak Solar Village, Iraq's first fully off-grid, solar-powered community. Located southeast of Erbil, the pilot village will include 32 homes and house nearly 200 residents, serving as a model for rural climate resilience and energy self-sufficiency in one of the world's most climate-vulnerable regions. Entirely […]
By John Lee. Russia's Gazprom and its consortium partners have signed the first amendment to the service contract for the Badra oilfield with Iraq's Midland Oil Company (MdOC). The signing ceremony, held on Thursday, was attended by Bassem Mohammed Khudair, Deputy Minister for Upstream Affairs; Russian Ambassador Elbrus Kutrashev; the Director General of Dhi Qar […]
By John Lee. The European Bank for Reconstruction and Development (EBRD) is set to commence operations in Iraq this September, following the country's accession to the European Union Bank. Ali Mohsen Al-Allaq, Governor of the Central Bank of Iraq (CBI), received an EBRD delegation in Baghdad to discuss the final steps required before operations begin. […]
