By John Lee. A mass public vehicle crossing has taken place inside the submerged tunnel at Al Faw Grand Port marking what the General Company for Ports of Iraq (GCPI) has described as a historic milestone in the development of one of Iraq's most complex engineering projects. According to the Iraqi News Agency, the crossing took […]
By John Lee. According to Iran's Tasnim news agency, an oil tanker named Agios Fanourios I crossed the Strait of Hormuz on Sunday, following a route designated by Iranian authorities and after coordinating with Tehran. The Malta-flagged vessel, which is carrying Iraqi crude oil, is now in the Gulf of Oman and heading for the […]
By John Lee. The Iraq Securities Commission (ISC) has approved Baghdad-based Al-Arqam Brokerage to operate in foreign securities and commodities markets, making it the first Iraqi company to receive such a licence under Regulatory Directive No. 35 of 2025. The ISC said the licence was issued after Al-Arqam completed all legal, technical, and regulatory requirements, […]
By John Lee. Asiacell has announced a strategic collaboration with 1001, Iraq's leading legal over-the-top (OTT) streaming platform, to provide Asiacell customers with complimentary access to premium licensed entertainment through selected Asiacell hard bundles. Under the partnership, Asiacell subscribers gain access to 1001's Ultimate Lite Package "FADSHI", which includes LaLiga coverage, access to OSN+, and […]
By John Lee. Iraq's General Company for Road Transport, a subsidiary of the Ministry of Transport, has recorded more than 1,000 international freight journeys under the TIR (Transports Internationaux Routiers) system since the beginning of March 2026 through to 10 May, a development the company says reflects growing confidence in Iraq as an international transit […]
By John Lee. The Basra-Haditha pipeline project will reportedly have an export capacity of 2.5 million barrels per day (bpd) and is expected to create around 15,000 jobs for Iraqi workers. The Ministry of Oil spokesman, Sahib Bazoun, told the state-run Iraqi News Agency (INA) that the pipeline will serve as a supplementary overland export […]
By John Lee. According to a Ministry of Finance report, Iraq's total internal debt stood at IQD 96.629 trillion ($73.8 billion) as of the end of April 2026, while external debt has been reduced to $10.076 billion. Official data released by the ministry on Friday (8th May) show that domestic borrowing between 2023 and April […]
By John Lee. The US Treasury Department's Office of Foreign Assets Control (OFAC) has designated Iraq's Deputy Minister of Oil, Ali Maarij Al-Bahadly, along with several other individuals and businesses, as part of a sanctions action targeting what it describes as the exploitation of Iraq's oil sector to benefit Iran and Iran-aligned militias. The Treasury said […]
By John Lee. A delegation from Iraq's Ministry of Oil, led by the Director-General of North Oil Company (NOC), Amer Khalil Ahmed, has visited the Iraqi Embassy in Damascus, where it met with the chargé d'affaires. The visit was focused on prospects for co-operation with the Syrian side regarding the reactivation of the Iraq-Syria oil […]
By John Lee. According to a statement from the Ministry of Trade, the Private Sector Development Department will develop specialised training programmes for small and medium-sized enterprises (SMEs) and strengthen private sector participation, in line with a resolution of the Industrial Coordination Council. The meeting brought together representatives from: Ministry of Industry Ministry of Planning […]
By John Lee. A new hydrocarbon discovery has been made at the Qurnain exploration block in southwest Iraq, marking the first oil find at any block awarded under the fifth supplementary and sixth licensing rounds. The discovery was confirmed following the drilling of exploratory well Shams-11, which began on 10th January 2026. A potential hydrocarbon […]
By John Lee. According to the Ministry of Oil, construction work on a new refinery unit at the Missan [Maysan] refinery is entering its final stages, with commissioning expected within days. The new unit will add a processing capacity of 70,000 barrels per day (bpd), bringing the refinery's total capacity to 110,000 bpd. The project […]
