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 […]
By John Lee. Iraq's Council of Ministers has amended Decision No. 1008 of 2024, which concerns the construction of the Basra-Haditha pipeline. According to a statement from the Prime Minister's Office, the amendment permits the General Company for Iron and Steel, part of the Ministry of Industry and Minerals, to adopt an external manufacturing route […]
By John Lee. President Nzar Amedi received a delegation from the parliamentary Investment and Development Committee at the Palace of Peace in Baghdad on Wednesday. According to the Media Department of the Iraqi Presidency, the meeting covered two main areas: Ways to improve Iraq's investment environment, with the President stressing the importance of supporting economic […]
By John Lee. Iraq's Council of Ministers has approved revised purchase prices for wheat and a procurement plan for high-grade seeds for the 2025-2026 agricultural season, according to an official government statement. The approved wheat purchase prices are as follows: IQD 700,000 per tonne (approximately USD 534) for quantities within the agricultural plan IQD 500,000 […]
By John Lee. The Iraqi Commission of Integrity has published statistics showing that its directorates and investigation offices conducted 181 operations across Iraq in February 2026, resulting in the apprehension of 168 suspects. The figures, broken down by governorate, are as follows: Kirkuk: 20 total operations, 9 apprehension operations, 9 suspects detained, 11 priority operations […]
By John Lee. The Ministry of Construction and Housing has reportedly announced a comprehensive plan to extend infrastructure services to districts and sub-districts across Iraq, including the development of "more than 21" (sic) residential cities in various governorates. Nabil al-Saffar, spokesman for the ministry, told the state-run Iraqi News Agency (INA) that the plan covers […]
By John Lee. A committee has been formed in Jordan to oversee and expedite transit trade, with a particular focus on goods destined for Iraq. According to Jordan's state-run Petra news agency, the committee will submit operational reports every three days on the movement of goods from the Port of Aqaba to their final destinations, and […]
By John Lee. The General Directorate for Industrial Development (GDID), a division of the Ministry of Industry and Minerals, issued 124 provisional licences for new industrial projects in March 2025. The licences covered multiple industrial sectors and were distributed across several governorates: Baghdad: 30 licences Basra: 18 licences Nineveh: 18 licences Anbar: 10 licences Kirkuk: […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Three Car Manufacturing Plants to Be Established in Kurdistan Region The Kurdistan Regional Government (KRG) is moving forward with plans to establish three automobile manufacturing projects in the region, in partnership with Chinese companies, […]
