By Julianne Geiger for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New Revenue Sharing Scheme Could Lead To Iraqi Oil Renaissance Iraq has been looking to bring foreign oil company money and expertise into the fold, and it looks like it […]
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, has inaugurated new projects intended to sustain and increase production in the West Qurna 1 oil field, which has current production at 560,000 barrels per day (bpd). The projects include a water treatment unit with a capacity of 235,000 barrels per day, aimed at optimizing water […]
By John Lee. Iraq's Cabinet has this week approved an agreement between the Iraqi Ministry of Electricity and Al-Bilal Group, a limited general contracting company, which includes a reduction in the power purchase tariff for two solar power station projects in Karbala (300 MW) and Alexandria (Iskandariya) (225 MW). The agreement reduces the price from […]
From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. An Iranian official unveiled plans to inaugurate a joint free trade zone with Iraq at the common border by March 2024. Secretary of Iran's Supreme Council of Free and […]
From Henley & Partners. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Japan has been knocked off the top spot on the Henley Passport Index for the first time in five years and bumped into 3rd place, according to the latest ranking, which is […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Iraqi cardinal loses state recognition amid escalating intra-Christian confrontation Iraq's president has revoked state recognition of Cardinal Louis Raphael Sako as Patriarch of the Chaldean Catholic Church. The measure, which has […]
By John Lee. The governments of Iraq and Lebanon have signed a Memorandum of Understanding (MoU) wherein Iraq will supply Lebanon with quantities of fuel and crude oil. The agreement, in line with Cabinet Decision No. 23265 in 2023, aims to support Lebanon's electricity sector and strengthen cooperation between the two countries, serving their mutual […]
By John Lee. Ultra-low-fare airline Wizz Air Abu Dhabi, has announced its latest route to Erbil, in the Kurdistan Region in Iraq. Flights to Erbil will commence on 6th October and will operate twice a week, on Monday and Friday. Wizz Air Abu Dhabi is a subsidiary of Hungary's Wizz Air. (Source: Wizz Air Abu […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdish farmers struggle to market their wheat After two difficult years because of lack of rain, Kurdistan Region's farmers were hopeful that this summer's bountiful wheat harvest would finally bring them some financial relief. […]
By John Lee. Iraqi Prime Minister Mohammad Shia Al-Sudani chaired a meeting this week to discuss the current state of the industrial sector in Iraq and the launch of a new industrial initiative to boost this sector. The meeting was attended by advisors and private sector representatives. The meeting discussed the initiative, which includes reviewing […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th July 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,113.5 2.4% 22.3% RSISX USD Index 1,094.8 […]
By John Lee. China's Zhongman Petroleum and Natural Gas Group Corporation (ZPEC) has signed a major drilling engineering service contract for Iraq's giant Rumaila oilfield. The contract was signed on Sunday with the Basra Energy Company Limited (BECL), which was set up in 2021 to operate the field, and announced to the markets on Wednesday. […]
