By John Lee. Canadian oil development and exploration company ShaMaran Petroleum has announced that all non-essential capital expenditures in the Atrush block (pictured) have been cancelled or postponed, while it engages with bondholders to seek additional balance-sheet flexibility. The company's operations remain heavily impacted by the continued closure of the Iraq-Turkey pipeline (ITP), connecting Iraq's […]
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: Will Turkey agree to resume oil shipments from northern Iraq? The transfer of crude oil from Iraq to Turkey remains suspended, almost four months after an arbitration ruling found that Ankara […]
By John Lee. An Iraqi delegation visited the Ministry of Water and Irrigation in Jordan on Sunday to gain insights into the country's water and sanitation management practices and explore opportunities for joint cooperation. According to a report from the state-run Petra News Agency, Rami Abu Rawaq, Acting Secretary General of the Water Authority of […]
By John Lee. The United Nations (UN) Secretariat has awarded Taj Al-Saqr Company For General Contracting a contract for the construction of a children's playground and rehabilitation of five-player football pitch in Qirawan, Sinjar District. The contract value is $90,266. (Source: UNGM)
By Irina Slav for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Inks Long-Awaited $27 Billion Energy Deal With TotalEnergies The government of Iraq and TotalEnergies have signed a long-awaited deal worth $27 billion that should see Iraq's oil production grow […]
By Lubomir Tassev for Bitcoin.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran Looking to Replace Dollar With Dinar in $10 Billion Trade With Iraq Iran's government considers employing the Iraqi dinar in bilateral trade with Iraq in a bid to further curtail […]
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The oil ministers of Iran and Iraq held talks in the Austrian capital of Vienna on Friday on the implementation of joint oil projects. Iranian Oil Minister Javad Owji and […]
By John Lee. The Iraqi Ministry of Oil has signed four contracts, reportedly worth a total of $27 billion, with the French company TotalEnergies. The contracts cover a range of projects, including the development of the Ratawi [sometimes called Artawi] oil field, the construction of a 1GW solar power plant, and the transportation of seawater […]
From Tasnim, under Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The interior ministers of Iran and Iraq made arrangements to strengthen security along the common border. Iranian Interior Minister Ahmad Vahidi and his Iraqi counterpart Abdul Amir al-Shammari held a […]
By John Lee. UK Export Finance (UKEF), the UK's export credit agency, has said it sees "huge opportunity in Iraq". Speaking at the Iraq Britain Business Council's (IBBC) Spring Conference in London recently, Tim Palmer, Head of Renewables and Transition at UKEF, said: "As of today, we have about $1.5 billion worth of risk capacity […]
By Farhad Alaaldin, Advisor of foreign relations to the Prime Minister of Iraq, for Asharq al-Awsat. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Building a Strong, Capable Iraq Will Shape Its Foreign Policy Partnerships, common interests, and economic cooperation is key for […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Construction Activity and Stability The market, as measured by the Rabee Securities RSISX USD Index was up 4.4% in June, and up 30.4% for the year. The […]
