By John Lee. The Iraqi Drilling Company (IDC) completed drilling and rehabilitation work on 237 oil wells during 2025, supporting production programmes across oilfields from northern to southern Iraq. The achievements included the drilling of 62 new oil wells and the rehabilitation of 175 existing wells, carried out in line with approved technical programmes and […]
By John Lee. Iraq participated via video link in a meeting of OPEC+ countries to review global oil market conditions and the production outlook, as the group confirmed it will maintain its current production policy during early 2026. Full statement from OPEC: Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to […]
By John Lee. Plans have reportedly been approved to expand the Najaf refinery's production capacity to 100,000 barrels per day, alongside the development of several oilfields in the province. The governor of Najaf, Yousif Kinawi, told the state-run Iraqi News Agency (INA) that the refinery's current capacity stands at around 30,000 barrels per day. Implementation […]
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. "What next after a gangbuster three-year rally???" The market, as measured by the Rabee Securities U.S. Dollar Equity Index (RSISX USD Index), was up 13.7% for the […]
By John Lee. The Baghdad Metro project remains under review following an assessment of current proposals, which were found not to meet the requirements necessary to proceed with a project of this scale. A fourth report on the project, prepared by the Iraq Development Fund in cooperation with international institutions and companies with metro experience […]
From the German Liaison Office for Commerce & Industry in Iraq (AHK Iraq). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. AHK Iraq Report: Agriculture in Kurdistan 2025/2026 Agriculture and livestock remain pillars of economic and food security in the Kurdistan Region. With fertile […]
By John Lee. Construction has begun on a new field operations centre at the Naft Khana oilfield in Diyala province, marking a new phase of development for the project. The facility is being developed under a contract signed during Iraq's fifth licensing round between Midland Oil Company (MdOC) and the Chinese firm Geo-Jade, which covers […]
The following were the ten most read dinar-related articles on Iraq Business News for the month of December: CBI on Banking Reform, "Digital Dinar", Dollar Transactions Iraqi Central Bank Reduces Supply of Dinars 10 Things the CBI Said About the Iraqi Dinar in 2025 CBI Training on Detection of Counterfeit Dinars CBI Chief on the […]
By John Lee. The United Nations' has said its engagement in Iraq has entered a new phase following the conclusion of the mandate of the United Nations Assistance Mission for Iraq (UNAMI). It reaffirmed its commitment to remaining a long-term partner to the Government of Iraq in advancing national development objectives. Full statement from the […]
By Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Gas Flaring Paradoxes: Economic and Technical Obstacles Almost every year, since 2012, Iraq vies with […]
From the German Liaison Office for Commerce & Industry in Iraq (AHK Iraq). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. AHK World Business Outlook - Fall 2025 | Iraq The Fall 2025 edition of the AHK World Business Outlook reveals continued confidence among […]
By John Lee. The Kurdistan Regional Government has said it completed 172 road projects in 2025, strengthening transport infrastructure across the Kurdistan Region with a total investment of IQD 92,463,000,000 (approximately USD 63.4 million). The works comprised new road construction, as well as rehabilitation and asphalting of existing routes, spanning all governorates and self-administration districts. […]
