By John Lee. The Iraqi Cabinet has approved amendments to its earlier decision (No. 229 of 2025) concerning the Iraq-China Framework Agreement. The revisions allow for the reallocation of project funding under the investment account of the agreement, based on proposals prepared by the Diwani Order Committee No. 23995 and in line with the Federal […]
By Nicholas Oakes, for the International Policy Digest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. From Pipeline to Policy: Iraq's Quiet Return to Global Energy Relevance Recent deals with China, India, and France point to a strategic effort to diversify trade partnerships, hedging […]
By John Lee. The Iraqi Cabinet has approved funding to furnish 1,000 model schools under the Iraq-China Framework Agreement, ensuring the project's progress. Key funding decisions include: Regional Petrodollars: Funds from the petrodollar allocations of Basra, Maysan, Kirkuk, and Wasit will fully cover furnishing costs in these provinces. Additional funds for other provinces, totalling 113.92 […]
By John Lee. The Iraqi Cabinet has approved the Ministry of Oil's proposal for the construction of the Basra-Haditha oil pipeline, with a capacity of 2.25 million barrels per day. Key decisions include: Contract Approval: Endorsed a 5.97225 trillion dinar [$4.5 billion] contract between Basra Oil Company (BOC) and State Company for Oil Projects (SCOP), […]
By John Lee. Prime Minister Mohammed S. Al-Sudani inaugurated the construction of Phase One of the North Thermal Power Plant in Nineveh Province on Sunday, during his visit to the region. According to his office, this marks a significant milestone in Iraq's efforts to strengthen its power infrastructure and revive critical projects. Project Overview: Capacity: […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Poised To Take Further Control Of Iraq's Key Southern Oil Assets China is over the halfway mark in completing its strategically vital oil project in the critical Iraqi energy […]
By John Lee. In its 42nd regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet agreed to increase oil exports to China. In a statement, the cabiniet said the move was to support essential and strategic projects, in alignment with the Iraq-China Framework Agreement. As a result, oil exports to China will […]
