Tag Archives | mn

BP to Spin Off Iraq Operations?

By John Lee. UK-based BP is reportedly considering a plan to spin off its Iraqi operations in Iraq into a separate company. According to Dow Jones, the new company would be jointly owned by the China National Petroleum Corporation (CNPC), BP's partner in the giant Rumaila project. More here. (Source: Dow Jones)

Increased Capacity at Dora Refinery

By John Lee. Iraq's Minister of Oil has opened two plants for improving gasoline and hydrogen production at the Al-Dora refinery in Baghdad. The new gasoline line will increase capacity from 3 million liters per day to 4 million liters per day, and is part of a program to reduce fuel imports by 50 percent […]

Kuwait and Iraq discuss Grid Connector

By John Lee. Iraq's Ambassador to Kuwait, H.E. Mr. Al-Manhal Al-Safi, met on Friday with the Kuwaiti Minister of Electricity, Water and Renewable Energy, H.E. Dr. Mishaan Al-Otaibi. They discussed cooperation in renewable energy and natural gas, as well as developments in grid connection to supply Iraq with electrical power. (Source: MoFA)

GKP Shares Rise on Corporate Update

By John Lee. Shares in Gulf Keystone Petroleum (GKP) ended the day up more than 6 percent on Friday, as the Kurdistan-focused oil producer gave an operational and corporate update: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We continue to safely navigate a challenging operating environment due to COVID-19, with gross average year-to-date […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th June 2021). Please click here to view a table of listed companies and their associated ticker codes. ISX decided to increase trading hours starting June 20, 2021 for every trading session. Accordingly, pre-opening period will be from 9:30 to 10:00 am. Trading […]

New MoU a New Step towards Gender Equality in Iraq

A Memorandum of Understanding (MoU) has today been signed between the General Secretariat of the Iraqi Council of Ministers' (GSCOM) Women Empowerment Directorate and the United Nations Development Programme (UNDP) to advance gender equality, women empowerment, and social cohesion in Iraq. Building upon existing structures and ongoing gender mainstreaming efforts, the new partnership will strengthen […]

KRG begins Buying Wheat from Farmers for First Time

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG begins buying wheat from farmers for the first time The Kurdistan Regional Government (KRG) began buying wheat from farmers on Tuesday for the first time, following the completion of the newly constructed multimillion-dollar […]

UK, Iraq sign Strategic Partnership

By John Lee. British Foreign Secretary Dominic Raab has met with Prime Minister Kadhimi, President Salih, Foreign Minister Hussein and other high-ranking officials in the Iraqi Government. Foreign Secretary Raab reaffirmed the UK's commitment to Iraq through signing the UK and Iraq's Strategic Partnership. He met commanders from the Global Coalition against Daesh in which […]

China to Rehabilitate the Nassiriyah International Airport

By John Lee. Iraq and China have signed a contract for the rehabilitation of Nassiriyah International Airport. Prime Minister Mustafa al-Kadhimi attended the signing on Tuesday. According to Shafaq, the contract was signed by the Iraqi Civil Aviation Authority (ICAA) and the China State Construction Engineering Corporation (CSCEC). (Sources: Govt of Iraq, Shafaq)