By John Lee. Prime Minister Muhammad Shia Al-Sudani has urged the Central Bank of Iraq (CBI) to sell foreign currency at official prices to citizens through purchasing with electronic cards, opening sales outlets for travelers, or clients outside Iraq, or financing foreign trade. The order came at a meeting with the Governor of the CBI, […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for November of 99,868,029 barrels, giving an average for the month of 3.329 million barrels per day (bpd), up from the 3.282 million bpd exported in October. The exports from the oilfields in central and southern Iraq amounted to approximately 97,204,696 barrels, while […]
By John Lee. Scottish-based KCA Deutag, the global drilling, engineering and technology provider, has secured contract awards and extensions in Oman, Northern Iraq and Europe worth more than $85 million. The work, in Kurdistan, involves the company's T63 rig drilling two wells, with two more optional wells. (Source: KCA Deutag)
FAO launches the SIDA funded project, Enhanced Climate Resilience of vulnerable agriculture households in Southern Iraq Under the patronage of the Minister of Agriculture, H.E Abbas JabrAl-Aliawi, the Food and Agriculture Organization of the United Nations (FAO) in Iraq launched in Najaf the project "Enhanced Climate Resilience of vulnerable agriculture households in Southern Iraq" funded […]
Iraq: EU allocates additional €4 million in humanitarian funding to help vulnerable facing food insecurity Political instability, climate change, as well as rising food prices, spurred by the drought and further aggravated with the Russia's unprovoked aggression towards Ukraine, has left many vulnerable Iraqis not able to meet their basic needs. The funding announced today […]
WHO gives fresh momentum to secondary health care services in Kurdistan Iraq The World Health Organization (WHO) in Iraq, in collaboration with the Ministry of Health of the Kurdistan region of Iraq, has just completed the renovation and expansion of a neonatal intensive care unit in the maternity teaching hospital in Erbil. The unit can […]
By John Lee. Texas-based Bell Helicopter, a wholly-owned subsidiary of Textron Inc., has been awarded a $134,592,912 modification (PZ0010) to contract W58RGZ-22-C-0012 for logistics services. Work will be performed in Iraq, with an estimated completion date of Feb. 22, 2027. (Source: US Dept of Defense)
By John Lee. iQ Cars has launched a new machinery and commercial vehicle marketplace called iQ Fleet. According to a press release from the company, users can browse a wide selection of vehicles including trucks, buses, agricultural machinery and construction equipment from anywhere in Iraq. Amer Salih, CEO of iQ Cars, said: "Our mission is […]
Building ponds: a strategic project, proper administration and quick implementation The Kurdistan Regional Government's (KRG) Ninth Cabinet has focused greatly on agriculture, the industrial sector, water, and has implemented dozens of projects in these fields over the past three years. The Ninth Cabinet has built ponds and dams. Ponds are important to conserve water and […]
IRAQ IS ABOUT TO OPEN ITS FIRST 5-7 STARS HOTEL IN 40+ YEARS It can be said that one of the most important reasons for the reluctance of the process of economic and social development in Iraq over the past decades is the weakness or absence of investment in both the public and private sectors. […]
By John Lee. Share in Gulf Keystone Petroleum (GKP) were trading down around 3 percent on Monday as the company said that production for 2022 would be towards the lower end of its guidance range. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Our leverage to strong oil prices, low-cost production base and focus on […]
By John Lee. The Iraqi Ministry of Oil has reportedly issued a circular to" all Iraqi companies" announcing the readiness of Iranian specialized companies to participate in Iraq's oil and gas projects. Shana, the news agency of the Iranian Ministry of Petroleum, linked this to a joint working group between the two countries' oil ministries, […]
