By John Lee. Iraq's Ministry of Oil is increasing its in-house capacity to maintain its export terminals in southern Iraq, with the acquisition of new purpose-built ships. The Executive Director of the Iraqi National Oil Company (INOC), Hamid Younis, said that Safwan (pictured) will arrive in the coming days. It has the capability to assist […]
By John Lee. GE Gas Power has signed an agreement with Taurus Arm, owner of the 500 megawatts (MW) Bazyan [Bazian] Power Plant, to provide parts, repairs, and services for two 9F.04 gas turbines at the facility for a period of 16 years. The turbines were supplied by GE to Taurus Arm in 2021 under […]
TotalEnergies has completed the divestment of its 18-percent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD […]
By John Lee. The Information and Communications Technology Association of Jordan (Int@j) has reportedly signed a memorandum of understanding with Jordan's Iraqi Business Council (IBC), to strengthen cooperation between the two sides and support efforts to find new markets for their member companies. According to the state-run Petra News Agency, the two sides will seek […]
The United Nations World Food Programme (WFP) welcomed a contribution of US$1 million from the Government of the Republic of Korea, which will support the implementation of resilience-building activities aiming at improving sustainable agricultural production in areas affected by salinity in southern Iraq. This grant will support in restoring the agricultural-based livelihoods of nearly 4,000 […]
By John Lee. The Center for the Revitalization of the Iraqi Marshes and Wetlands, which is part of the Ministry of Water Resources, has made a plan to reduce the effects water scarcity on the Iraqi Marshes. The Director-General of the Marsh Revitalization Center, Engineer Hussein Ali Al-Kinani, said the Marshes were affected by the […]
By John Lee. Iraq's Minister of Planning, Dr. Khaled Battal Al-Najm, received the new Special Representative of the World Bank in Iraq, Mr. Richard Abdelnour and his accompanying delegation, on Sunday. During the meeting, they discussed aspects of joint cooperation between the two sides in various economic and development issues, especially with regard to the […]
The University of Tehran expressed readiness to set up a joint scientific center with Iraq under the auspices of the University of Basrah at a border region. During a visit to Iraq, President of the University of Tehran, Mohammad Moqimi, met with President of the University of Basrah, Saad Shaheen Hammadi, and signed a memorandum […]
By John Lee. GMR Hyderabad International Airport Ltd. (GHIAL) inaugurated the maiden direct flight service from Hyderabad to Baghdad on Sunday. According to a press release, Fly Baghdad's maiden flight IF 462 took off at 15.17 hours from Hyderabad International Airport. The flight will operate between Hyderabad and Baghdad twice a week, on Sundays and […]
By John Lee. The Central Bank of Iraq (CBI) has issued a statement on its annual private financial stability report for 2021, which included a set of financial and monetary indicators that reflect the performance of the Iraqi financial and banking sector, and diagnose challenges and opportunities for this important sector in the economy. The […]
The Iraq Britain Business Council (IBBC) has announced the appointment of Mr Monjed Salha to the role of General Manager. In this role he will lead the operations of IBBC and take responsibility for IBBC Membership development and Membership Value. IBBC is under going strategic development, to remain continuously relevant to its members and to […]
Iraq's Minister of Foreign Affairs, Mr Fuad Hussein, has received a copy of the credentials of Ms Jessica Svärdström, Sweden's new ambassador to Iraq. During the meeting, they discussed the bilateral relations between Baghdad and Stockholm, and ways to enhance them to realise the interests of the two friendly peoples. The Minister wished the ambassador […]
