By John Lee. Iraq's North Oil Company (NOC) has signed a Heads of Agreement (Memorandum of Understanding) with two energy companies to build a 70,000-barrels-per-day oil refinery in Qayara (Qayyarah). The facility, Nineveh province, is to be built by Sweden's SEAB and Turkey's Limak. No information was given regarding the size of the investment or […]
By John Lee. Iraq and Saudi Arabia agreed to work together to help streamline the flow of goods between the two countries. Meeting at the recently-reopened border post of Arar, officials from both sides agreed to implement more efficient electronic clearance systems to reduce delays. They will also upgrade the road connections leading to Arar. […]
By John Lee. At the most recent meeting of Iraq's Ministerial Energy Council, headed by Oil Minister Ihsan Abdul-Jabbar Ismail, the Council decided that the South Refineries Company (SRC) should "take the necessary steps" to develop the Shuaiba refinery in Basra Governorate. It also urged the acceleration of work on the 140,000-bpd Karbala oil refinery, […]
By John Lee. An international conference on the recovery of looted funds has just concluded in Baghdad. The conference was organised by Iraq's Commission of Integrity, and was attended by Prime Minister Mustafa al-Kadhimi; the Secretary-General of the Arab League, Ahmed Abul Gheit; ministers, judges and other officials. Praising the efforts of anti-corruption bodies, the […]
By John Lee. Iraq's Ministry of Oil has announced the start of seismic survey work at the Sasan-Talafar exploration project in Nineveh. The Director General of the Iraq Oil Exploration Company said that the eighth seismic division has started two- and three-dimensional geological survey work at the site, "within the framework of the oil exploration […]
By John Lee. On September 3, 2021, China's CITIC Construction successfully signed the EPC general contract for the Kirkuk oil refinery in Iraq. Chen Xiaojia, Chairman of CITIC Construction, and Jalal Haji Ahmed, Chairman of Iraq's Rania International [Ranya], signed the contract in Beijing and Dubai respectively via video link. The Kirkuk refinery can process […]
Come to The Iraq Business Forum, 27th September in Central London
Dear ICF friends, FIVE DAYS TO GO! Our annual "In Their Shoes" 5K race weekend in Washington DC draws dignitaries, diplomats, veterans and business-people, families, and the media. This year we are going GLOBAL! Run or walk from anywhere in the world, this September 18th. Create a team or set a personal challenge, and help us raise […]
Supporting Iraq's Local Economic Development through Sustainable Energy Solutions - New Projects Launched Three innovative projects aimed at promoting sustainable energy solutions were launched today in partnership with the European Union and the United Nations Development Programme (UNDP) in Iraq and the governorates of Erbil, Sulaymaniyah, and Duhok. The projects, which were designed by the […]
By John Lee. The head of the Kurdistan Board of Investment has reportedly said that it has granted of 112 licences for factories making construction materials, with the intention of helping to ease the housing crisis in the region. According to the report from IQ News, the total investment is valued at $4 billion. (Source: […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi visited Tehran on Sunday and met with Iran's President, Ebrahim Raisi. According to media sources, Kadhimi is the first first foreign leader to meet the new Iranian leader. He also met the Speaker of the Iranian Shura Council, Muhammad Baqir Qalibaf, and the First Vice President of […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi has ordered a doubling of the number of visas granted to visitors from Islamic countries who want attend the Arbaeen pilgrimage in Karbala. Just days ago, Iraq's Supreme Committee for Health and National Safety has approved the entry of 30,000 thirty thousand visitors from Iran and 10,000 […]
