The United States is pleased to announce nearly $155 million in additional humanitarian assistance for the people of Iraq as well as Iraqi refugees in the region and generous communities hosting them. With this additional funding from the State Department and the U.S. Agency for International Development (USAID), U.S. humanitarian support for Iraq amounts to […]
By John Lee. US President Joe Biden and Iraqi prime minister Mustafa al-Kadhimi have agreed to end the US combat mission in Iraq by the end of this year. After more than 18 years in the country, the role of US forces will change to one of training and advising the Iraqi military. There are […]
By John Lee. The Iraqi cabinet has approved the agreement between the Ministry of Oil and French company TotalEnergies to implement four major energy projects in the country: Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include a […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately 83,690,352 barrels, […]
By John Lee. Baghdad-based Nasrin Alyaman Company has won a contract with the United Nations Secretariat for the rehabilitation of Al Maliha water treatment plants (500 m3/hr), in Al Asry neighbourhood, Baiji district, Salah al Din. The contract is valued at $148,840. (Source: UNGM)
By John Lee. The United Kingdom has issued sanctions against a number of individuals, including a former Governor of Nineveh province in Iraq. Nawfal Hammadi Al-Sultan is alleged to have misappropriated public funds intended for reconstruction efforts, and to have improperly awarded contracts and other state property. He is currently serving a five-year prison sentence […]
From The British Institute for the Study of Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Epic Story of a New Museum for Basra: Humanity Always Wins The Epic Story of a New Museum for Basra celebrates the completion of the Basrah […]
Germany, IOM Strengthen Partnership for Evolving Humanitarian Response in Iraq During the ISIL conflict, an estimated six million Iraqis were displaced. Thousands of families have returned to their areas of origin since the end of the crisis, but unstable conditions in Iraq have caused a significant shift in the country's humanitarian situation. As country-wide camp […]
By John Lee. An advisor to Iraqi Prime Minister Mustafa al-Kadhimi has said that nearly half of the country's oil exports go to China, making China the number one market for Iraqi oil. Speaking on Thursday, Mazhar Muhammad Salih said that China accounts for about 40-44 percent of Iraqi oil exports, equating to about 800,000 […]
By John Lee. The Iraqi Government has reportedly allocated a budget of $162 million for road improvement in Baghdad. According to World Highways, the works will include maintaining and widening existing roads, and building three new bridges. The client will be the Baghdad Municipality, and the tender process is due to open shortly. (Source: World […]
By John Lee. The Chief Executive of Russia's LUKoil has reportedly confirmed that the company may reduce its stake in Iraq's West Qurna-2 oil field. Reuters cites Vagit Alekperov as making the comment on Thursday during a visit to the company's facilities in Nizhny Novgorod. (Source: Reuters)
By John Lee. The Anglo Belgian Corporation (ABC) and Kunz have been selected to contract and design seven power plants (14 gensets) for several oil refineries in Iraq. The generated power contributes to the start and back-up process of these refineries and is independently generated by two gensets on each site. The complete gensets were […]
