By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IOC's Strategic Positioning in Iraq Upstream Petroleum Much talk have been circulating recently on "Big Oil" abandoning Iraq upstream petroleum projects after they rushed into the country many years ago. How much […]
By John Lee. ShaMaran Petroleum has announced that it has signed an agreement with a subsidiary of French major TotalEnergies S.E. to acquire its affiliate (TEPKRI Sarsang A/S) holding an 18% non-operated participating interest in the Sarsang Production Sharing Contract in the Kurdistan Region of Iraq for an initial consideration of USD 155 million plus […]
By John Lee. Construction has reportedly begun on a $340-million steel factory in Erbil. According to Kurdistan24, the plant will produce 750,000 tons of steel annually, some of which will be produced from scrap. It is expected to open in February 2022. More here. (Source: Kurdistan24)
By John Lee. Iraq's Permanent Representative to the United Nations in Geneva, Ambassador Abdul Kareem Hashem Mustafa, met at the headquarters of the , the Deputy Director-General of the World Trade Organization (WTO), Chinese Ambassador Zhang Xiang Chen, at the WTO headquarters. The two sides discussed the importance of completing the technical documents required for […]
From Oxfam's Iraq Response Innovation Lab: Iraq Response Innovation Lab recently supported 5 innovative projects in the agricultural sector to launch. These 5 projects were all incubated for 10 months and received trainings on Business Models, Business Plans, Budgeting alongside technical training. The incubation started with 60 applications received online. The first phase of the […]
Three innovative projects focusing on environmental sustainability, jobs for unemployed youth and digitization of the public sector have today been launched by the United Nations Development Programme (UNDP) in Iraq in partnership with the Governorate of Karbala. The project launches reaffirm UNDP Iraq's commitment to supporting communities in Karbala, and included: Job Matching for Karbala […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad sends 200 billion dinars to Erbil: Ministry Baghdad sent 200 billion dinars to the Kurdistan Regional Government (KRG) on Sunday, the finance ministry announced. "Today, the first sum of money amounting to 200 […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, has announced the appointment of Chris Spencer (pictured) as its Chief Operating Officer, effective immediately. Spencer joined the Company in 2017 and his most recent position was Deputy Managing Director. (Source: DNO)
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. June saw the publication of Undervalued-Shares.com's third instalment piece on investments in frontier markets focusing on the compelling investment potential of Iraq's equity market - […]
By John Lee. Egypt has reportedly agreed to supply 700MW of electricity to Iraq via Jordan. The country's Electricity Minister is quoted as saying that the $2.2-billion project will begin within 18 months. More here. (Source: Energy and Utilities)
GE has announced a comprehensive "Energy Transition Plan" for Iraq, presenting its transformative strategies to support the country's evolution to a cleaner energy future. The plan includes several key pillars that support the government's goals to enhance Iraq's power infrastructure, as well as promote decarbonization and energy sector diversification. The Energy Transition Plan was announced […]
New UNICEF Representative to Iraq, Ms. Sheema Sen Gupta, presented her credentials to H.E. Dr. Ali Shamran, Head of the Protocol Department at the Ministry of Foreign Affairs in Baghdad. Sheema Sen Gupta stated: "The presentation of my credentials today to the Government of Iraq will further strengthen our existing partnership with the Government to […]
