By John Lee. The Iraqi Ministry of Oil has announced the increase in production capacity at the Karbala refinery to 140,000 barrels per day (bpd), following the activation of several production units. Mr. Hamed Younis, the Deputy Minister for Refining Affairs, said that the Ministry is committed to implementing the directives of the Deputy Prime […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has led a meeting to discuss and monitor progress on the implementation of the Unified Treasury Account. The meeting also focused on the continued rollout of electronic payment points (POS) and explored potential incentives for citizens to encourage electronic payments. During the meeting, comprehensive updates were presented […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for August: Total exports of crude oil: 106,122,679 barrels Revenues from crude oil exports: $8.997 billion Oil fields in central and southern Iraq accounted for 105,236,963 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil […]
By Arya Devi for Oil & Gas Middle East. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq plans to build gas pipeline to Europe Iraq aims to bolster its economic prospects by facilitating the transportation of both gas and goods to international markets. […]
By John Lee. Iraq will require that all transactions inside the country are made using the Iraqi dinar from 2024, and not the US dollar. Statement from the Central Bank of Iraq (CBI): In a significant development, the Central Bank of Iraq, under the leadership of Mr. Ali Mohsen Al-Alaq, has revealed its plan to […]
By Arya Devi for Oil & Gas Middle East. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New law allows foreign companies to own oil output After more than a decade of debates and delays, Iraq is poised to pass an oil and gas […]
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shia Al-Sudani, held a meeting with members of the American Chamber of Commerce in New York on Thursday evening (local time). The meeting was attended by businessmen, investors, and representatives of major American companies. During the meeting, he praised the efforts of Mr. Steve Lutes, the Deputy […]
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Strong criticism follows appointment of Iraqi minister of justice to oversee human rights commission In a profoundly ironic move, the Iraqi government's recent decision to assign the role […]
By John Lee. The United States has emphasized the urgency of reopening the Iraq-Turkiye Pipeline (ITP) as soon as possible. Full statement from The White House: Deputy Assistant to the President and White House Coordinator for the Middle East and North Africa Brett McGurk and Deputy Assistant and Senior Advisor to the President for Energy […]
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shia Al-Sudani, met with several American corporate leaders and representatives in New York on Thursday evening (local time) during his participation in the 78th session of the United Nations General Assembly. Among the firms represented were General Electric (GE), Honeywell, and law firm Covington. During the meeting, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st September 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,413.6 5.3% 55.3% RSISX USD Index 1,389.9 […]
By John Lee. The United Nations Children's Fund (UNICEF) has awarded Sharin company Ltd. a contract for, "Proposed water interventions in Dokan." The contract value is $283,000. (Source: UNGM)
