By John Lee. A report from Telegraph India suggests that ONGC Videsh Ltd (ONV) is considering resuming operations in Iraq. The company received the rights to Block 20 in the Western Desert (then known as "Block 8") in 2000, but declared force majeur in 2003 due to the security situation at that time. According to […]
By John Lee. Mr. Mohammed Jaafar Al-Sadr, the Iraq Ambassador to London, received Mr. Amet Selman, CEO of AAA Holding Group (AHG) and an investor in the phosphate fertilizer plant in Basra on Monday. During the meeting, Mr. Selman briefed the Ambassador about the company's activities in Iraq, particularly their partnership with the Ministry of […]
KRG Prime Minister Masrour Barzani has appointed Treefa Aziz as the new KRG Representative to the United States. Ms Aziz was most recently Senior Advisor to the Prime Minister and previously worked for over 25 years in the United States in various capacities in the public and private sector. She was also the KDP Representative […]
By John Lee. A senior UN official has said that support for the country's efforts to reintegrate displaced people is critical to preventing extremism and boosting recovery. Asako Okai, United Nations Development Programme (UNDP) Assistant Secretary-General and Crisis Bureau Director, added that, "UNDP is unwaveringly committed to supporting Iraq." Full statement from UNDP: One million […]
By John Lee. Qatar's Ambassador to Iraq, Khalid bin Hamad Al-Saliti, met with the former President of the Kurdistan Region of Iraq, Massoud Barzani, in Salahaddin on Wednesday. The discussion revolved around the significance of the relations between Qatar, Iraq, and the Kurdistan Region. During the meeting, the Qatari Ambassador expressed his country's intention to […]
By John Lee. Iraq's Minister of Trade, Atheer Al-Ghurairy, has said Iraq has a 'strategic stockpile' of wheat totaling 5 million tons. He is quoted by state-run Iraqi News Agency (INA) as saying that this is sufficient to meet the country's needs for more than a year, and is in addition to the four months […]
FAO Renews its Call for Urgent Action to safeguard Iraq's Marshes and Buffalo Producers from Severe Climate Change and Water Scarcity FAO Iraq is deeply concerned about the grave consequences of climate change and water scarcity on the marshes (Al Ahwar) and buffalo producers in the Southern Iraq. Alarming field reports from the project team, […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th July 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 1,087.7 4.7% 19.5% RSISX USD Index 1,069.5 […]
By John Lee. The Iraqi Cabinet has approved the recommendation of the Energy Ministerial Council for the construction of a third offshore oil export pipeline, sometimes referred to as "Sealine 3" or "SL-3". The 48-inch pipeline will have a capacity of 2 million barrels per day (bpd), and is planned to be completed in 400 […]
By John Lee. Egyptian billionaire Naguib Sawiris has met with Iraqi Prime Minister, Mohammed Shia Al-Sudani, to discuss a major project in Baghdad. No details of the project were given, but Sawiris, the Chairman of Egypt's Orascom Investment Holding company, had also met earlier this year with the Chairman of Iraq's National Investment Commission (NIC) […]
By John Lee. Sama Samawa Industries has announced plans to build a cement factory in Muthanna Governorate, southern Iraq. According to Shafaq News Agency, the factory aims to produce various types of cement, with a daily production capacity of 7,000 tons and an annual output of two million tons. Sinoma International Engineering, a Chinese company […]
By John Lee. The Iraqi Cabinet has approved a recommendation from the Ministerial Energy Council directing the Ministry of Oil's Dhi Qar Oil Company (DQOC) to invite the Italian company Progetti Europa & Global S.p.A. (PEG) to install and operate a "wet oil processing unit" at the Nasiriyah Gas Isolation Station. The plant will have […]
