By John Lee. In a meeting of the Joint Management Committee, Iraq's Oil Ministry discussed the development plan for fields and projects contracted with the French company TotalEnergies. The Deputy Minister for Extraction Affairs affirmed the ministry's commitment to implementing strategic projects with TotalEnergies and QatarEnergy. According to a statement from the Ministry, the four […]
By John Lee. Qatar has appointed a new Consul General in Erbil. The Head of the Protocol Department at the Ministry of Foreign Affairs, Ammar Dawood, received the consular credentials of HE Hussein bin Ali Al Fadala on Tuesday. The Qatari Investment Holding Company [Estithmar Holding] has recently announced investments in Iraq. (Source: Qatari Ministry […]
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the nine-month period ended 30 September 2023, parent company Ooredoo said: "Asiacell maintained its strong performance into Q3, delivering double-digit revenue and EBITDA growth. Asiacell' customer base remained stable at 17.1 million customers. "Revenue increased […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Sunday evening to discuss diversifying gas sources for power stations in Iraq. During the meeting, the delegation's report on their recent visit to Qatar was discussed, led by the Deputy Minister of Electricity. The meeting concluded with an agreement to establish a fixed […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed Shia Al-Sudani, has laid the foundation stone for a large tourism complex in Baghdad. The project includes a large hotel, a residential complex, and various tourism facilities. The Qatari Investment Holding Company [Estithmar Holding] is leading the project, which marks Qatar's first investment venture in […]
By John Lee. Qatar's Estithmar Holding Q.P.S.C. has announced that its subsidiary, Elegancia Healthcare W.L.L., has established a branch in Iraq in line with the memorandum of understanding that was signed recently with the aim of managing and operating several hospitals that will start soon in Iraq. Estithmar also announces that it's subsidiary, Elegancia Marine […]
By John Lee. The Ministry of Electricity has reportedly confirmed the formation of a joint committee with the Ministry of Oil to discuss importing gas from Qatar and Turkmenistan. State-run Iraqi News Agency (INA) quoted theh Minister of Electricity, Ziyad Ali Fadhil, as saying that the committee will go with a delegation to Turkmenistan, and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani reviewed initial plans and overall outlines for a large tourist complex in central Baghdad on Sunday. The project proposal was submitted by the Qatari Investment Holding Company [Estithmar Holding], specialized in real estate development and investment in tourist destinations. Pictures provided by the Media Office of the […]
By John Lee. Mobile phone service Asiacell has reported strong growth in revenue and EBITDA. In its financial results for the six-month period ended 30 June 2023, parent company Ooredoo said: "Asiacell achieved very solid Revenue growth in H1 2023, with a YoY increase of 16%, reaching a total of QAR 2,024 million. This growth […]
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 Irina Slav for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Inks Long-Awaited $27 Billion Energy Deal With TotalEnergies The government of Iraq and TotalEnergies have signed a long-awaited deal worth $27 billion that should see Iraq's oil production grow […]
By John Lee. The Iraqi Ministry of Oil has signed four contracts, reportedly worth a total of $27 billion, with the French company TotalEnergies. The contracts cover a range of projects, including the development of the Ratawi [sometimes called Artawi] oil field, the construction of a 1GW solar power plant, and the transportation of seawater […]
