Statement from US National Security Advisor Jake Sullivan Welcoming Developments in Iraq's Energy Sector We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq's sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil […]
By John Lee. TotalEnergies has confirmed that it will proceed with the Gas Growth Integrated Project (GGIP) in Iraq. In a statement to the markets on Wednesday, it added that QatarEnergy to take a 25-percent stake in the project. Also, in agreement with Iraqi authorities, TotalEnergies will invite the Saudi company ACWA Power to join […]
Continuing his meetings in Germany on the sidelines of Munich Security Conference last week, President Nechirvan Barzani met with His Excellency Sheikh Mohammed bin Abdulrahman Al-Thani, the Deputy Prime Minister and Minister of Foreign Affairs of the State of Qatar. The meeting focused on Qatar's relations with Iraq and the Kurdistan Region and their joint […]
By John Lee. Mobile phone service Asiacell has reported an increase in customers and data traffic, but a drop EBITDA. In its financial results for the year ended 31 December 2022, parent company Ooredoo said: "Asiacell reported solid Revenue for the year 2022, reaching a total of QAR 3.7 billion. However, the EBITDA saw a […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China Makes Big Moves To Secure Iraqi Oil Whilst the U.S. and its allies appear to be taking a subtle approach to advancing their remaining interests in Iraq, as hinted […]
By John Lee. TotalEnergies is reportedly pulling its foreign staff out of Iraq as it struggles to finalise a deal with Baghdad for its $27-billion package of energy projects. According to Reuters, the negotiations have stalled over a demand from Iraq for a 40-percent share in the projects. The head of the Basra Oil Company […]
By John Lee. Mobile phone service Asiacell has reportedly appointed US-based LigaData to implement a new Data Governance Framework and Data Governance Center of Expertise. According to a press release, the partnership will enable more innovative digital services for Asiacell's 17 million subscribers and significantly improve the organization's return on investment from existing data infrastructure. […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Gulf Cup gives Iraq chance to draw closer to Arab neighbors Iraq is about to embark on a new chapter in its sporting history. From 6th-19th January, Basra will host the 25th edition […]
By John Lee. Qatar-based cloud, connectivity and content enabler Gulf Bridge International (GBI) has reportedly updated the 'North Route' of its subsea cable meshed smart network, connecting the Gulf to Europe through Iraq. According to Zawya, this improves route diversification and enhances the resilience of internet connectivity to and from the region. It says it […]
By John Lee. Mobile phone service Asiacell has reported a drop in revenues and EBITDA. In its financial results for the nine months ended 30 September 2022, parent company Ooredoo said: "Asiacell reported revenue of QAR 2.7 billion, a decrease of 2%, due to the ongoing intense competition in Iraq. "Asiacell's EBITDA dropped by 7% […]
By John Lee. The Iraqi Cabinet has adopted the recommendation of the Ministry of Foreign Affairs regarding the opening of a Qatari general consulate in Erbil. Iraq reserves its right to open an Iraqi consulate in Qatar in the future, according to the principle of reciprocity. (Source: Iraqi Cabinet)
By John Lee. Qatari mobile telecoms group Ooredoo is planning to sell its portfolio of transmission towers, which includes those owned by its Iraqi subsidiary Asiacell. Media sources suggest that this will be done on a sale-and-leaseback basis, and that the portfolio may be split by country. According to Reuters, Morgan Stanley is advising on […]
