By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has announced that the Kirkuk-Baiji-Baghdad pipeline is now operational. According to a statement from the Ministry, the 16-inch crude oil pipeline was completed in record time. Running for 180 kilometers, the pipeline will supply the refineries of Baiji and Daura, and the Quds […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]
By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Around 8 p.m. on Oct. 15, an Iranian general from the powerful Islamic Revolutionary Guard Corps (IRGC) accompanied by Iraqi Commanders Abu Mahdi al-Muhandis and Hadi al-Ameri sat down […]
By Mustafa Saadoun for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iran's Quds Force Commander Qasem Soleimani has stirred a great deal of controversy in Iraq, where people have started arguing over whether his role is a positive or a negative one. Some Iraqi youths […]
Iraqi army and militia forces are fighting to take back Tikrit from the so-called Islamic State. Pulling the strings on the Iraqi side is an Iranian: Major-General Qassem Suleimani, the 'shadow commander' who has been described as the single most powerful operative in the Middle East. As the leader of the foreign branch of Iran's […]
South Korea’s Hyundai Engineering & Construction Co. has started work on a $219 million project to expand a gas-fired power station near Baghdad, Bloomberg has reported. The Al-Quds station located in a suburb northeast of the capital will increase production to 1,400 megawatts from 900 megawatts withing 18 months, according to Qais al-Waeli, a spokesman […]
The Iraqi Ministry of Electricity said on Tuesday it had signed a contract with Hyundai, of South Korea, for the construction of four new power generating stations at the al-Quds [al-Qudus] Gas Plant. Musaab Mudarris, the spokesman for the ministry, said the construction of the four new stations with a capacity of 125 megawatts (MW) […]
