By John Lee. Russian Foreign Minister Sergey Lavrov has said that Russia has invested over $19 billion in the Iraqi energy sector. "LUKOIL, Gazprom Neft and Rosneft account for the bulk of this investment," he added. The Minister made the comments at the opening ceremony of an exhibition marking the 80th anniversary of establishing diplomatic […]
By John Lee. Russian and Iraqi officials have held a meeting to finalize agreements aimed at enhancing transport cooperation between the two nations. The Russian side expressed gratitude for the approval of the draft agreement by the Iraqi Prime Minister's Office, indicating Russia's readiness to review and proceed with the signing. They emphasized Iraq's strategic […]
By John Lee. Iraq's Minister of Industry and Minerals, Dr. Khaled Battal Al-Najm, met with Russian Minister of Trade and Industry, Anton Alikhanov, on the sidelines of the International Industrial Exhibition in Russia. Held annually since 2010, the International Industrial Exhibition is the main industrial, trade, and export platform in Russia. It is organised by […]
By John Lee. Iraqi Airways General Manager, Engineer Manaf Abdul Munim, announced today that direct flights between Iraq and Russia will resume on 16th July. According to a statement from Iraq's Ministry of Transport, this decision aligns with directives from the Minister of Transport, Razzaq Muhibis Al-Saadawi, recognizing the route's importance for the Iraqi community […]
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. Iraq and China Strengthen Ties With Major Development Initiative A series of high-level meetings took place last week between senior Iraqi and Chinese officials to finalize the details of the […]
By John Lee. Iraq has appointed a new Ambassador to Russia. Mr Haider Mansour Al Athari (pictured), assumed his duties on Monday, 3rd June. Iraq Business News understands that Mr Athari has previously served as Ambassador to Jordan, and more recently as Head of the Europe Department at the Ministry of Foreign Affairs. (Source: Ministry […]
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. Why Iraq Just Awarded A Strategically Vital Gas Field To A Ukrainian Firm Russia-aligned Iraq has awarded the development of a crucial gas field to a Ukrainian firm. The importance […]
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. Iraq And Iran Will Expedite Development Of Sanctions-Busting Shared Oil Fields A key reason why oil prices have remained relatively subdued despite the ongoing Russia-Ukraine and Israel-Hamas wars is that […]
By John Lee. On Wednesday, Iraqi Prime Minister Mohammed Shiaa Al-Sudani received the Chairman of the Russian Union of Manufacturers and Businessmen and the founder of Lukoil, Mr. Vagit Alekperov, along with his accompanying delegation. During the meeting, discussions were held regarding Russian companies operating in Iraq, in light of the visit made by the […]
By John Lee. The Iraqi Cabinet has agreed to invite Russia's Gazprom to develop the Nassiriyah oilfield as a single contract. While described in a statement from the Prime Minister's office as an "integrated development project", to be offered as a "single bid", it is not immediately clear if this is the originally proposed Nassiriya […]
By John Lee. Iraqi Airways has announced that its scheduled flights between Baghdad and Moscow are cancelled, effective from 3rd February until further notice. According to Iraq's Ministry of Transport, the cancellation is due to what it describes as, "operational reasons with the Russian side." Passengers with reservations are advised to contact the airline for […]
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. Russia Takes Control of Iraq's Biggest Oil Discovery for 20 Years The Eridu field - part of Iraq's Block 10 exploration and development region - is the biggest oil find […]
