By John Lee. Iraq's Minister of Oil, Ihsan Abdul Jabbar Ismail, has stressed the importance of developing the Eridu (Arido) oilfield in Block 10, which is in the Muthanna and Dhi Qar provinces. This came during a meeting with Lukoil's Vice President for Central Asia, Middle East, and North African affairs, Stepan Gorgi, and his […]
By John Lee. An official at the Russian Foreign Ministry has reportedly said that Russia is ready to supply Iraq with "isotope products", and to assist Baghdad in the field of non-energy nuclear technology. According to RIA Novosti, Alexander Kinshchak, the Ministry's Director for the Middle East and North Africa, added that Russia's Rosatom and […]
By John Lee. Mustafa Ghaleb Mokhif, the Governor of the Central Bank of Iraq (CBI) has met with the Russian Ambassador to Iraq, Elbrus Kutrashev, to discuss the payments due to Russian companies operating in Iraq. In a statement after the meeting, both parties expressed the need to find appropriate solutions to this issue. Payments […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. What the Russia-Ukraine war means for Iraqi Kurdistan Russia's invasion of Ukraine has had wide-ranging economic, political, and social consequences around the world, including in Iraqi Kurdistan. Food and fuel prices have increased […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Tension simmers on Iraqi street as food prices rise Already faced with chronic issues such as persistently high unemployment and a lack of access to basic services, Iraqis are now hit by skyrocketing […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Russian ambassador to Iraq: 'No objections' to Kurdistan Region exporting gas to Europe Elbrus Kutrashev (pictured) spoke to the Kurdish news outlet Rudaw about plans to export natural gas […]
By Ayser Jabbar for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq grapples with rising food costs as a result of Ukraine war Ripple effects from the Russian invasion of Ukraine are driving the Iraqi government to allot additional funds […]
By Samuel Ramani, for The Middle East Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. What does Russia's war in Ukraine mean for Iraq? Although Iraq has avoided taking sides in Russia's war with Ukraine, the conflict could exacerbate factional divisions and […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How the Ukraine war creates opportunities, challenges for Iraq Russia and Ukraine are major breadbaskets, accounting for 30% of wheat, 17% of corn, and over half of sunflower seed oil exports worldwide. The […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Russian invasion of Ukraine has sharp impact on Iraq's economy Russia's invasion of Ukraine has caused shortages of food in Iraq and forced the government to pay more in […]
By John Lee. A report by the UN's World Food Programme (WFP) has said that the food security situation in Iraq is now being exacerbated by the global impacts of the Ukraine-Russia war. The two countries are the key suppliers of food, energy, and agricultural inputs, globally. Russia and Ukraine jointly are responsible for almost […]
Writing in Oil Price, Simon Watkins says Iraq's West Qurna 2 oilfield, run by Russian oil giant Lukoil, may see a quick increase in production from 400,000 barrels per day (bpd) to well over 600,000 bpd, rising to more than 1 million bpd further out. Click here to read the full article.
