By John Lee. According to Iraq's Ministry of Oil, drilling has begun on a new exploration well in the Amerli district of Salahadin province - the first such well to be drilled in the northern governorates since 1978. The work is being carried out under a tripartite contract involving North Oil Company (NOC), Iraqi Drilling […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Clock Is Ticking Down To Iraq's Economic Disaster On 27 July OPEC's second-largest oil producer, Iraq, has less than two months before it loses the key means to export its […]
By John Lee. Preliminary principles agreements have been signed covering the transfer and development of several oil fields in southern and central Iraq. The first agreement was signed between Basra Oil Company (BOC) and US oil major Chevron for the transfer of management of the West Qurna 2 field. A second agreement was signed between […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has inaugurated several oil sector projects in Baiji District, Salah al-Din Province, on Thursday: The fourth and fifth oil refining units at Al-Siniyah Refinery in Salah al-Din Province, each with a capacity of 10,000 barrels per day, increasing the oil refinery's total capacity to 50,000 barrels […]
By John Lee. Iraq's National Investment Commission (NIC), in collaboration with the Ministry of Construction, Housing, and Public Municipalities, invites investment proposals for: the New City of Balad in Salah al-Din Governorate This project spans 804 dunams and offers a single investment opportunity. Interested investors must purchase the investment portfolio for 30 million Iraqi dinars […]
From the Norwegian Refugee Council (NRC). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Cracked Earth, shrinking harvest: Drought impact on displaced and returnee Iraqis This report explores an often-overlooked theme: the impact of climate on individuals and communities who are still displaced. How-if […]
By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, emphasized the importance of private sector partnerships to reduce reliance on imports and meet domestic industrial needs. On Thursday, Al-Sudani oversaw the signing of three industrial contracts with private companies to boost production in the fertilizer and chemical sectors: A 1 million ton/year urea fertilizer plant […]
By John Lee. UAE-based company ARJ Holding LLC has signed a contract to establish a compound fertilizer production project in Baiji, Salah al-Din province. According to a statement from the Office of the Prime Minister, the facility will have an annual production capacity of 249,000 tons of various compound phosphate fertilizers. It will make di-ammonium […]
By John Lee. A government delegation, led by the Prime Minister's Energy Advisor, Mr. Faiad Hassan Naima, and the Deputy Minister of Oil for Refining Affairs, Mr. Hameed Younis, visited the Baiji Northern Refinery on Thursday, October 19, 2023. The purpose of this visit was to assess the progress of the rehabilitation and reconstruction project […]
By John Lee. The Agricultural College of the University of Salahaddin has planted 5,000 trees using Groasis Waterboxx technology, as part of the 'Resilience Building Interventions to Promote Food Security in Iraq' program. The innovative Waterboxx technology acts as a protective container, ensuring seed moisture and shielding from harsh conditions. Types of trees planted include […]
From The Jerusalem Post. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Prosperity comes to Sunni provinces in Iraq Three major Sunni Muslim provinces in Iraq are witnessing great prosperity after their liberation from ISIS in 2017, with building projects underway. Click here to […]
By John Lee. Iraq's Commission of Integrity has announced that a former governor of Salah Al-Din province has been found guilty, in absentia, of corruption. It said the governor took bribes of approximately $7 million in return for the awarding of contracts. The bribes included 4.6 billion Iraqi dinars and 1.5 million US dollars, in […]
