By Michael Kern, for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq […]
By John Lee. According to the Iraqi Civil Aviation Authority (ICAA), the opening of Mosul International Airport has been delayed due to several outstanding technical and operational requirements. The authority said it continues to monitor the project through regular field visits by technical teams and coordination with the Nineveh provincial administration and other relevant parties […]
By John Lee. The Ministry of Transport announced on Tuesday that international air traffic will resume transit operations through Iraqi airspace within 24 hours following high-level coordination meetings with regional and international aviation bodies. The ministry said the arrangements were coordinated with Saudi Arabia, Kuwait, Bahrain, the European Union and the International Air Transport Association […]
By John Lee. Seven OPEC+ member states have agreed to implement a combined production adjustment of 188,000 barrels per day (bpd) in July 2026, according to a statement from the group. The countries involved are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The group met virtually on Saturday to review global market conditions. […]
By James Drummond, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq urgently needs to find ways of getting its oil to market Iraq is planning to triple crude oil export volumes via pipeline, according to the […]
By John Lee. Talaat Moustafa Group (TMG) has received an investment licence and secured a land bank of approximately 12.8 million sqm in south-west Baghdad to develop an integrated urban community, in what the Egyptian group describes as a key milestone in its regional expansion strategy. According to TMG Holding, its subsidiary Talaat Moustafa Company […]
By John Lee. A 120-km road rehabilitation project linking Nukhaib district to Karbala province has been completed by the Ministry of Construction, Housing and Public Municipalities. According to the ministry's media centre, the road, which is 7.5 metres wide, connects the Arar border crossing with Saudi Arabia to Karbala, passing through Anbar province. It also […]
By John Lee. A new hydrocarbon discovery has been made at the Qurnain exploration block in southwest Iraq, marking the first oil find at any block awarded under the fifth supplementary and sixth licensing rounds. The discovery was confirmed following the drilling of exploratory well Shams-11, which began on 10th January 2026. A potential hydrocarbon […]
By John Lee. Iraq's General Company for Land Transportation (GCLT) has successfully completed a trial freight journey under the TIR system along a new corridor linking Turkey, Iraq, and Saudi Arabia. The route runs from the Ibrahim Al-Khalil border crossing to the Arar crossing, with the trial completed within the planned schedule and without reported […]
By John Lee. OPEC has announced that eight OPEC+ countries will implement a production adjustment of 206,000 barrels per day in May 2026, as part of ongoing efforts to stabilise global oil markets. The decision was taken during a virtual meeting on 5 April involving Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman. […]
By John Lee. Iraq participated via video link in a meeting of OPEC+ countries to review global oil market conditions and the production outlook. The group agreed to modestly increase oil production starting April 2026, adding 206,000 barrels per day, as part of a gradual unwinding of earlier voluntary output cuts, citing stable economic conditions […]
By John Lee. An Iraqi-Emirati consortium is reportedly planning a $700 million subsea and terrestrial data cable linking the United Arab Emirates to Turkey via Iraq. Branded WorldLink, the project comprises Tech 964 (T964), headed by Ali Elakabi [ALMCO, Amwaj International], Iraq-based DIL Technologies and UAE-based Breeze Investments. Click here to read the full article […]
