Tag Archives | United States

China "the Only Winner" in this Huge Iraqi Oil Field

Writing in Oil Price, Simon Watkins that the recent approval of the Iraqi National Oil Company (INOC)'s acquisition of ExxonMobil's 32.7 percent stake in the West Qurna 1 oil field is likely to leave China delighted, the U.S. irritated, and Iraq's oil industry still unable to achieve any of its key oil output goals. Click […]

Funding Opportunity for Iraqi Projects

Request for Statements of Interest: FY21 DRL Iraq Programs The U.S. Bureau of Democracy, Human Rights and Labor (DRL) has announced a Request for Statements of Interest (RSOI) outlining project concepts and capacity to manage programs in Iraq that will: strengthen effective governance; increase political participation and civic activism; promote fundamental freedoms; and support atrocity prevention, accountability, and […]

1,000 SMEs Financed by IOM's Enterprise Development Fund

Sustainable Living in Iraq: A Milestone 1,000 SMEs Financed Through IOM's Enterprise Development Fund At the conclusion of Iraq's devastating conflict with the Islamic State in Iraq and the Levant (ISIL), small and medium enterprises (SMEs) found themselves without access to the finance necessary to rebuild in the wake of the war's large-scale destruction. In […]

Iraq announces End to US-led Combat Role

By Jared Szuba 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 announces end to US-led combat role with no fanfare The defeat-IS coalition will continue its advisory mission into next year, despite a declared end to a combat role. […]

General Dynamics wins new Iraq Defense Contract

By John Lee. General Dynamics Land Systems Inc., Sterling Heights, Michigan, has been awarded a $15,249,189 modification (P00003) to contract W56HZV-21-C-0072 for logistics support services for M1A1SA Abrams tanks and M88A1/A2 recovery vehicles. Work will be performed at Camp Taji, Iraq, with an estimated completion date of Dec. 31, 2022. (Source: US Dept of Defense)

A New Chance at Kingmaking for Iraqi Kurds

By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A New Chance at Kingmaking for Iraqi Kurds With militias on the back foot, the United States should lean on Kurdish and Iraqi leaders to […]

UN Meets Donors to Discuss Development Strategy for Iraq

A high-level meeting between the United Nations and international donors took place in Baghdad to discuss the United Nations' updated development strategy for Iraq. The meeting focused on the 2020-2024 United Nations Sustainable Development Cooperation Framework (UNSDCF), which was signed by the Government of Iraq in September. The UN was represented by the Deputy Special […]

US gives $19m to Vulnerable Families in Iraq

The United Nations World Food Programme (WFP) welcomes a timely and generous contribution of US$19.24 million from the U.S. Agency for International Development's Bureau for Humanitarian Assistance (USAID-BHA). The funding will help provide life-saving assistance to 181,000 displaced Iraqis and 72,000 Syrian refugees in the form of cash transfers that support their immediate food needs. The U.S. […]

Chevron's Oil Deal with Iraq "is One to Watch"

Writing in Oil Price, Simon Watkins says that, given the negative history of dealing with China over the Nassiriyah project and the fact that Russia is occupied elsewhere in the country and the region, the United States might be in an unusually positive position to take a significant role in either the Nassiriyah field development […]

INOC to Negotiate with Chevron to Develop Dhi Qar Oil Fields

By John Lee. The Iraqi Cabinet has authorised the Iraqi National Oil Company (INOC) to negotiate directly with US oil company Chevron to develop four oil fields in Dhi Qar Governorate. According to a statement from the Ministry of Oil, the fields constitute the Nasiriyah block, which has a target output of 600,000 barrels of […]

US "using Saudi Arabia to Expand its Influence In Iraq"

Writing in Oil Price, Simon Watkins says that without a new nuclear deal with the United States, Iran's ability to influence Iraq is severely limited by its lack of dollars. With a new nuclear deal though, Iran would resume its ability to influence Iraq. Click here to read the full article.

US provides Additional $3m COVID-19 Assistance to Iraq

The United States, through the United States Agency for International Development (USAID), is pleased to announce an additional $3 million in urgent COVID-19 assistance for Iraq. USAID's contribution will help Iraq better detect and diagnose COVID-19 infections, reduce COVID-19 cases and deaths, and broadly increase access to vaccines for Iraqis nationwide. This assistance, implemented by […]