By John Lee. The US State Department has approved a possible Foreign Military Sale to the Government of Iraq for a nationwide communications and repeater system valued at up to $100 million. The Defense Security Cooperation Agency (DSCA) has notified Congress of the proposed transaction. The package includes Radio Access Points, handheld radios, base stations, […]
By John Lee. US agri-foods giant Archer-Daniels-Midland (ADM) has reportedly confirmed that Iraq has purchased two vessels of US long-grain rice. According to industry group USA Rice Federation (USA Rice), the shipments total 88,000 metric tons, and are scheduled for January and March 2026. It quotes its Chair, Keith Glover, as saying: "These two sales […]
By John Lee. The US Supreme Court has declined a petition from American defense contractor Wye Oak Technology, which had petitioned it to review its long-running legal dispute with Iraq. The case stems from a ruling by the U.S. Court of Appeals for the District of Columbia Circuit in July 2024, overturning a previous decision […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. MoO Should Brace for ROCs' Coerced Exodus The tripartite (UK, EU and US) sanctions against Russian oil companies (ROCs), Lukoil and Rosneft, present direct, immediate and impacting threats to the development of […]
By John Lee. Swiss-based Gunvor Group has withdrawn its proposal to acquire Lukoil's international assets following opposition from the US Treasury Department. The Treasury stated that Gunvor would not receive a licence to operate as long as Russia continues its military actions in Ukraine, describing the company as "the Kremlin's puppet." Gunvor rejected the claims, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will return of US oil giant herald western re-engagement with Iraq's energy sector? ExxonMobil has signed a preliminary agreement with Baghdad to develop the supergiant Majnoon oil field. The move signals the company's […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Tensions soar as Pentagon chief 'issues final warning' to Iraq over armed groups Iraq has received a claimed "final warning" from the US that Iran-backed armed factions must sit out a potential renewed […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran floats 'dual-track approach' as Baghdad playbook gets reconsidered As Iran takes stock of its regional policies amid a tenuous lull in its confrontation with Israel and the US, an adaptive posture towards […]
By John Lee. KBR (United States) has been selected by ENKA Insaat (Turkey) to provide detailed engineering design services for the Associated Gas Upstream Project Phase 2 (AGUP2), part of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies in partnership with Basra Oil Company (BOC) and QatarEnergy in Iraq's Basra region. This latest award […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Sunday chaired a meeting to follow up on the latest measures and steps taken regarding the implementation of the Baghdad Metro project. The meeting was attended by the Mayor of Baghdad, the head of the Iraq Development Fund, a number of advisers, representatives of diplomatic missions, […]
By Raad Alkadiri for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US energy firms are returning to Iraq -- but politics could undo their fortunes US firms are back in Iraq. Whether their outlook is as propitious a year […]
By John Lee. Russia's LUKOIL has announced that it will sell its international assets to Swiss-based Gunvor Group. In an announcement on Thursday, the company said: "The conclusion of the binding agreement for the transaction is subject to conditions precedent including obtaining OFAC permission by the Purchaser as well as any other applicable licenses, permits […]
