By John Lee. Prime Minister Mohammed Shiaa Al-Sudani has overseen the signing of a principles agreement between the Ministry of Oil and US oil company Chevron for the development of several oil projects in Iraq. The agreement covers the Nasiriyah Project, consisting of four exploration blocks, the development of the Balad oil field, and other […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. U.S. Sanctions on Iran Derail Crucial Iraq-Turkmenistan Gas Deal The U.S. opposes the Turkmenistan-Iraq gas deal as it routes gas via Iran, allowing Tehran to keep a share as a transit fee and profit […]
By John Lee. The US State Department has reiterated its opposition to proposed legislation in Iraq concerning the Popular Mobilisation Forces (PMF), warning that it could increase Iranian influence and undermine Iraq's sovereignty. Speaking at a press briefing on Tuesday, State Department Spokesperson Tammy Bruce (pictured) said Washington opposed any legislation inconsistent with the goals […]
By John Lee. The Office of the United States Trade Representative (USTR) has reported that U.S. goods and services trade with Iraq totalled an estimated $12.0 billion [IQD 15.7 trillion] in 2024, down 8.1 percent ($1.0 billion) [IQD 1.3 trillion] from 2023. Total U.S.-Iraq Trade (2024) Goods and services trade: $12.0 billion Change from 2023: […]
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. Chevron, SLB Deals Signal US Return to Iraqi Oilfields There are two distinct superpower strategies at play to capture the very heartland of the Middle East - Iraq. On the one […]
By Ahmed Tabaqchali 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. Beyond tariffs: Building a win-win relationship between the US and Iraq Iraq was among the countries that received a letter from US President Donald Trump on July 9th […]
By Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Dinar Prospects: Reality Check After Six Months of Trump Six months into Donald Trump's return to the presidency, the Iraqi dinar finds itself at a crossroads between economic fundamentals and persistent speculation. […]
By John Lee. Resecurity, a US-based provider of threat intelligence and cybersecurity, has signed a strategic Memorandum of Understanding (MoU) with Iraq's national Cyber Events Response Team (IQ-CERT), in coordination with ICS Technologies, Resecurity's official distributor in Iraq. According to a press release, the agreement is designed to strengthen Iraq's national cyber defence infrastructure and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani received a delegation from U.S. oil services firm Morgan Hughes, led by the company's Vice President Gregory Bloom, in a meeting held on Tuesday and attended by Steven Fagin, Chargé d'Affaires at the U.S. Embassy in Baghdad. The talks focused on potential cooperation and investment opportunities, including […]
By John Lee. The Iraqi Cabinet has approved an exception for US-based HKN Energy, allowing it to bypass the standard qualification criteria and receive a direct invitation to develop the Hamrin oil field in northern Iraq. Last week, the Ministry of Oil signed an agreement in principle with HKN to develop the field, aiming to […]
By John Lee. The Ministry of Oil has signed a contract with US-based Schlumberger (SLB) to increase natural gas production at the Akkas gas field in Anbar province. Speaking at the signing ceremony, Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, described the project as a major milestone in Iraq's […]
By John Lee. Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded an $11,737,827 modification (P00031) to a previously awarded contract FA8617-21-C-6237 for contractor logistics support of Iraq's C-172 and C-208 fleets. The modification brings the total cumulative face value of the contract from $58,886,759 to $70,624,586. Work will be performed at Martyr BG […]
