By John Lee. A development contract for the Hamrin oil field has been activated with US-based HKN Energy in a ceremony attended by Minister of Oil Basim Muhammad Khudhair al-Abadi. According to the Ministry of Oil, the contract targets a peak production rate of 140,000 barrels per day of oil, alongside approximately 40 million standard […]
By John Lee. Starlink has been granted an official licence to operate in Iraq. The licence was signed at a ceremony held at the American Chamber of Commerce in the United States, in the presence of Prime Minister Ali al-Zaidi. According to Iraq's Communications and Media Commission (CMC), the licence was signed by the commission's […]
By John Lee. Iraq has signed 48 agreements, memoranda of understanding (MoUs) and partnership declarations with US public and private sector entities spanning the oil, electricity, technology, finance and agriculture sectors. According to Iraq's Prime Minister's Office (PMO), the signing ceremony took place on Friday evening Baghdad time under the auspices of Prime Minister Ali […]
By John Lee. A floating gas platform project at Khor al-Zubair is set to proceed. following a meeting in Washington between Prime Minister Ali al-Zaidi and the chief executive of US-based Excelerate Energy. In October, the Ministry of Electricity and Excelerate Energy agreed on a floating storage and regasification unit (FSRU) with a capacity of […]
By John Lee. An agreement has been reached to open a branch of JP Morgan in Iraq to finance projects implemented by American companies. The deal was agreed during a meeting in Washington between Prime Minister Ali al-Zaidi and representatives of the bank. Earlier this month, we reported that KAR Electrical Power Plant Production Trading […]
By John Lee. Seven Iraqi banks have been cleared to re-enter non-dollar international correspondent banking channels, following high-level meetings between the governor of the Central Bank of Iraq (CBI) and officials at the US Treasury. The meetings followed Prime Minister Ali al-Zaidi's official visit to the United States and his meeting with the US President. […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi has met International Monetary Fund (IMF) Managing Director Kristalina Georgieva in Washington on Saturday to discuss Iraq's economic outlook and the prospects for cooperation between the two parties. According to the Prime Minister's Office (PMO), talks covered economic and financial reform policies, efforts to achieve sustainable growth, […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with the chief executive of ExxonMobil, Darren Woods, and the company's board at its headquarters in Houston to discuss expanding oil production and export capacity, and potential partnership in refinery development. According to the Prime Minister's Office, al-Zaidi outlined the government's intention to develop Iraq's […]
By John Lee. Iraq's Ministry of Trade has held discussions with representatives of SpaceX, including its Starlink satellite internet team, during meetings in Washington. Minister of Trade Mustafa Nizar Jumaa said the talks focused on potential cooperation in satellite internet services, digital infrastructure, and e-government platforms. He indicated that Starlink's technology could support Iraq's digital […]
By John Lee. Iraq's Prime Minister Ali al-Zaidi has met with World Bank Group President Ajay Banga in Washington. The delegation accompanying Banga included Makhtar Diop, President of the International Finance Corporation (IFC), and senior World Bank officials. According to the Prime Minister's Office, al-Zaidi highlighted the government's focus on banking sector reform and programme […]
By John Lee. ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL) from BP, supporting the redevelopment of four producing oil fields in the Kirkuk area of northern Iraq. The agreement is expected to be signed during Prime Minister Ali al-Zaidi's official visit to Washington, D.C. BP […]
By John Lee. Chevron has held talks with Iraq's Prime Minister on expanding investment in southern oil fields, refining, pipeline infrastructure, and export routes. The meeting took place at Chevron's corporate headquarters and was attended by Iraq's ministers of oil and electricity, along with the Prime Minister's advisory council and the Iraqi ambassador to Washington. […]
