Baghdad, Iraq- Prime Minister Mohammed Shia Al-Sudani has approved a new date for the Iraq Investment Forum, which is now set to take place on April 12-13, 2025.
According to a letter from the Prime Minister's office, Al-Sudani’s approval ensures that the necessary preparations for the event can proceed in alignment with the updated schedule. The forum is expected to...
Baghdad, Iraq- Russia confirmed that its energy investments in Iraq have reached $19 billion, strengthening its economic ties with the country. Officials highlighted the growing cooperation between Russia and Islamic nations, including Iraq, ahead of the Kazan Forum 2025.
The 16th International Economic Forum “Russia – Islamic World: Kazan Forum” will take place from May 13 to 18. This platform...
Prime Minister Mohammed S. Al-Sudani recently met with Bandar bin Fahd Al-Fuhaid, President of the Arab Tourism Organization (ATO), to discuss strategies aimed at boosting Iraq’s tourism sector. The meeting marked a significant step in fostering regional cooperation and enhancing the country’s tourism infrastructure.
As a result of the discussions, two Memoranda of Understanding (MoUs) were signed with the Ministry...
Baghdad, Iraq - The Al-Anbar Provincial Council is reintroducing its glass and ceramics factory as an investment opportunity after terminating its contract with a Russian company. An official confirmed the decision on Sunday, marking a new chapter for the long-idled facility.
The move follows years of legal and financial challenges that halted rehabilitation efforts, leading to prolonged shutdowns. The factory,...
Baghdad, Iraq -On March 6, a crucial meeting took place between officials from the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI), alongside representatives from the Association of the Petroleum Industry of Kurdistan (APIKUR). The primary topic of discussion was the resumption of oil exports via the Iraq-Türkiye Pipeline. This meeting is considered a vital step toward...
Baghdad, Iraq- Oil prices fell in Asian markets on Monday, extending losses from the previous week, as expectations of resumed exports from Kurdistan’s oilfields weighed on the market. Investors also awaited further developments in negotiations related to the ongoing Russia-Ukraine conflict.
Brent crude futures dropped by 14 cents, or 0.2%, reaching $74.29 per barrel by 0441 GMT, while US West...
Baghdad, Iraq - Iraq exported over 95 million barrels of crude oil and petroleum products to the United States in 2024, marking a decline from 115 million barrels the previous year, according to the US Energy Information Administration (EIA).
EIA data showed that April recorded the highest monthly exports at 10.5 million barrels, while February saw the lowest at 4.68...
Baghdad, Iraq- Iraq is grappling with a potential energy crisis after the recent revocation of its exemption from US sanctions on Iranian gas and electricity imports. This decision by President Donald Trump threatens to cut off nearly 40% of Iraq’s power supply, leaving the country scrambling to secure alternative energy sources and avoid widespread blackouts.
For decades, Iraq has relied...
Hayan Abdul-Ghani Al-Sawad, Iraq’s Deputy Prime Minister for Energy Affairs and Minister of Oil, announced on Thursday that 2025 will see a rise in oil derivatives production.
During the first meeting of the Opinion Board for 2025, Al-Sawad emphasized the ministry's commitment to boosting production capacities within the refining sector. He highlighted that this year will bring a significant increase...