Category Archives: Iraqi economy

Crude Export of Iraq in April 2015 to Hit New Record

The oil export in Iraq ought to hit a record of around 3.1 million bpd in April as yield from the nation’s southern fields remains solid and climate conditions make strides, as stated Oil minister of Iraq. In April if … Continue reading

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Iraq Would Look for Issuing $5 billion International Bond to Restore Budget Plan

Hoshyar Zebari, Iraqi Finance minister said that, “Iraq as decided to issue $5 billion in international bonds and is negotiating the terms.” During a conference, he said that Iraq was making a negotiation with Citigroup Inc’s Citibank and Deutsche Bank. … Continue reading

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Russia to Reinforce Iraq Oil, Gas and Military Collaboration Sector

Russian Foreign Minister Sergey Lavrov stated that the developing relationship of Iraq and Russia in the military-technical collaboration, oil and gas, and energy sector is important. He also said that the meeting exceptionally focused on the development of bilateral knot … Continue reading

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Lukoil is Looking for New Supplies from Iraq

Vagit Alekperov, chief executive of Russian oil producer Lukoil, said that the organization will approach Iraq for new oil return on West Qurna-2 project. The Iraqi government repays expenses acquired by Lukoil with oil as a major aspect of the … Continue reading

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Iraq to Review Contracts with the International Companies

Iraq is surveying its agreements in oil generation with the foreign companies  on the grounds that falling prices for crude oil implied that the financial expense of the current administration contracts were so high to possibly hold up under. Oil … Continue reading

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Brent Crude Oil Increases despite Oil Clashes

Brent crude oil has stabilized over $60 per barrel as a strapping dollar, but somehow stresses over due to the effect of the fighting between Libya and Iraq on North African and Middle East oil generation. The dollar strikes 11 … Continue reading

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Export of Natural Gas in May to Iraq

Iran prepares to sign for an agreement with Iraq in the following Iranian calendar year. The contract deals with the supplement of natural gas to Iraq’s southern city of Basra, announced by the Managing Director Alireza Kameli of National Iranian … Continue reading

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Oil Minister Congregates in a Japanese Delegation

Adel Abdul-Mahdi, the Oil Minister, congregates in a Japanese delegation with the common interest involving the two nations, particularly in economic, trade, and energy fields and methods for the development. An announcement made by the Ministry of Oil said, “Abdul-Mahdi … Continue reading

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Iraq and Iran Signed MOUs to Reinforce Economic Connections

Iraq and Iran have signed 7 Memorandum of Understandings (MOU) in diverse fields of these countries economy. It was in the vicinity of Baghdad where the MOUs were officially agreed by both countries represented by Iraqi Prime Minister Haider al-Abadi … Continue reading

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Iraq Stressed Petrochemical Industry gets a Positive Lift

Iraq has good news to bring you. After more examination one gets to be concerned. A couple of days prior, the Ministry of Industry (MoI) marked an ‘in principle’ agreement along with Royal Dutch Shell to assemble a petrochemical plant … Continue reading

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