US and Israeli attacks on Iran last month prompted some of the few international oil companies still active in neighboring Iraq to evacuate foreign workers or minimize on-the-ground staffing. Iraq is politically aligned with Iran and a possible location …
By John Lee. The eight OPEC+ countries, including Iraq, have reaffirmed their coordinated approach to oil market stability and announced a collective production adjustment for August 2025. In a virtual meeting held on 5 July, the group cited healthy market …
By John Lee. State-owned Rasheed Bank has launched specialised loans for purchasing renewable energy systems, specifically solar panels, with financing provided directly by the Central Bank of Iraq (CBI). The initiative allows citizens and public sector …
By John Lee. The Dhi Qar Oil Company (DQOC) has launched a comprehensive production plan to develop three key oil fields in Iraq's Dhi Qar province: Nasiriyah, Saba [Subba], and Garraf [Gharraf]. General Manager Sa'id Zgair Shalaka told the state- …
By John Lee. The Iraqi government has approved a proposal from the Basra Governorate to include four new water desalination projects in its development plans. The approved plants are: Shatt Al-Arab Desalination Plant, with a capacity of 5,000 m³/hour; …
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions targeting networks involved in transporting and purchasing Iranian oil, including a group of companies led by Iraqi businessman Salim …
By John Lee. Judge Munther Ibrahim Hussein has been officially sworn in as President of Iraq's Federal Supreme Court (FSC) during a ceremony at Baghdad Palace, overseen by President Abdul Latif Jamal Rashid. President Rashid congratulated Judge Hussein …
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