By John Lee. Iraq's Ministerial Council for Energy has recommended awarding the tender number "MOD-2024" for the operation and maintenance of diesel stations in North Diwaniyah, East Diwaniyah, East Karbala, and North Amara to Dasoff Petroleum Service LLC. The contract price is set at $13.5 per MWh on a "Take and Pay" basis for a period of 5 years, as decided by the Ministry of Electricity's central review and approval committee. Dasoff, which has an associate company in India, describes itself as a consortium of: Mohammed Obaid Mohammed DAS Offshore Engineering PVT. LDT. Bhagwan Dhamaji Gawa ..read more

By John Lee. The General Directorate for Industrial Development (GDID), part of the Iraqi Ministry of Industry and Minerals, has granted 219 preliminary licenses for new industrial projects. It has also revealed the specialized services and facilities provided to licensed private sector projects during the first quarter of this year. The directorate's head, Dr. Ali Ibrahim Jinnan, stated that the licenses were distributed across various industries, including food, construction, chemical, metal, and textiles in different provinces. Efforts continue to provide specialized services, such as issui ..read more

By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani inaugurated the first phase of the Continuous Casting Plant at the General Company for Steel Industries in Taji, north of Baghdad, on Wednesday. The plant, which has been rehabilitated, modernized, and operated, has a production capacity of 600,000 tons annually. It specializes in melting and casting iron scrap into iron billets (blanks) as a primary product for rolling. It utilizes advanced furnaces and casting machinery from leading international suppliers and will help meet the country's diverse iron product needs, create job opport ..read more

By John Lee. Dana Gas has said it is resuming operations at its Khor Mor gas field in Iraqi Kurdistan "in a phased manner." In a statement to the Abu Dhabi Securities Exchange on Wednesday, the company said: "Based upon concrete actions which have been taken by the Government of Iraq and the Kurdistan Regional Government to significantly strengthen defences at the Khor Mor site as well as firm commitments from the highest levels of those authorities, Dana Gas and its partners have taken steps to recommence production from the Khor Mor field. "This is being done in a phased manner with new meas ..read more

By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiya, has signed the Singapore Convention on Mediation (formally the United Nations Convention on International Settlement Agreements Resulting from Mediation). He stressed the importance of integrating international and local investment environment indicators. Dr. Haider Mohammed Makiya, the Chairman of the National Investment Commission and a well-known international investment expert, signed the United Nations Convention on International Mediation in New York City, USA. This convention is also ca ..read more

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will criminalization of homosexuality derail warming of Iraq-US ties? Iraq's parliament has voted to criminalize same-sex relations and other forms of what is described as "deviance." The wide-ranging amendment to Iraq's 1988 Anti-Prostitution law also includes provisions related to sex-change operations, prostitution, and the public promotion of such acts. The legislation has drawn sharp criticism from western governments and human rights advocates, and could di ..read more

By John Lee. President of Iraq, Abdul Latif Jamal Rashid, welcomed four newly appointed ambassadors to Iraq at Salam Palace in Baghdad on Monday, April 29, 2024: Bahrain Ambassador Khalid Ahmed al-Mansour; Malta Ambassador George A. Said Zammit; Portugal Ambassador Fernando d'Orey; and Angola Ambassador Jose Martinez. Separate ceremonies were held earlier in the day during which the ambassadors presented their credentials. According to President Rashid, Iraq is committed to building balanced and productive relations with its neighbors and the rest of the world, based on mutual respect and co ..read more

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. In rare visit, Erdogan pushes for stronger Turkish stake in Iraq Despite the fanfare surrounding Turkish President Recep Tayyip Erdogan's tour of Baghdad and Erbil-his first in 13 years-ambiguities remain over longstanding grievances. A total of 26 accords and memoranda of understanding (MOUs) were signed during the one-day visit on Apr. 22. The latter includes a MOU between Ankara and Baghdad on a strategic framework on energy, security, trade, and water. T ..read more

By Sarhang Hamasaeed, for the United States Institute of Peace (USIP). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Baghdad Is Ready for a New Chapter in U.S.-Iraq Relations Prime Minister al-Sudani's visit shows Iraq wants to move beyond security and needs U.S. support to address climate, economic and regional challenges. Click here to read the full article. The post Baghdad Ready for New Chapter in US-Iraq Relations first appeared on Iraq Business News ..read more

By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for March, but has still not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 106,112,038 barrels. Oil fields in central and southern Iraq accounted for 104,680,093 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. Oil exports to Jordan by truck were 464,453 barrels. Exports from Qayyarah were 967,492 barrels. Average daily crude oil exports: 3.423 mi ..read more