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Energy

Iraqi Drilling Company Completes First Well in Qayyarah Oilfield

The Iraqi Drilling Company (IDC) has successfully completed drilling the first well (LF2) in its contract with Sonangol to drill 13 oil wells in...
Economy

Iraq Explores Blue Ammonia Plant Development in Basra

On March 4, 2025, the National Investment Commission (NIC) met with KBR to discuss the development of Iraq's first blue ammonia plant in Basra. The...
Business

$600K Contract Awarded for Housing in Anbar

Al-Fityan Company For General Contracts secured a $608,961 contract with the United Nations Office for Project Services (UNOPS) to build 20 housing units in...
Energy

Oil Prices Rebound as Ukraine Ceasefire Remains Uncertain

Oil prices rebounded on Friday, recovering some of the losses from the previous session, fueled by fading hopes of a quick resolution to the...
Economy

Iraq Reduces Costs of Oil Exports to Europe and Asia

Iraq has announced a reduction in the official selling price (OSP) for its crude oil exports to both Asia and Europe for the month...
News

Gold Prices Edge Higher in Baghdad, Remain Stable in Erbil Markets

On Thursday, gold prices saw a slight increase in Baghdad while staying stable in Erbil markets. On Baghdad's Al-Nahr Street, the selling price for 21-carat...
News

US Dollar Exchange Rates Edge Higher Against Iraqi Dinar in Baghdad and Erbil

On Thursday, the exchange rates of the US Dollar against the Iraqi dinar saw a slight increase in both Baghdad and Erbil markets. the...
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