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Economy

Iraq Signs Development Contract for Four Kirkuk Fields with BP

On Monday, the Ministry of Oil announced the signing of a significant contract with BP for the development of the four Kirkuk oil fields....
News

Iraqi Airways Recovers 20 Billion Dinars Thanks to Federal Integrity Commission Efforts

The Federal Commission of Integrity (FCoI) announced on Monday that it successfully facilitated the return of 20 billion dinars to Iraqi Airways Company. The...
News

US Urges Iraq to Settle Arrears Owed to American Oil Companies in Kurdistan Region

The United States has called on Iraq to address outstanding financial obligations to American oil companies operating in the Kurdistan Region. During a phone...
Economy

Iraq and OPEC+ Members Reaffirm Commitment to Oil Production Adjustments

Iraq, along with seven OPEC+ member states, met virtually on Monday to review the state of the global oil market and its future prospects....
Economy

Iraq Oil Exports to the US Decline in 2024, Still Key to Global Energy Market

Iraq's crude oil and petroleum product exports to the United States totaled over 95 million barrels in 2024, marking a decrease from 115 million...
News

US Dollar Exchange Rates Rise Against Iraqi Dinar on Thursday

On Thursday, the exchange rates of the US dollar against the Iraqi dinar saw an uptick in both Baghdad and Erbil markets. According to a...
Economy

Iraq Pursues Energy Diversification to End Reliance on Iranian Imports by 2028

Iraq is taking decisive steps toward energy diversification to phase out its dependence on Iranian gas and electricity imports by 2028. This move aims...
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