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Economy

Buzurgan Oil Complex Launches Gas Compression Unit to Maximize Associated Gas Utilization

The Buzurgan Oil Complex has announced the development of a new gas compression unit capable of processing up to 70 million standard cubic feet...
Economy

Iraq’s Mining Industries Nears Completion of Solvent Production Plant

The General Company for Mining Industries, under Iraq’s Ministry of Industry and Minerals, has announced that its solvent production plant in Salah Al-Din province...
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...
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