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Basra Crude Oil Sees Significant Losses Amid Global Market Slump

Basra crude oil, both heavy and medium grades, suffered considerable losses last week. According to the latest data, Basra Heavy crude closed at $76.78...

Iraq Moves Forward with Development Road Project in Key Governorates

The Iraqi Ministry of Transport has announced progress in the Development Road project, with three governorates—Muthanna, Karbala, and Salah al-Din—expressing full readiness to commence...

Iraq in Talks with Halliburton for Nahr Bin Omar Oil Field Development

Iraq is currently engaged in negotiations with Halliburton to advance the development of the oil sector within the Nahr Bin Omar field in Basra....

Iraq’s Oil Exports to the U.S. Exceed $400 Million in January 2025

Iraq's oil exports to the United States surpassed $400 million in January 2025, according to the U.S. Census Bureau's monthly report. The report indicated...

Iraq Leads Turkish Imports of Grains and Legumes in February

The Turkish Ministry of Trade and Industry announced on Sunday that Iraq ranked first in importing grains, legumes, and related products from Turkey in...

Iraq Launches 70 New Islamic Banking Products to Boost Economic Growth

The Prime Minister's Economic Affairs Advisor, Abdul Hussein Al-Anbaki, announced the introduction of 70 new Islamic banking products aimed at transforming the banking...

Iraq Begins Construction of Basra Sun Solar Power Plant

Iraq has officially started building Basra Sun, the country’s largest solar power plant, located in Basra province. The project, which will have a total...

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