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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...

Iraq Sets Record in Olive Oil Production in 2025

Iraq has reached a historic milestone in olive oil production, with 2025 marking its highest-ever output. The Ministry of Agriculture announced this achievement, highlighting...

Oil Prices Drop Amid Global Tariff Concerns and OPEC+ Output Increases

Oil prices experienced a decline on Monday as market concerns over U.S. import tariffs weighed heavily on global economic growth. Investors also grew wary...

US Ends Waiver Allowing Iraq to Buy Energy from Iran

The United States has decided not to renew a waiver that allowed Iraq to purchase electricity and gas from Iran, marking a significant shift...

Gold Prices Remain Stable in Baghdad and Erbil Markets

Gold prices remained stable in both Baghdad and Erbil on Saturday, March 8, 2025. According to Shafaq News Agency, the prices in both cities...

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...

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