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Iraq to Implement Global TIR Transit System Starting April 2025

Iraq will implement the global transit system TIR from 1 April 2025, marking a key milestone in enhancing logistics and international trade. The Border...

Iraqi Oil: A Key Player in Global Markets, Says SOMO

The State Oil Marketing Organization (SOMO) emphasized Iraq’s crucial role in global oil markets on Wednesday, highlighting the country’s standing as the fourth-largest oil...

Iraq’s Oil Exploration Company Unveils Five-Year Plan and Advanced Technology

The Oil Exploration Company (OEC) announced on Tuesday that it is equipped with cutting-edge global technology, rivaling that of leading international firms. The company...

Iraq Plans Floating Gas Terminals to Replace Iranian Supply Amid US Sanctions

Iraq is preparing to buy two floating gas processing facilities to replace its reliance on Iranian gas, as US sanctions on Tehran tighten. The Iraqi...

Iranian Oil Tankers Use Fake Iraqi Documents to Evade US Sanctions

Iraq's Oil Minister, Hayan Abdul-Ghani, revealed on Sunday that Iranian oil tankers used falsified Iraqi paperwork to bypass US sanctions. Abdul-Ghani told state media that...

Iraq Explores Oil Exports to Africa

Iraq is considering expanding its oil exports to Africa, according to Minister of Oil Hayan Abdul-Ghani. The government is currently assessing the feasibility of...

Iraq Faces Economic Crisis Over Oil Revenue Payouts

A rising demand for direct payouts from Iraq’s oil revenues is fueling lawsuits and economic concerns. Experts warn that this could push Iraq to...

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