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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...
Business

Iraq’s OPDC Transports 97.5M Cubic Meters of Fuel in January

Iraq’s Oil Products Distribution Company (OPDC) transported a total of 97.5 million cubic meters of fuel in January, utilizing its fleet of 1,192 trucks...
Economy

Iraq Advances Dry Gas Pipeline for Power Generation

Iraq’s Ministry of Oil is moving forward with the construction of a dry gas pipeline to enhance power generation across the country, following directives...
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...
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