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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 to Terminate Contract with Ukrainian Company Operating Akkas Gas Field

The Iraqi government is set to issue a final notice to terminate the contract of the Ukrainian company operating the Akkas gas field, according...

Iraq’s Government Spending Surpasses Stronger Economies Amid Economic Struggles

Iraq's government spending has exceeded that of several more economically diversified nations, despite the country’s continued dependence on oil and ongoing economic stagnation. According...

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...

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...

Al-Rafidain Bank Launches $1.5 Billion National Bond Issuance

Al-Rafidain Bank has officially launched its first national bond issuance, valued at IQD 2 trillion (approximately $1.5 billion), in line with directives from the...

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....

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