Baghdad (AFP) – Iraq's prime minister on Saturday inaugurated construction work on what is slated to become the first railway line connecting the country to neighbouring Iran, a major political and economic partner. Prime Minister Mohammed Shia al-Sudani (R) and Iran's Vice President Mohammad Mokhber lay the foundation stone © - / IRAQI PRIME MINISTER'S PRESS OFFICE/AFP T
Read More
BAGHDAD, Aug 24 (Reuters) - Iraq will import gas from Turkmenistan under an initial agreement reached by the countries to meet part of Iraq’s power station needs, its oil ministry said on Thursday. “It was initially agreed to import quantities of gas to meet part of the needs of the electric power stations,” Iraqi Deputy Oil Minister for gas affairs Azzat Sabir was quoted as
Read More
ERBIL, Kurdistan Region - Iraq pocketed over $8 billion in crude oil sales for the first time in 2023 during the month of July, the country’s highest monthly oil revenue since October of last year. In its preliminary monthly report on Tuesday, Iraq’s oil ministry said that the country exported more than 106 million barrels of crude oil in the previous month, at a rate of 3.4
Read More
Fitch Ratings - Dubai - 02 Aug 2023: Fitch Ratings has placed Iraq's Sumer Commercial Bank PSC's (SCB) Long- and Short-Term Issuer Default Ratings (IDRs) of 'CCC+' and 'C', respectively, and Viability Rating (VR) of 'ccc+' on Rating Watch Negative (RWN). The RWN reflects the ban recently imposed by the Central Bank of Iraq (CBI) that prohibits SCB from dealing in US dollars
Read More
Baghdad (IraqiNews.com) – The Jordanian Prime Minister, Bishr Hani Al-Khasawneh, stated on Monday that the second phase of the electrical interconnection with Iraq is progressing quickly, the Iraqi News Agency (INA) reported. In a joint press conference with Prime Minister Mohammed Shia Al-Sudani, Al-Khasawneh mentioned that Iraqi-Jordanian relations are strong, highlighting
Read More