The rejection of Russia has led the Middle Eastern country to emerge as the main alternative for obtaining the resource Jorge Ortiz Iraq continues to reach record oil sales figures. The country, for the fourth consecutive month, has become the world's main market for the precious resource and is causing the country to improve its economic level. According to the Ministry
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Businesswomen say Iraq’s Kurdistan Regional Government needs to work harder to create the conditions for entrepreneurs. Taffan Hamakhan's cosmetics business 'ByTaff' employs women in an effort to reduce female unemployment [Courtesy of Taffan Hamakhan] Nearly five years ago, Huda Sarhang, 27, was sitting at one of the most iconic tea shops in Erbil, th
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By Sarah Mcfarlane and Aref Mohammed Summary Companies Iraq persuaded Lukoil to halt sale to Sinopec - sources Baghdad concerned China becoming too dominant - sources Western firms not happy with terms of Iraqi deals LONDON/BASRA, May 17 (Reuters) - Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms mor
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Executive Summary: In addition to the many challenges facing Iraq now, desertification is yet another formidable challenge that needs immediate attention. The seemingly unstoppable desert expansion is creeping up and taking over the fertile lands in Iraq in unprecedented speed! It is manifested in a dramatic shrinking of green cover and the losses of millions of trees an
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West Qurna-2 has around 14 billion barrels of reserves in place. West Qurna 2 has long been able to produce a lot more than the 400,000 bpd it currently produces. Russian operator Lukoil has been receiving an exceptionally low remuneration rate per barrel. Changes in the stance of both Baghdad and Lukoil could mean that the original deal to boost production to at l
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