Mr. Jabbar Allibi the minister of oil said that the ministry has started to apply an ambitious plan to open the door of investment to the specialized companies in oil & gas. Mr. Allibi confirmed on the necessity of encouraging the investment and work on to give the specialized companies and the private sector bigger chances than the governmental to build, develop and reh
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Iraq’s resumption last week of oil shipments through a Kurdish-controlled pipeline bumped up its export capacity by five percent almost overnight. Now OPEC’s second-biggest producer is seeking a formal deal with the self-ruling Kurds to ensure it can maintain the increased flows. The central government in Baghdad has been locked in a dispute with the semi-autonomous Kurdista
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The Council of Representatives (CoR) dismissed Sunni Defense Minister Khalid al-Obeidi on August 25, complicating the success of anti-ISIS operations and Sunni reconciliation efforts.The removal of Defense Minister Obeidi on the eve of strategic Mosul operations could limit the U.S.’s ability to effectively coordinate with the Iraqi Security Forces (ISF). The ISF now lacks b
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(IraqiNews.com) Baghdad – The Head of the Reconstruction Fund for Areas Affected by Terrorist Operations (REFAATO) announced on Wednesday that Germany and Japan will contribute towards the reconstruction of the liberated areas in Iraq and further informed that Germany has offered the Iraqi government a loan of 500 million euro for stabilizing the liberated areas. The Head of
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(IraqiNews.com) BAGHDAD– Japan, today, announced about providing aids of $21 mn and $170 thousand respectively for the development and reconstruction program in Iraq. The aids have been provided through World Bank in order to support four sectors related to social protection, modernization of the national payments system, promoting safety and reliability, improving the perfor
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