Russia ready to cooperate with Iraq in many spheres — deputy PM

BAGHDAD, February 11. /TASS/. Russian Deputy Prime Minister Dmitry Rogozin has called for diversifying Russian-Iraqi trade and declared that there had emerged plans for joint projects of interest in various spheres. Speaking in Baghdad at a meeting of the bilateral inter-government commission, the first over many years, Rogozin said that the preceding consultations by experts a

Read More

Kurdistan is ‘part of Iraq’ and should remain so: PM Abadi

Berlin (AFP) - Iraqi Prime Minister Haider al-Abadi urged Kurdistan on Thursday to drop any plans for independence, criticising a proposed statehood referendum and warning the autonomous region would not prosper on its own. Abadi also highlighted the economic crisis Iraq faces, saying that oil revenues had fallen by 85 percent compared to two years before -- a major challenge m

Read More

Iraq needs foreign help to overcome loss of oil income, premier says

Rome (dpa) - The Iraqi economy, reeling from the collapse of world oil prices, needs international help to adjust to the shock, Prime Minister Haider al-Abadi said Wednesday. Oil - which provides more than 90 per cent of Iraq‘s government revenue - is currently worth little more than 30 dollars per barrel, down from about 110 dollars in mid-2014. "We are experiencing a very d

Read More