Latest Economy News

Photo shows the central processing facility of Halfaya oil field in Iraq. (Photo/Ahmed) Halfaya oil field is one of the seven giant oil fields in Iraq. Located in southern Iraqi province of Maysan, it boasts an annual production capacity of 20 million tons. It is the largest project that PetroChina undertakes overseas in its capacity as operator, and plays a crucial role in

The Iraqi Minister of Oil, Hayan Abdul-Ghani, the Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, and other officials during a ceremony to sign the agreement. Photo: INA Baghdad (IraqiNews.com) – Iraq and India signed a memorandum of understanding on Tuesday for bilateral cooperation in many fields, according to a statement cited by the Iraqi News Agency (I

TEHRAN (Tasnim) – The chief executive of the National Iranian Gas Company (NIGC) said that the Iraqi Ministry of Electricity has paid off all its debt regarding gas import from Iran. Speaking in the first conference of strengthening installation and equipment for producing, transmitting and distribution network of natural gas in the country on Sunday, Majid Chegini emphasize

Baghdad (IraqiNews.com) – An Iraqi official in the Environment Directorate in Najaf governorate in southern Iraq said that the percentage of desertification in Iraq reached about 70 percent because of the poor water flow coming from Iran and Turkey, Rudaw News reported. The director of the Climate Change Department in the Environment Directorate in Najaf, Haider Fleih, expla

Baghdad (IraqiNews.com) – The Iraqi Minister of Finance, Taif Sami, and the UK Ambassador to Iraq, Mark Bryson-Richardson, discussed on Monday the contribution of the private sector to the Iraqi economy, according to a statement issued by the Finance Ministry. The statement mentioned that the Iraqi Finance Minister received Richardson and his accompanying delegation in Baghd