Iraq News » Baghdad News Iraq » Baghdad » Economy: Iraq sells 10 million barrels of crude at steep discounts
Iraq offloaded 10 million barrels of crude via southern terminals at discounts of up to $28 per barrel, largely to Indian firms, amid regional conflict pressures.
News Iraq » Baghdad » Economy: Iraq courts US oil giants to secure new export routes
Chevron and ConocoPhillips are pursuing different paths into Iraq’s oil sector, but the $60 billion in announced deals will mean little until contracts close and pipelines are built.
News Iraq » Baghdad » Economy: Iraq devalues dinar to ease cash crunch, leaving traders in limbo
The government hopes a weaker dinar will help pay salaries, but traders face rising import costs and uncertainty.
News Iraq » Baghdad » Economy: Baghdad-Erbil oil feud threatens Iraq economy as Hormuz route remains cut off
Add Yahoo as a preferred source to see more of our stories on Google. A drone view shows oil tankers loading crude oil at the Basra Oil Terminal in Iraqi territorial waters, off the coast of Basra, ...
News Iraq » Baghdad » Economy: How Off-Grid Solar Is Challenging Iraq’s Diesel Generator Economy
Iraq’s unreliable electricity grid has long forced communities to rely on private diesel generators during power failures. In Iraqi Kurdistan, mountainous terrain and high costs make expanding ...
News Iraq » Baghdad » Economy: Iraq’s Plan to Transform Its Economy Is a Risky Bet
Iraq’s Development Road aims to reduce dependence on oil by turning the country into a key trade corridor between Asia and Europe. The project involves Türkiye, Qatar, and the UAE, but faces ...
News Iraq » Baghdad » Economy: Iraq turns to Kurdistan pipeline as Iran war chokes oil exports and economy
Baghdad has been seeking a deal to move oil through the Kurdistan Region to Turkey, but the Kurds want Iraq to lift the trade embargo it has imposed on the territory. Iraq has been largely cut off ...
News Iraq » Baghdad » Economy: Iraq to rehabilitate border crossing with Saudi Arabia
Iraqi Prime Minister Ali Al-Zaidi has approved funding to rehabilitate the Al-Jamima border crossing with Saudi Arabia, aiming for its opening in 2027 to enhance trade ties. The project includes ...
News Iraq » Baghdad » Economy: Iraq advances towards a National Strategy for the Transition to the Formal Economy
BAGHDAD (ILO News) –Iraq has taken an important step towards developing a National Strategy for the Transition to the Formal Economy with the convening in Baghdad of the first national workshop of the ...
News Iraq » Baghdad » Economy: Iraq's cabinet completion raises Iranian influence concerns, but offers PM chance to curb militias
Editor's note: this story was translated from the original VOA Kurdish article. The completion of Iraqi Prime Minister Ali al-Zaidi's Cabinet has renewed concerns about the continued influence of Iran ...
News Iraq » Baghdad » Economy: Iraq’s Plan To Transform Its Economy Is A Risky Bet – Analysis
In May 2023, Iraq announced the Development Road, $17 billion, 1,200-kilometer rail line and roadway from a new port at Al Faw in southern Iraq to Türkiye, linking Asia and Europe. The Road is more ...