Iraq News » Basra News Iraq » Basra » Economy: New Era for Iraq: Basra-Baniyas Pipeline Negotiations with U.S. and Qatari Consortium
Iraq is in negotiations with a consortium of U.S. and Qatari companies about the proposed Basra-Baniyas oil pipeline. Iraq's oil minister stated that despite this development, Baghdad remains ...
News Iraq » Basra » Economy: Iraq emerges as Iran’s economic lifeline amid tighter US sanctions
Iraq’s close political and commercial ties with Iran, give Tehran access to trade routes, currency markets, and commercial networks that are difficult for US authorities to monitor.
News Iraq » Basra » Economy: Basra heavy and medium crudes surge over 10% weekly despite late dip
Iraq’s Basra Heavy and Medium crudes posted weekly gains exceeding 10%, closing at $82.66 and $85.98 per barrel amid regional supply and shipping tensions.
News Iraq » Basra » Economy: Iraq Oil Exports Jump 73% On Hormuz Nod, PetroChina And Reliance Lift 10 Mn Barrels
Iraq's oil exports surged in August and are expected to rise further in September, helped by wide profit margins and Iran's approval for Iraqi tankers to pass through the Strait of Hormuz.
News Iraq » Basra » Economy: Iraq oil exports hit war-high as Hormuz crisis drags on
Iraq just posted its strongest oil-export signal since the Iran crisis began choking the Strait of Hormuz. The Iraqi oil ministry said Friday that average daily crude exports since the start of August ...
News Iraq » Basra » Economy: Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off Oman
Iraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz despite disruptions. Iraq's state oil marketer is offering ...
News Iraq » Basra » Economy: Iraq's oil hub slows to a crawl as Strait of Hormuz shutdown strangles exports
BASRA, Iraq — Iraqi oil fields once alive with the buzz of workers are nearly deserted. Ports that pulsed with the churn of cargo have fallen still, the din of commerce replaced by the soft rhythm of ...
News Iraq » Basra » Economy: Al Obaidi: Iraq banking sector in reform phase, not collapsing
Economist Manar Al-Obaidi affirms Iraq's banking system is undergoing structural sorting and reform rather than collapse following the Al-Taif Bank conservatorship.
News Iraq » Basra » Economy: Iraq's Somo confirms Basrah tankers hit, oil ports shut
Two tankers were attacked in the ship-to-ship (STS) transfer zone off Basrah, Iraq's state oil marketer Somo said on 12 March, in the latest escalation targeting energy infrastructure and maritime ...
News Iraq » Basra » Economy: IFC Signs $500 Million Contract With Iraq’s Basrah Gas For Associated Gas, Development Of Major Port
CAIRO, Sept 13 (Reuters) – The World Bank’s International Finance Corporation (IFC) signed a $500 million investment contract with Iraq’s Basrah Gas Co. on Saturday for associated gas and the ...
News Iraq » Basra » Economy: Rock the Basra
Captain Omran Radhi can barely contain his excitement as he opens a plastic-bound agenda to a map of the world and explains Iraq’s plans for regional domination of the shipping industry. “You see?” he ...