Iraq News » Basra News Iraq » Basra » 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 » Basra » Economy: Idle workers, empty wharves: Hormuz blockade hits Iraq’s oil hub of Basra
In the Iraqi oil hub of Basra, maintenance contractor Fawzi spends his days cooling his heels waiting for work that seldom comes, as the Middle East war puts ...
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'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: Iraq says at least one killed in Basra port attack as country halts operations at oil ports
HONG KONG (AP) — China said Monday its economy grew 4.5% for the July-September quarter from a year ago fueled by robust exports, moving closer to meeting its official annual growth target for the ...
News Iraq » Basra » 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 ...
News Iraq » Basra » Economy: TotalEnergies CEO visits Baghdad to meet Iraq PM for oil and gas investment talks
Iraq is stepping up efforts to expand oil production and develop its natural gas resources, with Prime Minister Ali Falih al-Zaidi meeting senior executives from TotalEnergies and […] ...
News Iraq » Basra » 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 » Basra » 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 » 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 ...