Author name: Sinan Shakir

Iraq urges US to Reconsider Sanctions on Iraqi Banks

by Iraq localize Iraqi Foreign Minister Fuad Hussein has called on the US Treasury Department to reconsider its recent imposition of sanctions on Iraqi banks. During a phone call from the US Secretary of State, Antony Blinken, Minister Hussein explained that these banks have, “an important and major role in financing ration card expenses and providing food […]

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Iraq Committed to Building Fleet of Oil Tankers

by Iraq localize Iraq’s Minister of Oil, Hayan Abdul Ghani, has affirmed the Ministry’s commitment to building a fleet of oil tankers. His statement came during a meeting with the Chairman of the Norwegian company Batservice Mandal [Båtservice Mandal AS], Bjørn Fjellhaugen, and the accompanying delegation. The Minister praised the role of Batservice, in cooperation with the Iraqi

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Russia’s Gazprom to Develop Nassiriyah Oilfield

by Iraq localize The Iraqi Cabinet has agreed to invite Russia’s Gazprom to develop the Nassiriyah oilfield as a single contract. While described in a statement from the Prime Minister’s office as an “integrated development project“, to be offered as a “single bid“, it is not immediately clear if this is the originally proposed Nassiriya Integrated Project, which had reportedly

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UK-based company Wins Multi-Million-Dollar Iraq Order

by Iraq localize UK-based Acoustic Data has reportedly won a multi-million-dollar order from a major oilfield service company in Iraq. According to Oil Review Middle East, the company will deploy its SonicGauge wireless monitoring systems “across a substantial number of assets.“ It quotes Chief Commercial Officer, Jesse Tolley, as saying that it will provide “real-time data acquisition for a multi-year

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Italian Firm to build Steel Plant near Baghdad

by Iraq localize Iraqi company Muhaj Baghdad has awarded Italy’s Danieli the contract to build a new rolling mill plant for rebar production. The plant will be located in the industrial area of Al-Hilla near Baghdad and will have a capacity of 500,000 tons per year. According to a statement from Danieli, the plant will utilize Danieli’s special high-speed

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Firms ask US to help Restart Kurdistan’s Oil Exports

by Iraq localize The Association of the Petroleum Industry of Kurdistan (APIKUR) has appealed to the United States Congress for immediate action to help resolve halted crude oil exports from the Kurdistan Region of Iraq (KRI). The export halt, affecting over 400,000 barrels of oil per day, has lasted more than 10 months and is severely impacting

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Khor Abdullah Dispute: Saudi Arabia sides with Kuwait

by Iraq localize Kuwait and Saudi Arabia have renewed their call for Iraq to respect the agreement between the Iraq and Kuwait on the regulation of maritime navigation in the Khor Abdullah waterway. In September, the Iraqi Federal Supreme Court declared the agreement to be unconstitutional. A joint statement issued on Wednesday at the conclusion of the

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Contracts Signed for New Residential City near Baghdad

by Iraq localize Under the patronage of Prime Minister Mohammed Shia Al-Sudani, the signing ceremony for the new Ali Al-Wardi Residential City project took place on Wednesday. Iraq’s Minister of Housing, along with the director of Egypt’s ORA Developers, Mr. Naguib Sawiris, signed the contract. This project is the largest of five new residential city projects prioritized by

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Iraq was Turkiye’s third-biggest Export Partner in 2023

by Iraq localize The Turkish Statistical Institute has said that Iraq was Turkiye’s third-biggest export partner in 2023. December 2023 – Main Export Partners: 1. Germany: $1.679 billion2. USA: $1.314 billion3. Iraq: $1.254 billion4. United Kingdom: $1.217 billion5. Italy: $1.022 billion Percentage of Top 5 in Total Exports: 28.2% January-December 2023 – Main Export Partners: 1. Germany: $21.092

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