Tag Archives: Iraq

Iraq, OPEC’s second-largest oil producer, does not rule out OPEC+ members taking extra measures to halt the further slide of oil prices, but any steps will need to take into account global oil market developments, the country’s oil minister said on Tuesday. Iraq’s Thamer al-Ghadhaban, who participated in an emergency …

Iraqi Health Minister Jaafar Sadiq Allawi said on Tuesday Iraq is keen on joint venture investment with Iran to produce pharmaceuticals. Allawi made the remarks in a meeting held in Baghdad with Iran’s Ambassador to Iraq Iraj Masjedi. The Iraqi minister called on the Iranian companies to participate in the …

Kurdistan is committed to the OPEC+ oil production cut deal and will reduce output accordingly, the government of the semi-autonomous Iraqi region said in a statement following a meeting between Kurdish and Iraqi officials. Reuters reported that at the meeting, the two sides had agreed that Kurdistan would report monthly …

Consul General of Iran Mehdi Shoushtari met and held talks with governor of Sulaymaniyah Haval Abubakir on Sunday evening on the trade relations.

Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that Toshiba Transmission and Distribution Systems Gulf S.P.C. (TTDG), a wholly owned subsidiary, has finalized a contract with Toyota Tsusho Corporation（hereafter“Toyota Tsusho）, one of Japan’s major trading companies, to supply gas-insulated switchgears (hereafter “GIS”) and power transformers to the Ministry of …

The Iraqi Minister of Oil, Thamer Al-Ghadban announced on Monday an agreement to reduce oil production that will help reduce stocks and support prices. Iraq welcomed the results of the OPEC + meeting, which reached the commitment of the members of the group to a historic cut in production to …

The federal government intends to restrict Kurdistan Region by OPEC agreement to reduce crude oil production. The advisor to the Prime Minister, Mathar Muhammad Salih indicated in a statement quoted by the semi-official newspaper, Al-Sabah, in its Sunday edition, to what he called “the importance of the oil ministry restricting …

The assistant for economic affairs at the Trade, Industry and Mining Development Corporation of Ilam province , Saeed Sharifi announced on Saturday that during the last Iranian year (ended 19 March 2020), one billion and 183 million dollars of goods were exported to Iraq through Mehran international borders. According to …

The Iraqi Deputy Prime Minister, Minister of Oil, Thamer Al-Ghadban attributed on Sunday the postponement of the conference of oil producing and exporting countries, until next Thursday due to “technical reasons”. Al-Ghadban said, in a statement to the official newspaper, “Al-Sabah”, that “the conference that was scheduled to take place …

Iraq, one of the oil producers worst hit by the oil price crash, is proposing that all foreign oil firms operating in OPEC’s second-largest producer cut their budgets by 30 percent on the condition that crude production levels do not suffer, Reuters reported on Friday, quoting local officials and industry …