Baghdad Business News

Iraq has taken a symbolic step toward re-integrating into the global economy, with an agreement to connect an Iraqi bank electronically with international currency markets. Executives for the Trade Bank of Iraq and UK-based information provider Thomson Reuters signed a...

AWB oil-for-food scandal, a court has heard. Criminal charges over the affair may still be laid by the Australian Securities and Investments Commission, despite the inter-agency taskforce ruling them out, the Supreme Court was told yesterday. February and August 2007...

China is the first major deal with foreign firms to be signed since an international auction in June...Iraq has the world's third largest oil reserves, but production lags behind potential due to a lack of investment. The country's total daily...

A Kuwaiti firm supplying food to U.S. soldiers in Iraq and Kuwait, denied allegations of fraud on Tuesday after a U.S. grand jury accused it of overcharging. Agility Agility was indicted on Monday, under its previous name, Public Warehousing Company,...

ExxonMobil and Royal Dutch Shell , the two biggest western oil companies, on Thursday won the right to develop Iraq’s giant West Qurna oilfield, raising the prospect of a big jump in Iraqi oil supplies. The agreement is the third...

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Several other contracts with the world's largest oil companies are being finalized, and more are expected when a new negotiating round kicks off in Baghdad on Dec...Do these contracts represent a "victory" for Big Oil in Iraq?...Before the United States...

Iraq's oil ministry on Monday signed an initial deal with a consortium led by Italy's Eni SpA to develop a prized southern oil field, an agreement representing a key step forward in the country's obstacle-strewn road to revamp its dilapidated...

Iraq has delayed the discussion of a stalled hydrocarbons law, seen as key to the country ramping up its oil production, until after parliamentary elections in January, a senior MP said on Saturday. The proposed law, which would regulate the...

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