Russia Archives - Panorama Insurance Brokers

4,000-year-old City discovered in Iraq

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 4,000-year-old city discovered in Iraq A group of Russian archaeologists made an impressive discovery in Iraq’s Dhi Qar governorate, where an ancient settlement about 4,000 years old was… Read More

IOC’s Strategic Positioning in Iraqi Upstream Petroleum

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IOC’s Strategic Positioning in Iraq Upstream Petroleum Much talk have been circulating recently on “Big Oil” abandoning Iraq upstream petroleum projects after they rushed into the country many years ago. How much… Read More

China to Snap Up Iraqi Oil Assets?

By John Lee. Both BP and Lukoil are reported to be considering quitting upstream oil operations in Iraq. Reuters quotes Iraq’s Oil Minister, Ihssan Abdul-Jabbar Ismail, as making the comments during a parliamentary session last week. Last month, BP was said to be planning to spin off its Iraqi operations in Iraq into a separate… Read More

Iraq “Planning 8 Nuclear Power Stations”

By John Lee. Iraq is reportedly planning to build eight nuclear power stations to provide much-needed electricity. According to Bloomberg, the $40-billion scheme would provide 11 GW of power to the Iraqi grid. Click here to read the full article. (Source: Bloomberg)

Russia Deputy Prime Minister says IEA’s net zero plan could push oil price to $200

Russia Deputy Prime Minister Alexander Novak says the International Energy Agency (IEA)’s call for a halt to global oil and gas developments could push oil prices to $200 a barrel. “If the international energy agency’s decision to avoid financing new energy ventures is implemented, oil prices may hit $200,” Novak said on Thursday as preparations… Read More

Increasing Oil Production at West Qurna 2

By John Lee. Iraq’s Oil Minister, Ihssan Abdul-Jabbar Ismail, has announced the start of experimental operations at the Yamamah reservoir in the West Qurna 2 oil field, with the aim of increasing output from the reservoir from 10,000 barrels per day (bpd) to 350,000 bpd. When fully implemented, the development would bring total production at… Read More

New Russian Ambassador to Iraq

By John Lee. On 25 May 2021, Foreign Minister, H.E. Mr. Fuad Hussein received a copy of the credentials of H.E. Mr. Elbrus Kutrashev, the Ambassador Plenipotentiary of the Russian Federation to Baghdad. The two sides held talks on ways to improve bilateral relations between the two countries, and the importance of enhancing cooperation opportunities… Read More

Iraq in Talks to build Nuclear Reactors

By John Lee. Iraq is reportedly in talks with Russia, France and the United States regarding the construction of three civil nuclear reactors. According to The New Arab, the Head of the Iraqi Radioactive Sources Regulatory Authority (IRSRA) said that several preliminary meetings had been held to study the feasibility of setting up the reactors…. Read More