Iraq was the third-largest importer of goods from Amman’s industrial sector during the first half of 2025, according to data released Monday by the Amman Chamber of Industry.
The chamber reported that Amman's total exports for the first six months of the year reached 3.467B Jordanian dinars (about $5B), up from 3.086B dinars (about $4.5B) during the same period in 2024.
Four countries—India, the United States, Saudi Arabia, and Iraq—accounted for more than half of all exports, with a combined value of 1.988B dinars (about $3B), the report stated.
The United States was the leading destination, with exports valued at 586M dinars (about $830M), followed by Iraq with 451M dinars (about $630M), and Saudi Arabia with 418M dinars (about $590M).
The INOC (Iraqi National Oil Company) is now in full control of the oil in Iraq.
Kurdistan has agreed to all of this...That's is so important. There's no problems...fighting...arguments... discussions...Sudani is in full control of the oil of Iraq.
That's it...Sudani wants the HCL for the citizens...for his reelection.
..
Once the HCL is written into law...then we can see for Sudani to sign this agreement and one of the three presidents.
IRAQ LAUNCHES THE FIRST PHASE OF A STRATEGIC PROJECT TO EXPLOIT GAS AND PREVENT ITS FLARING.
Basra Gas Company announced the launch of the first phase of a strategic project in the southern Rumaila field to exploit gas and prevent its flaring .
The Deputy Managing Director of Basra Gas Company, Marfaa Al-Asadi, Director of the Higher Production Authority, said, “This project will exploit gas from the Al-Quraynat Mishrif and Al-Shamiya Mishrif sites,” noting that “the company has completed the installation of an integrated unit at the first site to process sour gas, and it has now entered into operation after it was supposed to enter operation at the end of next July. However, there is an urgent need to expedite the project in cooperation with the field operator and the contractors working there.”
He explained that “the company was able to operate the project early and enter the unit as a first phase, and is currently working on investing 20 million cubic feet,” expecting “the capacity to rise to 40 million cubic feet (one million standard cubic feet) in the coming days.”
Al-Asadi confirmed, “There is coordination between the Basra Gas and Oil companies to link the quantities of gas produced from the Majnoon field to the gas company’s plant in Khor Al-Zubair, via a pipeline passing through northern Rumaila, which enables the investment of 40 cubic meters that were going directly to burning and benefiting from them, and converting liquids into LBG , and dry gas into fuel until the completion of Total’s projects so that the gas can be used again in the company.”
In a recent and insightful discussion, “MilitiaMan and Crew” – comprising Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI, and Militia Man himself – delved into the evolving economic landscape of Iraq, highlighting burgeoning investment opportunities, significant strides in economic progress, and the promising future of the Iraqi Dinar.
This exciting episode painted a picture of a nation actively opening its doors to global capital and fostering a vibrant environment for foreign investments.
The crew emphasized Iraq’s strategic shift towards greater economic independence and innovation, showcasing several key developments that underscore this transformation.
A notable point of discussion was the recent introduction of a national car, a significant indicator of Iraq’s commitment to domestic industry and economic self-reliance.
Crucially, this vehicle is designed to be purchased using the Iraqi Dinar, a move that not only promotes local manufacturing but also strengthens the functionality and importance of the national currency within the local economy. This initiative signals a clear path toward diversifying Iraq’s economic base beyond oil.
The panel also commended the successful management of Iraq’s financial and economic policies. Their discussion highlighted how prudent fiscal and monetary strategies are effectively stabilizing the nation’s economy and fostering sustainable growth.
This commitment to sound financial stewardship is laying a solid foundation for long-term prosperity, instilling confidence in both domestic and international observers.
Further showcasing Iraq’s commitment to internal stability and unity, the crew brought attention to a landmark agreement between Baghdad and Erbil. This crucial accord aims to resolve the long-standing export and salary crisis, a significant hurdle that has impacted national cohesion and economic flow.
The successful implementation of this agreement is expected to pave the way for a more unified and prosperous Iraq, ensuring resources and benefits are distributed more equitably across regions.
The collective insights from MilitiaMan and Crew suggest that Iraq is on the cusp of significant economic transformation.
With a clear focus on attracting foreign investments, fostering domestic innovation, implementing stable economic policies, and resolving critical internal disputes, the nation presents a compelling case for those tracking its financial future and the potential appreciation of the Iraqi Dinar.
IRAQ PLANS TO RECEIVE 4 MILLION CONTAINERS ANNUALLY AT UMM QASR PORT.
Umm Qasr Port in Basra is undergoing rapid development as part of a plan to modernize its infrastructure and enhance its operational capabilities, aiming to increase its annual capacity to 4 million containers.
The port is considered one of the most prominent Iraqi ports, playing a vital role in supporting the national economy and connecting Iraq to global markets. This is achieved through development projects that include expanding docks, establishing advanced storage yards, and adopting modern digital technologies that contribute to accelerating handling operations and improving logistical efficiency.
Investment companies
Several investment companies are responsible for operating and developing various parts of the port. These include the Emirati company Gulftainer, which operates several docks and storage yards and provides integrated customs and logistics services. The Chinese investment company Lorain is also responsible for implementing projects to expand the docks designated for rolling goods and develop large backyard storage areas. These companies, in cooperation with Iraqi personnel, are also contributing to the introduction of digital operating systems that increase performance efficiency and reduce waiting and clearance times.
In this regard, Gulftainer’s Regional Director, Ibrahim Sarhan, told Shafaq News Agency, “Operations at the terminal operated by the company have witnessed a significant shift in recent years,” adding that “the approved electronic system creates a storage plan before the ship arrives, reducing waiting times and increasing handling efficiency.”
He added, “The terminal was built on an area of 450,000 square meters and includes storage yards, refrigerated warehouses, and customs and security facilities operating around the clock.” He emphasized that “customs clearance takes no more than 48 hours, which expedites the movement of goods, especially for sectors such as oil and gas.”
Earthquake-resistant sidewalks
Meanwhile, Naim Abboud, chief engineer at the Resident Engineer’s Department, told the agency, “Lorain Investment Company is developing docks (22, 23, and 24) designated for rolled goods, which were built using an earthquake-resistant heavy wall method.” He explained that “the area of the backyards is 384,100 square meters, and the completion rate has reached 50%.”
Aboud pointed out that “berths (12, 13, 14 and 15) are close to completion, with a completion rate of 97%, while the storage yard (BTM) is 100% complete, covering an area of 400,000 square metres, with a design capacity ranging between 700,000 and 850,000 containers annually.”
For his part, the technical assistant to the port director, Muhammad Tahir Fadhel, told the agency, “Beach (11) extends 375 meters in length, and the area of its container yard is 307,000 square meters, and its operational capacity reaches 636,000 containers annually, and it is managed by Gulftainer.”
He added that “the quays being implemented by Lorain extend 550 meters in length and have a design capacity of 850,000 containers annually,” noting that “the total capacity of the new yards is estimated at 1.2 million containers, with facilities allocated for refrigerated and empty containers and handling various goods.”
Earlier, the General Company for Iraqi Ports revealed to Shafaq News Agency its comprehensive plan for the port, which aims to increase the design capacity to 4 million containers annually, compared to just 1 million containers in 2024. This is part of a strategic vision to transform Iraqi ports into highly competitive regional supply centers.
