US ends leasing in its largest coal-producing region
Washington – President Joe Biden’s government on Thursday announced it was ending coal leases in the Powder River Basin, the nation’s largest coal-producing region, drawing condemnation from the mining sector and praise from environmentalists. It comes as the world’s second…
Timberwolves crush Nuggets to stay alive in NBA playoffs
Los Angeles – The Minnesota Timberwolves overwhelmed the Denver Nuggets 115-70 on Thursday to force the defending NBA champions to a decisive game seven in their Western Conference semifinal series. Anthony Edwards shook off an injury scare to finish with…
Iraq, US review cooperation in energy sector
Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, and the US Assistant Secretary of State for Energy Resources, Geoffrey Pyatt, reviewed on Wednesday cooperation between the two countries in the energy sector. During their meeting in Baghdad, the…
Brazil government announces Petrobras chief dismissed
Brasília – The government of Brazilian President Luiz Inacio Lula da Silva announced Tuesday that the CEO of state oil company Petrobras has been sacked. The move follows a recent spat between Petrobras and shareholders over dividend payments, which heightened…
Jordan urges Iraq to extend oil supply agreement
Baghdad (IraqiNews.com) – The Jordanian Ministry of Energy and Mineral Resources said on Sunday that the country’s imports of crude oil from Iraq have stopped. The cessation of Iraq’s crude oil exports to Jordan is due to the expiration of…
UK economy exits recession ahead of election
London – Britain exited a shallow recession with better-than-expected growth in the first quarter, official data showed Friday, in a boost to embattled Prime Minister Rishi Sunak ahead of this year’s election. Gross domestic product expanded 0.6 percent in the…
Iraq to complete electrical interconnection with Gulf States by the end of 2024
Baghdad (IraqiNews.com) – The Iraqi Ministry of Electricity announced on Wednesday that the electrical interconnection with the Gulf States will be completed by the end of 2024. The spokesperson for the Ministry of Electricity, Ahmed Musa, told the Iraqi News…
Iraq’s first solar power plant sees progress
Baghdad (IraqiNews.com) – Iraq is now moving forward with the construction of its first large-scale solar power facility. The Iraqi government has increased its efforts to carry out a more ecologically friendly energy strategy, which combines the inclusion of renewable…
Saudi Aramco says Q1 profit down 14.5 percent
Riyadh – Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place. Net income was 102.27 billion riyals ($27.27 billion), down from 119.54…
TBI signs cooperation agreement with JICA
Baghdad (IraqiNews.com) – The Trade Bank of Iraq (TBI) and the Japan International Cooperation Agency (JICA) signed a cooperation agreement on Monday under the auspices of the Iraqi Prime Minister, Mohammed Shia Al-Sudani. A ceremony attended by the Iraqi Minister…