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Fri. AM KTFA News Articles from Iraq 6-26-26

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KTFA

Clare » June 26th, 2026

The Prime Minister told an American journalist: American companies will be given priority in investment.

6/24/2026

Prime Minister Ali al-Zaidi announced that American companies will be given priority in investing in Iraq, during an interview with American journalist Hadley Gamble.

Gamble tweeted on the X platform, “Exclusive interview with Iraq’s new prime minister in Baghdad. He tells me American companies will be given top priority in investing in Iraq.”

She also quoted al-Zaidi as saying, “500,000 barrels per day of Iraqi oil will go toward replenishing the US Strategic Petroleum Reserve (SPR).”

He added, “Iraq will consider suspending its OPEC membership if it is prevented from producing according to its capacity,” further stating, “This will stifle c********n.” (LINK)

Iraq expands digital transit with Qatar agreement

6/25/2026

Iraq signed an agreement with Qatar’s GBI to market cross-border internet transit capacity through the Civilizations Road Project and received its first payment in foreign currency, Communications Minister Mustafa Sanad announced on Thursday.

Sanad said the agreement adopts the Indefeasible Right of Use (IRU) model, a long-term telecommunications infrastructure framework, to lease strands of Iraq’s fiber-optic network, marking the first time the country has used this system.

The project relies on a land corridor stretching from al-Faw in southern Iraq to Rabia near the Turkish border, linking data traffic from Asia and the Gulf to Europe through Turkiye. According to the minister, the route reduces latency compared with conventional submarine cables, strengthens Iraq’s position as an international digital transit hub, and has already attracted requests from several Gulf countries over the past week to use the corridor.

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The Communications Ministry launched the Civilizations Road Project into commercial operation in 2024 as Iraq’s first internet transit network, a roughly 2,000-kilometer fiber-optic corridor linking the country with neighboring states through five border crossings: al-Faw, Safwan, al-Mundhiriya, Arar, and Rabia.

In March 2025, the ministry signed an agreement with Qatar’s Ooredoo to establish Iraq’s fourth submarine cable, and in May, Zain Omantel International announced a new telecommunications corridor linking the Gulf to Europe through Iraq. (LINK)

Source: Dinar Recaps

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