Search Site

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Russia’ Foreign Minister in Iraq for energy talks

On Monday, Sergei Lavrov will meet his Iraqi counterpart Fuad Hussein. (AFP)
  • Lavrov landed in Baghdad late on Sunday at the head of a large delegation that includes "oil and gas companies and investors", Ahmed al-Sahhaf told AFP
  • He will also meet Prime Minister Mohammed Shia al-Sudani, President Abdul Latif Rashid, and parliament speaker Mohammed al-Halbussi

Baghdad, Iraq– Russian Foreign Minister Sergei Lavrov arrived in Iraq on Sunday for talks on energy and food security in view of the Ukraine conflict, an Iraqi foreign ministry spokesman said.

He landed in Baghdad late on Sunday at the head of a large delegation that includes “oil and gas companies and investors”, Ahmed al-Sahhaf told AFP.

On Monday, Lavrov will meet his Iraqi counterpart Fuad Hussein, the state news agency INA quoted Sahhaf as saying.

He will also meet Prime Minister Mohammed Shia al-Sudani, President Abdul Latif Rashid, and parliament speaker Mohammed al-Halbussi.

INA quoted Sahhaf as saying Lavrov’s visit “confirms Iraq’s openness to all of its partners and friends”.

He also underlined the importance of “attracting investment… notably in energy”.

Sahhaf had previously told AFP that Lavrov and Hussein “will also discuss transformations related to the security and stability of the region, and the Iraqi point of view regarding military operations in Ukraine”.

He noted that Baghdad favored “any dialogue making it possible to defuse this escalation and alleviate crises… particularly in the food and energy sectors”.

His remarks came amid soaring food and energy prices on international markets since Russia’s invasion of Ukraine last year.

Iraq, a close ally of Iran, also has strategic relations with the United States, which still has soldiers in the country as part of the international coalition facing the Islamic State group.

On Thursday, Hussein hosted Saudi Foreign Minister Prince Faisal bin Farhan.

No mention was made of a possible resumption of negotiations between regional heavyweights Riyadh and Tehran. Baghdad has played the role of mediator in these talks which have been stalled for months.