Basra Oil Company orders full production at major oil fields

2026-07-04 06:49    Shafaq News- Basra   Basra Oil Company has instructed operators at three of Iraq's largest oil fields to restore production and crude exports to full available capacity.

According to an official document, the directive, signed by Operations Director Imad Hassan Lafta, covers the North Rumaila, West Qurna 1, and Artawi oil fields, as well as the Tuba field, which is operated under the South Basra Integrated Division.

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Coinbase CEO Says Crypto, AI, and Constitutional Reform Could Help Address America’s Growing Debt Crisis

Coinbase CEO Brian Armstrong has sparked debate by arguing that America’s rising national debt requires structural reform beyond traditional fiscal policy. He suggested that constitutional changes, technological innovation through AI and robotics, and greater adoption of Bitcoin and blockchain technology could all play a role in strengthening the nation's long-term financial future.

Al-Shabaki: Washington Is Practicing Political Blackmail Against Iraq

The Information Agency/Baghdad...  MP Qusay al-Shabaki confirmed on Saturday that the US administration under President Donald Trump is exerting pressure on Iraq to influence some of the country's sovereign decisions.

Al-Shabaki told the Information Agency that “American interference in the country’s internal affairs is increasing day by day, as it exerts significant pressure on some political forces that prioritize their personal interests over the country’s interests in order to implement Washington’s agendas.” He stressed the need to "prevent such interference in national decision-making, as it does not serve the public interest."

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Revolut to Delist USDT as Regulatory Pressure Reshapes Europe’s Stablecoin Market

Revolut will remove support for Tether’s USDT beginning in July and complete the delisting by the end of August, reflecting the growing impact of Europe's Markets in Crypto-Assets (MiCA) regulation on digital asset platforms. The move underscores how regulatory compliance is increasingly shaping which cryptocurrencies remain available to consumers.

Government Plans To Raise Non-Oil Revenues To 45% In 10 Years

Money and business    Economy News – Baghdad  The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Friday, that the total public debt of Iraq is still within the limits that can be managed according to international standards, pointing out that the government plans aim to raise non-oil revenues to 45% within ten years.

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U.S. Law Enforcement Group Drops Opposition to CLARITY Act, Clearing Key Legislative Hurdle

The Major County Sheriffs of America (MCSA) has withdrawn its opposition to the CLARITY Act after lawmakers addressed several of the organization's concerns, removing one of the bill's most significant obstacles as the Senate prepares for a potential vote. 

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CLARITY Act Advances as U.S. Senate Prepares Final Bill Text, Boosting Momentum for Crypto Regulation

Senate leaders are expected to release the final CLARITY Act text this week as bipartisan negotiations continue, strengthening expectations that the United States is moving closer to establishing a comprehensive regulatory framework for digital assets.

Advisor To Prime Minister Saleh Mahoud: Iraq Succeeds In Securing The First International Funding With A Sovereign Guarantee To Support The Private Sector

Money and business    Economy News – Baghdad   Dr. Saleh Mahoud Salman, Advisor to the Prime Minister, announced the completion of the first international funding process for a project belonging to the Iraqi private sector with an Iraqi sovereign guarantee, in cooperation with the German Foundation AKA Ausfuhrkredit-Gesellschaft mbH, and in partnership with the German Commerzbank, in an important step within the government's efforts to support economic reform and enhance the confidence of international financial institutions in the Iraqi economy.

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ECB Unveils Three-Pillar Digital Euro Roadmap, First Issuance Possible by 2029

The European Central Bank (ECB) has outlined a comprehensive three-pillar strategy to modernize Europe's financial system through a digital euro, tokenized settlement infrastructure, and faster cross-border payments. If approved, the initiative could pave the way for the first issuance of a digital euro by 2029, marking one of the world's most significant central bank digital currency (CBDC) projects.