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U.S. spent $85 billion on contracts in Iraq  The United States in the last four years of the war is relying on contract employees at a greater rate than in any other war Iraq to revive oil deal with China  Baghdad: Iraq says it's going to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion Lawmaker: Surplus 'not real money'  Baghdad: Shiite lawmaker Haidre al-Abadi: Iraq's government is pulling its weight to reconstruct its war-torn country Iraq's projected $80b surplus stirs anger

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Iraq signs $3B oil deal with China

August 2008 ... more > Top ^

Aug. 30
  Baghdad: Iraq has signed its first major oil deal with a foreign company(China National Petroleum Corporation) since the fall of Saddam's regime
Aug. 12  
Aug. 11
Aug.6
Aug.5
   U.S. Congress: U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 billion

July 2008 ... more > Top ^

Jul.6 UAE to cancel all of Iraq's $7B debt
   United Arab Emirates: Dubai has forgiven the nearly $7 billion Baghdad owes it, Iraqi Prime Minister al-Maliki announced

January 2008 ... more > Top ^

Jan.16   Agencies see good year for Iraq  International Monetary Fund and the UN: Iraq faces a period of economic growth and political progress, according to assessments

year 2007 Top ^

Mar.16 Iraq unveils reconstruction plan

year 2006 Top ^

Nov.27 Insurgents target oil sources. Northern Iraq Jun.26 Iraq oil output hits a new high Russia cuts gas supplies

year 2005 Top ^

Dec.29 Death threats cut oil flow  Northern Iraq: Iraq's largest oil refinery has been shut down, jeopardising supplies of electricity across northern Iraq Oct.31 Attacks 'stunt rebuilding' Sep.9   Airport closed to civilian traffic  Baghdad: Airport security will be transferred from the British company to a trained Iraqi security force Aug.17 IMF: Violence curbing Iraq reconstruction. Washington May.21   Attacks 'delay' rebuilding  US official in charge of reconstruction: Too much money is being diverted to tackle security demands

year 2004 Top ^

Dec.17 U.S. cancels Iraq's $4.1 billion debt. Washington Sep.17 Iraqi Airways to resume flights Sep.14 Iraq rebuilding funds shifted to security   Washington: The will shift more than $3 billion earmarked for Iraqi reconstruction to improve security and oil production Aug.28   Oil Halts Slide on Iraqi Pipeline Attacks  Prices stopped a 5-day slide on supply concerns after fresh Iraqi pipeline attacks outweighed an end to an uprising in Najaf Jun.20 Oil sabotage has cost Iraqis $1 billion Jun.15   Sabotage stops Iraqi oil flow  Saboteurs attacked a key pipeline in the Gulf, halting export of oil through Iraq's 2 offshore terminals Apr.25     Raid disrupts oil exports  Main oil export terminal is still shut after being targeted in a suicide boat attack

year 2003 Top ^

Dec.30 Council member: Saddam hid $40 billion Dec.17   Iran 'owed billions for Saddam war'  The head of Iraq's Interim Governing Council al-Hakim says Iran should be paid reparations for the war Dec.16   Joint plan to relieve Iraq debt   Germany: The U.S., France and Germany have agreed on a plan to provide the Iraqi government with 'substantial' debt relief Dec.9 Iraq tenders 'only for US allies'
  Companies from countries opposed to the conflict will be barred from bidding for new rebuilding contracts worth $18.6bn
Nov.3 Congress passes Iraq budget   U.S. Congress: The Senate has given final approval to Bush's huge emergency funding package for Iraq and Afghanistan Oct.30 $87 billion approved for Iraq, Afghanistan   U.S. Congress: On a 298-to-121 vote, the House is clearing the way for final Senate approval and a presidential signature Sep.21 Sweeping economic reforms adopted Sep.7   Bush to ask 87 billions more for Iraq
   Washington: President has told the American people that Iraq is '"now the central front' in a global war against terrorism
Aug.27   Bremer: Iraq effort to cost tens of billions   Washington: Iraqi revenue would not be enough to cover economic needs that 'almost impossible to exaggerate' Aug.16 Fire halts flow of oil  Oil exports through a key pipeline have been halted by sabotage. The fire was probably caused by a bomb 10,000 dead in heat wave Apr.17 Bechtel wins giant Iraq contract. San Francisco Bay Area

year 2002 Top ^

Aug.17   Russia, Iraq close to $40b deal   Moscow: Iraq's ambassador said that Russia and Iraq are planning to sign a 5-year, $40 billion economic cooperation agreement Apr.8 Iraq cuts off oil exports

year 2000 Top ^

Dec.5 U.N. extends Iraq oil, food plan

Iraq, BusinessMajor Events in 21st Century

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Lawmaker: Surplus 'not real money'  Baghdad: Shiite lawmaker Haidre al-Abadi: Iraq's government is pulling its weight to reconstruct its war-torn country Iraq's projected $80b surplus stirs anger



Iraq, Business Financial Timeline ... See World Financial timeline Top ^
2008
Aug.6
Aug.5
   U.S. Congress: U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 billion
Jul.6 UAE to cancel all of Iraq's $7B debt
   United Arab Emirates: Dubai has forgiven the nearly $7 billion Baghdad owes it, Iraqi Prime Minister al-Maliki announced
2005 Aug.17 IMF: Violence curbing Iraq reconstruction. Washington 2004 Dec.17 U.S. cancels Iraq's $4.1 billion debt. Washington Sep.14 Iraq rebuilding funds shifted to security   Washington: The will shift more than $3 billion earmarked for Iraqi reconstruction to improve security and oil production 2003 Dec.30 Council member: Saddam hid $40 billion Dec.17   Iran 'owed billions for Saddam war'  The head of Iraq's Interim Governing Council al-Hakim says Iran should be paid reparations for the war Dec.16 Joint plan to relieve Iraq debt   Germany: The U.S., France and Germany have agreed on a plan to provide the Iraqi government with 'substantial' debt relief Nov.3 Congress passes Iraq budget   U.S. Congress: The Senate has given final approval to Bush's huge emergency funding package for Iraq and Afghanistan Oct.30 $87 billion approved for Iraq, Afghanistan   U.S. Congress: On a 298-to-121 vote, the House is clearing the way for final Senate approval and a presidential signature Sep.7   Bush to ask 87 billions more for Iraq
   Washington: President has told the American people that Iraq is '"now the central front' in a global war against terrorism
Aug.27 Bremer: Iraq effort to cost tens of billions   Washington: Iraqi revenue would not be enough to cover economic needs that 'almost impossible to exaggerate'


Iraq, Business Aviation Business Timeline ... See World Aviation Business timeline Top ^
2005 Sep.9 Airport closed to civilian traffic  Baghdad: Airport security will be transferred from the British company to a trained Iraqi security force 2004 Sep.17 Iraqi Airways to resume flights


Iraq, Business Food Timeline ... See World Food timeline Top ^
2000 Dec.5 U.N. extends Iraq oil, food plan


Iraq, Business Construction Timeline ... See World Construction timeline Top ^
2008 Aug. 12 U.S. spent $85 billion on contracts in Iraq  The United States in the last four years of the war is relying on contract employees at a greater rate than in any other war 2003 Apr.17 Bechtel wins giant Iraq contract. San Francisco Bay Area


Iraq, Business Trade Timeline ... See World Trade timeline Top ^
2002 Aug.17 Russia, Iraq close to $40b deal   Moscow: Iraq's ambassador said that Russia and Iraq are planning to sign a 5-year, $40 billion economic cooperation agreement


Iraq, Business Macroeconomics Timeline ... See World Macroeconomics timeline Top ^
2008 Jan.16 Agencies see good year for Iraq  International Monetary Fund and the UN: Iraq faces a period of economic growth and political progress, according to assessments 2007 Mar.16 Iraq unveils reconstruction plan 2005 May.21   Attacks 'delay' rebuilding  US official in charge of reconstruction: Too much money is being diverted to tackle security demands 2003 Sep.21 Sweeping economic reforms adopted


Iraq, Business Oil Timeline ... See World Oil timeline Top ^
2008 Aug. 30 Iraq signs $3B oil deal with China
  Baghdad: Iraq has signed its first major oil deal with a foreign company(China National Petroleum Corporation) since the fall of Saddam's regime
Aug. 11 Iraq to revive oil deal with China  Baghdad: Iraq says it's going to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion 2006 Nov.27 Insurgents target oil sources. Northern Iraq Jun.26 Iraq oil output hits a new high 2005 Dec.29 Death threats cut oil flow  Northern Iraq: Iraq's largest oil refinery has been shut down, jeopardising supplies of electricity across northern Iraq 2004 Aug.28 Oil Halts Slide on Iraqi Pipeline Attacks  Prices stopped a 5-day slide on supply concerns after fresh Iraqi pipeline attacks outweighed an end to an uprising in Najaf Jun.20 Oil sabotage has cost Iraqis $1 billion Jun.15   Sabotage stops Iraqi oil flow  Saboteurs attacked a key pipeline in the Gulf, halting export of oil through Iraq's 2 offshore terminals Apr.25   Raid disrupts oil exports  Main oil export terminal is still shut after being targeted in a suicide boat attack 2003 Aug.16 Fire halts flow of oil  Oil exports through a key pipeline have been halted by sabotage. The fire was probably caused by a bomb 2002 Apr.8 Iraq cuts off oil exports