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Siemens to add 700 MW to Rumaila Power Plant

Germany’s Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at no extra fuel requirement while increasing the overall power plant efficiency to more […]

UAE Funds $50m Rebuild of Mosul Minaret

By John Lee. UAE’s Minister of Culture has reportedly signed an agreement funding the rebuilding of Mosul’s famed al-Hadba minaret, which was destroyed by the Islamic State group (IS, ISIS, ISIL, Daesh) in the last weeks of the war. According to a report from Rudaw, Minister Noura al-Kaabi signed the agreement with Iraq’s Minister of […]

Iraq Extends Deadline for Qayara Refinery Bids

By John Lee. Iraq has extended the deadline to bid for the construction and operation of a new 100,000-bpd Qayara refinery. The full statement from the Ministry of Oil is as follows: The ministry of oil would like to announce for the investment refinery in Ninawa governorate/ Qayara with a capacity of 100 thousand barrels […]

AMAR Continues Support to Iraqi IDPs

For World Book Day 2018, the AMAR International Charitable Foundation has delivered over 6,000 illustrated children’s books to displaced children in Iraq, all specifically designed for IDP youth. Hussein Al-Alak (pictured below), who is running the Manchester 10k on behalf of AMAR, said: “It’s the only charity in the United Kingdom that supports health, education and, […]

Oil Ministry Finalises Export Figures for March

By John Lee. Iraq’s Ministry of Oil has announced final oil exports for March of 107,050,000 barrels, giving an average for the month of 3.453 million barrels per day (bpd), a slight increase from the 3.426 bpd exported in February. The exports were entirely from the southern terminals, through 39 international companies, with no exports registered […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Iraq Business News readers. Prepared by GardaWorld’s Risk Analysis Team in Iraq, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of developments […]

Aiding Iraq in Reconstruction Iran’s Priority

Aiding Iraq in Reconstruction Iran’s Priority after Daesh Defeat: Defense Minister Iranian Defense Minister Brigadier General Amir Hatami said that following the defeat of the Daesh (ISIL or ISIS) terrorist group in Iraq, Iran’s priority in its cooperation with Iraq now is helping the Arab country in its reconstruction process. In a meeting with Iraqi […]

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Exxon, Baghdad face Setback on Seawater Project

By John Lee. Talks between ExxonMobil and Iraq on the multi-billion-dollar Common Seawater Supply Project (CSSP) have reportedly reached an impasse. According to Reuters, two sides differ on contract terms and costs. Ian Thom, principal analyst at consultancy Wood Mackenzie, told the news agency: “The CSSP would be expensive and challenging but there’s opportunity here […]

Electronic Vote Counting sparks Controversy

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Electronic Vote Counting sparks Controversy ahead of Iraqi Polls This year, for the first time, Iraq’s general elections will be conducted via a modern electronic system. The initiative is […]

Women, Children with perceived ties to IS Denied Aid

Women and children with perceived ties to IS denied aid, sexually exploited and trapped in camps Iraqi women and children with perceived ties to the armed group calling itself the Islamic State (IS) are being denied humanitarian aid and prevented from returning to their homes, with an alarming number of women subjected to sexual violence, […]

Basra Gateway Terminal joins the Iraq Britain Business Council

The Iraq Britain Business Council (IBBC) has announced that Basra Gateway Terminal (BGT) has joined the Council. BGT is one of Iraq’s premier container and multi-purpose cargo handling facility, with a team of high-performing Iraqi and International port professionals who deliver customer-focused, high productivity and congestion-free port services to Iraq’s economy. Situated in Umm Qasr, […]