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Russian Firm to Invest in New Industrial Park

A Russian firm has expressed interest in investing in the construction of the new industrial area east of Amara city. “The firm is ready to execute the project according to credit payment system,” a local Iraqi source told Aswat al-Iraq news agency on Wednesday. He explained that the new industrial area will be on the […]

Major Water Project in Basra

On Wednesday, a local company began work on the biggest drinking water project in Basra, a local official said. “A local company started today to implement the al-Khatwa water project, the biggest drinking water project in the al-Zubeir district in Basra,” Abbas Rasham, the district’s mayor, told Aswat al-Iraq news agency. “The project will contribute […]

Court Rules in DNO Arbitration re Kurdistan

The London Court of International Arbitration has disclosed the award in the arbitration proceedings between DNO Iraq AS, a subsidiary of DNO International ASA (DNO), and certain third party interests in the Kurdistan Region of Iraq. The award, which is conditional, does not specify any figure of damages to be paid by DNO, but rather […]

Iraq’s Fourth Mobile Phone Licence

The Iraqi Minister of Communications has called on international companies to do business in the country’s telecoms sector. Speaking at Telecoms World Middle East, Farook Abdul-Rahman revealed: “As you are all aware, we are not short of resources and finance and what we are really looking for from you is the transfer of the latest […]

Tenders for $180m Contract to Overhaul Iraq’s Civil Service

The U.S. Agency for International Development (USAID) has outlined proposals in its request for bidders for a $180 million contract to set up civil service laws and regulations, and to create local institutions to deliver services to the population. The four-year program is called the “Iraq National and Provincial Administrative Reform Project”. Applications are to […]

Nabucco Pipeline May Be Extended to Iraq

Ashti Hawrami says Iraq can fill Nabucco. A day after Iraq said its proven oil reserves surged to world’s third biggest, talks are on to extend the Nabucco pipeline to country’s Kurdish region. According to Richard Morningstar, the Special Envoy of the United States Secretary of State for Eurasian Energy, it is important that natural […]

Bids Invited for Old Iraqi Jets

Iraq wants to sell five decrepit Iraqi Airways planes stranded in Jordan since Saddam Hussein’s 1990 invasion of Kuwait, BusinessWeek reported on Tuesday. Fearing strikes on Baghdad’s airport, Saddam sent the planes to Jordan for protection when it became clear a U.S.-led coalition would attack Iraq to force it to relinquish Kuwait. Aqeel Hadi Kawthar, […]

Kurdistan Gas Targets Pushed Out

Dana Gas PJSC, Crescent Petroleum, Mol Nyrt and OMV will produce 300 million cubic feet a day of gas from its project in Iraq’s Kurdistan region in 2012, a year later than expected. The production rate is currently 200 million cubic feet a day, Dana Gas said in a statement today. The production rate was […]

Honeywell to Open Office in Baghdad – More to Follow

Industrial manufacturer Honeywell International said on Tuesday that it is opening a full-service office in Baghdad, and plans to open other offices in the country over the next few years. The Baghdad office will supply technology solutions such as process automation equipment to Iraq’s oil and gas industry, which is in the midst of re-construction. […]

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ShaMaran Starts Drilling at Atrush-1

ShaMaran Petroleum (TSX VENTURE:SNM) has announced the start of drilling operations at the Atrush-1 exploration well in the Atrush Block, Kurdistan. The well is being operated by General Exploration Partners (“GEP”), a company jointly owned by ShaMaran (33.5%) and Aspect Energy (66.5%). The Atrush-1 exploration well was spudded on October 5, 2010. The well which […]

Tehran to Hold Conference on Iraqi Reconstruction

Tehran announced that it will host the second 2010 International Iraq Reconstruction Conference on October 30-31. Secretary General of the conference, Jahanbakhsh Sanjabi, said that 700 traders, directors, industrialists and officials from Iran, Turkey, Syria and Iraq will get together in the meeting to consider issues regarding regional free trade. He said the conference is […]

First the Cement Plants, then the Cement Bags

Considering the announcements of new cement plants in Iraq to meet the demands of a booming reconstruction sector, it should not be a surprise that someone would spot the need for more cement bags. Işıklar Ambalaj, a package-producing affiliate of Turkey’s Işıklar Yatırım Holding, has decided to build a cement bag factory in northern Iraq, […]