Archive | Construction & Engineering In Iraq

Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.

CMEC to Expand in Iraqi Electricity Sector?

By John Lee. During their recent visit to China, the Deputy Prime Minister for Economic Affairs, accompanied by the Ministers of Transport and Electricity visited the China Machinery Engineering Corporation (CMEC), which specializes in transport, energy, communications and heavy engineering equipment. The company is already involved in the reconstruction of Salah al-Din power station and […]

China Railway Company considers Karbala-Najaf Railway

By John Lee. The Deputy Prime Minister for Economic Affairs, Fuad Hussein, accompanied by the Ministers of Transport and Electricity, a number of Governors, Advisors to the Prime Minister and a number of general managers visited the China Railway Company earlier this week. Among the projects discussed were the building of the Karbala-Najaf railway. The […]

KRG to Repay Farmers’ Debts

By John Lee. The Kurdistan Regional Government (KRG) is to repay the debts of what it describes as “around 9,000 hardworking farmers“. In a statement, the KRG said the Ministry of Agriculture and Water Resources will repay over IQD 222 billion (USD 186 million), in line with the new government’s objective of developing and diversifying […]

Brick Makers seek Financial Support from KRG

By John Lee. Manufacturers of red bricks are reportedly criticizing the Kurdistan Regional Government (KRG) for its failure to financially support the industry and capitalize on demand in the rest of Iraq. According to information obtained by Rudaw, the Kurdistan Region has 11 advanced brickworks, with the capacity to produce some 860 million bricks annually, […]

ASEC to run Qarachog Cement Plant

By John Lee. The Arab Swiss Engineering Company (ASEC) has reportedly signed a three-year agreement with Iraq’s KAR Group for the operation and maintenance of the Qarachough [Qarachog] Cement Plant near Erbil. According to World Cement, the plant has a capacity of 1.9 million tonnes per year. (Source: World Cement)

Siemens and Orascom to rebuild Baiji Power Plant

By John Lee. Germany’s Siemens and Egypt’s Orascom Construction signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq. The plants will have a combined generation capacity of 1.6 gigawatts (GW) when completed and are a major step in Siemens’ roadmap for rebuilding Iraq’s power […]

Boskalis to build Oil Export Island in Gulf

By John Lee. Dutch company Royal Boskalis Westminster has signed a ‘memorandum of principles’ to construct an industrial island for the Basra Oil Company (BOC) in Iraq’s territorial waters in the Gulf. Iraqi oil minister Thamir Ghadhban said the project will add export capacity of 3 million barrels per day (bpd). The Dutch Ambassador to […]

Video: Iraq Protests – Graduates Demand Jobs

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands of university graduates in oil-rich Iraq are protesting outside government ministries in Baghdad, demanding jobs. Unemployment for young adults stands at 22 percent and the government admits it has not planned for […]

Zubair Oil Production hits 500k bpd

By John Lee. Zubair oilfield has reportedly reached a production level of 500,000 barrels of crude oil per day (bpd). According to Business Korea, Kogas made the announcement on Thursday, adding that its “second-stage goal” is 700,000 bpd. The project is being developed by Eni (32.81%), Kogas (18.75%), Maysan Oil Company (25%), and South Oil […]

Oilserv Wins Contract at Sarta Oilfield

By John Lee. Genel Energy has confirmed that Chevron Sarta, as operator of the Sarta field (Genel 30% working interest), has signed a contract with Dubai-based OILSERV for the construction, installation, operation and maintenance of a 20,000 bopd central processing facility (‘CPF’). OILSERV has been contracted for the facility through a lease agreement. The commissioning […]

Iraq’s Rehabilitation Continues: Basra Megaprojects Conference

Iraq’s Rehabilitation Continues: Find out More at Basra Megaprojects Conference The summer months have seen Iraq continue with its quota-busting production run. According to figures from S&P Global Platts, the country added another 10,000 barrels per day in July, taking output to 4.78 million bpd, leaving it 270,000 bpd over its OPEC compliance target, due […]