Archive | Iraq Public Works News

Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.

Turkish Power Ships Resume work in Basra

By John Lee. Power supply ships have reportedly returned to work in Basra following threats from the governor to expel them. The ships, reportedly owned by the Turkish-based Karadeniz Holding, had stopped production for several hours due to unpaid debts of $85 million owed to them by the Ministry of Electricity. The Turkish company supplies […]

The Young Iraqi Artists Replacing Rubbish With Beauty

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Up to 150 volunteers are painting landscapes and other pictures on Baghdad’s walls. Some say such efforts are useless in violent Iraq but others insist it’s a worthwhile exercise. A […]

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Iraq Asks UNESCO to Save Southern Marshes

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqis are seeking protection from UNESCO’s World Heritage Committee for their southern marshes. But the issue is not just environmental; it’s also about international water politics. When the UNESCO World […]

Community Development Centre and Park opened in Erbil

To mark the closure of a comprehensive informal settlement upgrading intervention in Erbil, a community development centre and a neighbourhood park were opened today in Kurani Ainkawa. The Improving Housing Delivery System in Erbil – Upgrading of Kurani Ainkawa Informal Settlement project is funded by the Kurdistan Regional Government (KRG), and implemented by the United […]

GE signs Power Deal in Iraq

By John Lee. General Electric (GE) has signed a “strategic framework agreement” with Iraq’s Oil Ministry on Sunday. The projects are planned to generate more than 400 megawatts of power for oil installations by summer. Other initiatives are to maintain existing generating infrastructure and reduce gas flaring from oil fields. The ministry did not specify […]

Iran Ready to Start Gas Delivery to Iraq

A senior Iranian oil official said the country has started pumping gas into a pipeline that the Islamic Republic plans to use for exports of natural gas to Iraq. “The pipeline is complete on the Iranian side and will be soon inaugurated by senior Iranian officials to start pumping gas into Iraq,” Managing Director of […]

Netherlands Funds Stabilization in Newly Liberated Areas

The Netherlands is giving $5.69 million (€5 million) to the United Nations Development Programme (UNDP) to support stabilization in areas newly liberated from the Islamic State of Iraq and the Levant (ISIL). The Dutch contribution will be allocated in two installments to UNDP’s Funding Facility for Immediate Stabilization (FFIS) which channels fast-track support to liberated areas […]

S. Korea offers $7m in Aid to Iraq

By John Lee. South Korea has offered US$7 million to help resolve the humanitarian crisis in Iraq. A statement on Thursday from Seoul’s Foreign Ministry said: “Our government decided to provide assistance following a comprehensive review of the humanitarian crisis in Iraq, the international community’s call for aid and other countries’ provision of aid.” South […]

Qaiwan secures $105m Loans for Iraq Power Plant

By John Lee. Kurdistan’s Qaiwan Group has secured two loans totalling $105 million to refinance part of the firm’s investment in the 442-MW Bazian Power Plant (pictured). According to a report from Trade Arabia, Deutsche Bank has arranged an eight-year $75-million buyer credit, along with the Dubai branch of Lebanon’s Bankmed. The finance is being […]