“It’s not expected that there will be much oil available from other parts of the world,” he said. “Any additional demand, particularly from Asia, will have to be met by Iraq.”
Al-Shahristani said Iraq would open another bid for a major gas exploration project in September.
Iran, Iraq and Turkey are discussing plans to set up a joint investment bank at Iran-Turkey border, an Iranian provincial official announced.
Iraq government said that there is a tendency to privatise Iraq economy but in a way that is different from that World Bank is asking for.
A new sewage project in the Iraqi capital will be executed by the Swedish firm EPC, the Baghdad Mayoralty said on Sunday.
Iraqi Ports Company signed a contract with the Japan-based firm, Toyota, to develop boarding and de-boarding processes at the Umm Qasr Port
Kuwait’s Zain has signed a services management agreement with Motorola. Under the three-year contract, Motorola will operate and manage the Kuwaiti telecoms 3G network as well as handle the design, planning, support and optimisation. The two firms also have existing contracts in Iraq, Saudi Arabia, Nigeria and Jordan for several different technologies, network domains and […]
The Iraqi transportation ministry has said that properties of the bankrupted Iraqi Airways will go to the state, Aswat al-Iraq has reported. The carrier, which had only one old airplane, could not purchase more due to the Kuwaiti compensation claims, the ministry said. The source described the airlines properties as “very little”. ( AME Info […]
Reuters‘ Serena Chaudhry reports lack of water is ruining crops and farmers’ livlihoods. She cites the case of Abdullah Hasan a 50-year-old father of five from Falluja in western Anbar province who has been was forced to abandon his 50 acres of land and take a job in construction after years of drought killed off […]
The Iraqi port of Umm Qasr received six ships carrying more than 200 thousand tons of rice for the Trade Ministry, on Sunday. “The Ships Apostolos, Patriarch, Alitis, Stellajabbah, Rubystar, and Vero 9 arrived by the port carrying more than 200 thousand tons of rice from U.S., Vietnam, and Thai origins,” the ministry said in […]
Laws and regulations, in addition to audit and follow up commissions, make it hard to manipulate the Iraqi banking system, said a source from the Central Bank of Iraq (CBI). “Our duty is to monitor the performance of Iraqi banks , and foster their development and financial status,” the source told Aswat al-Iraq news agency […]
“The sides discussed the possibility of ferrying Iraqi crude to Syria through the present pipeline and exporting it via Baniyas terminal,” according to a statement by the official Syrian news agency, SANA.