Investments in the electricity sector in Iraq will minimize power-off periods throughout the country, an adviser for the electricity minister said on Friday. “The process may take 2-3 years,” Hassan Wahab Ganaw told Aswat al-Iraq news agency. He said that current electricity production in Iraq fulfills only 50 percent of the country’s demand on power.
Total announces that, within the framework of Iraq’s second petroleum bidding round organized by the Iraqi Ministry of Oil on December 12th, 2009, the consortium led by PetroChina Company Ltd signed on January 27, 2010 a 20-year Development and Production Service Contract with Missan Oil Company for the development of the Halfaya oil field. Total […]
A consortium led by Exxon Mobil and Royal Dutch Shell on 25 January signed a contract with the Iraqi government to redevelop and expand the West Qurna field – one of Iraq’s biggest oil fields. The Exxon team said it would boost production at the field to 2.325 million barrels a day, up from just […]
The Iraqi minister of science and technology has discussed with the head of the Estonian Parliament the recent developments in the electronic government project. “During his visit to Estonia, Minister Raid Fahmi Jahid discussed with the Estonian minister of economic affairs and telecommunications and the head of the Estonian Parliament the latest scientific and technological […]
The Ministry of Finance has allocated more than 21 billion Iraqi dinars to renovate the academic departments in Iraqi universities. “The amount earmarked for universities in the 2010 budget is approximately seven times the figure in last year’s budget (ID3 billion),” according to a ministry statement received by Aswat al-Iraq news agency. According to Finance […]
The rehabilitation of Umm al-Qasr port in the city of Basra has been completed, the relations and media director at the Iraqi Ports Company said on Wednesday. “The rehabilitation operations include improving the port’s docks and the maintenance of concrete side of the southern docks,” Anmar al-Safi told Aswat al-Iraq news agency. The Shiite province […]
Momentum Logistics announced, the logistics branch of the Gulftainer a leading international port management, the opening of a branch in Iraq, including a major office and storage facilities. The new branch is located in the city of Zakho in the far north of Iraq on the border with Turkey, a space of about 8000 square […]
DG of Water Office in Ministry of Municipalities and General Labors has confirmed that no pollution in potable water for southern provinces. Media National Center quoted DG Amr Khalil Ismael as saying” information aired by media last week regarding the pollution of water in some southern provinces is baseless, calling for media to be cautious […]
A new power transformation station will be established in the city of Basra within 23 months, an official of the local council’s electricity department said on Wednesday. “The new station, which is being built near al-Zubair Bridge, west of Basra, will have a production capacity of 400 KV,” Ziyad Ali Fadel told Aswat al-Iraq news […]
If the invasion of Iraq was all about exploiting the country’s oil, you’d never know it from the structure of the contracts being signed by the likes of ExxonMobil (NYSE: XOM), Total (NYSE: TOT), and BP (NYSE: BP). In an analysis of the West Qurna 1 license awarded to ExxonMobil and Royal Dutch Shell (NYSE: […]
The decision by Iraq , to allow international companies to support the development of productive oil fields, is the most important economic decision taken by the government since 2003. The importance of this step is in increasing the production capacity from 2.5 million bpd currently, to 11 million by the year 2017, an increase of […]
British–Dutch firm, Shell, demanded the Iraqi Oil Ministry to sign the gas investment final contract. “The Ministry delays signing the contract,” Malik Nouri, Shell’s representative in Basra, told Aswat al-Iraq news agency on Tuesday. He said that the contract is extremely important to Iraq, because it brings big amounts of funding to the country.