The Oil Ministry now specifying (in a document on its Web site) that by late 2014 its overall production capacity should have already almost doubled from today’s 2.4 million b/d.
The fair, which will be held between Nov. 25 and Nov. 28, aims to enhance the war-torn country’s economic development, while focusing on Iraq’s contribution to the future world energy supply.
Transport Minister, Amer Abdul Jabar, expressed regret over Kuwaiti authorities’ pressure on Iraq over the Iraqi Airways debts.
“The product of these fields will initially be used to supply electricity stations and for other domestic needs, with the rest to be exported. The ministry hopes that Iraq will reach the level of other gas producers in the region.”
Iraq has begun implementing extra security measures to protect oil fields in and around the south-eastern city of Basra, security sources announced on Wednesday.
Iraqi General Company for Ports signed a joint venture contract with French company CMA to establish a terminal container and berth No.4 in Umm Qasr port for three years.
KBR, the Army’s largest contractor in Iraq, was picked for a no-bid contract worth as much as $568 million through 2011 for military support services in Iraq, according to Army officials.
TNK-BP Holding and Iraq Oil Company for Oil Investments (IOCOI) have signed an agreement to establish a joint venture aimed at identifying potential projects to acquire, develop and operate oil and gas fields on the territory of Iraq.
The governor of Kirkuk on Thursday laid the foundation stone for the al-Shurja youth club in the northern part of the city at a cost of 3.760 billion Iraqi dinars, according to the province’s information director. “Governor Abdulrahman Mostafa laid a cornerstone for the club in Shurja to be carried out by the youths & […]
French Ambassador to Iraq, Boris Boillon, talked with officials from Karbala’ Province on ways to widen cooperation between the two parties in the investment field and by bringing in French companies to restore industry and manufacturing in the Province. The local government responded that it wants to boost relations with the French and its bid to […]
Ministry of Finance announced the approval of the Joint Committee recommendations of Finance and Defense Ministries on service and military retirement Law. A statement issued by the Information Office of the Finance Ministry said that Finance Minister, Baqir al-Zubeidy, approved the recommendations of the Joint Commission to implement Article 98 concerning private pay and grades […]
In line with its regional expansion strategy, BBAC s.a.l. (Bank of Beirut and the Arab Countries) has announced the start of operations in its new branch in Erbil, Iraq. This comes in response to the needs of the Iraqi market and the demands of Lebanese establishments and citizens in Iraq as well Iraqi people, Arabs […]