Qadisiyah Govt and Iranian Companies Agree on Investment

A preliminary agreement was concluded between Qadisiyah local government and a group of Iranian companies to invest in the province, the director of the Investment Committee in Diwaniyah reported on Monday. “The Investment Committee and the head of Qadisiyah council met a delegation from a group of Iranian companies to discuss the possibility of investing […]

USAID Study Details Advances by Iraq’s Microfinance Industry

USAID through its Provincial Economic Growth Program, today released State of Iraq’s Microfinance Industry, a 52-page report that describes the growth and emerging trends of a microfinance industry that rapidly is building financing systems accessible to all Iraqis. Iraq’s microfinance industry was established seven years ago with financial and technical assistance from the U.S. Agency […]

Rumaila Oil Output up 10% by End of Year

On July 1, the operational management of Iraq’s Rumaila project was officially transferred to Rumaila Field Operating Organization (ROO), a consortium led by CNPC, BP and Iraq’s South Oil Company. On July 3, BP, CNPC and Iraq’s South Oil Company held a ceremony at Basra to mark the transfer. More than 130 representatives from the […]

Iraq to Build Eight Power Stations

Dinar Trade reports that The Minister of Electricity and agency, Dr. Hussain al-Shahristani, has announced the building of eight new power stations, with a total capacity of 5,000 MW. Readers of IBN will remember that Dr Shahristani, who is also the Minister for Oil, took over responsibility for the electricity brief following the riots last […]

Waste-to-Energy Power Project in Kirkuk

Kirkuk’s Governor, Abdulrahman Mostafa, met with representatives of a US consortium on Sunday, investing in the fields of petroleum, refineries, prefab construction and cell phones, and discussed with them a project to produce electricity through waste incineration, a local official said. “The U.S. investors briefed the Kirkuk officials on the nature of their work and […]

259 Foreign Firms in Erbil Construction Fair

The Second Fair for Municipalities, Constructions, and Ceramics was opened on Monday, 12th July, in Erbil city. “The fair will last for one week,” a source from the fair told Aswat al-Iraq news agency on Sunday. He noted that 259 foreign firms from 10 countries are participating in the fair. AK News reports that Iran, […]

Iraq Aims to Raise Water Sector Investment

Iraq needs to spend more than $1 billion a year to develop its water sector in the coming years as the war-battered country grapples with water shortages, Iraq’s minister for water resources said on Sunday. Iraq has spent $1 billion each year since 2007 for water projects with funding from the government as well as […]

Construction and Housing Cooperation Between Iraq and Bahrain

The Iraqi Minister for Construction and Housing, Bayan Dzehyi [Bayan Dezei], received the Bahraini ambassador to Baghdad, Salah Ali Al Maliki, to discuss cooperation in the construction sector. An official source at the ministry said that the minister discussed with the Bahraini ambassador, means of mutual cooperation in the implementation of projects or partnerships with […]

Vocabulary – Lesson 5

Iraqi عربي English ashkurak أشکُرَك                  I thank you shgad شگد                     how much, how many nisayt نِسیت                    (I) forgot gilitlii گِلِتلي (you) told me alfehn الفين two thousand aani at-thekkar آني أتذَکَر                         I remember aani ariid آني أرید                           I want aani adfa’ آني أدفَع                          I pay aani adfa’lak آني أدفَعلَك                   […]

Bahraini Companies Seek to Invest in Basra Energy Sector

A delegation from Bahraini investment companies met with the chairman of Basra Council on Thursday to discuss investment in the energy sector in the southern city, according to a report from Aswat al-Iraq. “Chairman of the Basra council Jabar Amin Jaber received on Thursday a delegation representing Bahraini investment companies in the energy sector,” said […]

Platts Survey: OPEC Pumps 29.12m bpd in June

The 12-member Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production output averaged 29.12 million barrels per day (b/d) in June, down 160,000 b/d from an estimated 29.28 million b/d in May, according to a just-released Platts survey of OPEC and oil industry officials and analysts. Lower volumes from Iraq and Nigeria accounted for […]

Basra Governor Considers Oil Projects with Int’l Company

Basra’s Governor, Shaltagh Abboud al-Mayah, held discussions on Thursday with a company regarding projects in the oil sector, a media source said. “Al-Mayah met with a delegation from the Top Oilfield company to discuss the maintenance of oil rigs in Basra,” the source told Aswat al-Iraq news agency. “The meeting also addressed the local government’s […]