Employees of the State Company for Mechanical Industries in Alexandria organized a sit-in protest on Wednesday against terrorist operations affecting Iraqi workers. Trades unions members of the Iraqi State Company for Mechanical Industries staged a sit-in protest and spoke in memory of victims of terrorism. The statement said the protest came at the invitation of […]
The Najaf Investment Commission held a conference on Wednesday to discuss problems facing investments in the province and to find a mechanism to attract investors. The conferencediscussed a number of housing projects and difficulties facing this sector. The conference also covered the importance of activating the amended investment law as well as the role of […]
Iraq will supply crude to at least two Asian buyers at around 10 percent below contract volumes for June, possibly the first major cut in allocations by the OPEC producer this year, industry sources said on Wednesday. The cut was on medium-heavy Basrah Light crude, they said. It was not immediately known why Iraq cut […]
The Iraqi government is determined to boost power output to 27,000 megawatts in four years, said Electricity Minister Kareem Waheed, and it should invest $3-4 billion annually to meet that target. Waheed said the target to produce the massive amount of electricity that will meet Iraq’s domestic needs is attainable. The ministry is known to […]
The Iraqi Finance Minister, Baqer al-Zubaidi, urged Iraq’s ambassadors to make efforts to attract investments to Iraq, according to a ministerial statement. “Al-Zubaidi received on Wednesday (May 12) Iraq’s ambassadors to Germany, Slovakia, the Czech Republic, Kuwait , Japan and Norway,” said the statement received by Aswat al-Iraq news agency. “The minister called on the […]
The business community in Iraq, and internationally, is focused on the task of rehabilitating the oilfields and re-building the country. This is hardly a surprise; quite apart from the investments to be undertaken directly by the oil companies, Iraq’s National Development Plan foresees over $200 billion in investment in services, economic stimulus and environmental protection […]
Iraq’s two remaining supergiant oilfields, Kirkuk and East Baghdad, are not on the table for joint development with international oil firms following two oil contract bidding rounds last year
Norwegian oil and gas producer DNO International (DNO.OL) gave no guidance as to when it expects to restart oil exports from Iraq when it published first-quarter results that beat forecasts on Tuesday.
The monthly report from the Organization of the Petroleum Exporting Countries, which pumps more than one in every three barrels of oil, said demand would rise by 950,000 barrels per day (bpd) in 2010, 50,000 bpd higher than previously forecast.
Iraq Minister of Transportation Amer Abdul Jabbar Ismail said that the rentals of the ports and naval agencies and the incomes thereof from 10 to 50% in the light of the achievements in Iraqi ports.
Iraq Ministry of Water Resources said that it has a plan to establish more than 30 dams in Iraq in order to irrigate agricultural land and to provide drinking water for the habitation regions and stressed that these projects will be implemented in the upcoming years because they cost a lot.
The plan will target five key areas: ensuring inclusive economic growth; environmental management; promoting good governance and protecting human rights; boosting access to basic services for all; and stepping up investment in women, youth and children.