Water Project Opened in Ninewa

The Ministry of Housing and Construction on Tuesday opened a big water project that supplies the western part of Ninewa province with drinking water. “The project has a design capacity of 10 thousand cubic meters per hour,” Yelmaz Abbas, an official from the Ministry, said in a speech for the occasion. He said that the […]

Work Starts on Oldest Bridge in Hindiya

Maintenance work has begun on Karbala’s oldest bridge, which was built during the royal era, the head of the city’s provincial council said on Tuesday. “On Tuesday, technical teams and engineers from a local company started maintenance work on the old Tuweireg Bridge in al-Hindiya district (20 km east of Karbala),” Mohammed Hameed al-Moussawi told […]

Baghdad’s Investment Budget to Reach $1bn in 2010

The investment budget of the capital Baghdad will reach $1 billion U.S. dollars in 2010, Baghdad’s governor said on Tuesday. “Forty percent of this budget will be used to cover the projects that were implemented in the province in 2008 and 2009,” a statement received by Aswat al-Iraq news agency quoted Governor Salah Abdulrazzaq as […]

Kurdistan Postpones Budget

The Kurdistan parliament’s chairmanship decided on Tuesday to postpone discussing the region’s 2010 budget until the end of the coming parliamentary elections. “The parliament decided today (March 2) to resume discussing the 2010 budget after the end of the coming elections,” Ismail Kalali told Aswat al-Iraq news agency. (Aswat Al Iraq)

Oil Deals Vital to PM’s Campaign

Backed by armed bodyguards, international oil executives have flocked to Basra to survey their potentially lucrative prizes: the fields that they hope will one day be pumping out dramatically greater amounts of cheap, plentiful crude. For their companies, the fields that they won the rights to develop in two biddings rounds last year are their […]

Drilling Contract in Rumaila

Iraq announced a $318 million contract with a unit of Turkish Petroleum to drill 45 wells in the supergiant Rumaila oilfield as the country strives to regain and even surpass pre-war production levels. Britain’s BP and China’s China National Petroleum Corp signed a 20-year contract to develop the Rumaila field in southern Iraq, which alone […]

Abu Dhabi Lowers Crude Prices

Abu Dhabi National Oil Co., the state-owned producer, cut February prices on all its crude grades by about 4 percent after Persian Gulf suppliers including Saudi Arabia, Iraq and Iran lowered rates for buyers in Asia, according to Bloomberg. The price for Murban crude, its largest export grade, was lowered to $74.20 a barrel.Upper Zakum […]

Maysan Oil Company

Maysan Oil Company – update from the local Basra press; Drilling of Halfaya Well/7 is finished, and drilling operations are due to start at Halfaya Well/9, and what should be noted that Halfaya Field- which is located to the south-west of Amara City- is considered one of the most important oil fields in Maysan, which […]

Iraqi Oil Exports Hit a New High

According to AFP, Iraq’s oil exports in February were the highest since 1990, at 2.069 million barrels per day. Reuters puts the figure slightly higher, at 2.083 million bpd, up from 1.926 million bpd in January. The average selling price was $73-$74. 1.612 million bpd were shipped from the southern oil hub of Basra, and […]

Basrah International Airport

The Basrah International Airport (BIA) Director, Mr. Abdulameer Kanim has released the following information regarding leasing of available land space on the Basra Airport footprint: • The Basrah International Airport (BIA) Director has stated that companies (domestic and international) can lease land within the BIA airport grounds (outside of the USF-I COB limits) for a […]

Second Rail Line in Diwaniyah

The Minister of Transport, Amer Abdul-Jabbar Ismail opened on Sunday, the second rail line Hilla, Diwaniyah with a potential speed of 120 km / h. This is one of the important steps which would change the transport map. Ismail visited the photo gallery, which reflects the phases of the project from its inception to the […]