A delegation from Basra province arrived in India on Wednesday to sign contracts related to electricity sector.
A group of Iranian companies has expressed their readiness to invest in Iraq’s economic sector, particularly in the industrial field. “The head of the Baghdad Investment Commission, Shakir al-Zamili, has met with representatives of a group of Iranian firms working in different fields,” according to a statement released by the commission in Baghdad and received […]
Bloomberg reports that the Iraqi Central Bank cut its key interest rate by one percentage point to 6%, to boost economic growth as inflation slows, according to figures posted on the bank’s website. The country’s real growth in gross domestic product probably slowed to 4.3 percent in 2009, from 9.5 percent the previous year, as […]
Negotiations for renewing the Kirkuk-Ceyhan pipeline agreement, which expires at the end of March, began in 2009 and were sealed this month by Iraqi Deputy Oil Minister Ahamd al-Shamma and Turkish Energy Minister Taner Yildiz.
Chinese firm Daqing and a joint venture between Schlumberger and the state-owned Iraq Drilling Co are each being awarded contracts to drill 21 new wells, while Weatherford International was awarded seven new wells.
Power output was down for the last three months of 2009. Reduced output from power plants was the cause of the decreased production. This was the first time that electricity output decreased since the beginning of 2008.
Telecommunications Corporation has reached an initial agreement with Iraq’s Korek Telecom to buy a majority stake in the firm.
Iraq’s ambitious plans to boost crude oil production is not likely to be met, IHS Cambridge Energy Research Associates said in a report on Wednesday. These “highly ambitious plans … are unlikely to be fully realized given political, security, operational and infrastructure challenges”.
The Ministry of Construction and Housing called the next Iraqi government to support investment projects in the country, particularly these that are related to its works in order to resolve the housing crisis in Iraq.
The Governor of Basra Province Shiltagh Aboud discussed with the Turkish Chancellor in Basra Ali Ridha as well as Turkish businessmen opportunities of investment in the province.
Minister of Industry and Minerals Fawzi al-Hariri, who is visiting France met with the French Minister of Industry and representatives of a number of major French companies.
The investment commission in Muthanna has granted two permits to local investors for the establishment of a residential city and markets in the province. “The Muthanna commission has granted 36 investment permits to local and foreign companies thus far,” an official from the commission’s public relations department, Ali Hannon, told Aswat al-Iraq news agency. The […]