Tag Archive | "Dhi Qar"

Oil Minister Announces 3 New Companies

By John Lee.

Oil Minister Dr. Adel Abdul Mahdi [Adel Abdel Mehdi] (pictured) has announced the establishment of three new oil companies.

The Dhi Qar Oil Company has been set up to put the extraction and production of oil from fields in Dhi Qar under their direct supervision of the people of the province. This follows the successful developement of the fields at Nasiriyah and Gharraf.

The Ministry is also setting up a new oilfield services company and a new crude oil pipelines company.

(Source: Ministry of Oil)

Posted in Oil & GasComments (12)

12 Companies Bid for Nasiriyah Airport

By John Lee.

A total of 12 foreign firms are reported to be bidding for the operation of the first civilian airport in Dhi Qar province.

The governor of Dhi Qar, Yeha Al Nasiri, said on Sunday that the contract to run the new airport in Nasiriyah would be awarded within the next three months.

Emirates 24/7 reports that firms from the UAE, the United States and Turkey have pitched for the business, but none of the companies have been named.

The new airport is located at Imam Ali military air base and would be commissioned in early 2015.

(Source: Emirates 24/7)

(Picture: Imam Ali military air base, Dhi Qar)

Posted in Construction & Engineering, TransportationComments Off

Iran to Open Office in Thi Qar

By John Lee.

The Governor of Thi Qar [Dhi Qar], Yehya ala-Nasiri, has told Aswat Al Iraq that Iran proposes opening an representative office in the province, to facilitate the work of Iranian companies in the area.

The proposal was made following a meeting with the Iranian consul in Basra province, Hameed Reza Mukhtas Abadi.

(Source: Aswat Al Iraq)

(Iran image via Shutterstock)

Posted in Industry & TradeComments Off

Dhi Qar to Invest $430m in Power Projects

By John Lee.

The Dhi Qar governorate intends to invest 500 billion Iraqi dinars ($430 million) in power projects in the next three years, according to a report from Emirates 24/7.

Shanan Al Zamli, chairman of the electricity committee in the governing council, told al-Sumaria that the investment will add 2,000 MW to its generating capacity, bringing it up from 1,000 MW to 3,000 MW, which will help to tackle the severe power shortage in the governorate.

He added that the council had already approved a project to build a 1,000-MW power plant to the north of Nasiriyah, and another 1,000-MW plant in Suq Al Shuyukh in the south of the province.

(Source: Emirates 24/7)

(Electricity image via Shutterstock)

Posted in Construction & EngineeringComments Off

LUKOIL begins Seismic Survey at Block 10

LUKOIL has started a 2D seismic survey at Block 10 in the south of Iraq.

2000 linear kilometers of seismic surveys will be completed by the BGP Inc. geophysical company within 16 months.

The Mandatory Geologic Exploration Program at Block 10 is scheduled to take five years with a potential 2-year extension and includes drilling one exploration well in addition to the 2D seismic survey.

LUKOIL Overseas was granted the right to exploration, development and production operations at Block 10 during the field’s licensing round in June 2012. The Service Contract, which has a duration of 25 years with potential five year extension, was signed on November 7, 2012.

Shares in the project are distributed as follows: LUKOIL Overseas (the Operator) – 60% and Japanese INPEX Corp. – 40%. The Contract holder from the Iraqi side is the state-run South Oil Company.

Block 10, with a total area of 5.6 thousand square kilometers, is located in the territory of Dhi Qar and Mutanna provinces, 120 km to the west of Basra.

Posted in Construction & EngineeringComments Off

Schneider to Build Dhi Qar Power Plant

By John Lee.

French company Schneider Electric has won a contract to build a power plant in Iraq.

The 64MW plant will be built in the Nasir district in northern Dhi Qar province, near the stadium in the area.

Schneider employs more than 140,000 people in over 100 countries. Last year revenues were $32bn.

(Source: ConstructionWeekOnline)

(Picture: Schneider Head Office)

Posted in Construction & EngineeringComments (3)

Gharraf Oil Starts Field Production

By John Lee.

The Gharraf [Garraf] oil field in Thi Qar [Dhi Qar] province, 85km north of the City of Nasiriyah, produced its first commercial output of oil on 31st August.

Iraq’s Ministry of Oil said the flow rate was 35,000 barrels a day, and peak production of 230,000 bpd was expected in 2017.

Japan Petroleum Exploration (JAPEX), in partnership with Malaysian national oil company PETRONAS and the Iraqi state-owned North Oil Company (NOC), secured the winning bid for the field in December 2009 under Iraq’s Second Petroleum Licensing Round.

In July 2010, JOGMEC granted equity financing to Japex Garraf Ltd., an affiliate of JAPEX, for the development of the field.

(Sources: Ministry of Oil, JOGMEC)

Posted in Oil & GasComments (3)

US Firm Wins $60m Affordable Housing Project in Thi Qar

By John Lee.

The Thi Qar Investment Commission has approved an Investment License for a $60 million (USD) affordable housing project being developed by Iraq Dream Homes, LLC, a U.S. affordable housing development firm.

The housing project “An Nasiriyah Dream Homes-Phase I” consists of 400 units of single-family affordable homes in a master-planned, sustainable community development. In addition to the energy saving technology and design incorporated into the development, An Nasiriyah Dream Homes-Phase I will include a hybrid solar/photovoltaic renewable energy plant for clean and stable electricity supply for the development’s residents.

According to Iraq Dream Homes, LLC Managing Director William Johnson:

Thi Qar Investment Commission’s approval of the Investment License for our affordable and sustainable housing project marks a very significant milestone in the project’s development and provides a clear indication that Iraq is serious about addressing their housing shortfall.

Engineer Ali M. Sangoor, Iraq Dream Homes, LLC Country Manager  says:

Working with Dr. Luay AL-Khairulla, Chairman of the Commission and the Thi Qar Investment Commission staff in the development of An Nasiriyah Dream Homes-Phase I has been a pleasure and we look forward to delivering our high quality, affordable homes to the residents of An Nasiriyah.

Iraq Dream Homes, LLC was awarded the Investment License for the An Nasiriyah Dream Homes-Phase I project under Iraq’s Investment Law #13. A combination of construction lending from a U.S lending agency and an Iraqi commercial bank, along with private equity will provide financing the project.

Construction on An Nasiriyah Dream Homes-Phase I, located in the Municipality of An Nasiriyah, Thi Qar Province in southern Iraq is expected to start in November 2012, with initial turnover occupancy of homes scheduled to begin in June 2013.


Posted in Construction & EngineeringComments (9)

IBN Newsletter 'FREE Weekly Subscription'

Advertise with IBN