Tag Archives | Dhi Qar

Investment Opportunity: Al-Nasiriyah Int’l Airport

By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Due to the historical heritage Thi Qar province enjoys, which goes to thousands of years back and admired by many countries around the world, the need for building the Nasriya International Airport is of great importance in order to […]

Investment Opportunity: Al-Nasiriyah International Airport

The National Investment Commission (NIC) and the Iraqi Civil Aviation Authority (ICAA) have announced the investment opportunity to build Nasriya International Airport. The airport is located to the south–west of Imam Ali (PBUH) air force base in Thi Qar province. The area of the passengers terminal is 3000m². Interested foreign and local companies can apply […]

Iraq Invests to Boost Nasiriyah Oil Field

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has ordered the state-run Dhi Qar Oil Company (DQOC) and Iraq Drilling Company (IDC) to develop the Nasiriyah oil field in Dhi Qar province. He said the Ministry has budgeted $140 million to raise production from the current 90,000 barrels per day (bpd) to 200,000 […]

Chinese Companies Win Al-Faw Projects

By John Lee. Iraq’s Ministry of Oil has awarded the Al Faw [Al Fao] refinery and petrochemicals project to two Chinese companies. In a statement, the ministy named the companies as Power China and “Nerco Chinese Companies“. Mr. Assim Jihad, the spokesman of the Ministry,  said the refinery will have a capacity is 300,000 barrels/day. […]

Lukoil signs Contract for Exploration at Block 10

Russia’s Lukoil has signed contracts with the state-owned Iraqi Oil Exploration Company to carry out seismic surveys at the Eridu field in Block 10, and also at Block 10’s southern and central parts, previously not part of the survey. The scope of appraisal works at Eridu field includes a 3D seismic survey of 983 square kilometers to […]

UKEF helps GE and Enka secure Power Contract

UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: “The Department for International Trade through UK Export Finance […]

Efforts to Privatize Electricity face Resistance

By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. In a meeting held Feb. 21, Najaf’s provincial council followed in the footsteps of Dhi Qar, Muthanna, Wasit and Diwaniyah and voted against the privatization of the electricity sector in […]

Oil Minister calls for Investment in Nasiriya Refinery

By John Lee. Oil Minister Jabar Ali al-Luaibi (Allibi) has called for local and international companies to invest in the Nasiriya Refinery project in Thi-Qar province. He also called the concerned authorities to solve all the administrative hindrances which might delay the project in order to award it to the companies which are going to […]