Tag Archives | Greece

Greek Company wins $26.8m Hospital Deal

By John Lee. Greek company TERNA has reportedly been awarded a $26.8m turnkey contract to construct a 100-bed hospital in Basra. According to Construction Weekly, the design and build project consists of a general hospital covering a built area of 18,000 m2, including 2,000 m2 for a staff residence and 22 rooms for special care. It […]

METKA Signs $1bn Iraqi Power Deal

By John Lee. Greek construction company METKA, a subsidiary of the Mytilineos Group, has announced the signing of a $1.05-billion contract with Iraq’s Ministry of Electricity for the construction of a combined cycle power station in Anbar. The deal involves the engineering, procurement, construction and commissioning of a natural gas-powered plant with a capacity of 1,642 […]

Foreign Minister Meets Serbian and Greek Ambassadors

By John Lee. Iraq’s Foreign Minister, Hoshyar Zebari, met the Serbian Ambassador to Iraq, Radisav Petrovic, on Wednesday. During the meeting, Minister Zebari called on the Serbian investment companies to contribute in Iraq’s reconstruction. The Undersecretary for Policy Planning and Bilateral Relations, Head of the Europe Department, and the Minister’s Office Manager also attended the […]

Greek Company Wins 200m-Euro Grand Faw Contract

By John Lee. Iraq’s Ministry of Transport has reportedly signed a contract with a Greek company to construct the eastern breakwater and dock services for the new Grand Faw sea-port. According to NINA, the project will cost 204 million Euros, equivalent to 315 billion Iraqi dinars. While the name of the company was not mentioned, […]

Shahristani, Metka, Discuss Shat al-Basra Power Project

By John Lee. The Head of the Greek company Metka, John Mytilineos, met with Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, to discuss the building of the new Shat al-Basra power station. A statement by Shahristani’s Office, reported by AIN, said: “Shahristani urged during the meeting the Company to assume suitable immediate procedures […]

Greek and Turkish Firms Head-to-Head for Iraqi Power Contract

Greek power plant builder Metka SA, and Turkey’s Gama Holding AS, are reportedly the remaining two companies on the shortlist to build a new power station in Iraq, according to a report from Bloomberg, citing Naftemporiki. The 500 MW plant has an estimated budget of $400 million. In recent weeks both of these companies, along with […]

Hellenic Petroleum Considers Buying Iraqi Crude

Greece’s top refiner, Hellenic Petroleum, is said to be considering taking supplies of Iraq’s Kirkuk crude oil, following its suspension of purchases of Iranian crude as a result of sanctions on Tehran. According to the report from Reuters, Greece’s financial difficulties had made Athens reluctant to reduce its purchases of cheap Iranian crude ahead of […]

Greek Ambassador Impressed with Progress in Kurdistan

On his first visit to Kurdistan, the Greek Ambassador to Iraq, Dr Mercourios B. Karafotias, said that he was surprised to see the level of progress that is being made in the Kurdistan Region. In his meeting with President Masoud Barzani on Tuesday, the Ambassador assured the President that the Hellenic Republic wants to play […]

Hyundai, Metka Win Iraq Power Deals Worth $357m

Iraqi government spokesman Dr Ali al-Dabbagh has announced that Iraq’s cabinet has approved projects to build two power stations in southern Iraq. The 1,500 megawatt Rumaila power station will be built by South Korean Hyundai Engineering at a cost of $308 million, while the 1,250 megawatt plant in Basra will be built by Greek company […]

Kurdish-Greek Reconstruction Center Established

Kurdish and Greek businessmen agreed on Sunday to establish a new Kurdish-Greek Center for Reconstruction and Investment. Aswat al-iraq reports that the organisation will have its headquarters in Erbil, while AKnews says it will be based in Greece. Organizer Sarbast Zakhobi informed Aswat al-Iraq that “it was important to establish such center, which aims at […]