Tag Archives | Japan

The latest Japan – Iraq News – Japanese, Jogmec, economic, investment, oil, gas, Basra & more – brought to you by Iraq Business News

MHPS to Upgrade Hartha Power Station

By John Lee. Iraq’s Ministry of Electricity has reportedly awarded a contract to Japan’s Mitsubishi Hitachi Power Systems (MHPS) to refurbish the Unit 1 of the Hartha thermal power station (pictured) in Basra province. According to Energy Business Review, the power station is claimed to account for approximately 25 percent of Basra’s total power generation […]

Japanese Firm Buys Shell’s Stake in West Qurna 1

By John Lee. Japan’s Itochu has reportedly bought Shell‘s 20 percent stake in the West Qurna 1 oilfield. Ihsan Abdul Jabbar, the head of state-run Basra Oil Company (BOC), told Reuters that the oil ministry discussed the required financial investments and operations at the field with Itochu, and approved the deal. West Qurna 1, operated by […]

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 […]

Japanese Company considers Gas Pipeline and Petchem Plant

By John Lee. Iraq has reportedly contracted Japan’s Toyo Engineering to help build a gas pipeline to Kuwait and a petrochemical plant as Baghdad. According to a report from Reuters, the move will help Iraq to reduce flaring and finish paying the reparations owed to Kuwait for the invasion in 1990. The project would allow […]

$400m for Reconstruction of Mosul and Newly Liberated Areas

The World Bank has approved a US$400 million financial assistance package today to support the recovery, reconstruction and rehabilitation of priority infrastructure to restore delivery of public services in areas of Iraq newly liberated from the Islamic State of Iraq and Syria (ISIS). The package represents an additional financing to the Iraq Emergency Operation for […]

Japan Lends $502m to Iraq for Development

JICA to Support Reconstruction in Power Supply and Iraqi Government’s Fiscal Reforms: Signing of Two Japanese ODA Loan Agreements for Iraq The Japan International Cooperation Agency (JICA) and the Iraqi Government have signed two loan agreements at Ministry of Finance in Baghdad. These two ODA (Official Development Assistance) loans, amounting to JPY 57,220 million (approximately […]

National Contingency Plan to Tackle Oil Spills

Iraqi Government to Launch a National Contingency Plan to Tackle Oil Spill Incidents On 22 and 23 October 2017, Ministry of Oil, Ministry of Health and Environment and Ministry of Transport had discussions with the team of Japan International Cooperation Agency (JICA) in Basra to finalize Iraqi National Oil Spill Contingency Plan (NOSCP) in order […]

Social and Economic Integration of Iraqi Youth

Social and Economic Integration of Youth Key for a Better Future for Iraq A new project will promote the social and economic inclusion of about 3,000 conflict-affected Iraqi youth by facilitating their engagement in youth-led community development activities, peacebuilding initiatives and micro-entrepreneurship projects. The Project is financed by a US$2.75 million Grant provided by the […]

Iraq to Invest in Joint Oil Projects with Iran

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said an agreement will soon be signed with Iran to jointly invest in two oil fields shared between the two countries. Last month, Iraq’s Ambassador to Tehran, Rajih al-Mussawi, said his country was considering a plan to cooperate with Iran to develop the Azadegan oil […]

Shell to Exit Iraqi Oil Business

By John Lee. Oil giant Shell is trying to sell its stake in the Majnoon oilfield (pictured) in southern Iraq, following a failure to reach agreement with Iraq’s Ministry of Oil. A Shell spokesman told UAE-based newspaper The National: “Following extensive discussions with the Ministry of Oil, the oil minister of Iraq formally endorsed a […]

Study: Niche Markets and Growth Sectors in Northern Iraq

Iraq, and in particular northern Iraq, is rich in agricultural resources. Recent years, however, have seen an over-reliance on the oil sector to drive growth. In 2014, deteriorating security and conflict in Iraq, coupled with a dramatic fall in global oil prices, caused a severe economic recession in the country. The Government of Iraq and […]

Japanese Loan Boosts Output at Hartha Power Station

Unit No.4 of the Hartha Thermal Power Station has re-started operations and is supplying 200MW of electricity to the grid, following rehabilitation works funded with the Japanese ODA loan. A completion ceremony was held on 7th September, attended by Mr. Adel Kadhim Jaryan, Deputy Minister of Electricity, Representatives of Basra Governorate, officials of Ministry of […]