Tag Archives | South Korea

Petrofac Wins Iraq Contract with KOGAS

UK-based Petrofac has been awarded a Front End Engineering Design (FEED) modification contract for the KOGAS AKKAS B.V. Nasiriya Gas Treatment Plant (GTP) in southern Iraq. Petrofac’s scope of work includes the modification and application of an existing field design to meet the needs of the Nasiriya GTP, and an estimation for the engineering, procurement […]

Iraq is Iran’s 2nd Biggest Non-Oil Customer

By John Lee. Iran’s Trade Promotion Organization (TPOI) has issued data showing that five countries — China, Iraq, UAE, South Korea and India — accounted for 68.7 percent of Iran’s total non-oil exports in the first five months of the current Iranian fiscal year (March 20-Aug. 22). Its non-oil exports (including gas condensate) fell 5 percent […]

S. Korea to Train Public Employees in Iraq

KRG Prime Minister Nechirvan Barzani received Mr. Park Young-Kyu, the Consul General of Korea, and his accompanying delegation, in Erbil. Mr. Park conveyed a letter from Mr. Moon Jae-In, President of the Republic of Korea, inviting stronger relations between Erbil and Seoul. He expressed Korea’s readiness to cooperate with the Kurdistan Region on technology development and […]

LG opens Biggest Overseas Brand Shop in Iraq

By John Lee. South Korean electronics maker LG Electronics has reportedly opened its largest overseas brand shop in Iraq. The two-floor shop covers 870 square meters in the main commercial district of Erbil. Around 200 government and media officials attended an opening ceremony, according to a report from Nation Multimedia. (Source: Nation Multimedia)

Korea wins $100m Contract for Vote-Counting Machines

By John Lee. South Korea’s Miru Systems has signed a $100-million deal to supply vote-counting machines to Iraq’s Independent High Electoral Commission (IHEC). According to a report from Yonhap, Baghdad is reportedly considering using Miru’s vote-counting equipment and solutions in the September local elections for the first time, ahead of a parliamentary vote planned for next […]

S. Korea Eager to Support Iraq

By John Lee. Prime Minister Haider Al-Abadi has received in his office the South Korea Minister of Land, Infrastructure and Transport, Kang Hoin, and his delegation, to discuss cooperation in transportation, training, energy and infrastructure. Minister Hion expressed his eagerness to support Iraq in its post-Daesh development program, adding that because South Korea has the […]

S Korea keen to Improve Ties with Iraq

By John Lee. South Korea’s Acting President and Prime Minister has asked for Iraq’s cooperation in bolstering economic cooperation. During a meeting with Iraq’s Foreign Minister Ibrahim Al-Jaafari in Seoul on Monday, Hwang Kyo-ahn (pictured) said: “The two countries have developed their cooperative ties based on a long history of cooperation and a mutually complementary […]

Hanwha receives $560m for Bismaya Project

Korean firm Hanwha Engineering and Construction received about $560 million in construction fees last week from the Iraqi government for its ongoing new city project, the company said on Monday. The company has been building the 1,830-hectare new city Bismayah, 10 kilometers southeast of Baghdad, an $8-billion contract signed in 2012. The two parties agreed […]

South Oil Company takes over Oxy’s stake in Zubair

By John Lee. The South Oil Company (SOC) has officially taken over the stake in the Zubair oil field formerly held by US-based Occidental Petroleum, which has withdrawn from the project. Repressentatives of Italy’s Eni and the Korea Gas Corporation (KOGAS) signed the agreement along with the Ministry of Oil. Mr. Laith Al-Shaher, the director general […]

KNOC drops Sangaw South Project

By John Lee. The Korea National Oil Corporation (KNOC) is to withdraw from the Sangaw South oil field project in Iraqi Kurdistan. A spokesman for the company told Reuters that exploration results were “uneconomic.” A Korean consortium headed by KNOC holds 60 percent of the project, with half of that owned by KNOC. KNOC has […]

KRG Minister concludes Official Visit to Korea

KRG Minister of Foreign Relations concluded a three-day visit to the Republic of Korea. The aim of the visit, which was upon the invitation of the Korean Ministry of Foreign Affairs, was to review the existing cooperation and exchange views on further broadening bilateral ties. In his visit to the Korean National Defense Ministry, Minister […]