Tag Archives | South Korea

New Power Plant inaugurated in Sulaymaniyah

Kurdistan Regional Government Prime Minister Nechirvan Barzani inaugurated a new power station in Sulaymaniyah. In a speech during the ceremony, Prime Minister Barzani thanked South Korea for helping build the plant, which generates 400 KV electric power.   He also said that despite major challenges, the KRG has taken serious steps ahead, and it allocated significant […]

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Iraq Plans to take over Mansuriyah Gas Field

By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) as ordered Iraq’s state-owned oil companies to devise an urgent plan to develop the Mansuriyah (Mansouriya) gas field, following what he described as the delay and the failure of foreign companies to start developing the field. The field, in Diyala province, was awarded in […]

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Hanwha receives $230m Payment for Bismaya

By John Lee. South Korea’s Hanwha Engineering and Construction (E&C) has said it haws received an additional payment of $230 million from the Iraqi government for work carried out in the first half of this year on the Bismayah New City project in Baghdad. According to the report from Business Korea, the total contract is […]

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Iraq may build Oil Storage in Japan, South Korea

By John Lee. Reuters reports that Iraq is studying the possibility of building crude oil storage facilities in South Korea and Japan. Alaa al-Yasiri, head of the State Oil Marketing Organization (SOMO), said the move is part of a plan to increase sales to Asian clients: “SOMO’s new strategy is to form trade arms in […]

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Hanwha briefs PM on Progress at Bismaya Housing Complex

By John Lee. Prime Minister Haider Al-Abadi has received a delegation from Korean company Hanwha, headed by its President and CEO, Choi Kwang-ho. During the meeting, they discussed the progress at the Basmaya housing complex near Baghdad, with the Prime Minister stressing the importance of securing the road link between the residential complex and the center […]

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Modernization of Public Administration “is KRG priority”

KRG Prime Minister Nechirvan Barzani inaugurated the new building of Kurdistan Institute of Public Administration (KIPA) on Tuesday. In a speech, Prime Minister Barzani stated, he hopes that KIPA “will continue to work diligently to provide the much needed services of building the capacities of Kurdistan Regional Government’s civil servants.” Below is the transcript of […]

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KOGAS Recoups Investment in Zubair

By John Lee. The state-owned Korea Gas Corporation (KOGAS) has said that it has recouped its $2.49 billion investment in the Zubair oil field in southern Iraq. According to a report from Yonhap, the company has recovered $2.53 million as of December, which exceeds its initial outlay. The oilfield is currently producing around 360,000 barrels […]

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South Korea Provides Food for Syrian Refugees in Iraq

The United Nations World Food Programme (WFP) welcomed a contribution of US$1.5 million from the Republic of Korea that will provide food assistance for some 30,000 vulnerable Syrian refugees in the Kurdistan Region of Iraq for two months. Song Woong-Yeob (pictured), Ambassador of the Republic of Korea to Iraq, said: “In the aftermath of conflict, […]

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Korea’s Support is Helping Iraqi Returnees

The Government of the Republic of Korea and the United Nations Development Programme (UNDP) signed a partnership agreement today for US$4 million to support stabilization and recovery in newly liberated areas in Iraq. Korea’s contribution will be channeled through UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas retaken from ISIL. This is […]

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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 […]

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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 […]

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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 […]

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