Tag Archives | Switzerland

Panalpina wins major Iraq Contract

Panalpina, the Swiss-based provider of supply chain solutions, has won what it describes as its “largest award with a specific oil and gas major to date”. The company was awarded with a contract to manage transportation for a gas project in Iraq, for a minimum of five years, involve high air and LCL (less than […]

Switzerland sells $98m Encrypted Telephones to Iraq

By John Lee. Switzerland last year authorised a $98-million order for the sale of encrypted telephones to Iraq, according to a report from Swissinfo. The devices, which could be used for both civilian or military purposes, were received by an Iraqi civilian government ministry. They can be disabled remotely if they fall into the wrong hands. […]

New Oil Bidding Round Postponed to Mid-2017

By John Lee. The Ministry of Oil is to postpone a bidding round for 12 small- and medium-sized oil fields, following criticism of the plans by experts including IBN Expert Blogger Ahmed Mousa Jiyad. In a statement, the Ministry’s Petroleum Contracts and Licensing Directorate (PCLD) said: “Following to the previous Ministry of Oil Announcement dated […]

New Oil Development Opportunities in Iraq

By John Lee. Iraq’s Ministry of Oil has requested proposals from international oil companies interestsed in developing a number of small- and medium-sized oil fields. The fields concerned are: Sindebad (Basra governorate); Umm Qasr [Um Qaser] (Basra governorate); Rachi (Basra governorate); Abu Khema (Basra governorate); Kumait (Missan governorate); Noor (Missan governorate); Umara (Missan governorate); Dema […]

ABB wins $100m Order Supporting Iraq Power Infrastructure

Switzerland’s ABB has won an order worth around $100 million from Mass Global Holding to deliver a gas-insulated switchgear (GIS) substation that will help integrate 3,000 megawatts (MW) of electricity generated by a combined cycle power plant, utilizing Iraq’s natural gas resources. The government is rebuilding the country, investing in national housing programs and has […]

Total, Vitol Fined in Iraq Oil-For-Food Case

By John Lee. French oil company Total and Swiss oil-trading company Vitol have been fined for corruption by a French court in relation to Iraq’s oil-for-food program. According to Bloomberg, Total was guilty of corrupting foreign civil servants, and has been fined EUR 750,000, while Vitol has been fined EUR 300,000. Other corruption charges against Total […]