Iraq's State Oil Marketing Company (SOMO) has issued a tender for 2,600 tonnes of gas-oil for the Ministry of Electricity. Bids will be accepted until 12:00 on 20 December, 2010, Baghdad time. Please click here to download the English tender document ... ... and here to download the document in Arabic.
The Swedish ambassador in Iraq visited Basra on Thursday to discuss cooperation in business and investment. Basra's governor, Sheltag Abboud Mayah, told AKnews, that the Swedish delegation to Basra came after his visit to the Swedish government to promote cooperation between the two countries. “Opening the Swedish consulate in Basra ... means opening investment opportunities” […]
Over the coming week terrorists are likely to attack Shi’ah worshippers marking the religious period of al-‘Ashura. Many pilgrims will travel to the holy city of Karbala for the event, which culminates on 17 December and has seen numerous bouts of violence in recent years. Security will be tighter than normal, but roadside attacks against […]
While Turkey is undoubtedly the country with the most companies operating in Iraq -- 270 of them, according to this recent report -- it is France that clearly takes the prize for the most active of Iraq's non-bordering countries. Iraq's National Investment Commission (NIC) says there are 123 French companies with operations in the country, […]
Azzaman reports that the Iraqi government has earmarked $10 billion for the redevelopment of the low-income township, Sadr City, in Baghdad. The project, which will take 10 years to be completed is one of the largest housing schemes in the Middle East, according to Baghdad Mayor Saber al-Aysawi. Aysawi said the huge project will solve […]
An adviser to the Iraqi Central Bank said on Wednesday that the 2011 budget will result in economic growth of 10%. Muzher Mohammed told AKnews that the 2011 budget in its present state is one of the best Iraqi budgets since 2003 as it will increase the country's economic output by 10%, and it will […]
Eni SpA and its partners, Missan Oil Company, Occidental Petroleum, and Korea Gas Corp (KOGAS), have reached a key production target at Iraq's Zubair oil field. Production at the field near the city of Basra has increased to 201,000 barrels a day from 183,000 when Eni and its partners took over management of the field […]
The Kurdistan Regional Government (KRG) last week inaugurated a new representation office in Spain. Mr Daban Shadala, the KRG’s Representative, hosted the inauguration at the new office in central Madrid. Mr Shadala welcomed guests including Dr Ziyad Khalid, Iraq’s Ambassador to Spain, Spain’s Honorary Consul in the Kurdistan Region, representatives from the autonomous regions of […]
Najaf's provincial council confirmed that it has been given final approval to get a loan of ID 47 Billion [$40m] for the province to buy new electricity generators to be run by Najaf's citizens. A source in the province told the National Media Center that generators will be distributed to jobless citizens with guaranties to […]
A total of 170 projects have been implemented in Maysan [Missan] at a cost of 85 billion dinars [$73m] during 2010, according to a director of the financial department of the Maysan Council. “Missan has implemented 170 projects in the public sector, health and education sectors at a cost of 85.520 billion dinars,” Abd Ali […]
The French ambassador to Baghdad, Boris Bouillon (pictured), has met the governor of Anbar and the chairman of its council to discuss ways of enhancing trade and investment in the region, expressing France’s willingness to open a consulate in the province. The French ambassador, heading a delegation of French businessmen, described his visit to Anbar […]
The first of three new refineries in Iraq’s northern Kurdistan is expected to start selling petrol for the first time next week. The 98-octane gasoline will be sold to petrol stations in the semi-autonomous region, Ali Hussein Ballo, a consultant at the natural resources ministry said in a telephone interview with Bloomberg. The Khabat refinery, […]
