National Investment Commission (NIC) announced at the end of March that the country plans to invest around US$150bn in infrastructure projects over the next 15 years.
US$150bn to be invested in infrastructure
Archive | 2010
IMF deal sees smaller civil service
The main performance criteria is to hold constant recurrent expenditure in the 2011 and 2012 federal budgets, in nominal terms so that it falls to 57% (from 70%)of GDP by 2012.
Tags: IMF, World Bank
BP expects a 50% increase in Rumaileh oil production by the start of next year
"The delegation of the British company announced that the production of oil from Rumaileh field will increase by about 10% at the end of the year, while the rate will increase to about 50% at the beginning of next year
Iraqi Oil Ministry Sets 2014-15 Targets for Crude and Gas Output
The Oil Ministry now specifying (in a document on its Web site) that by late 2014 its overall production capacity should have already almost doubled from today's 2.4 million b/d.
Tags: Ministry of Oil
Basra expects big participation at oil fair
The fair, which will be held between Nov. 25 and Nov. 28, aims to enhance the war-torn country's economic development, while focusing on Iraq's contribution to the future world energy supply.
Tags: Basra News, Exhibitions
Kuwait’s action toward Iraq Airlines has negative effect on bilateral relations
Transport Minister, Amer Abdul Jabar, expressed regret over Kuwaiti authorities’ pressure on Iraq over the Iraqi Airways debts.
Tags: Iraqi Airways, Kuwait
Iraq to Launch 3rd Gas Field Auction
"The product of these fields will initially be used to supply electricity stations and for other domestic needs, with the rest to be exported. The ministry hopes that Iraq will reach the level of other gas producers in the region."
Iraq Takes Extra Security Measures to Protect Oil Fields
Iraq has begun implementing extra security measures to protect oil fields in and around the south-eastern city of Basra, security sources announced on Wednesday.
Tags: pipeline
Transportation Signed a Joint Venture Contract with France for Operating a Pier at Basrah Port
Iraqi General Company for Ports signed a joint venture contract with French company CMA to establish a terminal container and berth No.4 in Umm Qasr port for three years.
KBR Gets No-bid Contract to Support Army in Iraq
KBR, the Army's largest contractor in Iraq, was picked for a no-bid contract worth as much as $568 million through 2011 for military support services in Iraq, according to Army officials.
Tags: KBR Inc
TNK-BP and IOCOI Establish a Joint Venture to Develop Fields in Iraq
TNK-BP Holding and Iraq Oil Company for Oil Investments (IOCOI) have signed an agreement to establish a joint venture aimed at identifying potential projects to acquire, develop and operate oil and gas fields on the territory of Iraq.
Kirkuk Governor Lays Foundation Stone for Club Project
The governor of Kirkuk on Thursday laid the foundation stone for the al-Shurja youth club in the northern part of the city at a cost of 3.760 billion Iraqi dinars, according to the province’s information director. “Governor Abdulrahman Mostafa laid a cornerstone for the club in Shurja to be carried out by the youths & […]