A Canadian firm is investing $299 million in 5,000 housing units in Baghdad. “The units will comprise a complete town including all the related services,” the Baghdad Investment Commission said in a release on Monday received by Aswat al-Iraq news agency. It said that at least 20 thousand people will live there. ( Aswat Al […]
Archive | 2010
Iraq Middle Oil Fields Output to Reach 400,000 Bpd
The Ministry of Oil will decouple some directorates from the Ministry and annex the same to Naft Al Wassat Company in order to speed up establishing the company and to decrease the pressure faced by the SOC, MOC.
Tags: Middle Oil Company
Turkey State Owned Oil Company Presents Bids to Develop Iraq Natural Gas Fields
Turkey state Owned Oil Company said that the company intends to offer bids in order to develop Akas, Al Mansouriah and Siba for natural gas in Iraq.
Etihad to Start Flights to Iraq
Etihad Airways will become the first UAE carrier to fly direct to Iraq, from April 26
Carrefour to Open Its First Iraq Store in Erbil
Renowned French hypermarket chain Carrefour will open its first Iraq store by the end of 2010 in Kurdistan Region under license from the United Arab Emirates franchise
Iraq Announces New Gas Tenders
(Source: Petroleumworld.com) Iraq Prepares New Gas Field Licensing, Cuts Oilfield Signatory Bonuses Retroactively Iraq's Oil Ministry has released plans to tender three gas fields—previously part of the first and second licensing rounds—to 15 invited companies and has named Shell, Total, and KOGAS as frontrunners, while also confirming that signatory bonuses for the renegotiated West Qurna-1 […]
New Financing Arrangements Help Expand Internet Access
Iraqi internet service provider FastIraq is to connect more than 100,000 homes and offices to the internet, following the arrangement of funding with Dar Es Salaam Investment Bank (“DES”). FastIraq was advised by Northern Gulf Partners (“NGP”), which secured finance based on projected cash-flow; this is a significant departure from the traditional requirement to secure […]
Romania Offers 10 Scholarships to Iraq
The Romanian government has offered the Iraqi Ministry of Higher Education 10 graduate scholarships. “There are three scholarships to earn a masters degree, and seven to earn the doctorate grade,” the Ministry said in a release on Sunday received by Aswat al-Iraq news agency. It explained that the scholarships embrace the fields of biotechnology, medical […]
2 Sewage Projects in Karbala Worth ID2b
Two sanitary sewage projects were finalized in the district of al-Hindiya, eastern Karbala, at a total cost of nearly two billion Iraqi dinars (roughly $1.6 million), a local service official said on Sunday. “Two local firms finalized two projects for sewerage in al-Hindiya, (20 km) northern Karbala, at a cost of 1.994 billion Iraqi dinars,” […]
Iraq Ministry of Oil to Open New Production Unit in Dawra Refinery
Iraq Ministry of Oil said that it is about to open a new production unit in Al Dawra refinery south Baghdad in order to answer the needs of the capital.
Pending Oil Issues with Kurdistan to Be Resolved .......soon
All pending oil problems with the Kurdistan region will be resolved soon, the official spokesman for the Iraqi Oil Ministry said.
Tags: Kurdistan News
Petronas Recruiting Hundreds of Staff for Four Iraqi Projects
Malaysia's Petroliam Nasional Bhd, or Petronas, has started recruiting hundreds of Iraqis for four oil projects the company won during Iraq's second licensing auction in December.