Iraq exported less crude in March than in the previous month because of faults due to poor weather, an Oil Ministry official said. "Exports were a bit less than in February because of technical reasons mainly linked to bad weather," Falah al-Amri, head of the State Oil Marketing Organization, said by telephone today. Al-Amri declined […]
Archive | 2010
Did Big Oil Win the War in Iraq?
Before the United States and Britain invaded Iraq in March 2003, their oil companies were shut out of oil-production contracts being negotiated by the government of Saddam Hussein. Today, more than six years of war later, Saddam is gone, and the U.S. and British oil companies are not only in on the oil contracts, they […]
Iraq's Overly Optimistic Oil Plans
The article takes a look at the energy prospects in Iraq, whose government aims to more than double oil production in the coming five years. While security and political constraints abound, production is inching up in Iraq, and recipients of 2009 oil-servicing contracts are beginning operations. Severe infrastructure shortfalls remain, however, and the pressure to […]
OPEC Compliance Falls to 50%
Total OPEC supply rose 40,000 bpd to 29.25 mbpd, with Nigerian output jumping by more than 100,000 bpd as domestic refineries resumed production.
Iraq Ministry of Transportation Lays the Foundation of Al Fao Great Port
The construction cost of this port is of 4.3 million euros and the first stage thereof will be implemented by an Italian company. The first stage is expected to end in 3 years maximum and the development thereof is expected to last till 2028.
Capacity Building for Iraqi Public Sector
A team of World Bank specialists from the Middle East and North Africa (MENA) Region launched an intensive multi-sector capacity building program for Iraqi public sector officials to enhance their knowledge and skills for more effective implementation of development projects.
Gulf Air to Launch 2 New Routes to Iraq
Samer Majali, CEO of Bahrain's national carrier Gulf Air, has announced that the city of Suleimaniya in Iraq's Kurdistan region will become the carrier's second destination in the country by the end of 2010, Kurdish Globe has reported. The carrier also plans to fly to the southern port city of Basra by the end of […]
Tags: Aircraft, Transportation
Karbala’s River Lining Project Opened
The governor of Karbala has inaugurated a river lining project in the province at a total cost of 1.6 million Iraqi dinars (ID). Work on the project took nearly 10 months, Eng. Amal al-Din al-Hir told Aswat al-Iraq news agency. The project, which has been carried out by a local company, aims to reduce the […]
Tags: Public Works, Waste Water
Iran to Set Up Exclusive Expo in Iraq
Iran's first exclusive fair in Iraq's city of Najaf will kick off on April 14, Iran's commercial attaché to Iraq said. The Islamic Republic of Iran Broadcasting quoted Mehdi Nejatnia as saying that 53 Iranian firms will showcase their latest products and achievements in the fields of food, agriculture, technical and engineering, trade, and medical […]
Tags: Industry & Trade, Iran
ISX Index Down by 0.7%, Closes at 92.7 Points Sunday
The Iraqi Stock Exchange (ISX) index went down by 0.7% to close at 92.7 points as trading took place on Sunday over shares of 29 out of a total of 82 electronically-registered firms. Shares of four companies went up, 14 down while 11 others retained their previous rates. The number of shares traded hit 279.555 […]
174 Permits granted for New Industrial Projects
A National press center authorized resource said that the projects were granted 28 billions, 456 million dinars. He added "the projects cover many different industrial, wooden ,paper , chemical, plastics, construction, basic metal, fabricated metal manufacturing and textile sectors." He pointed "DGID granted 23 certificates to complete the establishment of industrial, condition complied, projects." While […]
Tags: Industry & Trade
Ministry Plans 200 Low-cost Houses
The ministry disclosed the plans of building 200 low-cost houses in Karbala province, cooperating with Red-Crescent Association. A statement from the national media center confirmed that the minister, Riadh Ghereeb, and Red-Crescent Association chairman, Yasin Al-mamoory, are discussing the building of these houses in Karbala. The source pointed out that starting a small village is […]