The United States hopes the U.N. Security Council will lift restrictions on the import of nuclear technology to Iraq, even though Baghdad has not ratified a U.N. agreement on tough atomic inspections, according to a report from Reuters. At a meeting on Wednesday to be chaired by U.S. Vice President Joe Biden, the 15-nation Security […]
The Kurdistan Region’s Minister for Commerce and Industry has said that a new Turkish- Iraqi border crossing point is needed to reduce the traffic at the Ibrahim Khalil [Ibrahim al Khalil] gate, according to AKnews. The Ibrahim Khalil crossing (pictured) is the only official route connecting the Kurdistan Region to Turkey, and hundreds of trucks […]
The Defense Department is being forced to extend multimillion-dollar contracts for services in Iraq, including one with a firm under criminal indictment, because losing bidders have legally challenged the companies selected as replacements, according to a report from the Washington Post. The Kuwaiti firm Agility, charged in November 2009 with overbilling food contracts worth $8.5 […]
USAID-Tijara’s Inclusive Financial Services Stakeholders’ Conference began with a pledge to provide greater financial services to people living below Iraq’s poverty line of $2.20 a day and ended with a celebration of innovative loan products that have created or sustained 203,500 jobs since 2003. Participants at the Nov. 28-30 symposium in Erbil debated new Iraqi […]
Iraq's Ministry of Oil has announced that it has extended the deadline for the submission of bids for the supply of pipefittings, valves, and accessories to its Karbala depot. Bids will now be accepted up to 28th December, 2010. Original tender document Details of extension to deadline
The Iraqi State Foodstuffs Company has just issued new tenders for the supply of various food products. Please click on the items below for details: Vegetable Ghee Sunflower Oil Baby Milk Powder In parallel, the Grain Board has issued tenders for the supply of 100,000 tonnes of wheat and 30,000 tonnes of rice: Wheat Rice
Scottish engineer Weir Group (LSE: WEIR) has agreed to plead guilty to two charges of breaching UN sanctions in connection with a number of UN sanctioned Oil for Food programme contracts awarded between 2000 and 2002. Following the guilty plea, the Company will be subject to a confiscation order in respect of its benefit from […]
Rumours continue to fly regarding the fate of Heritage Oil (LSE: HOIL), the oil explorer with operations in Iraqi Kurdistan (pictured), which is said to be the target of takeover bid. The British Daily Mail newspaper reported last week that Malaysia’s state-owned oil and gas company, Petronas, was interested in the company, but Petronas denied […]
We reported last week on the multi-billion dollar tender process to re-build Sadr City in Baghdad; we can now report that the contract has been won by a consortium of Turkish companies. The project involves the construction of a modern city of 75,000 housing units to accommodate up to 600,000 people, and the group offered […]
Basra Council has formed a committee to monitor progress of the building work on Basra's new Sports City, which is hoped to host the 21st Gulf Cup of Nations soccer tournament in 2013. The media director of the council, Hashem Liyabi, told AKnews, that the decision came after getting the official approval to hold the […]
The Iraqi government has asked for bids to build four large power plants in southern Iraqi governorates that could boost its power generating capacity by 2,750 megawatts, a spokesman for the electricity ministry, Mussab al-Mudaris, said on Monday. "The ministry will announce provisions of new tenders to build four gas power stations during a roadshow […]
The development of Halfaya oilfield in southern Iraq’s Maysan province shall insure enough gas for Kahla’a power station, according to the Director-General of Missan Oil Company, who said that the gas produced from the oil field would exceed 60 million cubic feet. “The development of the Halfaya field shall secure the needs of the Kahlaa […]
