The Swedish Embassy in Iraq has announced that Scania trucks will open a regional branch in Basra. Another Swedish company specialising in building power stations will also open an office n the province. Iraq Business News expects the company in question is ABB. The regional government said it was ready to offer all necessary facilities […]
Australian engineering contractor WorleyParsons (WOR.AU) has won a contract to carry out engineering and design work at BP's giant Rumaila oilfield in southern Iraq. Sources familiar with the deal said the front-end engineering and design (FEED) contract was awarded to WorleyParsons by the consortium which includes Iraq's state-run South Oil Company, BP and China National […]
The United States Forces-Iraq and Iraqi Army has signed a document transferring ownership of areas at Camp Taji known as “The Triangle” and “North Side”. The areas encompass more than $43 million in property and equipment – 218 buildings, more than 1,000 Containerized Housing Units, and more than 10,000 pieces of equipment. With this transfer […]
Basra Oil & Gas Conference 2010 was held on 26th and 27th of November with the participation of 184 delegates under the theme of “Iraq Effectively Contributes to Future World Energy Supply”. Attending companies, institutions, universities, and individual delegates were exposed to the present and future status of Iraq’s oil industry, world energy supply and […]
U.S. Army Corps of Engineers Gulf Region District soldiers and civilians help the people of Iraq everyday through the construction of quality hospitals, schools, water treatment facilities, security facilities and infrastructure projects. But, recently, the USACE Southern Area Office (SAO) implemented a program that will help the Iraqi’s in a different way – by providing […]
U.S. investors and other foreign companies continue to shy away from investing in Afghanistan and Iraq because of security and infrastructure problems as well as government corruption, a critical shortcoming in the two countries' efforts to grow their economies and increase stability. "Security is essential to economic and business development," said Ethan B. Kapstein, a […]
Expected Council Action The US (Council president in December) has scheduled a high profile meeting of the Council on Iraq on 15 December. US Vice President Joseph Biden is expected to chair the meeting. It was unclear at time of writing at what level other Council members would participate. It seems that the rationale for […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices for its Basra Light and Kirkuk crude grades for January. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); Shipments to […]
According to a report from Reuters, Turkish clothing and beer are hot sellers in the streets of Erbil, the capital of Iraq's Kurdish north, while in the South, Iranian cars roam the streets of Basra and Iranian pilgrims flock to Iraq's holy sites. Sunni Ankara and Shi'ite Tehran, old rivals turned friends, are vying for […]
U.S.-led efforts in Iraq have cleared more than 190 million square feet of land from unexploded ordnance, the U.S. State Department said. The State Department said Iraq is near the top when it comes to nations plagued with land mines and unexploded ordnance. Most of those, the department said, are the consequence of more than […]
Kuwaiti Logistics firm Agility has not received an official offer from France Telecom for its stake in Iraq's Korek Telecom, but welcomes any, its chairman said in published remarks on Thursday, according to Reuters. "Exiting is possible if the company receives a suitable price level that results in good revenue," Tarek Sultan told Kuwaiti daily […]
A multi-billion-dollar gas deal between Iraq and Royal Dutch Shell will be presented for ratification to the new cabinet once it has been formed, Iraq's Oil Minister said. "We are still negotiating the contract," Hussain Al Shahristani said after a graduation ceremony for the oil police, according to a report from Trade Arabia. The $12 […]
