Archive | 25th July 2011

Iraq, Iran, Syria Sign $10 billion Gas Deal

The Iranian Shana news agency reports that senior oil officials from Iran, Iraq and Syria have signed a trilateral deal on gas trade in Iran on Monday. The deal, reportedly worth 10 billion dollars [12 trillion Iraqi dinars] involves the construction of a 5,000-kilometer (3,100-mile) pipeline to transfer Iran’s gas from the South Pars gas […]

Iraqi Crackdown on Foreign Workers Criticised

This article was written by Hazim al-Sharaa, and was originally published by the Institute for War and Peace Reporting, It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The ministry of labour has drawn criticism […]

US Wastes $34bn in Afghan and Iraqi Contracting

Reuters reports that the United States has wasted $34 billion [40 trillion Iraqi dinars] on service contracts with the private sector in the wars in Iraq and Afghanistan, according to a study being finalized for Congress. The findings by a bipartisan congressional commission were confirmed to Reuters by a person familiar with the draft of […]

Agricultural Oases to Tackle Desertification

The agriculture ministry has started work on a project to create green oases in various parts of the country as a way to combat a increasing desertification due to water shortages, according to a report from AKnews. The oases will be planted with palm trees and cultivated for agricultural purpose with irritation from wells. The […]

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New Schlumberger CEO has Big Plans for Iraq

Schlumberger's incoming CEO, Paal Kibsgaard, has big plans for the company's business in Iraq. The 43-year-old Norwegian, who will take over as chief executive on 1st August, is currently Chief Operating Officer of the company, having begun his career with ExxonMobil in 1992. He will succeed Andrew Gould, who again reiterated that Iraq is a […]

Production at Al-Ahdab reaches 60,000 bpd

The governor of Iraq's Wasit [Wassit] province, Mahdy al-Zubaidy, has announced that production at the al-Ahdab oilfield has reached 60,000 barrels per day (bpd). According to a report from Bloomberg, he went on to say that the field’s output capacity will increase to 120,000 bpd by the end of the year, while Oil Minister Abdul […]

Iran 'Promises to Increase River Flow into Iraq"

Iranian officials have promised to allow more water to flow down the Wand River [Alwand River, Hulwan River] into Iraq from Monday, according to AKnews on Sunday. Salam Abdullah, the spokesman for a group of campaigning water activists said: “Iran has promised to completely open the flow of the river by Monday.” It is not […]

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Practical Lessons in Selling to the Iraqi South Oil Company

By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. This article was originally published on the Emerging Economics blog. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. We have been working with a substantial international company in Iraq […]

مشروع إعادة تأهيل الطرق في حالات الطوارئ

طلب التعبير عن الفائدة (الخدمات الاستشارية) جمهورية العراق وزارة البناء والاسكان لجنة الدولة للطرق والكباري مشروع إعادة تأهيل الطرق في حالات الطوارئ (ERRP) معرف المشروع رقم P087735 -- المؤسسة الدولية للتنمية الائتمان رقم 42120 تطوير نظام لإدارة الأصول الطريق ، وإعداد برنامج إعادة تأهيل الطرق والتصاميم التفصيلية لاختيار المشاريع ذات الأولوية لإعادة تأهيل الطرق وقد […]

US Approves Grant for Basra Refinery Feasibility Study

On July 21, U.S. Consul General Piper Campbell, on behalf of the U.S. Trade and Development Agency, signed an agreement with the Director General of the South Refineries Company, Mr. Abdul Hussein Nasir Qasim, which grants $502,798 to the SRC to conduct a feasibility study for the rehabilitation of its Basrah refinery. This rehabilitation will […]

Egyptian Consulate Hosts National Day in Erbil

Egypt’s Consul in Erbil on Wednesday hosted the first ever Egyptian National Day reception in the Kurdistan Region of Iraq. The consulate, which was opened late last year, has paved the way for closer ties in many areas and is working to start Egypt Air flights between Cairo and Erbil in the near future. In […]

Kuwaiti-Funded School Opens in Erbil

A new school funded by the Kuwaiti government was opened in Erbil on Sunday. AKnews reports that the school, which is one of the seven schools that Kuwait plans to construct across Iraq to assist education in the country, was built at a cost of $2.5 million [3 billion Iraqi dinars]. It is located in […]