International oil services firm Schlumberger has won a contract from a consortium led by US oil major ExxonMobil to drill 15 new wells in Iraq's West Qurna Phase One oilfield, Reuters has reported, citing an industry source familiar with the matter. Ame Info reports that the new wells are part of the consortium's plan to […]
Iraqis are now officially allowed to transfer up to $50,000 [60 million Iraq dinars] per transaction in hard cash across the world, the Central Bank says. According to a report from Azzaman, the decision follows restrictions on hard cash transfers under which Iraqi banks and exchange offices were obliged to declare to the tax authorities […]
Hundreds of employees of Iraq’s state-owned South Oil Company have gone on strike in Basra city on Monday, demanding improvement of their living standards and salaries, and the formation of integrity committees to uncover the financial and administrative corruption in the Company. A trade union activist told Aswat al-Iraq news agency that the demonstrators have […]
Overview Levels of violence rose in Iraq over the past week, mainly in the centre of the country, throughout the capital, in the east of Anbar province and the west of Diyala province. Other hotspots included Mosul, Kirkuk, Diwaniyah, Hillah and even Karbala and Basrah. Kurdistan remained largely quiet, although the risk of unexploded ordnance […]
The oil Projects Company (SCOP) announces supply of four horizontal boring machine with Spare Parts. The tender documents may be collected (by an authorized representative of the tenderer) at SCOP's headquarter in Baghdad against the cash payment , non-refundable, of ID 750.000 Please note that the materials should be Americans. Please click on this link for […]
Wassit local government has signed a memorandum of understanding with the Indian company BHEL (Bharat Heavy Electricals Limited) to build a 500 MW power station, according to a report from Aswat al-Iraq. Taha Rudaini, a member of the local government's Media Committee, told the news agency that the station will be powered by diesel (black […]
Nineveh signed more reconstruction project contracts with international firms in the past financial year than any other Iraqi province, said the provincial governor on Sunday. Athiel al-Nujaifi told AKnews that a total of 44 companies from around the have undertaken major reconstruction projects in the province in the fields of tourism, industry, public services and […]
A bid from an Emirati company to invest in one of Basra’s oil refineries to boost domestic production has won the support of the Basra Investment Commission. Haider Ali Fadel, chairman of the Commission, told AKnews on Monday that the Bin Khalid Group’s bid to increase the refinery’s production capacity to around 300,000 barrels per […]
The foundation stone was laid for a new $10m [12 billion Iraqi dinar] commercial complex and shopping centre in Erbil on Sunday. Samir Abdullah, Minister of Municipalities and Tourism of the Government of the Kurdistan Region, emphasised the importance of Kuwaiti investments in the region. Nasser Al Sayer, Chairman of the Kuwait Al-Sayer Group of […]
The Basra Investment Commission announced that it has received an offer to build 5,280 housing units in the “New Basra” City at a cost of $939 million [1100 billion Iraqi dinars]. The offer came from the al-Saqr al-Jareh [al-Saqar al-Jareh] company, whose director general, Sarah Hameed Meran, said, "The project plan includes the construction of […]
The planned single-track rail link between Iraq and Jordan will boast an annual cargo capacity of 6 million tons, an Iraqi Transport Ministry spokesman said on Sunday. Jawad al Kharsan told AKnews that initial technical and economic feasibility studies into the rail project had been conducted by both countries. He explained that talks between a […]
Iraq's Missan Oil Company has said it has formed a committee to compensate the farmers whose agricultural areas fell within the Halfaya Oil Field, east of its Amara city. “In response to the approval of the Oil Minister and the instructions of Missan Oil Company’s Director-General, a committee was formed to carry out field inspection […]
