Sonoro Energy Ltd has announced that it has now received an investment permit from the provincial governorate of Salah ad Din [Salahadin, Salahaddin] allowing the Company to proceed with its asphalt (heavy oil) project. This permit allows Sonoro to immediately commence operations and allows for the importation of necessary equipment and personnel. Finally, this permit […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Reuters reports that Iraq's electricity ministry has signed a $1 billion [1.2 trillion Iraqi dinars] deal with China's Shanghai Electric on Monday to nearly double the size of a power plant south of Baghdad. The plant in the town of Zubaidiya was initially intended to have four 330 MW generators, giving a total capacity of […]
Iraq's Oil Pipelines Company has issued a tender for the supply of 35 km of pre-coated oil pipelines of various sizes. The deadline for the receipt of bids is 12 noon on 17th May. Please click here to download details.
Iraq has set a deadline of 19th May for international oil companies (IOCs) to register to compete for the fourth oil bidding round, scheduled to be held later this year. Please click here to download the pre-qualification form. According to Dow Jones, Iraq had pre-qualified around 45 international companies for its three bidding rounds held […]
Dana Gas, the UAE-headquartered gas company with operations in Iraqi Kurdistan (pictured), may be about to list its shares on the London Stock Exchange. According to a report from Reuters, the the company said the listing will provide a wider investor base and boost share value. Bloomberg, on the other hand, says Dana has yet […]
According to a report from Azzaman, the Province of Najaf is to build 10,000 flats to house school teachers as part of a new policy to upgrade education in schools across the province. Governor Adnan al-Zarqai said his local administration has decided to place more emphasis on developing all aspects of education in the province. […]
Iraqi Prime Minister Nuri al-Maliki will visit South Korea next Wednesday for talks with South Korean President Lee Myung-bak over expanding bilateral cooperation, Lee' s office said Thursday. The two leaders are expected to hold substantive discussions on mutual economic cooperation at the summit talks on April 28, as South Korea has technology and experience […]
The Governorate of Diyala has announced that it has formed a committee in order to study bids submitted by foreign investment companies intending to invest in the fields of accommodation, energy and infrastructure. In the last few months many international investment companies have considered investing in Diyala. “Diyala Governor Abdul Nasser Al Mahdawi received at […]
The governorate of Salahaddin province said on Tuesday that representatives from Swedish and Turkish companies have met with senior council officials to discuss the implementation of a variety of strategic investment projects in the province. Salahaddin Governor’s first deputy, Ahmed Abdul-Jabbar al-Karim, told AKnews that the companies concerned specialize in 'economy' and construction. “The Governor […]
By Tariq Abdell, Iraq’s political risk analyst, Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Mr Gates, U.S. Defense Secretary, recent visit to Iraq underlines Washington's uneasiness and frustration with Baghdad's indecisiveness and lack of strategic foresight […]
By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy, an Iraq based private sector development consulting company. Six NGO-microfinance institutions (MFIs) provide Islamic micro-financing Al-Murabaha to over 7,000 micro-enterprises, 14% of them women-owned small businesses across Anbar, Kirkuk, Ninewa, and Tikrit. Al-Takadum in Al-Anbar pioneered micro-financing based on Islamic principles in 2007 and […]
