Midland Refineries Co announces new tenders for purchasing the materials as stated below: * 23 items of Spare part for turbine type 353 T Req. No : 1165/2011 * 5 items of Burner soot blower , condenser and ejectors Req. No: 1202/2011 *12 items of Spare parts for extra action pump Req. No: 1194/2011 *18 […]
Archive | 2011
Tags: Midland Refineries Co, Oil & Gas
Trump: US Should Stay in Iraq Taking Oil
Billionaire real estate tycoon and potential Republican presidential candidate, Donald Trump, has said that the United States should stay in Iraq in order to take Iraq's oil and cover the cost of the war, reports the Washington Post. "In the old days when you had wars, you win, right? You win. To the victor belonged […]
Tags: Donald Trump
France Telecom Bullish on Iraq
Elie Girard, executive vice-president of strategy and development at France Telecom, said he was bullish about the prospects for Korek Telecom, the mobile operator based in Kurdistan, in which France Telecom recently bought a minority stake. "There is huge growth potential in Iraq," said Girard, adding that Korek would grow some 30 percent a year. […]
Tags: France Telecom, Korek
AsiaCell to Bankrupt Warka Bank?
Iraq Business News has received information suggesting that AsiaCell is suing Warka Bank for the return of funds amounting to around 29 billion Iraqi dinars [$25 million]. According to one source, this could be enough to do serious damage to Warka. While the full picture is still not entirely clear, we are attaching an official […]
Tags: Asiacell, Warka Bank
Turkish Contract for Electrical Cabling in Kurdistan
The Ministry of Electricity in Iraqi Kurdistan has signed a contract with a Turkish Company to connect electrical power lines between the provinces of Sulaimaniya and Erbil. Kurdistan’s Electricity Minister, Yassin Sheikh Abu-Bakr, has signed a contract on Sunday with the Turkish ‘Shar’ Company to build these lines, adding that the total cost of the […]
Iraq Appoints Planning Minister
Bloomberg reports that Iraq has named its new planning minister, but has yet to agree on top security posts, three months after Prime Minister Nuri al-Maliki’s cabinet was formed. Lawmakers in Baghdad voted unanimously to appoint Ali Youssef Abdel Nabi, according to the website of his political party, the Sadr Trend, which is led by […]
Tags: Ministry of Planning
2 New Power Stations for Maysan
The Iraqi electricity ministry has given the thumbs up to the construction of two new power stations with a capacity of 600 megawatt in Maysan [Missan], according to Aswat al-Iraq. “One station with a capacity of 100 MW will be set up in al-Batira, (5 km) north of al-Amara, while the other will be near […]
Norway to Open Consulate in Kurdistan
The Norwegian ambassador to Iraq said his country intends to open a representative office in Kurdistan soon. The official added his country intends to set vocational training for Iraqis. The step is one of the plans to boost the economic, political and cultural ties with Iraq and the Kurdistan Region, Peter Olberg told AKnews Sunday. […]
Tags: Kurdistan News, Norway
Iraq's Ministers Discuss Water Security
Iraq's Council of Ministers has formed a special committee to study the legal aspects of the international agreements related to the water share, in order to define the share of Iraq’s neighboring states from the water of Tigris and Euphrates Rivers, according to Aswat al-Iraq. “The question of water received exceptional attention during the recent […]
Tags: Water
UK Business Briefing on Export Credit Insurance
Britain's Middle East Association (MEA) will be hosting a business briefing with Patrick Crawford, CEO of Export Credits Guarantee Department (ECGD) on Wednesday 27th April. In February, the UK Government announced a number of new products to be offered by the Exports Credit Guarantee Department. One of the Government’s aims is to ensure that UK […]
Turkey and Iraq to Cooperate on Pipelines
The Director General of BOTAS (Boru Hatlari ile Petrol Tasima AS), Turkey's state-owned Petroleum Pipeline Corporation, said on Sunday that "during recent talks in Iraq, the Iraqis asked for assistance to re-build a 40 inches petroleum pipeline that was destroyed. We told the Iraqis that we are ready to help them". Speaking in southern province […]
Iraq Oil Exports Down 2% on March
Iraq's crude oil exports fell 2% in March to 2.159 million barrels a day, from 2.202 million barrels a day in the previous month, due to several days of bad weather at the Southern terminals, and damage to part of the northern export pipeline from an act of sabotage, Dow Jones Newswires reports. A senior […]
Tags: Iraq Oil Exports News