The Iraqi Ministry of Industry and Minerals has said in a statement that the General Company for the Automotive Industry signed two contracts with two Chinese companies for the assembly and production of 7500 saloon cars and pick-ups. These cars annual value of sales is put at to 99.05 billion Iraqi dinars (about US$84 million). […]
The Planning and Cooperation Development ministry stated on Tuesday that the ration card file will be completely managed by the Ministry of Labour and Social Affairs instead of the Trade ministry in early 2014, indicating that the file is affecting Iraq economically and hindering the conclusion of international conventions. Mahdi al-Allak, the Undersecretary of the […]
Overview Levels of violence fell in Iraq last week. Militant activity was concentrated in the central region, although there were also several bombings in Mosul. The majority of explosive devices detonated over the week were small, usually inflicting injuries rather than fatalities. Shootings are currently more of a concern, with the authorities put on high […]
The Rumaila Operating Organisation (ROO) has met a major milestone in the re-development of the super-giant field in Southern Iraq by increasing production by more than 10 per cent above the 1.066 million barrels a day (b/d) initial production rate agreed in December 2009. Meeting this production target, and the approval of the Rumaila rehabilitation […]
Iraq plans to invite international oil companies to develop the giant Nassiriya oilfield in a bidding round later this year, a senior Iraqi government official said on Monday. Pre-qualified Japanese companies will be invited to develop the field, along with other interested global oil firms, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani told reporters, […]
The Iraqi Transport Ministry said on Sunday evening that the national rail company loses 72 billion Iraqi Dinars ($62m) each year due to high payroll expenditure and low annual revenues of less than 12bn Iraqi Dinars ($10m). Speaking to AKnews, the General Director of the Iraqi National Rail Company, Jawad al-Kharasani, complained that the network’s […]
A Kuwaiti coast guard died following an exchange of fire with an Iraqi fishing boat in an incident that highlights the need for discussions on controlling the border, Iraqi government spokesman Ali al-Dabbagh said. Bloomberg reports that Iraq is investigating the events yesterday, which also led to the sinking of the vessel. Four Iraqis aboard […]
An agreement has been reached between Iraq and Iran to open a joint free market in southern Iraq’s Wassit Province, the Province’s Council Chairman said on Tuesday. “Wassit’s Council had made a big effort to reach an agreement with the Iranian side to open a joint free market between the two countries at the Zurbatiya […]
Japan is ready to boost cooperation and projects in Iraq’s energy sector including rebuilding Iraqi nuclear reactor(s), Hussain Shahristani, Iraqi deputy prime minister for energy,has told reporters. Shahristani reportedly said after his meeting with the Japanese Economy, Trade and Industry Minister, Akihiro Ohata, in Baghdad, "we discussed the issue of reconstruction of the nuclear reactor(s) […]
The Ministry of Electricity in Baghdad, in cooperation with consulting firm Parsons Brinckerhoff (PB), will present Iraq’s Long Term Electricity Master Plan at a 2-day conference in Istanbul on 1st and 2nd February, 2011. The 2010 – 2030 Long Term Master Plan, prepared by joint teams from Parsons Brinckerhoff and the Ministry of Electricity's Planning […]
The manager of Najaf refinery has announced that the refinery’s contribution to the province’s economy exceeded 6bn Iraqi Dinars (IQD) in 2010. Laith al-Gharrawi [Laith al-Azzawi] told AKnews that the refinery refined 5.5m barrels of oil in 2010, bringing in a revenue for the province of 6.47 billion IQD ($5.5m), according to the law ratified […]
Iraq's Ministry of Electricity has today issued a tender for the supply of 132KV cables. Please click here to download details (in Arabic only). The closing date for the receipt of bids is 26th January.
