Baker Hughes (BHI) has secured a $640 million contract to drill 60 wells at Iraq's southern Zubair oil field, according to a report from Dow Jones. Iraqi government spokesman Ali Al Dabbagh reportedly said on Tuesday that the Iraqi government and the consortium led by Italy's Eni had awarded the contract to an unnamed U.S. […]
Gulf Keystone has announced that the Shaikan-6 appraisal well has spudded on the Shaikan block in the Kurdistan Region of Iraq on 16th December 2011. Shaikan-6 is the fourth deep appraisal well to be drilled on the Company's major oil discovery with independently audited gross oil-in-place volumes of between 8 billion barrels and 13.4 billion […]
Flydubai has added two additional Iraqi destinations to its network with flights to Baghdad and Najaf due to start in the New Year. The new routes bring flydubai's network to 48 destinations across 27 countries in the Gulf, Middle East, Africa, Indian Sub-Continent, Asia and the fringes of Europe. Flydubai launched services to Iraq in […]
The Netherlands’ Deputy Head of Mission to Iraq, Mr Lars Tummers, today announced that the Dutch government has decided to station a diplomat in the Kurdistan Region. In his meeting with the Kurdistan Regional Government’s Head of Foreign Relations Minister Falah Mustafa, Deputy Tummers said that the Dutch Foreign Ministry has decided to upgrade its […]
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. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Iraq's National Investment Commission (NIC) has announced an investment opportunity to establish new Foodstuff Testing Laboratories at the border crossing points. The labs will control all foodstuffs entering Iraq, and should be constructed according to special specifications that ensure the safe storage of all kinds of foodstuffs. They will be constructed according to investment law […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s […]
Iraq increased its oil exports 1.9 percent in December to an average of 2.175 million barrels a day, according to a report from Bloomberg. The country may export at an average 2.6 million barrels a day next year, Falah Al-Amri, director of the State Oil Marketing Organization (SOMO), said in an interview. Iraq exported 2.135 […]
China Machinery Engineering Corp (CMEC) signed a $1.19 billion contract to build a 1,260-megawatt power station in Iraq, according to Gulf News. The Beijing-based company will install the natural-gas-fired plant in the Salahuddin governorate north of the Iraqi capital within 45 months, Mussab Serri, an Electricity Ministry spokesman, said in an interview during the signing ceremony […]
AKnews reports that an Italian company is planning to set up an olive processing factory in the region. The KRG's Agriculture Minister, Jamil Suleiman, told the agency that the Ministry allocated 600 acres of land for growing olives, following a request from the company to facilitate the project. In the second phase, the Ministry will […]
Trade between Iraq and the Netherlands in 2011 topped $630 million, according to a report from AKnews. Salam Qurayshi, economic advisor to the Iraqi Council of Ministers, told AKnews the business was mainly in the field of residential housing and oil projects. He added there are only nine Dutch companies in Iraq and 21 company […]
Iraq signed a $72 million deal with Iranian firm Sunir [Sanir] to expand the Dibis power plant in northern Kirkuk province by 320 megawatts, according to Bloomberg. The company will install two gas units, each with a capacity of 160 megawatts. The units were purchased from Siemens in 2008, and will be installed in just over […]
