Archive | 2011

Total CEO Faces Trial over Oil-for-Food

A French magistrate has decided to send giant Frence oil company Total and its chief executive to trial on charges that the company engaged in corruption during the United Nations oil-for-food program in Saddam Hussein's Iraq, according to Reuters. The magistrate is sending the company to trial on charges of corruption and involvement in fraudulent […]

Iraqi Politics and Implications for Oil and Energy

While prospects that Iraq could reach its ambitious oil production targets are fading, political instability in a number of oil-producing countries are having adverse effects on OPEC production and spare capacity, according to a new study by the Baker Institute. The report says that the international community is very likely to be reliant on Iraq […]

Iraq Contractor 'Marked up Prices by 12,000%'

A United Arab Emirates-based logistics contractor billed Defense Department authorities in Iraq for parts at prices marked up as high as 5,000 percent and 12,000 percent, according to a quarterly report released Saturday by the Special Inspector General for Iraq Reconstruction. GovExec reports that a review of a $119 million reconstruction and logistics contract with […]

Iraq's Second-Largest Lake 'Dry in 2 years'

Almost 2,000 kilometres in size, Lake Razzaza is Iraq’s second largest lake. But increasing saline levels and decreasing water levels mean that the area is heading for economic, social and environmental disaster. And nobody seems to have any solutions. Once it was a centre for the local fishing industry, a lake teeming with commercial activity, […]

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Iraqi Government is Downsized

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. […]

US Announces Iraq Museum Fellowship Residencies Program

The Educational and Cultural Affairs Bureau of the U.S. Department of State and the United States Embassy in Baghdad has announced the 2012 Iraq Museum Fellowship Residencies Program. This program has been developed to provide future Iraqi museum professionals with the opportunity to develop and build their capacity in museum management and operation. The residencies […]

New Spare Parts Tenders from NGC

North Gas Company announces the below tenders: -Spare Part for Equipment Cartridge Filter BA-FD-1203/2203 , Filter element material : Cotton , Perforated plate sus 304 internal core with max thickness = 1 mm. For further information , please click on this link. Spare for Ajeel Gas Field Diaphragm seal smart type differential transmitter out put hart with […]

New Tenders From MRC

MRC Announces the below tenders, please click on every link to obtain more information : -General Accessories filter -Filling Machine -Chiller Water System -Labeling Machine -Centrifugal Pump -Portable Bundle Extractor -Recycle-Gas Drier -Screw pump -Centrifugal pump -Pump -Lab Equipment -Finned Tube -Complete Vertical Centrifugal pump -Spare parts for valve & fitting -Spare parts for steam turbine […]

Iraq Economic Overview

Annual inflation in Iraq is now 6.3%, according to government figures. It is likely this is due to rising commodity prices. Government receipts for oil in the last quarter were up 19% to US$20bn, the highest since before the Iraq War began. The dinar was unchanged versus the dollar during the quarter. The International Monetary […]

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