Production at BP's Rumaila oilfield (pictured) is running at 1.316 million barrels per day (bpd), and is expected to increase by another 250,000 bpd in the second half of the year, the head of state-run South Oil Company said, according to Reuters. Dhiya Jaffar also told reporters at a news conference that ouput from West […]
JBC Energy, the Austria-based research firm, has said that disruptions at a pipeline network carrying Iraqi crude oil to the Turkish Mediterranean port of Ceyhan (pictured) have threatened the reliability of Kirkuk oil exports, Bloomberg has reported. "The closures and reduced flows seen over the last six months raise questions on the viability of Kirkuk […]
Bloomberg reports that a company called Devco International has signed a $78.5 million contract to supply and install a sulphur purification system at a state-run plant in northern Iraq. The contract was for a turn-key installation of a sulfur purification system including sulfur filtration, sulfur recovery unit, and submerged combustion distillation unit. The purification unit […]
Iran and Iraq have agreed to increase cooperation in industry and trade, the IRNA news agency reported. Iraq's Planning Minister, Ali Yusuf al-Shukri, Industry and Minerals Minister, Ahmed Nasser Al-Karbouli, and Trade Minister, Khairallah Hassan Babike, met with Iran's Minister for Industry, Mining and Trade, Mehdi Ghazanfari, in Tehran on Monday. They agreed to hold […]
Levels of violence rose in Iraq last week with more incidents recorded than any other week since the March 2010 election. In total, at least 84 people were killed and 206 injured in nationwide incidents – a very high figure for the country. The vast majority of incidents took place in the central region. In […]
Ministry of Industry & Minerals Alfurat State Company for chemical industries import tender announcement Tender No: 5 /T/FUR-1/ 2012 ; closing date :21-5-2012 MONDAY 12 AM, Our company is pleased to announce this tender , the specialized and experienced bidders who desire to participate can obtain the required documents from (our headquarter - commercial department located in […]
Najaf Investment Committee has approved ed four new investment licences in the areas of tourism, agriculture and entertainment, worth a total of $ 78.7 million (91.7 billion IQD): an agricultural project to create an integrated farm that includes the cultivation of palm trees, olive trees and seasonal crops in addition to housing livestock of all […]
Iraq's Ministry of Agriculture will cultivate six million doumns [1.5 million hectares] of land to produce 48 percent of the country's wheat demand, according to AKnews. This is the equivalent of 2.2 million tons of wheat, said general director of investment projects at the ministry Sabah Dar'e. Iraq requires more than four million tons of […]
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. […]
Wasit Investment Commission has approved the construction of 254 houses, at a cost of $30m, in Mowafaqiya district, 30km southwest of Kut. According to the report from AKnews, the 'Residential Rescue Ship' housing project, to be launched next week, will provide basic services, including a health center, fire station and shopping centers. A Turkish-Iraqi company […]
