Japan's Toyo Engineering Corp said it has signed a General Engineering Service Agreement (GESA) to provide technical services to upstream projects to be undertaken by Iraq's state-run South Oil Company (SOC). "This agreement covers all oil fields and related facilities that SOC is responsible for in the south of Iraq. TOYO will, on a long […]
Gulf Keystone today provides an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of 10.5 […]
Iraq's the deputy head of the parliamentary security and defence committee, Iskander Witwit, has told Reuters that Iraq will take delivery of the first 24 of 36 F-16 fighter jets it has ordered from the United States at the beginning of 2014. He said the first 24 planes would make up two air force squadron, […]
Iraq's electricity ministry signed the $363 million, 1,014 megawatt, power plant deal with Egypt's Orascom Construction, which was announced in February. The contract involves building the plant and installing six 169 MW generators, which Iraq bought from Siemens in 2008, at the facility in Baiji [Beiji, Bayji]. The project is expected to be completed within 21 […]
SGS has been awarded a three-year contract by India's Lanco Group [Lanco Infratech, LANCI] to manage on-site quality control for the construction of its new gas power plant in Anbar Province, Iraq. The AKAZ [Akkaz, Akkas] power plant at al-Qaim will have a capacity of 250MW (2x 125MW) and is estimated to require three years […]
Nine years after the war and with billions of US dollars spent, electricity is still in short supply in Iraq. The government is looking to use electricity-generating ships to meet the expected uptick in demand in the coming summer months. In electricity-strapped provinces like Basra, where the power generated by a Turkish 'floating electricity plant' […]
Crews in Baghdad pull down a series of massive concrete walls that had divided the Iraqi capital, sparking hope that life in some parts of the battle-scarred city will return to normal: (Source: Reuters)
Aswat al-Iraq reports that Japanese auto-maker Nissan will open its biggest service center in the Middle East in May in the city of Erbil. "Iraq started to take positive steps in investment by providing appropriate [conditions]," Ahmad al-Kaswani, general director of Carzone, told the news agency. Carzone is part of the Sardar Group. (Source: Aswat […]
The Philippine Department of Foreign Affairs (DFA) has reportedly recommended the partial lifting of the ban on deployment of workers to Iraq. According to GMA News, DFA spokesman Raul Hernandez said the agency has proposed to the Philippine Overseas Employment Administration (POEA) that the ban be lifted for the Kurdistan region. The DFA has yet […]
The Turkish Consul in Basra, Farouk Qaimagja, and the Commercial Attache of the Turkish Embassy, met the head of Basra Investment Commission to discuss ways of boosting economic and trade cooperation. "The consul, accompanied by representatives of a number of Turkish companies, reviewed with local officials in Basra ways of attracting Turkish investments to the province […]
Plans have been announced to build a modern abattoir outside Kirkuk City at a cost of $5 million (6 billion Iraqi dinars), according to AKnews. Falah al-Bazzaz, Chairman of Kirkuk Investment Commission, said the project is the first of its kind and will be built on a site of 40 acres. The development will also […]
Iraq's Commission on Integrity referred hundreds of cases of suspected corruption, involving 1088 suspected criminals, to the judiciary in the first quarter of this year. The total value of the frauds involved comes to $69 million (83 billion Iraqi dinars). A organisation's quarterly report breaks down the cases by region: Baghdad /Al-Rysafa: 67 cases; Al-Karkh office, […]
