Flights between Iraq and Malaysia have resumed after a gap of 25 years, with the opening of a new scheduled air service on Saturday. Alsumaria News reports that Iraqi Airways will operate a weekly return service between Baghdad International Airport and the Malaysian capital, Kuala Lumpur. Iraq's Ministry of Transport said that "Iraqi Airways plans to open […]
Babil Investment Commission [Babylon Investment Commission] has announced that a group of Italian, Ukrainian and French companies are interested in investing in the province. The deputy chairman of the Investment Commission, Abbas al-Tai, told Alsumaria News that the companies are considering construction and industrial projects, and that "the Commission has provided all the necessary facilities to […]
Iraq's Minister for Electricity, Kareem Aftan al-Jumaili, has opened a new 200MW power station in Missan province, according to a report from AKnews. The new diesel-fueled station, to the north of Amara, was built by the South Korean company STX at a reported cost of $220 million (260 billion Iraqi dinars). According to a spokesperson for […]
The next general election in Iraq is not due until 2014, but Prime Minister Nouri al-Maliki warned on Wednesday that he will call for early elections if the protracted negotiations over power sharing break down. If he could persuade more than half of the parliament to vote themselves out of a job and back on the […]
Bloomberg reports that Iraq will increase its daily exports of Basrah Light crude from the Persian Gulf by 14 percent in the first half of July, compared with shipments in the previous two weeks. Eighteen cargoes are scheduled to be shipped from the al-Basrah Oil Terminal (pictured), unchanged from the second half of this month, […]
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. […]
Bloomberg reports that Iraq’s crude output rose to its highest level in 20 years, as CNPC's Halfaya oilfield ramped up production. Abdel Ilah Qassem al-Amir, a spokesman for Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, told Bloomberg on Tuesday that output exceeded 3.07 million bpd. The Director General of the Missan Oil Company said […]
Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries, has been awarded a supply contract valued at about $100 million by the Rumaila Operating Organization (ROO) in Iraq. The ROO is a joint venture between the state owned South Oil Company (SOC), BP and the China […]
ABB, the leading power and automation technology group, has won an order worth around $75 million from the Ministry of Electricity of Iraq to extend an existing transmission substation in the Southern part of the country. The 400/132 kV (kilovolt) Amara substation will connect a new 500 megawatt (MW) gas based power plant as well […]
The KRG's minister of electricity, Yassen Shekh Abubakir Mawati [Yasin Sheikh Abu Bakir Muhammad Mawati] (pictured), has announced the creation of five hydro-electric and gas power plants in the region: Three hydro-electric power plants at Deraluk-Rashawa Dam, Mandawa-Kopala and Taqtaq; Two gas power plants with 200-megawatt capacity each in Qaladze and Harir. (Source: AKnews)
Iraq's communications regulator has decided to fine mobile phone operator Asiacell $8,500 per day since September 1, 2011 for failing to list on the local stock exchange, according to a report from Reuters. Ahmed Alomary, commissioner of Iraq's Communications and Media Commission (CMC), also told the agency that the regulator had also decided to fine […]
Hitachi Plant Technologies and Sumitomo Corporation have concluded an agreement with Iraq's South Oil Company (SOC) to commence investigations for introduction of Hitachi Plant Technologies’ advanced water treatment system for the Iraqi oil industry. Iraq is expected to be one of high oil-producing countries of the world, and further investment in oil development such as […]
