By John Lee. On September 1st, Mitsubishi Heavy Industries Ltd (MHI) will open an office in Basra, the second-largest city in Iraq. MHI aims to respond swiftly to emerging large-scale social infrastructure improvement projects supported by its vast oil reserve and rapidly increasing reconstruction demand from warfare and economic sanction. The new office will function […]
Starwood Hotels & Resorts Worldwide has signed an agreement with Mase Co LLC, a company managed by Brilliant Role Group, to open a new-build Sheraton hotel in Dohuk, in the Kurdistan Autonomous Region in northern Iraq. Scheduled to debut early next year, the Sheraton Dohuk Hotel will be the first of four new Starwood hotels […]
By John Lee. Consumer services company Rollins Inc. has announced that the company, through its wholly-owned subsidiary Orkin, has established two international franchises: one in Erbil, Iraq and one in Trinidad and Tobago. Both Orkin Erbil and Orkin Trinidad and Tobago will offer commercial and residential pest control and termite control services. Tom Luczynski (pictured), […]
By John Lee. Iraq's human rights ministry has said that more than 18 percent of the Iraqi population is living below the poverty line. This amounts to 6.4 million people, mostly in rural areas. According to the report from Aswat al-Iraq, the ministry added that while Iraq is one of the richest countries in oil […]
Petrofac has been awarded a second contract by Gazprom Neft Badra B.V. on the Badra Oil Field, situated 160km southeast of Baghdad City in the Republic of Iraq. Worth US$95 million over three years, the contract was awarded to Petrofac's Offshore Projects & Operations (OPO) business to provide maintenance engineering, maintenance execution and support services. […]
ShaMaran Petroleum has reported the results of the Atrush-3 appraisal well ("AT-3") drilled in the Kurdistan Region of Iraq. The AT-3 well was spudded on 23rd March 2013 using the DQE31 drilling rig and was drilled to a total depth of 1,806m. The well is situated approximately 6.5km east of the AT-2 well and approximately […]
The first group students have completed their studies in the training center of LUKOIL Overseas Mid-East Ltd., LUKOIL's operating company for West Qurna-2 project, in Basra province. 170 Iraqi nationals who have completed a 1.5 year training program were immediately assigned to different facilities of West Qurna-2 field depending on their obtained qualifications, including well […]
By Reidar Visser. 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 […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Forty thousand Syrian refugees fled to Northern Iraq last week. That's on top of 160,000 other refugees already in the region. Al Jazeera's Imran Khan joins us live from the Domiz camp in […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The world was surprised by the news that a chemical massacre took place on the outskirts of Damascus on Aug. 21. The Iraqi public, however, followed that event with even more interest […]
India is looking forward to further strengthening its relations with Iraq as an "equity partner" in areas like oil exploration and petrochemicals, the country's President, Pranab Mukherjee, said on Friday. Speaking during the visit of Iraqi Prime Minister Nouri al-Maliki, the President added: "Iraq has become India's second largest crude oil supplier. This is a […]
On Thursday August 22, the Ministry of Trade (‘Ministry’) in cooperation with the Federation of Chambers of Commerce (‘Federation’) launched Iraq’s first “One Stop Shop” for company registration. The Ministry of Trade was represented at the event by Deputy Minister Waleed Habeeb Al-Mosawy; the Federation was represented by Secretary General Abdulhuessein Almubaraka. The U.S. Embassy […]
