Iranian Oil Minister, Rostam Qassemi [Qasemi] (pictured), has said that Iran is keen to expand oil cooperation with Iraq. Speaking on the sidelines of an oil conference in Tehran, he told reporters that cooperation in joint oil fields and exporting Iranian gas to Iraq are examples of the growing cooperation between the two countries, adding […]
Iraq's cabinet has approved a $1.05-billion contract with Greek power plant builder Metka, a subsidiary of the Mytilineos Group, for the construction of a combined cycle gas power plant in Anbar. According to Sky News Arabia, the station will have the capacity of 1,642 megawatts, and it is to be completed within 32 months. Reuters […]
The new al-Hayrat [Khayrat] power plant in Karbala was officially opened on Friday. At a ceremony to mark the event, Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, thanked the Turkish company Calik Energy for completing the project successfully and on time. Ahmet Calik (pictured), CEO of Calik Holdings, said: "Al Hayrat energy power […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has been taking initiatives to help the families of the people who died or were wounded as a result of the acts of violence that have shaken the country since […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th April 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,754 / $1,897 (+3.0%) (weekly change). The number of week traded shares was 11.2bn and the weekly trading […]
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW After a brief week-long hiatus the intensity and number of high impact attacks against political and sectarian targets increased with bombings countrywide as Iraqis prepare to go to the polls on Saturday to vote for members of provincial councils in a ballot that will be a measure […]
By Padraig O'Hannelly. Iraqis go to the polls on Saturday in the first elections since the withdrawal of US troops at the end of 2011. While these provincial elections are important in themselves, they may also serve as a barometer of public satisfaction with the government of Prime Minister Nouri al-Maliki. But the real decision […]
Avantha Group company CG (Crompton Greaves) has been awarded a $60-million contract for the turnkey construction of four high voltage GIS substations by the Electrical Transmission Project Office of the Ministry of Electricity (MOE) in Iraq. The company will design, manufacture, deliver and install the substations, thus helping upgrade and reinforce the existing 132 kV […]
By John Lee. Commenting in Oilprice.com on the newly-announced, $18-billion pipeline from Iraq to Jordan, John C.K. Daly says that while it is easy to understand the appeal of such a project in energy-starved Jordan, the geopolitical issues remain significant and seemingly unresolved. The 1,043 mile-long dual pipeline would be capable of transporting one million barrels of […]
The 2013 Goldman Environmental Prize has been won by Iraqi engineer Azzam Alwash, for his work on the revival of the Iraqi marshes. Giving up a comfortable living and family life in California, Azzam Alwash returned to war-torn Iraq to lead local communities in restoring the once-lush marshes that were turned to dust bowls during […]
By John Lee. Habtoor Leighton Group (HLG) chairman, Riad Al Sadik (pictured), has said Leighton's name “became very, very bad in Iraq” in 2012 following the bribery scandal. “HLG was definitely affected,” he told The Australian. “It took us quite some time to clean this up.” The company sacked a senior manager last year as […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has continued to implement strict inspection measures on imported goods through its maritime ports in the southern city of Basra, after having been accused of turning into “a warehouse for […]
