By John Lee. Malaysia-based Wah Seong Corporation Berhad (WSC) has announced that its indirect wholly-owned subsidiary Wasco Engineering International Ltd (WEIL) has been awarded a contract by Basrah Gas Company (BGC) for the design, packaging and sale of gas compressor packages and associated plant and site facilities. The contract is valued at $34.6 million. The […]
By John Lee. The United Nations has advertised new positions in Iraq: Site Engineer, UNOPS - United Nations Office for Project Services Business Support Assistant, UNAMI - United Nations Assistance Mission for Iraq Business Support Associate, UNAMI - United Nations Assistance Mission for Iraq Support Services Associate, UNAMI - United Nations Assistance Mission for Iraq […]
By John Lee. The United Nations has advertised new positions in Iraqi Kurdistan: Country Logistics Officer, Agency for Technical Cooperation and Development (ACTED) Projects Development Intern, Agency for Technical Cooperation and Development (ACTED) Projects Development Officer, Agency for Technical Cooperation and Development (ACTED) WASH BCC Advisor, Terre des hommes Procurement Specialist, UNDP - United Nations […]
DNO ASA, the Norwegian oil and gas operator, today released its 2017 Annual Report and Accounts together with its 2017 Annual Statement of Reserves and Resources and reported improvements across key financial and operational metrics. Annual 2017 revenues climbed to USD 347 million, up 72 percent from year earlier levels. Operating profit totaled USD 521 […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The Islamic State (IS) appears to be staging a comeback in parts of Iraq, which could endanger the country's oil deal with Iran. Hamid Hosseini, the Iranian secretary-general […]
By John Lee. Iraq Oil Report reports that the China ZhenHua Oil Company, a subsidiary of state-owned arms manufacturer Norinco, is poised to make two new investments in Iraq’s oil sector. It says the company is forming a new oil trading joint venture with the State Oil Marketing Organization (SOMO) and is negotiating the upstream […]
By John Lee. A new report from the Washington Institute for Near East Policy says that Iraqi hydrocarbons "will either be exploited by Iran and its allies or used for Iraq's own benefit, transforming the country into an energy export hub between the Gulf states, Turkey, and Europe. The United States has a strong strategic […]
By John Lee. Qatar and Iraq have signed a Memorandum of Understanding (MoU) to enhance security co-operation between the two countries. According to Gulf Times the MoU aims to enhancing security co-operation, co-ordination, and the exchange of information and expertise between the two sides. It covers almost all areas including terrorism and its finance, combating […]
UN Calls on Iraqi Government to Take Active Steps to Support and Protect Minorities In the wake of recent criminal and terrorist acts that targeted members of minority communities in Iraq, the Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Ján Kubiš (pictured), stresses the need for the government to take active […]
By John Lee. Prime Minister Haider Al-Abadi has announced the reopening of Erbil and Sulaimaniyah airports to international flights. In a statement, he said he signed the decree "following the response of the local authorities in the Kurdistan region to restore the federal authority to the two airports in accordance with the constitution, in order […]
By John Lee. Platts reports that Iraq plans to launch a new Basrah Medium crude oil grade "whenever logistics allow," to provide "more stability" in existing grades. It quotes Ali Nazar al-Shatari, the Deputy Director General of the State Oil Marketing Organization (SOMO) as saying the new grade will have an API gravity of 29-30 degrees, […]
By John Lee. The National Investment Commission (NIC) has announced new investment opportunities: Rehabilitation of Al-Tariq pesticide plant. Al-Furat State Company for Chemical Industries and Pesticides Production of industrial and medical gasses. Al-Zawraa State Company. Rehabilitation of Steam Iron factory. Diala State Company for Electrical Industries. (Source: NIC)
