Iraqi Government Ministries heading to Berlin for International Meeting in February Iraq’s oil and gas industry has started 2018 with invigorating news including new blocks to be offered at a bidding round in May, several high profile deals finalised with international companies as well as the continued upstream reforms led by Minister of Oil Jabbar […]
The UK's Minister of State for Trade and Export Promotion, Baroness Rona Fairhead (pictured), has announced $210.8 million in support from UK Export Finance (UKEF) for the second project agreed under the UK-Iraq infrastructure Memorandum of Understanding. The contracts with the Ministry of Electricity in Iraq, valued at $220 million, will see GE Global Services UK upgrade […]
Sallyport Global Holdings has been awarded a not-to-exceed $400,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in support of the Iraq F-16 program. The contract provides for the support of F-16-related contractor personnel at Balad Air Base, Iraq. Work will be performed at Balad Air Base, Iraq, […]
The UK Government has donated an additional 1 million GBP (1.3 million USD) to the United Nations Mine Action Service (UNMAS), increasing the UK total contribution to 14.2 million GBP (20 million USD). The additional funding will boost UNMAS support to stabilization efforts by increasing survey and clearance of critical infrastructure in liberated areas. This […]
By John Lee. Iraq says it plans to start oil exports to Iran from its northern Kirkuk oilfields next week, under the swap deal announced last month. Iraq will export 60,000 bpd of crude oil by truck from Kirkuk to Iran’s Kermanshah refinery (pictured), and ship back refined Iranian oil for southern Iraq. For the […]
With UNICEF’s support, ACTED’s community-led approach to child protection in Qushtapa camp, Erbil, in the Kurdistan Region of Iraq, is broadening academic and recreational opportunities for displaced children. Since 2014, ACTED has been providing child protection services to Syrian refugees in Qushtapa camp in Erbil governorate. From within its Child and Youth Community Centres, ACTED […]
By John Lee. In its 2017 Results, Baker Hughes, a GE company (BHGE) has said that rig count growth in Iraq and the UAE offset declines in other Middle Eastern markets. During the year, the company secured what it describes as the largest-ever turbomachinery and process solutions agreement with PetroChina for the provision of its […]
Sulzer, the Swiss-based specialist in pumping solutions, has appointed Al Majal Technical Services (AMTS) as their authorized repair partner in Iraq. AMTS was founded in 2015 to provide a full spectrum of Oil and Gas services including rotating equipment. The AMTS workshop, located in North Rumaila, is a 3000 m2 state-of-the-art facility, equipped with a […]
By John Lee. Nearly 1 million acres (400,000 hectares) of land in the Kurdistan Region have reportedly been rendered barren due to drought. Faruq Ali, Director of Crop Production at the Ministry of Agriculture and Water resources, told Rudaw: “Due to the lack of rainfall during this year’s plantation season, I predict that nearly 60 […]
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. During Prime Minister Haider al-Abadi’s visit to the southern city of Najaf on Jan. 7, his bodyguards attacked a group of journalists, causing them physical harm. Abadi's office launched […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The New Petroleum Bid Round Faces Many Serious Problems Since the last Ministerial reshuffle of August 2016, the Ministry of Oil has been persistently trying to offer most possible oilfields and exploration […]
By John Lee. Iraq's National Investment Commission (NIC) has included four subway and metropolitan rail projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: 1. Baghdad Metro The project consist of two lines with total […]
