British–Dutch firm, Shell, demanded the Iraqi Oil Ministry to sign the gas investment final contract. “The Ministry delays signing the contract,” Malik Nouri, Shell’s representative in Basra, told Aswat al-Iraq news agency on Tuesday. He said that the contract is extremely important to Iraq, because it brings big amounts of funding to the country.
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Seventeen cargo ships from different countries have arrived at Iraqi ports, the public relations and media director at the State Company for Iraqi Ports said on Sunday. The Shiite province of Basra, 590 km south of the Iraqi capital Baghdad, has five commercial ports and two oil ports: al-Maaqal, established in 1916 by British forces […]
Iraq’s oil revenues went up by $300 million during the last month of 2009 to hit $4.499 billion through the sale of 61.3 million barrels at a rate of $73.39 per barrel, the Iraqi oil ministry announced on Saturday. “Crude oil exports rose in December 2009 compared to November 2009 during which 57 million barrels […]
A tourist shipping line will soon be launched between the Iranian port of Khorramshahr and the Iraqi port of Basra. During the Iraqi delegation's visit to Khuzestan province the governor generals of Basra and Khuzestan agreed to launch the Tourist shipping line, Islamic Republic of Iran News Network reported. The two sides also signed some […]
While Western firms notch up high-profile deals in Iraq, smaller regional companies from Iran to Turkey are quietly building a broader Iraqi presence by pumping billions of dollars into housing and other projects. Pledges by companies to invest in Iraq are suddenly taking off as violence falls sharply and the government seeks help to rebuild […]
Omnnea is a two year old communications service provider with a non-conventional service delivery mechanism designed to meet the needs of its client constituents, the citizens of Iraq. Omnnea extended its wireless network coverage to the province of Nasyrea north of Basra this month in Iraq. Omnnea's network covers now Baghdad, Basra, Babel, Najaf, Karbala, […]
Finance Minister Baqer al-Zubaidi reviewed with chairman of the parliament’s finance committee the 2010 general budget, according to a Ministry’s statement. “The minister received on Monday (Dec. 14) Alaa al-Saadon and discussed with him the 2010 general budget and measures taken by the Ministry to answer the committee’s questions and inquiries,” said the statement received […]