By John Lee. Pakistan’s Lucky Cement has announced plans to increase capacity at its grinding unit in Iraq. In a statement to the stock market, the company said that together with its Joint Venture partner, it will to increase its existing cement grinding capacity from 0.871 million tons to 1.742 million tons per annum. This expansion […]
By Dr. Layth Mahdi. Prior to the 2003 Iraq had adopted an agricultural policy based on the financial, administrative, technical and technological support from the government for the development of the agricultural and industrial sectors. This policy led to the domestic production to provide 75% of the food requirement and a GDP contribution of 7.5%. […]
By John Lee. Italy's Italdraghe SpA has delivered a SGT 400 cutter suction dredger, similar to the one pictured, to the Iraqi Ministry of Water Resources. According to a report from Dredging News Online, it is the first of a series of three that the company is supplying to this particular client. (Source: Dredging News […]
Their Cause Burns in Our Hearts: The Children of Iraq We invite you to join us in a cause that burns in our hearts: the orphans and vulnerable children in Iraq, a place UNICEF calls, "one of the most dangerous places in the world for children." Give the gift of loving intervention in their young lives through access […]
The Islamic State of Iraq and the Levant is failing, and the campaign to defeat the terror group in Iraq and Syria is on track, Defense Secretary Ash Carter and U.K. Defense Secretary Michael Fallon said in London today. The Islamic State of Iraq and the Levant is failing, and the campaign to defeat the […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq yesterday, Combined Joint Task Force Operation Inherent Resolve officials reported today. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack and fighter aircraft conducted five […]
Petrofac has secured a contract worth US$75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP). The one-year contract, with a one-year option, was awarded following a competitive tender and Petrofac, as the incumbent, plans to build on its four-year track record of safe and successful delivery on behalf […]
By John Lee. Bloomberg reports that Sinopec -- the state-owned China Petroleum & Chemical Corporation -- is considering a takeover of the recently restructured Gulf Keystone Petroleum (GKP). The news agency cites un-named sources as saying that the world’s biggest refiner is working with advisers and has made an approach to the company, which was […]
The Kurdistan Regional Government (KRG) has published its monthly production and export revenue overview for November 2016. During the month it exported 588k bpd from the Turkish port of Ceyhan, up from the previous month’s figure, at a decreased average price of $35.05 per barrel, bringing in revenue of $568 million. Please click here to view […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Bomber and fighter aircraft […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Budget Law 2017 and OPEC Production Cut Impact - Preliminary Remarks On 7 December, the Iraqi Parliament passed Budget Law 2017 by a majority voting with 186 attendances, before the House went […]
Alliant Techsystems of Fort Worth, Texas, has been awarded a $22,189,071 firm-fixed-price modification to exercise an option on previously awarded contract FA8106-16-C-0004 for contractor logistic support for the Iraqi Air Force’s Cessna 208 fleet. Work will be performed at various locations in Iraq, and is expected to be complete by Dec. 31, 2017. This contract […]
