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Najaf Gets $40m for Generators

Najaf's provincial council confirmed that it has been given final approval to get a loan of ID 47 Billion [$40m] for the province to buy new electricity generators to be run by Najaf's citizens. A source in the province told the National Media Center that generators will be distributed to jobless citizens with guaranties to […]

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France to Open Consulate in Anbar

The French ambassador to Baghdad, Boris Bouillon (pictured), has met the governor of Anbar and the chairman of its council to discuss ways of enhancing trade and investment in the region, expressing France’s willingness to open a consulate in the province. The French ambassador, heading a delegation of French businessmen, described his visit to Anbar […]

Kurdish Refinery to Start Selling Petrol

The first of three new refineries in Iraq’s northern Kurdistan is expected to start selling petrol for the first time next week. The 98-octane gasoline will be sold to petrol stations in the semi-autonomous region, Ali Hussein Ballo, a consultant at the natural resources ministry said in a telephone interview with Bloomberg. The Khabat refinery, […]

The Reformation of Iraq’s Foreign Relations: New Elites and Enduring Legacies

Iraq has not enjoyed regular foreign relations since 2003, and arguably for several years before, argues Gareth Stansfield in a report for Chatham House. Looking ahead, Iraq is now in a position to develop its foreign relations fully, yet how these relations will be constructed remains unclear. As with all states, Iraq's foreign policy remains […]

Permission for 792 New Apartments in Muthanna

An Iraqi company has won an investment license to build a residential compound in Muthanna, an official of the Muthanna Investment Commission said on Wednesday. “The MIC has granted an investment license to an Iraqi company to build a compound, consisting of 792 apartments, in Muthanna on an area of 65 donums [16 hectares]”, Ali […]

Allawi to Pull Out of Power-Sharing Govt?

Ayad Allawi has reportedly threatened to quit the power-sharing government according to an interview with Britain's Times newspaper on Tuesday. "Power-sharing is not happening," Allawi said. "It is not set to work in a meaningful way... If it does not change, I will not participate." Despite his Iraqiya block narrowly winning elections in March, Allawi […]

Kurdistan Oil Dispute Appears Resolved

The dispute between Baghdad and the Kurdistan Regional Government (KRG) over the legitimacy of international oil contracts signed by the Kurds appears to be over. Baghdad’s dispute with Kurdistan froze oil exports from the region last year. Asked if the dispute between the two Iraqi powers had been resolved, Iraqi Oil Minister, Hussain al-Shahristani, told […]

GE Wins Erbil Power Plant Contract

GE (NYSE: GE) today announced that it will provide gas turbine technology to Mass Global Investment Company, an independent power producer, to help meet northern Iraq’s growing demand for electricity. Under the agreement, GE will supply three Frame 9E gas turbines and generators for the 375-megawatt expansion of the Arbil Power Plant, located in Iraq’s […]

Iraq's Asiacell May Float on Stock Market

Qatar Telecom QSC, the country’s largest company by revenue, is mulling plans to sell shares to the public in its Iraqi unit in two years, according to its chief strategy officer. “We are beginning to think now about doing an IPO in Baghdad,” Jeremy Sell said at a presentation in the Qatari capital Doha today. […]

Korea's Hyundai May Build Power Stations in Anbar

An investment delegation from the Korean company Hyundai, specialized in establishing and equipping oil-fired power plants, visited Anbar province on Tuesday to discuss proposals for investment in the province, according to a report from AKnews. Wissam al-Rawi, the head of the Energy Committee of Anbar Council, said that the council discussed investment with the Hyundai […]