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Iraq's Oil Minister Takes on Electricity Portfolio

(Sources: Reuters, Financial Times) Reuters reports that Iraqi Oil Minister, Hussain al-Shahristani, has taken over the electricity portfolio after the electricity minister resigned over protests against power shortages in the sweltering heat of summer, the Oil Ministry spokesman said on Tuesday. Karim Waheed stepped down as electricity minister after demonstrations triggered by power cuts, claiming […]

Iraq Boosts Crude Exports

(Sources: upstreamonline.com, Bloomberg, Assoc. Press) Iraq’s oil exports increased by more than 7% in May compared to the previous month, according to Oil Ministry spokesman, Assem Jihad. Bloomberg reported Jihad said daily exports averaged 1.89 million barrels per day last month, an increase of about 7.4% from the 1.76 million bpd in April. Jihad added […]

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Oil Pipelines Extended to Nassiriya

(Source: Aswat Al Iraq) Al-Ahdab Oil Company started on Tuesday extending pipelines toward al-Nassiriya and al-Zabiediya plant in north of Kut, a media official said. “The company started on Tuesday (June 22) extending pipelines toward the pumping plant in Nassiriya and the power production plant in al-Zabiediya in north of Kut,” Majed al-Attabi told Aswat […]

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Government Releases Provinces’ Share of Oil Revenues

(Source: Aswat Al Iraq) Iraq’s Council of Ministers agreed on Tuesday to release the oil-producing provinces’ share of money received from oil production, according to a statement from the Iraqi government’s office. “The council agreed also on the proposals presented by the ministerial delegation of Basra regarding easing the electricity crisis in the province,” said […]

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Ninawa Considers Second Airport

(Source: Eye media company) Judge Hassan Mahmood, Ninawa's second deputy governor, discussed procedures for building a new airport in Sahajee district west of Mosul, with representatives of investment body, agriculture, real-estate, electricity and environment departments. The judge ordered the agriculture department to work on breaking agriculture reclamation contracts, and on completing compulsory purchase orders, which […]

300 Buses to Be Exported to Iraq

(Source: Iran Daily) A leading Iranian bus manufacturing company plans to export 300 buses to the neighboring country of Iraq, a company official announced on Monday. "The Memorandum of Understanding (MoU) was signed for the export of 300 buses to Iraq," Managing-Director of Semnan's Oghab Afshan Industrial and Manufacturing Company, Abdullah Akbari-Raad, said in an […]

Kirkuk Central Marketplace Reopened

The Kirkuk central marketplace was reopened on Wednesday after being closed for more than seven years, according to the province’s media director. “Kirkuk Governor Abdulrahman Mustapha on Wednesday (June 16) opened the Kirkuk central market with the attendance of representatives from the Trade Ministry,” Dalier Samad told Aswat al-Iraq news agency. “The market is considered […]

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Iraq Forgives Madagascar's Debt

(Sources: Aswat Al Iraq, Reuters) Aswat al Iraq reports that the Iraqi Council of Ministers has decided to approve an agreement that settles Madagascar’s debt to Iraq. Iraq lent the money to Madagascar during the era of ousted dictator Saddam Hussein. “Eighty percent of the debt (i.e. $234,507,234) has been cancelled,” the Iraqi government said […]

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Iraq Cuts July Crude for Term Buyers

(Source: Reuters) Reuters, citing industry sources, reports that Iraq will supply crude to term buyers at an average of 10 to 15 per cent below contract volumes for July, largely steady, with a cut of around 10 per cent for June. The cut was on medium-heavy Basra Light crude, they said. State Oil Marketing Organisation […]

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2nd Bridge Opened in Karbala

(Source: Aswat Al Iraq) The second bridge was opened in Karbala on Thursday at a cost of 10 billion dinars [$8m], according to the governor’s media spokesman. “Municipalities Minister Riyad Gharieb, Health Minister Saleh Mahdi al-Hasnawi, Karbala Governor Amal al-Din al-Herr and Representative of the UN in Karbala, Ali Kamouna, as well as political and […]

New Regional Offices for Industry Ministry

(Source: Aswat Al Iraq) The Iraqi Industry Ministry has opened new offices in the country’s provinces, so that businesses in remote areas can contact the ministry without the need to travel to Baghdad. The ministry also reported that it has approved 726 new industrial projects during the first quarter of 2010.