By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Oil affirmed that Baghdad’s share in oil production will not be part of the OPEC specified quotas for 2014. The ministry said it was likely for Iraq […]
By John Lee. According to a report from World Bulletin, a new 750-megawatt (MW) power plant in Mosul city is planned to be completed and operating by September 2013. Build and run by Turkey's Calik Energy [Calik Enerji], it will be Iraq's fourth-largest power station; the company's other plant at al-Khairat in Karbala is the […]
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By John Lee. OPEC crude output hit a four-month low in July as unrest and conflict in Libya and Iraq disrupted supplies, a Reuters survey found on Wednesday. Supply from the organization averaged 30.25 million bpd, down from 30.38 million bpd in June, and the lowest since March 2013 when the group pumped 30.18 million […]
By John Lee. The government of Iraq wants to purchase nearly $2-billion worth military equipment from the United States. The Defense Security Cooperation Agency (DSCA) notified the US Congress of the following intended deals: 50 M1135 Stryker Nuclear, Biological, and Chemical Reconnaissance Vehicles (pictured) and associated equipment, parts, training and logistical support for an estimated […]
By John Lee. Sony has recently unveiled its extensive plan for expansion in Iraq. Along with its official business partner, Modern Electronics Iraq (MEI) Sony will look to transform the Iraqi consumers’ experience through launching its entire line-up of latest technology products, introducing experiential Sony-branded stores and setting up authorised service centres in Iraq. The […]
By John Lee. Ukraine's Minister of Economic Development and Trade, Ihor Prasolov (pictured), has told his Iraqi counterpart Khairallah Hassan Babeker [Khayri-allah Babakir, Dr Khairallah Hassan Babiker] that Ukraine is interested in increasing exports of metallurgical products to Iraq. At their meeting they also discussed the further engagement of Ukrainian machine-building companies in Iraqi projects, […]
By John Lee. Daewoo Engineering and Construction has won a $709-million contract to upgrade the Akkas gas field in Anbar province, near the Syrian border, the Iraqi cabinet secretary announced. The South Korean company will provide engineering, procurement, construction and commissioning of a central processing facility in the field. Construction of the new facility is […]
Global law firm Eversheds has advised Citibank [Citigroup] on the registration of its representative office in Baghdad, Iraq, making it the first US bank to establish a presence in the country. According to Citi's press release, the representative office in the Iraqi capital will support Citi’s clients in the country, and the New York-based bank […]
By John Lee. Reuters reports that Iraqi crude oil exports are to be cut by between 400,000 and 500,000 barrels per day in September. The drop is due to rehabilitation and maintenance work at Gulf ports. A third offshore terminal and a metering station are being installed to boost export capacity by 900,000 bpd, according […]
The American University of Iraq, Sulaimani (AUIS) is pleased to announce new institutional partnerships with the University at Albany, State University of New York (SUNY-Albany) and Miami University of Ohio (MUO). These collaborations will not only provide AUIS students with exciting new curriculum options and exchange opportunities, but also assist the University in fulfilling its […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A wave of 13 car bombs has struck mainly Shia areas in and around the Iraqi capital, Baghdad, killing at least 33 people and injuring more than 150, security and medical officials have […]
