By John Lee. Valerus has been awarded a contract to provide more than 45,000 bhp of compression and onsite supervisory services for oil and gas processing facilities being developed in Iraq. The award positions Valerus as Iraq’s largest supplier of reciprocating compression equipment and services. Valerus has installed large compression facilities throughout the Middle East, […]
By John Lee. The Croatian civil engineering company Ingra has signed a $1.5-million hydro-electric deal in Iraq. Under the six-month contract the company will upgrade five 80MW generators at the Dokan hydro-electric power plant in Iraqi Kurdistan. Ingra said it expects to sign several more deals for works on other hydro power plants in Iraq, where […]
By John Lee. Starwood Hotels & Resorts Worldwide announced it has signed an agreement with BCD Co. to introduce its destination sensation brand, Aloft Hotels, to Iraq's emerging commercial hub. The opening of the new Aloft Erbil in 2015 will mark the launch of the Aloft brand into Iraq. Created to shake up the traditional […]
The respect and protection of human rights in Iraq remains fragile as the country continues its transition from years of conflict and violence to peace and democracy, says the United Nations in its most recent Report on Human Rights in Iraq, which covers the period from 1 January to 30 June 2012. Violence remains of […]
By John Lee. Iraq's Ministry of Electricity has announced that a contract was signed with the Japanese Mitsubishi Corporation to supply Iraq with 400 KV transformers. The contract, to be delivered within 18 months, is valued at $38 million. (Sources: NMC, Aswat al-Iraq, AIN)
By John Lee. Iraqi Railways signed a contract to import 10 passengers trains from a Chinese company. Aswat al-Iraq reports that the contract is valued at $115 million. (Source: Aswat al-Iraq)
By John Lee. Several Italian companies expressed willingness to invest in Najaf, reports AIN. According to the report, Dand Group and consortium of Italian companies are interested in building a brick factory in the province. The head of Najaf Investment Commission, Wafi al-Bahash, told the news agency: "This industrial offer deserves to be studied .. the […]
By John Lee. The Governor of Maysan [Missan] province, Ali Dawai Lazim, has met the Planning Minister Ali Shukri (pictured) to discuss developments in the region. During the meeting, the Minister approved the allocation of funds to build 1,000 residential units in Maysan. (Source: AIN)
By John Lee. A member of the Parliamentary Finance Committee has ruled out dropping the three zeros from the Iraqi currency in 2013 because "the ground is not prepared yet". MP Majida al-Timimi told AIN: "The process of deleting zeros from the Iraqi currency in 2013 depends on the nature of the policy of the […]
By John Lee. Iraqi President Jalal Talabani (pictured) has suffered a stroke and is being treated in hospital. A statement on his website said he was admitted on Monday night suffering from "fatigue and tiredness". His medical team is trying to stabilise him. According to the report from BBC, Mr Talabani has struggled with his […]
Kentz has announced the award of three individual, reimbursable, service contracts in Iraq with a total value to the company of circa US$55 million, through its Technical Support Services business unit. Across the three projects, Kentz will provide services over the next three to four years that will oversee the development of in-plant process facilities […]
On December 14, the first cargo with 2 million barrels of crude oil from Iraq's Halfaya Oilfield left Basra for China, indicating that China National Petroleum Corporation (CNPC)'s Halfaya Project has entered investment payback period ahead of schedule. Halfaya Project is the first to become operational and begin investment recovery amongst the seven international projects that […]
