The Ministry of Electricity in Iraqi Kurdistan has signed a contract with a Turkish Company to connect electrical power lines between the provinces of Sulaimaniya and Erbil. Kurdistan’s Electricity Minister, Yassin Sheikh Abu-Bakr, has signed a contract on Sunday with the Turkish ‘Shar’ Company to build these lines, adding that the total cost of the […]
Bloomberg reports that Iraq has named its new planning minister, but has yet to agree on top security posts, three months after Prime Minister Nuri al-Maliki’s cabinet was formed. Lawmakers in Baghdad voted unanimously to appoint Ali Youssef Abdel Nabi, according to the website of his political party, the Sadr Trend, which is led by […]
The Iraqi electricity ministry has given the thumbs up to the construction of two new power stations with a capacity of 600 megawatt in Maysan [Missan], according to Aswat al-Iraq. “One station with a capacity of 100 MW will be set up in al-Batira, (5 km) north of al-Amara, while the other will be near […]
The Norwegian ambassador to Iraq said his country intends to open a representative office in Kurdistan soon. The official added his country intends to set vocational training for Iraqis. The step is one of the plans to boost the economic, political and cultural ties with Iraq and the Kurdistan Region, Peter Olberg told AKnews Sunday. […]
Iraq's Council of Ministers has formed a special committee to study the legal aspects of the international agreements related to the water share, in order to define the share of Iraq’s neighboring states from the water of Tigris and Euphrates Rivers, according to Aswat al-Iraq. “The question of water received exceptional attention during the recent […]
Britain's Middle East Association (MEA) will be hosting a business briefing with Patrick Crawford, CEO of Export Credits Guarantee Department (ECGD) on Wednesday 27th April. In February, the UK Government announced a number of new products to be offered by the Exports Credit Guarantee Department. One of the Government’s aims is to ensure that UK […]
The Director General of BOTAS (Boru Hatlari ile Petrol Tasima AS), Turkey's state-owned Petroleum Pipeline Corporation, said on Sunday that "during recent talks in Iraq, the Iraqis asked for assistance to re-build a 40 inches petroleum pipeline that was destroyed. We told the Iraqis that we are ready to help them". Speaking in southern province […]
Iraq's crude oil exports fell 2% in March to 2.159 million barrels a day, from 2.202 million barrels a day in the previous month, due to several days of bad weather at the Southern terminals, and damage to part of the northern export pipeline from an act of sabotage, Dow Jones Newswires reports. A senior […]
By Lisa Knight, Creative Director & Founder of The Brand Foundation. Multinational brands have been and continue to land in Iraq, attractive to Iraqi nationals perhaps due to the trade embargos of the past, and Saddam's dislike of Iraqi's owning western brands. It is hardly surprising that brands that were formerly unavailable domestically are now […]
Petrofac, the international oil & gas facilities service provider, has confirmed it has been awarded a contract in excess of US$240 million by Shell Iraq Petroleum Development B.V. for developments in the Majnoon Field, Southern Iraq. Under the competitively tendered contract, Petrofac is providing engineering, procurement, fabrication and construction management services for the development of […]
DNO, the Norwegian oil company with operations in Iraqi Kurdistan, has announcee that the bond offering it announced on 9th March has been completed on 30th March, 2011. The bond issue was split between a USD tranche of approx. USD 140 million and a NOK tranche of approx. NOK 560 million, for a combined amount […]
Prime Minister Recep Tayyip Erdoğan in a historic visit today became the first Turkish premier to visit the Kurdistan Region. Together with President Masoud Barzani, they officially opened Erbil International Airport (EIA) and Turkey’s Consulate in Erbil. After welcoming Prime Minister Erdoğan and the rest of the distinguished guests, President Barzani said that he was […]
