Iraq Business News is receiving reports of serious disruption to commerce in Iraq caused by new requirements for import licences introduced at the start of the year. According to the newspaper al Sabaah, the new requirements have led to major delays and backlogs of traffic at border crossings and ports, and as a result the […]
Bloomberg reports that Iraq has awarded gasoline and gasoil supply contracts for the first half of the year. Traders Trafigura Beheer BV, Glencore International AG, and International Petroleum Group of Kuwait won contracts to supply gasoline through June, three of the people said, asking not to be identified since the discussions are confidential. Iraq will […]
Two new sub-contracts have been granted for two local companies to participate in developing the Badra oil field in southern Iraq’s Wassit Province, Aswat al-Iraq reports on Thursday. “The Russian Gasbromneft Company [Gazprom Neft], which won the contract to develop [the] Badra oil field, 90 km to the east of Kut ... has decided to […]
Iraq's Oil Projects Company seeks bids for an LPG loading and unloading station at the Samawa (Sumawa) depot. The deadline for the receipt of bids is 12:00 noon on 15th February. Please click here to download details.
Iraq's Midland Refineries Company has issued tenders for the supply of various trucks and cranes for its Daura [Doura, Dora] refinery: Dump trucks Mini cranes Truck trailers 60-ton cranes 35-ton box trailers
Iraq's Oil Products Distribution Company is looking for supplies of spare parts for Caterpillar fork-lifts. The deadline for the receipt of bids is 2pm on Sunday 16th January. Please click here to download details.
Iraq Ministry of Trade has issued tenders for the supply of 100,000 tonnes of white sugar. Closing date for bids is mid-day on Monday 17th January. Please click here to download the details in English, and here to download the Arabic version.
Iraq's Minister for Reconstruction and Housing, Mohammed Daraji, said a new large hospital will be constructed in Maysan [Missan] province. Daraji told AKnews that the 260-bed project has been allocated 35 billion Iraqi dinars (IDQ) [$30m] from the ministry's budget. The three-floor maternity and emergency hospital will be constructed during 2011 over an area of […]
Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company, fell 10% on Thursday morning following an update on operations at its Sangaw North block (53.33% working interest) in Kurdistan. Since the last update on 23 November 2010, operations have been conducted to remove the hydrocarbon gas, containing approximately 0.5% […]
Another wild-card was thrown into the Iraqi mix on Wednesday with the return of radical Shia'ite cleric Muqtada al-Sadr from nearly four years of self-imposed exile in Iran. A fierce opponent of the United States and head of Iraq's feared militia, the Mehdi Army, al-Sadr's return was reportedly low-key, and was not entirely unexpected following […]
The Province of Nineveh [Ninawa], of which Mosul is the capital, will soon turn into a major oil producing region in Iraq, with output estimated at 200,000 barrels a day, an Iraqi oil official said. According to the report from Azzaman, the official, who refused to be named, said the crude will mainly flow from […]
Iraq plans to almost triple power generation capacity to 17,000 MW by 2013, mostly through building new plants, Masaab Serri, an Electricity Ministry spokesman, told Bloomberg. Iraq plans to invite bids later this year for the construction of three power plants to boost output by 1,500 megawatts, he said on Tuesday. One plant is to […]
