DNO reports a working interest (WI) production of 9,883 bopd in November. The November net entitlement production was 6,355 bopd at an average realized oil price of USD 62 per barrel. As the local sales from the Tawke field recommenced in the beginning of December, the Company expects a WI production of around 20,000 bopd […]
Aswat al-Iraq reports that projects financed by a US$90 million credit line from the World Bank have been implemented in Iraq. The projects include the construction of several roads in southern Iraq’s Wassit and Najaf Provinces, construction and rehabilitation of 10 main roads and 4 bridges in western Iraq’s Babel and southern Iraq’s Muthanna provinces. […]
UNOPS, the United Nations agency assisting UN organizations, international financial institutions, governments and non-governmental organizations, in the areas of 'peacebuilding', humanitarian and development operations, has issued a tender to conduct a survey of micro-, small- and medium-sized businesses in Iraq. Proposals must be received by UNOPS on or before 30 December 2010, at 10.00am Amman, […]
The following article was published by STRATFOR Global Intelligence. It is reproduced here in full with their permission. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With Iraqi Prime Minister Nouri al-Maliki and al-Iraqiya List leader Iyad Allawi meeting in Baghdad Tuesday night, a […]
Camp Bucca, the sprawling former prison once run by the U.S. military in southern Iraq, will be turned into a commercial center with offices, warehouses, aviation and fuel services to support investors, Associated Press reports. Haider Ali Fadhil, the head of Basra Investment Commission, said the $245 million-deal with the Iraqi Kufan Group and the […]
The following profiles of the top ministers ihttps://www.iraq-businessnews.com/wp-admin/post.php?post=14895&action=edit&message=10n the new Iraqi cabinet are based on information from Reuters and Associated Press: -Prime Minister: Nouri al-Maliki, Shiite, the current premier. Al-Maliki, 60, was first installed as prime minister as a compromise candidate in 2006 but barely hung onto the job this year when his political coalition […]
The Speaker of Iraq's parliament, Osama Nujaifi, and Prime Minister Nouri al-Maliki, announced on Monday that the parliament will vote tomorrow [Tuesday] on the formation of a new cabinet, according to AKnews. "The committee that was set up by the parliament today to study the cabinet file and the government program will submit its report […]
The Iraqi parliament has announced that it has cut some 26 million Iraqi Dinars (about US$22,000) from the remuneration of MPs who did not attend sessions last month, and said that more will be cut this month. The monthly salary of each Iraqi MP is 13.5 million Iraqi Dinars (about US$11,200) and they receive an […]
Sinoma (Suzhou) Construction Company, a subsidiary of the Chinese Sinoma International Engineering, has signed a $112.5-million deal with Iraq-based investment firm Mass Iraq for the construction of a cement plant. Both parties will build a cement plant with an annual capacity of 5,300 tons per day in Sulaymaniyah. The scope of the deal includes the […]
Direct flights between Iraq and China will commence in January, according to a report from AKnews. Ziya Qurayshi, an advisor to Nouri al-Maliki, told the agency that the two countries have agreed to re-open the route after completing all the official and technical procedures. The economic embargo imposed on Iraq in 1990s due to the […]
"Major progress" is reported in negotiations between Iraq's Oil Ministry and the local government in Anbar Province in western Iraq regarding the contracts to develop the gas fields in the province. Aswat al-Iraq quotes Assem Jihad, a leading Oil Ministry spokesman, as saying on Sunday that “the Oil Ministry has discussed with Anbar Province and […]
Southern Iraq’s Grand Faw Port project, recently approved by the Council of Ministers, will provide employment opportunities for 150,000, according to the National Coalition on Sunday. “The Grand Faw Terminal, approved by the Council of Ministers in 2004, is considered one of the most important projects that can achieve revenues in billions of dollars for […]
