Iraq expects private investment in its economy to triple to $30 billion [36 trillion Iraqi dinars] this year, as energy, agriculture and housing projects accelerate now that the country has formed a new government, a senior government official said on Tuesday. Investment exceeded $10 billion last year, Salar Mohammed Ameen, vice chairman of the National […]
According to a report from Reuters, oil explorer Gulf Keystone sees itself increasingly as a potential takeover target, but has not received any serious takeover approaches so far. "As the political situation between Iraq and Kurdistan gets more and more stable... you have to think that somewhere along the line there'll be some kind of […]
Iraq exported an average of 2.163 million barrels of oil per day in January, up from 1.951 million bpd in December, its highest level since the 2003 U.S.-led invasion, a top oil official said on Wednesday. Falah Alamri, head of the State Oil Marketing Organisation (SOMO), told Reuters on the sidelines of an energy conference […]
Barham Salih, Prime Minister of Iraqi Kurdistan, said on Wednesday that the Region can employ an additional 25,000 people in 2011. The declaration came at the sidelines of the International Symposium for Kurdistan Health System Reform, currently underway in Erbil, according to the report from AKnews. The ministries of education and interior have priority for […]
By Thomas W. Donovan, Managing Partner at Iraq Law Alliance, PLLC. Introduction On December 20 2010 a new unity government was announced, whereby former Prime Minister Nouri Al Maliki maintained his position and Iyad Allawi, who won the most seats in the March 2010 election, joined in a special power-sharing deal. Unsurprisingly, the upstream petroleum […]
British training body OPITO has signed a landmark memorandum of understanding with the Iraq Ministry for Oil, Training and Development Directorate to help the war-torn country develop the skills and training necessary to enable exploitation of its hydrocarbon resources. With Iraq gearing up to produce 12 million barrels of oil per day, OPITO estimates they […]
The Kurdistan Regional Government (KRG) signed a broad agreement with the Veneto region of Italy in Venice to strengthen political, economic, and cultural ties. The Memorandum of Understanding (MOU) was signed on behalf of Kurdistan Region’s President Masoud Barzani by his Chief of Staff Dr Fuad Hussein, and by the President of Veneto Region Luca […]
Emirates has marked its 110th international destination today with its inaugural flight to Basra, the airline's first service into Iraq. Emirates is the largest international carrier to operate services into Iraq, helping link the country to the rest of the world through its convenient connections in Dubai. “Iraq is experiencing a surge in growth and […]
Infrastructure continues to be the key focus of reconstruction efforts in Iraq, as the country grapples with electricity shortages, a scarcity of housing and insufficient transport links. In BMI’s view, improving core economic social infrastructure provision should help place the country on the path to economic normalcy. The key areas of focus continue to be: […]
Iraq’s Ministry of Electricity has today issued a tender for the supply of equipment at Mosul power station. Please click here to download details (in Arabic only). The closing date for the receipt of bids is 15th February. The Ministry has also issued tenders for the rehabilitation of boilers in Salahadin. Please click below to […]
BMI’s Q1 2011 update on Iraq’s telecommunications market provides comprehensive coverage of recent developments in the country’s mobile, fixed-line telephony and internet sectors. This quarter sees our five-year growth forecasts for the country’s telecoms service sectors extended through to the end of 2015. Our new mobile subscriber forecast for Iraq incorporates the latest subscriber data, […]
Iraq wants Brazilian state-run energy company Petrobras to help the country increase its refining capacity, Iraq's vice prime minister for energy policy, Hussain Al-Shahristani, told Brazilian business daily Valor Economico. "Companies from China, South Korea and Europe are interested, but we would also like to have Petrobras involved because of its importance." Dow Jones reports […]
