An estimated 7,000 km (4,400 miles) of new pipeline will need to be built in Iraq if the country is to meet its oil export targets, according to Penspen Group Chief Executive David Stanley. According to a report from Pipelines International, Mr Stanley underlined the need to repair and reinforce Iraq’s two existing major export […]
A final investment decision on investment for the Nabucco pipeline will definitely not happen this year, and will be delayed until 2011 because gas supply talks with Azerbaijan are dragging on, an Austrian newspaper reported on Friday. The 7.9 billion euro ($11 billion) Nabucco pipeline is part of the EU's effort to diversify its natural […]
A U.S. Army officer who approved supplies contracts in Iraq was sentenced Friday to 21 months in prison for lying about contents of a package he sent to the United States containing more than $100,000, according to a report from Associated Press. Maj. Charles E. Sublett pleaded guilty in July to sending almost $108,000 in […]
The French Ambassador in Iraq, Boris Bouillon, announced the opening of a new consulate in the southern city of Nassiriya which is hoped to encourage French investment in Iraq. France has appointed Adel el-Kenzawy, a businessman of French-Iraqi nationality, as its consul in al-Naseriyah, Boillon told the German Press Agency. The new consulate is a […]
The Ministry of Construction and Housing (MoCH) in Iraq marked World Habitat Day by launching the Iraq National Housing Policy in a ceremony held in Baghdad. The policy will respond to housing needs in Iraq and ensure the right of housing and adequate shelter is granted to all people in Iraq. Iraq’s housing shortages stand […]
The Iraqi Industry Ministry signed a contract with a Lebanese firm to supervise the start-up of a gas-fueled power station in the al-Hurriya city, northern Baghdad. “The station’s start-up work will take three months,” the ministry said in a statement on Thursday as received by the Aswat al-Iraq news agency. It noted that the firm […]
By Dr Michael Knights, Vice President and lead Iraq analyst at Olive Group. On 1 October, Prime Minister Nouri al-Maliki received the endorsement of just over 140 parliamentarians, drawing close to the 163 votes needed to be re-appointed. I’m on record as predicting that this step will most likely bring about a new Maliki-led government, […]
As our weekly newsletter goes to press, BP has just announced a major new event for contractors interested in its giant Rumaila oilfield. There will be opportunities in the areas of: Engineering and Project Management Services (EPMS); Engineering, Procurement and Construction (EPC); and Construction. This is hugely significant to the development of Iraq's economy, as […]
As the lead contractor for the development of the super-giant Rumaila field in Southern Iraq, and on behalf of partners PetroChina Company Limited and the Oil Marketing Company of the Republic of Iraq, BP Iraq NV will be holding a Share Fair event at the Conrad Hotel in Istanbul on 22 November 2010. The objective […]
Further to BP's Share Fair event for contractors interested in working at the giant Rumaila oilfield, the consortium partners have prepared a very informative presentation on the project. Please maximise your browser window and click on the following pages to view the company's plans for what will be the world's second largest producing oilfield:
Baghdad Investment Commission has granted 11 new permits to invest $243 million [290 billion Iraqi dinars] in different sectors of the Iraqi capital. “The investments will embrace the sectors of housing, commerce, tourism, and industries,” the commission said in a press release on Wednesday, according to Aswat al-Iraq news agency. It explained that the commission […]
Kurdistan Regional Government (KRG) officials hosted a delegation of prominent South Korean companies on Wednesday in the first meeting of the Kurdistan-Korean Business Forum. South Korea’s Ambassador Suk Bum Park, Chairman of the Investment Board Minister Herish Muharam, and Head of the KRG Department of Foreign Relations Minister Falah Mustafa Bakir presided over the forum […]
