Sharjah-based port operator Gulftainer has announced that it has opened berth 8 at Umm Qasr port in Iraq, according to a report from MEED. In September, the firm expects to introduce two mobile harbour cranes designed to handle all forms of cargo, that will ensure high efficiency at the berth. In February, the firm won […]
Iraq's Transport Minister, Shirwan al-Waeli [al-Waili], met with the deputy president of DP World (formerly Dubai Ports Authority) on Monday in Basra, to discuss signing a deal between Iraqi and Dubai ports, according to Aswat al-Iraq news agency. “Talks between the two sides tackled steps to implement the deal between the two sides,” said Anmar […]
The Kurdistan Democratic Party has filed a one billion US dollar defamation lawsuit, the largest in Iraqi history, against an opposition newspaper, the Metro Center to Defend Journalists, which represents the Journalistic Freedoms Observatory JFO in Kurdistan region, said on Monday. On July 20, Rozhnama, a newspaper affiliated with the main opposition group Change, published […]
A source in the Iraqi Ports Company said on Monday that Acting Transport Minister and Minister of Oil, Hussein al-Shahristani, visited several ports in Basra in a surprising visit on Sunday evening, while the security forces seized a number of smuggled cars in one of the ports in the province. "Oil Minister, Hussein al-Shahristani, arrived […]
By Ali Al-Mawlawi, Iraqi Institute for Economic Reform The Iraqi Ministry of Oil hosted a symposium on Sunday as part of efforts to include Iraqi civil society organizations in the Extractive Industries Transparency Initiative (EITI). The event was organized by the head of the Iraqi EITI, Alaa Mohie El-Deen, and brought together NGO’s nationwide, including […]
Iraq is about to sweeten the contract terms for its third bidding round for its three prized natural gas fields, in an attempt to entice international companies to enter the auction, according to a report in the Wall Street Journal. Unlike oil deals for the first and second bidding rounds for oil fields last year, […]
Iraq is currently losing oil revenues of 100 thousand barrels per day (bpd) because Kurdistan is not producing oil, the spokesperson of the Iraqi Oil Ministry said on Sunday. “Kurdistan will not affect the Iraqi budget by stopping oil production, but the country is losing additional revenues that can be used in the rebuilding processes,” […]
The spokesman of the Kurdistan Regional Government (KRG) rejected remarks made by the Iraqi Oil Minister, Hussein Shahrestani, on Sunday about illegal oil trade through the Kurdistan Region. Shahrestani called on the KRG to justify its position regarding exporting oil to Iran, in a statement made to the Arabic radio channel Sawa. "In accordance with […]
Security services in Basrah have seized tankers intended for the smuggling of oil, according to a report from Eye Media Company. A security source said the Police Directorate of South Oil seized a tanker containing more than 30 000 liters of white oil in Al-Berjisiah, west of Basra. According to News of Basra, the tanker […]
The Diyala State Company for Electric Industries has set out a new program to rehabilitate and renovate its operations. For this purpose it signed contracts worth 2 billion Iraqi dinars [$1.7m] with suppliers for the provision new equipment. A source in the company said that many contracts will be completed in between 2 and 7 […]
The Kurdistan Region imported nearly 10,000 Kg of gold in the first six months of this year, nine times more than last year, a source at the Region’s Jewelry Control Directorate told AKnews. Ismael Sabir, the technical administrator in Kurdistan Region's Jewelry Control Directorate, said that 9, 449 Kg of gold were traded in the […]
The United Nations released $650 million in Iraqi compensation to Kuwait on Thursday, the latest payment of a war reparation scheme that began in 1994. The payment brings the total sum of compensation paid to Kuwait to $30.1 billion dollars. A further $22.3 billion is due to Kuwait. Most of the latest round went to […]
