The general manager of Najaf International Airport said on Monday that automatic booking machines are being installed at the airport to allow bookings through the internet. Sadiq al-Laban told AKnews, "The automatic booking system is modern and sophisticated. It would facilitate and confirm bookings through the Iraqi Airways website, and through the official website of […]
A UAE company has agreed to build a residential and commercial compound in Karbala, the chairman of the Karbala council said on Monday. “A delegation from a UAE company has wrapped up its several-day visit to Karbala, during which it expressed an interest in implementing tourism and hotel projects in the province, as it has […]
Sterling Energy Plc, the AIM-listed independent oil & gas company with operations in Iraqi Kurdistan, provided an update this morning on its exploration well at Sangaw North. Further to the announcement dated 6 August 2010, the repairs to the Sakson drilling rig have now been completed and the rig has resumed operations. Sterling's plan is […]
We reported yesterday on the new gas deal between the Kurdistan Regional Government and the German giant RWE. Today, a new row has broken out between Erbil and Baghdad regarding the legality of Kurdish oil and gas contracts. Aswat al-Iraq reports that the Iraqi Oil Ministry, through the State Organization for Marketing Oil (SOMO), claimed […]
Baghdad-born architect Zaha Hadid has been appointed to design a new headquarters for the Iraqi central bank in Baghdad, two months after an attack on the building left at least 15 people dead. Bloomberg reports that Hadid, aged 59, was approached by the Iraqi authorities earlier this year, before the attack, and initial talks about […]
"Seven years after the U.S.-led invasion, Iraq's petroleum industry shows signs of living up to the potential that American planners hoped for at the start of the military operation, a potential boost to the war-ravaged country's economic recovery. "After fits and starts, Iraq's oil production has rebounded to pre-war levels." So reports the Wall Street […]
Iraq's oil minister, Hussain al-Shahristani, has said Baghdad will consider applying OPEC quotas once its crude oil production reaches at least 4 million barrels a day in two to three years, according to an Associated Press report. He says there is no rush to discuss quotas with other members of the Organization of the Petroleum […]
Staff from the China National Building Material Company, CNBM, have started work on the construction of the first concrete factory in al-Muthana province. "The Chinese firm will construct the factory for an Iraqi investor," a local source told Aswat al-Iraq news agency. He explained that the total cost of the project is $270 million [320 […]
The Ninewa Investment Commission has granted 28 investment permits for investments totalling "more than $1 billion" [1.2 trillion Iraqi dinars] in the province. "The permits were granted to local businessmen to invest in the fields of agriculture, industry, tourism, health and education," a source from the commission told Aswat al-Iraq news agency. He explained that […]
The head of the Babil Investment Commission said on Saturday that they had received an offer from a U.S. company to build a 250 MW power plant in the province. According to a report from AKnews, Alaa Herba explained that American company 'California Source', which specializes in the energy sector, had submitted a comprehensive proposal […]
A delegation of Russian companies met with the chairman of Basra Council on Thursday to discuss investment opportunities in the city, a media official of the Basra council said. "A delegation of Russian companies’ representatives held a meeting with Jabbar Amin, with whom they discussed investment opportunities in the city," Hashem Ubeidi told Aswat al-Iraq […]
Works commenced on a project to pave five roads in rural areas at a cost of 2.711 billion Iraqi dinars [$1.6m], according to a spokesman for al-Hindiya district on Saturday. “Local firms embarked on a project to pave five roads in rural areas in al-Hindiya district, (20 km) east of Karbala, and other neighbouring districts,” […]
