Kentz Corporation (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group, has announced an agreement with the Dome Group, a leading supplier of equipment and services to the Middle East energy sector. The framework agreement results in Kentz taking a 49 per cent interest in Dome General Contracting Company Ltd. (Iraq) for […]
Baghdad’s Mayor, Sabir al-Issawi, called on Swedish firms to participate in redevelopment projects in the Iraqi capital. “Al-Issawi received an official Swedish delegation in his office in Baghdad,” said a release issued by the Baghdad Mayoralty on Monday, as received by Aswat al-Iraq news agency. It explained that the two sides discussed methods to reinforce […]
Iraqi authorities are working on plans to resolve the housing crisis in the country, despite problems hindering investments in the sector, the chairman of the National Investment Commission told AKnews on Monday. "The investment committee has worked on planning to implement important projects in the coming period to help solve the housing crisis," said Sami […]
The CWC Group understands the importance of Corporate Social Responsibility and has included a panel discussion in their programme for the Iraq Mega Projects 2010 Conference & Exhibition, which is taking place in Istanbul, Turkey at the Hilton Hotel on 26- 28 October 2010. The discussion will highlight the benefits to the contract winners of […]
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 […]
