By John Lee. Saudi Arabia has approved a cooperation agreement with Iraq relating to maritime transport. The official statement following a meeting of the Saudi Cabinet said simply, "approving a cooperation agreement between the government of the Kingdom of Saudi Arabia and the government of the Republic of Iraq in the field of maritime transport," […]
By John Lee. Iraq Airways will reportedly start operating six flights per week from Pakistan. According to Associated Press of Pakistan, there will be four flights from Karachi and two from Islamabad, starting on 29th July, serving Baghdad and Najaf. The company appointed Wardah International Services (Pvt) Limited as its General Sales Agent (GSA) for […]
By John Lee. Iraq's Minister of Industry and Minerals, Mr. Manhal Aziz Al-Khabbaz, has officially opened a new fertiliser factory in Basra governorate. The plant, with a capacity of 1,500 tonnes per day, is a partnership between the State Company for Southern Fertilizers, and the UK-based AAA Holding Group. The opening ceremony was attended by […]
By John Lee. US-based Sallyport Global Holdings, part of the Caliburn International group, has been awarded a not-to-exceed $127,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in the support of the Iraq F-16 program. Work will be performed at Martyr Brigadier General Ali Flaih Air Base, Iraq, […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for June of 101,191,236 barrels, giving an average for the month of 3.373 million barrels per day (bpd), up from the 3.300 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately 97,980,589 barrels, while […]
By John Lee. The Khor Mor field in Kurdistan has again been subjected to rocket attacks. In a statement to the Abu Dhabi Securities Exchange, operator Dana Gas said: "Dana Gas (PJSC) informs the market that two small rockets landed within the Khor Mor Block in the Kurdistan Region of Iraq on the evening of […]
By John Lee. Baker Hughes has said its oilfield services (OFS) division has secured a four-year contract to provide artificial lift solutions for the Missan [Maysan] oilield in Iraq. In a statement announcing its results for the second quarter of 2022, the US-based company said the contract includes the supply of electrical submersible pumps (ESP), […]
By John Lee. The Iraqi Drilling Company (IDC) has recently completed the drilling of oil well 48 at the Nasiriyah oil field. The company's general manager, Engineer Basem Abdel Karim Nasser, said this was part of the contract with Dhi Qar Oil Company (DQOC) to drill 20 oil wells at the field in cooperation with […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Data: GCC Electricity and Iraq's Reliance on Iran In connection with the recent Arab summit in Jeddah, Iraq and Saudi Arabia are forging ahead with efforts to connect their electricity grids. The […]
By John Lee. The Iraqi government has decided to exempt the project to rehabilitate Mosul International Airport from the "contracting mechanisms that apply to government contracts and from the instructions for implementing the federal budget". The decison was approved at this week's cabinet meeting, chaired by Prime Minister Mustafa Al-Kadhimi. (Source: Govt of Iraq)
By John Lee. The Iraqi cabinet has voted to delay the issuing of export licenses for a variety of agricultural feed produce until October 1, 2022. The ban on exports applies to fodder barley, hay, and bran from corn residues, and was recommended by the Ministerial Council for the Economy. The decision is to enable […]
Ministry of Health and UNDP partner to address medical waste management challenges under $25m agreement The United Nations Development Programme (UNDP) in Iraq has signed a US$25 million agreement with Iraq's Ministry of Health (MoH) to strengthen medical waste management in the country. The agreement is part of the $100 million Iraq Covid-19 Vaccination Project […]
