Iraq is planning to establish a pipeline between the southern Iraqi city of Basra and the Iranian city of Abadan to expand its exports capacity, Econews reported.
Iran-Iraq Oil Pipeline Closer to Construction
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Tikrit, South Carolina Universities Sign Agreement
A delegation from the Tikrit University on Friday signed a scientific agreement with the U.S. University of South Carolina.
Government Amends Law to Encourage Investments in Refining Crude Oil
The Council of Ministers approved on Thursday the first amendment of the special investment draft law in refining crude oil to encourage the Iraqi and foreign private sector to invest in this field
Tags: Investment, refining
Kuwait: UN Pays $590 Mln in Damages for 1990 Invasion
A United Nations commission has paid 590 million dollars to nine successful claimants in connection with Iraq's 1990 invasion of Kuwait.
Iraq in Talks to Buy Hawk Jets from UK
The Iraqi government is in talks to buy Hawk trainer jets from the UK in a deal that could be worth up to £1bn and would be a boost for BAE Systems
French Shipping Major Revamps Iraqi Port Facilities
French shipping giant CMA CGM has confirmed that it will open its newly renovated deep water quay in Umm Qasr port
Iraq Signs Contract to Implement Water Strategy with Italian Companies
Minister of Water Resources, Abdulatief Jamal Rashied, signed on Thursday implementing strategic study of Iraq’s water and lands resources contract with Italian SGI and MED companies at a cost of $35.8 million
KBR Profit off 40 Percent As Govt Work Declines
KBR Inc, a U.S. engineering company, reported a 40 percent drop in quarterly profit on Thursday as its work in Iraq wound down and spending by many of its energy industry clients remained subdued.
Tags: KBR Inc
France is top investor in Iraq
Al-Dabbagh noted that "French companies have had a clear role in developing the economic and investment reality during the last period followed by the United States, Iran, and Britain, especially with regard to housing, construction projects and commercial goods.
Tags: France, Investment
US firm sees Iraq oil sector growth in phases
'Two or three years down the road, if they don't have a satisfactory judicial, fiscal and political atmosphere, they will hesitate before they go into the very large spending that will be required for the new development,'
Tags: Schlumberger
Iraq Oil Bases Sprout as Halliburton Chases Growth
Schlumberger Ltd., Halliburton Co. and Baker Hughes Inc. are among companies this past week that said they’re expanding operations in Iraq. Weatherford International Ltd., the fourth- largest oilfield-services provider by market value, will expand staff in Iraq to more than 1,000 by July, Chief Executive Officer Bernard Duroc-Danner told investors yesterday
Iraq seeking railway link with Europe
The outgoing Iraqi government announced Sunday that it was seeking to link Iraq with the neighboring countries and further with European countries by a railway system.