Kurdish and federal Iraqi officials have agreed on potential mechanisms for paying oil firms operating in the Kurdish north but the proposals must be approved by the Iraqi cabinet.
Iraq, Kurdistan Closer to Solution on Paying Oil Firms
Author Archive | GavinJones
Tags: Kurdistan News, Oil Deals
Council of Ministers Agrees to establish Oil Company
The Council of Ministers agreed on Tuesday on the proposal presented by the Oil Ministry to establish the Central Oil Company (COC) with a capital of 100 billion Iraqi dinars.
Tags: Central Oil Company
Council of Ministers Authorises Finance Minister to use Japanese Loan
The council authorised the minister to invest the remaining amount of the Japanese loan of around $220 million in projects.
Tags: Investment, Japan
South Koreans Still in Talks for Steel Complex in Iraq
The Basra steel mill will have a capacity of 1.2 million-t/y of iron bars; 600,000-t/y of section steel; 1.2 million-t/y of hot-rolled products and a 500MW power station.
Tags: South Korea, steel
Basra Approves Free Trade-zone with Iran
Basra’s Investment Commission granted a permission to start a free trade-zone area with Iran.
Tags: Iran
Iraq Goes On A Building Spree
The largest housing projects are planned for Baghdad. In January, the Baghdad government announced that it would begin work on almost 300,000 apartments across the city - a British architect company was hired to design the project.
China writes off 80% of debts
The Iraqi government signed an agreement with the Chinese government to write off 80% of Iraq’s debts.
Iraq needs to be a member of WTO
Iraq aims to expand the export of goods through the reduction of customs and opening world markets for goods and services ......... except oil.
Tags: WTO
Oil Ministry: licenses of first and second rounds will not be reviewed
The licenses of the first and second rounds of the Oil contracts will not be affected by the governmental changes and there is no third licensing round in the future.
Tags: Oil Deals, Sharristani
Al-Shahrestani Urges Ministries to Facilitate IOCs
Minister of oil Hussein al-Shahrestani on Monday called for all Iraqi ministries and institutions to facilitate the work of the international oil companies working in Iraq.
Tags: IOC, Sharristani
Turkish Company Discuss Housing Project
The Basra investment commission said it received on Monday a delegation from a Turkish company, ranked 150 among construction companies worldwide, to discuss a housing project in the province, according to a commission statement.
Iraqi Ports Company Puts Port for Investment
The Iraqi Ports Company has called on international and local firms to invest in a Basra port.
Tags: Investment, Ports