More than 65 Chinese firms are participating in a fair in Najaf city.
Author Archive | GavinJones
Info2cell.com, the leading mobile application content and service provider in the Middle East, has announced the successful launching of three new SMS-based services for its subscribers in Iraq - including a BBC Breaking News Channel and dedicated SMS services for men and women
Prime Minister Salih will give the keynote speech at the Kurdistan Trade and Investment Conference in London, which takes place on June 15th and 16th June.
Crude oil markets have no room for additional supplies this year, the Organization of the Petroleum Exporting Countries (OPEC) said on 9 June, as it reported that its members had increased output last month.
"We resumed pumping to Ceyhan port on Friday with a test flow rate between 300,000 to 350,000 bpd and flow will be back to normal rates within 24 hours," the official told Reuters.
Ergil, headquartered in Turkey announced a second storage tank order for engineering, design, fabrication and supplying oil storage tanks and storage tank equipment for a power plant project in Iraq.
Iraq's government said it plans to embark on a roadshow June 27 to attract investments for projects including four domestic refineries worth more than $3 billion, pan-Arab Al Hayat daily reports Thursday.
Iraq will decrease its deficit to 8 percent over the next three years from 18 percent, the finance minister said on Wednesday, and envisioned a substantial increase in investment as a percentage of the budget.
Iraq’s government has ordered 500 Scania trucks, which are being assembled locally by the Iraqi state automotive company. Scania has also delivered about 30 trucks to private buyers since reentering the country at the end of last year.
Iraq, the only OPEC member not subject to quotas, experienced the largest rise in the month, with 121,300 barrels a day.
The pumping of Iraq's Kirkuk crude through Turkey to the Mediterranean terminal of Ceyhan is expected to resume Thursday
It says any improvements seen so far in world oil demand have been "overwhelmed" by increased supply and persistent worries about the stability of the world's economic recovery.