The pavilion will exhibit a model of the Hanging Gardens of Babylon, one of the ancient Seven Wonders of the World.
Iraq Participates in Shanghai Expo
The pavilion will exhibit a model of the Hanging Gardens of Babylon, one of the ancient Seven Wonders of the World.
Foster Wheeler AG announces that its Global Engineering and Construction Group has been awarded a feasibility study and FEED contract by the Iraqi Ministry of Oil - the proposed refinery will have a capacity of 300,000 barrels per day.
“This will be a strategic meeting to review energy skills and training requirements in Iraq and how these can be met/supported using the GetEnergy Events and GetEnergy Bridge software system as a platform” said Phil Andrews, CEO of GetEnergy.
The Show taking place on the 20th of June will be opened by Iraq’s Deputy Prime Minister and has been organised with the support of the US Commercial Service and Baghdad Provincial Reconstruction Team.
“The main issue to be addressed now is that of electricity supply. Another very important one is the development of the Iraqi infrastructure," said Majid al-Souri, an Iraqi economist.
"Iraq: the prize that outweighs all risks," was chosen as a title for a paper presented at a conference on doing business in Iraq that was held in Dubai recently. The situation in Iraq has changed a lot since the 2003 war.
As markets continue to saturate in the region, Iraq emerges as a new destination for investors in the hospitality and aviation sectors.
An OPEC quota of 6 million barrels per day (bpd) will be too low for Iraq and it expects its quota to be no less than that of OPEC's most influential member Saudi Arabia, Iraq's oil minister said on Thursday.
Al-Luaiby’s remarks could increase pressure on Baghdad to revise contracts awarded to foreign companies. Ayad Allawi’s Iraqiya bloc, which won the most seats in the recent parliamentary election, said it would like to review oil contracts signed with the majors.
“I ask them (political factions) not to throw the oil sector into the middle of their political struggles. They should leave the sector to the specialists to develop and improve oil output figures,” Jihad said.
Three managers of state-owned Iraqi banks have been arrested on suspicion of using bogus transfers to siphon off billions of dollars of government money to invest in private business.
The first international fair for food products and household items continue in Basrah for the third day, with over 40 Turkish companies, as well as a number of international and local companies.
