Iraq may maintain an economic growth rate of about 7 percent this year, led by oil, Central Bank Governor Sinan Al-Shabibi said.
Iraq to Maintain Growth of 7% This Year
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UK Company Cements Iraq Deal
After winning the contract from the Iraqi ministry of industry and minerals, MerchantBridge will spend US$200 million on renovating and operating the plant under a 15-year lease.
Iraqi Airways Open First Mosul-Beirut Flight
Iraqi airways opened yesterday Friday the first Mosul-Beirut flight.
Tags: Flights, Iraqi Airways
German Lufthansa Opens Office in Baghdad International Airport
Iraqi ministry of transportation disclosed today Sunday that German Lufthansa for aviation has opened an office in Baghdad International Airport.
Italian Designs of Basra Big Port
It is expected that the project of Basra’s Big Port will cost around $80 billion, and will be executed by an Iraqi-U.S. firm in four years according to Italian designs.
CNOOC in Technical Service Contract for Iraq's Missan Oil Fields
China's CNOOC Limited has announced that, the Company, via its wholly owned subsidiary - CNOOC International Limited, together with Turkish Petroleum Corporation (TPAO), have signed a technical service contract (TSC) for the development and production of the Missan Oil Fields within Iraq.
Rosneft Ventures into Middle East
Rosneft, the Russian state oil company, has made its first foray into the Middle East with an agreement to develop projects with Crescent Petroleum, an Emirates-based private energy company.
Tags: Crescent Petroleum, Rosneft
Iraq Oil Ministry Calls for Third Bidding Round
Iraq's oil minister on Thursday invited international energy companies to bid for contracts to develop three untapped natural gas fields in Middle Euphrates Provinces.
Tags: Gas fields, licence round
UAE Companies Consider $70b in Investments in Iraq
Dubai UAE developers and companies are considering investments worth $70 billion (Dh257 billion) throughout Iraq, according to a top Iraqi official.
The Largest Private Equity MENA Deal of the Year to Close in Iraq
MerchantBridge, a direct investment and private equity company focused on Middle East investments, has now invested and managed in excess of US$1.5 billion in debt and equity in Iraq.
Baghdad Metro Projects on the Go
Baghdad Secretary Saber Al Issawi said that a contract was signed with a French international consultancy company to prepare the EoI requests for Metro Baghdad project - estimated cost ~$3 billion.
Iraq Aims to Roll out the Barrel
Iraq, which last year awarded ten contracts to oil majors, expects to boost oil output to 3.2 million barrels per day (bpd) by the end of 2011, a top official said.
Tags: Iraq Oil Production News