Iraq Business News brings you the latest news on developments and opportunities in Iraq agriculture.
Reuters reports that a Japanese consortium is planning to build and operate a $2 billion fertilizer plant in Basra. Citing an article from Japanese business daily The Nikkei, they say the Japan International Cooperation Agency (JICA) will provide up to 150 million yen ($2 million) to Mitsui, Toyo Engineering Corp and Tokyo-based consulting firm Unico […]
Azzaman reports that Iraqi rice yields have dropped to 108,000 tons from an average 200,000 tons it used to produce annually, increasing the country’s reliance on imports. Iraq is estimated to have imported more than 1.5 million tons of rice last year. The country’s Grain Board said the year’s rice produce has already been shipped […]
KBR has announced that it has been awarded a contract by First Global Company to revamp the North Fertilizer Plant in Baiji [Beiji, Bayji], Iraq. Under the terms of the contract, KBR will provide a license for its proprietary Ammonia Process and related engineering services to increase the plant capacity to 120 percent of the […]
Food stocks in the governorate of Sulaimaniya are now less than two weeks according to Sirwan Mohammed, the head of Sulaimaniya Chamber of Commerce. He told AKnews that since last year his office has been demanding the government allocate land plots to the Chamber so that it can construct new storage units. He added that […]
A new silo with a storage capacity of 60,000 tons of wheat is under construction in Erbil province, according to AKnews. An advisor to the Iraqi Kurdistan Regional Ministry of Trade and Industry, Faris Majid, told the news agency that the new project, worth $21 million, occupies a 70-acres site on the Erbil-to-Gwer road in […]
Authorities in Iraqi Kurdistan are planning to build 12 dams in the semi-autonomous region in an attempt to save about 20 billion cubic meters of water per year, according to a report from AKnews. Currently, there are three main dams in the Kurdistan Region, two in Sulaimaniya province, and one in Duhok province, but these […]
The Ministry of Agriculture and Water Resources of the Kurdistan Regional Government (KRG) gave loans to almost 1,500 individual projects in 2011, reports AKnews. Nuri Ismael, The Ministry's loans and marketing director, told the news agency that the agricultural banks in Sulaimaniya, Erbil, and Duhok provinces as well as Garmiyan area have given a total of […]
Iraq's National Investment Commission (NIC) has announced an investment opportunity to establish new Foodstuff Testing Laboratories at the border crossing points. The labs will control all foodstuffs entering Iraq, and should be constructed according to special specifications that ensure the safe storage of all kinds of foodstuffs. They will be constructed according to investment law […]
AKnews reports that an Italian company is planning to set up an olive processing factory in the region. The KRG's Agriculture Minister, Jamil Suleiman, told the agency that the Ministry allocated 600 acres of land for growing olives, following a request from the company to facilitate the project. In the second phase, the Ministry will […]
Bloomberg reports that Iraq bought 400,000 metric tons of wheat from Russia, Australia and Canada. The amounts were: 150,000 tons from Canada; 150,000 tons from Russia; and, 100,000 tons from Australia, Hassan Ismail Ibrahim, director general of the Grain Board, told Bloomberg by telephone. The deadline for the tender expired on 4th December. Iraq plans […]
Iraq bought 120,000 metric tons of rice from India and Pakistan, reports BusinessWeek. The total amount consisted of 90,000 tons of the grain from Pakistan and 30,000 tons from India, said Hassan Ismail Ibrahim, director general of Iraq's Grain Board. Iraq consumes 1.25 million tons of rice a year, mostly imported, according to Ibrahim. The […]
Bloomberg reports that Iraq plans to import 3 million metric tons of wheat in 2012, with tenders starting in January. Hassan Ibrahim, director general of the country’s grain board, said in an interview that the grain board wants $3 billion to spend on grain imports next year, up 10 percent on the 2011 figure. Iraq […]
