Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
DNO ASA, the Norwegian oil and gas operator, today announced that a fourth well has been put on production at the Peshkabir field in the Kurdistan region of Iraq pushing total output past the previously published target of 30,000 barrels of oil per day (bopd). The Peshkabir-5 well is currently producing around 8,000 bopd from […]
The Iraq Governance and Security and Justice Programmes are key in delivering the UK’s mission to support the Iraqi Government and people as they build a stable, prosperous and democratic nation. Working with the Government of Iraq, the UN Mine Action Service (UNMAS) and the UNDP, CSSF funding has helped to rebuild essential infrastructure in […]
The Nineveh Governor Nofal al-Akoub and EU Delegation representative Mathieu Goodstein launched the Online Damage Assessment System in Mosul at the Governorate building. The system gathers information about the damage of vital facilities in a centralised data base and informs administration and donors on both needs and projects implementation in restoring stability and future development […]
By John Lee. Prime Minister Dr. Haider Al-Abadi has directed an additional 800 billion dinars ($669 million) to Iraq's housing fund. According to a statement from the Prime Minister's office, the directive "came in the interest of providing housing loans to citizens, which is estimated at about 25 thousand new housing loan, which in turn […]
Kuwait has donated 17 mobile electric generators with a total capacity of 30,000 kilowatts to Iraq, the Undersecretary of the Kuwaiti Ministry of Electricity and Water, Mohammed Bushehri has announced. In a press statement, Bushehri said the donation came “to alleviate the electricity crisis in the Iraqi city of Basra”. “In the light of the […]
The Iraq Britain Business Council (IBBC) has announced that OILSERV has joined the Council. OILSERV is an independent Oilfield Service Company founded with the purpose of providing world class solutions to clients operating across the Middle East and North Africa. OISERV’s comprehensive range of business lines covers the full life cycle of oilfield services, from […]
By John Lee. Protestors took to the streets of Basra for the fourth day on Wednesday, protesting the killing of a demonstrator by security forces, and demanding jobs and public services. According to AFP, protesters also blocked the road leading to the oilfields of West Qurna, while international oil companies (IOCs) have reportedly moved senior […]
IBBC holds annual Cumberland Lodge Conference with Political, Academic, Education and Business Experts, 6-8 July The Iraq Britain Business Council hosted its annual Cumberland Lodge Retreat on 6-8 July, inviting a host of political, business, academic and education experts to discuss the most pertinent issues relating to Iraq and its future. The title of the […]
The United Nations Development Programme (UNDP) and Erbil Governorate have launched eight infrastructure projects to improve services that are fundamental to daily life, such as electricity, water, roads, and sewerage, for over 284,000 people across the Governorate of Erbil. With the continuous support from the Government of Germany, UNDP’s Iraq Crisis Response and Resilience Programme […]
By John Lee. Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has said that Iraq is still in talks with Turkey and Kurdish regional authorities to resume exports of Kirkuk crude oil through the Turkish port of Ceyhan (pictured). He said that production from Kirkuk is currently 220,000 bpd, which is entirely used by local […]
Reconstruction and recovery in Iraq: Reviving the Spirit of Mosul The ‘Revive the Spirit of Mosul’ Initiative was presented on 30 June 2018 during the 42nd session of the World Heritage Committee. Launched by UNESCO Director-General Audrey Azoulay in February 2018, the Mosul Initiative is conceived in partnership with the Iraqi Government to integrate the […]
By Sadek Ali. Resounding Victory At the height of its reach, Daesh occupied almost 40% of Iraq’s territory. A tragedy for the communities they enslaved and also for Iraq’s economy: the area occupeid produced 80 thousand barrels of crude oil in 2014. The December 2017 liberation of Iraq was therefore a significant release for both […]
