Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Shares in Gulf Keystone Petroleum (GKP) traded up almost 10 percent in early trading on Thursday, after the company confirmed that a gross payment of US$15 million (US$12 million net to Gulf Keystone) for Shaikan crude oil exports had been received. This October 2015 payment follows a similar payment in September 2015 and is in […]
Genel Energy has announced that company President Mehmet Sepil (pictured) has retired with immediate effect. Mehmet Sepil founded Genel Energy and was CEO from 2002 until the merger with Vallares PLC in 2011, when he became President of the Company. Tony Hayward, Chairman of Genel, said: "The history of the Kurdistan Region of Iraq's oil […]
By John Lee. The chairman of the Fund for Areas Affected by Terrorist Operations in Iraq, Abdel-Basit Turki [Abdel Basset Turki], has said that the cost of rebuilding the provinces of Diyala and Salahuddin is expected to reach $1.28 billion (1.5 trillion Iraqi dinars). He said that the reconstruction fund currently has only $350 million, […]
Further building on its partnerships to support Iraq’s power sector, GE (NYSE: GE) has received an order from Mass Global Investment Company to provide advanced gas turbines for a new 3-gigawatt (GW) power plant in Bismayah, only 30 kilometers away from Baghdad within a massive housing development project. The Bismayah plant will support Baghdad and […]
During the ATC Global exhibition in Dubai, France's Thales announced that it has been awarded a contract to supply one Instrument landing system with distance measuring equipment (ILS/DME) and all related services for Najaf Al-Ashraf International Airport in Najaf. The city of Najaf, situated in southern Iraq is the site of the Imam Ali Shrine […]
By John Lee. British-based quality consultant Intertek has won a third party inspection procurement contract for the South Oil Company (SOC). Accoring to a report from OilVoice, it is the first time the SOC has appointed a third party inspection company to help ensure the quality and safety of all their projects, which are contracted […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since the fall of Saddam Hussein's regime following the US-led invasion of Iraq in 2003, there have been hundreds of failed and delayed construction and development projects in the country. A few months after […]
By John Lee. Iraq's Ministry of Construction and Housing and Public Municipalities is reported to be about to sign a contract worth 10 billion dinars ($8.6 million) with an Iranian company to buy chlorine and alum for water purification. Tariq al-Kikhany (pictured) said that in view of the cholera epidemic that has hit a number […]
By John Lee. The Al Jayial Company, based in Baghdad, has been awarded a contract worth $271,200 (316 million Iraqi dinars) by the US State Department to carry out work at the US Consulate in Basra. The contract is described as a firm fixed-price purchase order for local fabrication and delivery of 16 latrine and […]
U.S. and coalition military forces have continued to attack Islamic State of Iraq and the Levant terrorists in Syria and Iraq, Combined Joint Task Force Operation Inherent Resolve officials reported today (Monday). Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Airstrikes in Syria Bomber and remotely […]
The Royal Institute of British Architects (RIBA) has today (24 September 2015) announced that the globally-renowned architect Dame Zaha Hadid will receive the 2016 Royal Gold Medal, the first woman to be awarded the prestigious honour in her own right. Given in recognition of a lifetime’s work, the Royal Gold Medal is approved personally by […]
By John Lee. A spokesman for Iraq's Ministry of Industry and Minerals has said that the ministry is about to finalise a partnership contract with French company Total to set up a giant petrochemical project in Basra province. Abdul Wahid al-Shammari made the comments following a visit by the company's representative in Baghdad. He said the […]
