Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. UK-based heavy transport and installation contractor ALE has been awarded the DGS Zubair Oil Field Project. The project scope comprises heavy haulage, engineering and installation services. The DGS project has already commenced and ALE has received several shipments at Umm Qasr Port. A number of cranes, with a capacity ranging from 200t to […]
Hertz Global Holdings has announced that Hertz Equipment Rental Corporation (HERC) has entered into a franchise agreement with the Khudairi Group for the exclusive license to provide rental equipment in Iraq using the "Hertz Equipment" brand and proprietary system. This move will significantly add to HERC's existing network in the Middle East, with HERC Iraq […]
Veolia Water Technologies has been selected by HDGSK Joint Venture to supply a Zero Liquid Discharge Evaporator and Crystallizer for the Karbala Refinery Project in Iraq. Veolia will engineer, procure and deliver a Zero Liquid Discharge system based on its proven HPD® Brine Evaporator and Brine Crystallizer technologies for calcium sulfate seeded slurry processes. Iraq's […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Less Corruption, Less Money: In Iraq, Religious Construction Faster, More Efficient Than Government Projects Tourists coming to visit Karbala and Najaf can stop at one of the “visitor cities” built […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The political crisis in Iraq’s Kurdistan region has deepened after the Kurdistan Democratic Party sacked five ministers from the rival Goran movement. The move is likely to worsen two months of presidential dispute […]
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 […]
