Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Dozens of Iraqi refugees from the Bo-Nimir tribe, from the IS-controlled Anbar province, take shelter in makeshift homes in Ramadi, in northern Baghdad, as they wait for an opportunity to go back home:
By John Lee. The Central Bank of Iraq (CBI) has reported that 20 banks took part in its currency auction on Thursday. A total of $80,258,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. China Petroleum Pipeline (CPP) and North America Western Asia Holdings (NAWAH) have announced that the two companies have entered into an agreement to jointly pursue potential energy sector development projects in Iraq. Under the agreement signed during a formal ceremony in CPP’s global headquarters in China, CPP and NAWAH will seek an […]
By John Lee. Babylon Investment Commission (BIC) has invited investors to set up in the Industrial Zone at Al-Kefel, Babil. In a statement, the BIC said: Babylon Investment Commission is pleased to announce completing the procedures of specifying the Industrial Zone borders in Al- Kefel area to be extended on parts of the lots numbered […]
By John Lee. Parsons has announced that it was recently awarded the front-end engineering design (FEED) for South Oil Company’s Common Seawater Supply Project in southern Iraq. This landmark project will provide 12.5 million barrels of water per day (bwpd) of treated seawater to oilfields in southern Iraq. Parsons’ scope of work includes conducting 14 […]
By John Lee. Iran has issued a tender to build a second pipeline to carry natural gas to Iraq. Trade Arabia reports that the $1.5-billion project will be granted on a build-operate-transfer (BOT) basis, and all costs will be recovered through revenues from gas exports to Iraq. A pipeline will be built from the Iranian […]
By John Lee. Shell has reportedly signed a deal with Iraq worth $11 billion (12.8 trillion Iraqi dinars) to build a petrochemicals plant in Basra. On Wednesday, Industry Minister Nasser al-Esawi [Nasser al-Issawi] told a press conference that the Nibras complex would make Iraq the largest petrochemical producer in the Middle East. The news comes […]
By John Lee. Iraqi Transport Minister Baqr Jabr Al-Zubeidi (pictured) has said that Iraq is considering seeking foreign investors to fund the multi-billion-dollar Grand Faw [Grand Fao] port project. Emirates 24/7 quotes the Minister as saying that the transport ministry is unable to execute the $6-billion (7-trillion-Iraqi-dinar) project, and is considering awarding the project "on […]
By Samar Rassam-Whitticombe, CEO of Somer Industrial Projects (SIP). This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. As we wave goodbye to 2014, I am reminded of all the superb achievements of the last 12 months. The ever-changing shifts in the international socio-political scene have […]
The UNICEF Water and Sanitation (WASH) programme, with financial support from the European Union (EU) has started the implementation of a public awareness project to promote efficient water use and improved hygiene practices in Iraq. The project will engage 10 million Iraqis with messages on effective water conservation, water handling at the household level and […]
By John Lee. Kuwait's Al-Nasriyah Company has signed an agreement to build a new airport in Diwaniya. The $1.35-billion airport will be operated by the company under the 45-year contract. Following the signing ceremony, the Governor of Diwaniya, Ammar Al-Madani, said the airport will cover an area of seven dunams (roughly 17,500 sq. m.) in […]
By John Lee. An Iranian company has struck a $40-million deal with Iraq for the supply of high voltage cables. Alireza Kolahi, the Managing Director of Abhar Cable & Wire Co., said the contract was won despite competition from Malaysia, South Korea, Turkey, Italy, Germany, Switzerland, UAE and Saudi Arabia. He said the Iraqi electricity industry […]
