Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By Robert Tollast. Luay al-Khairullah has reason to be optimistic. As Chairman of the Dhi Qar Provincial Investment Commission, I spoke to him last year about the planned Nasiriyah Integrated Project (NIP) a 300,000 barrel a day capacity refinery not far from his home town. It's a project that will create much needed jobs and provide […]
By John Lee. SNC-Lavalin has announced that Kentz Corporation, a member of the SNC-Lavalin Group, has signed a Project Management Contractor Agreement in Iraq with one of the world's leading blue-chip International Oil Companies (IOC) for a three-year term with a potential value of up to approximately US$97 million (113 billion Iraqi dinars). The contract […]
By John Lee. Descon Engineering, an Abu Dhabi–based engineering, procurement and construction (EPC) company, plans to re-enter the Iraqi market. General Manager Muhmmad Iqbal Khan told the Khaleej Times that his firm has been absent from Iraaq of 25 years, but is looking again due to "exciting opportunities". (Source: Khaleej Times)
By John Lee. Iraq’s Minister of Electricity, Qasim Mohammad Abid Hammadi al-Fahadawi [Qassim al-Fahdawi] held a meeting with the French Ambassador to Iraq, Marc Barety, on Sunday. The Ambassador congratulated the Minister on his new role, and assured the Minister of the full support of the French government and private sector companies in the development of […]
By John Lee. A former Iraqi official said China would have the opportunity to play a big role in Iraq's reconstruction when the country is more stable. Samir Sumaida'ie (Samir Sumaidaie) (pictured), who was Iraqi ambassador to the US from 2006 to 2012, told Xinhua: "Although Iraq is still a fragmented country, sooner or later, […]
By John Lee. Kirkuk Governorate has reportedly renewed its demands on the central government to honour a pledge and build a $3-5 billion (3.5-5.8 trillion Iraqi dinar) oil refinery in the province. Alsumeria News quoted the acting chairman of Kirkuk Provincial Council as saying that the project has been on the cards since 2007, but […]
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. Real Estate Wreckers: While Ordinary Basra Families Suffer, A New Upper Class Profits Real estate prices in Basra are rising dramatically thanks to the oil industry, the province’s economic prowess […]
By John Lee. A drop in cement volumes in Iraq has reduced Lafarge's third-quarter turnover by €24 million. In its results statement, the company said its ability to transport cement across the country was limited. Excluding the volume impact due to the specific situation in Iraq, cement volumes increased 3% at 'constant scope' in the […]
By Robert Tollast. “How is electricity?”, I asked. “Excellent” replied Marwan, a young student of Physics at the University of Dhi Qar. Marwan (not his real name) is studying wireless transmission, and one of his lecturers is currently in Leicester studying with a British Council initiative to bolster the academic capacity of Iraqi universities. Will […]
By John Lee. Reuters reports that Iraqi Kurdistan plans to increase the capacity of its oil pipeline to the Turkish port of Ceyhan to 700,000 bpd. Work to upgrade the line is expected to boost the flow from 280,000 bpd at present to 400,000 bpd by year-end, eventually reaching the design maximum of 700,000 bpd. A […]
By John Lee. Aswat Al Iraq reports that Iraq's Minister of Reconstruction and Housing, Tariq al-Khikani], has inaugurated two road projects in Najaf and laid the cornerstone for another two. The first road project is 26 km long, with a cost of 2.73 billion Iraqi dinars; the second is 27.15 km at a cost of […]
By John Lee. Iraq's Industry Ministry has invited three foreign companies to set up production facilities for agricultural tractors in Iraq. According to the report from Aswat Al Iraq, the terms of the deal would require the companies to source at least 40 percent of their parts from the state-owned Iraqi Mechanical Industries Company. The […]
