Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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. Govt Attempts to Solve Iraqi Kurdistan’s Housing Crisis Causes Even Bigger Problems Authorities in Iraqi Kurdistan are trying to solve the housing crisis in the area by handing out […]
The US government has filed a complaint against Kellogg, Brown & Root Services Inc. (KBR) and Kuwaiti companies La Nouvelle General Trading & Contracting Co. (La Nouvelle) and First Kuwaiti Trading Co. (First Kuwaiti) for submitting false claims in connection with KBR’s contract with the Army to provide logistical support in Iraq, the Department of […]
The Weir Group has announced it has signed a contract with LUKOIL to provide general maintenance services for the West Qurna-2 oilfield in Southern Iraq. The agreement, which is for two years and is estimated to be worth a total ofUS$98m (£59m), will see Weir engineers deliver mechanical, electrical, maintenance and pipeline services for the […]
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. Six Years to Build a Short Road: Corruption and Construction in Karbala Despite the city’s tourism wealth, Karbala city officials say they don’t have enough money to complete important […]
The Middle East Association (MEA) and British Expertise will be leading a joint trade mission to Iraqi Kurdistan, visiting Erbil and Slemani, from 22nd-27/28th February 2014. Register your interest today to confirm your place. This mission will have a particular focus on Education, Training, and Skills, Construction and Infrastructure Development. The MEA and British Expertise […]
Korea's STX Heavy Industries has announced another major contract win in Iraq. The $99.5-million deal will see the company build a new gas treatment facility at the Gharraf [Garraf] oilfield. Malaysia’s state oil firm Petronas holds 45 percent of the Gharraf project, Japan Petroleum Exploration (Japex) 30 percent, and Iraq’s North Oil Company (NOC) 25 percent. […]
Abu Dhabi's Bristol Vehicle Manufacturing Division (Bristol VMD) has announced it has rolled out seven new fire-fighting and emergency response vehicles as part of a multimillion-dollar contract with Russia's Gazprom Neft. ConstructionWeekOnline reports that the new fleet of vehicles -- five oilfield fire-fighting vehicles, one rescuer and pollution-control vehicle, and a water and foam support trailer […]
Around €75 million of development support will be made available to Iraq during the period 2014 – 2020, has today announced European Commissioner for Development, Andris Piebalgs (pictured), during a meeting with the Iraqi delegation led by Foreign Minister Hoshyar Zebari. The three proposed main areas of cooperation are: Rule of Law and Human Rights, […]
Iraq's National Investment Commission (NIC) decided to reduce the down payment required to buy housing units at the new Bismayah development. NIC Chairman Dr. Sami al-Araji said that following requests from the public, the down payment would be reduced from 25 percent to 10 percent. He added that work at Bismaya, the biggest housing project […]
The deputy head of the Iraqi businessmen’s association, Tariq Saleh, has said that around 600 major projects worth $189 billion are frozen in Iraq due to the government’s failure to enforce a funds management law. He told Al Mada: "[The projects] have simply been stalled or suspended because of the government’s failure to enforce laws […]
By John Lee. Oilfield services company Baker Hughes Incorporated has warned the markets that it will take a hit of $80 million as a result of the disruption to its operations in Basra. The company said in a statement: "Following the disruption to its business in Iraq during the fourth quarter, Baker Hughes resumed operations […]
By John Lee. Jordan and Iraq have agreed on executing an oil pipeline to export Iraqi oil through Jordan. KUNA reports that the agreement came after a high-ranking joint meeting attended by the energy ministers of the two countries. The pipeline will pump one million bpd of Iraqi crude to the Red Sea port of […]
