Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Korea's STX Heavy Industries has won a $449 million order to build a 550-kilometer gas pipeline in northwestern Iraq. The pipeline, scheduled for completion in June 2017, will take gas from the Akkas gas field in Anbar, which is operated by Korea's KOGAS. (Source: STX)
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. Vacation Gridlock: Too Many Holidays Paralyse Karbala City Of all Iraqi cities, Karbala may well be the one with the most holidays. That’s because when there is a major […]
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In an interview with Al-Monitor, Basra governor Majid al-Nasrawi confirmed that his city had contracted a British security consulting firm (whose name he would not disclose before the completion of the contract) […]
According to Iraq Oil Report, the Ukrainian firm K&M Ltd. is tipped to win a $230-million contract to replace one of the two pipelines of the Iraq-Turkey Pipeline (ITP). If the firm has been selected by the North Oil Company (NOC) as its preferred contractor, the decision would still need the endorsement of the Oil […]
By John Lee. Canada's SNC-Lavalin has announced that it has been awarded a contract by the Iraq Ministry of Oil's State Company for Oil Projects (SCOP) to provide engineering services for the Iraq Export Pipeline Project. Working closely with SCOP, SNC-Lavalin will provide front-end engineering design (FEED); long-lead items tendering and evaluation; and engineering, procurement […]
By John Lee. John Crane, part of Smiths Group, has announced it will supply Italian pump designer Termomeccanica Pompe (TMP) products from across the company’s portfolio for the development of the Zubair Oil Field, one of largest in Iraq. The agreement covers mechanical seals and systems, high-performance couplings and hydrodynamic bearings used in the 24 centrifugal […]
The Iraqi government has reportedly approved a $256-million submission from Dutch shipbuilder Kuipers to supply it with eight cargo ships. The eight vessels, comprising three 55,000 dwt bulkers, three 1,200 teu container carriers, and two 18,000 dwt multi-purpose vessels, are due for delivery two years from the date of signature of a final contract. According […]
South Korea's Hanwha Chemical Corporation has announced that it has signed a letter of intent (LOI) to build a petrochemical plant in Iraq. South Korean news agency Yonhap reports that the LOI was signed in Seoul by the president of Hanwha Chemical, Bang Han-hong (pictured), and Iraq’s Deputy Minister of Industry, Mohammad Zain. Hanwha will build […]
A contract has been signed between the Lebanese company ViecoEast and Iraq's Al Fajr for waste water treatment plants. Delivery starts in January 2014. Vidoe of the signing can be viewed below: (Source: ViecoEast)
From The World Bank. A new project will reduce traffic fatalities by nearly 25 percent on two transport corridors connecting Iraq to its northern, southern and western neighbors and beyond. The US$355 million Iraq Transport Corridors Project, approved by the World Bank Board of Directors on Thursday, will improve road quality and safety and promote […]
By John Lee. Energy Global reports that the Turkish construction firm EID Insaat is to build a 120-km pipeline for ExxonMobil in Iraq. The $90-million project is expected to take approximately one year to complete. The company Chairman said that this was in addition to an 85-km long pipeline project currently under construction. The Iraqi […]
By John Lee. Aljazira Capital has raised its rating on Astra Industrial Group to overweight from neutral after the Saudi industrial conglomerate started a new steel millin Iraq. The Jeddah-based investment bank was initially expecting the melt shop of 450,000 metric tons/year of billet and mill of 300,000 mt/y of rebar to begin operations in […]
