Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. ICR reports that a consortium of ASEC Cement and Iraq's Qemmet El-Iraq has won a contract to rehabilitate and manage the Muthanna Cement plant for 14 years. Attending a signing ceremony in Baghdad with Southern Cement, the state holding company that controls Muthanna Cement, ASEC Cement Chairman and CEO Giorgio Bodo said: […]
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
By John Lee. The German company Gebr Pfeiffer has received another order from China-based Sinoma (Suzhou) Construction Co Ltd for a cement raw material grinding mill in Sulaymaniya. According to a report from Global Cement, the "MPS 5000 B" vertical roller mill has a capacity of 500tph at a product fineness of 10 per cent […]
By John Lee. General Dynamics Land Systems has been awarded a $56,481,809 cost-plus-fixed-fee, non-option eligible, non-multi-year contract modification (P000109) of contract (W56HZV-13-D-0015) for continuation of contractor logistics support and base life support services in Iraq. This is part of Foreign Military Sales to Iraq. Performance location will be Iraq with funding from fiscal 2013 Other […]
By John Lee. Oil minister Abdul Kareem Luaibi [Elaibi] has confirmed that BP is interested in getting involved in the redevelopment of the giant Kirkuk oil field, which is suffering from falling output. According to a report from the Wall Street Journal, production at the field has declined to 260,000 barrels a day from 900,000 […]
By John Lee. On September 1st, Mitsubishi Heavy Industries Ltd (MHI) will open an office in Basra, the second-largest city in Iraq. MHI aims to respond swiftly to emerging large-scale social infrastructure improvement projects supported by its vast oil reserve and rapidly increasing reconstruction demand from warfare and economic sanction. The new office will function […]
Starwood Hotels & Resorts Worldwide has signed an agreement with Mase Co LLC, a company managed by Brilliant Role Group, to open a new-build Sheraton hotel in Dohuk, in the Kurdistan Autonomous Region in northern Iraq. Scheduled to debut early next year, the Sheraton Dohuk Hotel will be the first of four new Starwood hotels […]
Petrofac has been awarded a second contract by Gazprom Neft Badra B.V. on the Badra Oil Field, situated 160km southeast of Baghdad City in the Republic of Iraq. Worth US$95 million over three years, the contract was awarded to Petrofac's Offshore Projects & Operations (OPO) business to provide maintenance engineering, maintenance execution and support services. […]
By John Lee. Iraq has selected five additional international oil companies to bid for the development of its $4.4-billion Nassiriya oil field and the construction of a new 300,000 bpd refinery, reports Reuters. The companies added to the list are: France's Maurel et Prom; Russia's Rosneft; Essar UAE India; South Korea's GS Engineering & Construction […]
By John Lee. Reuters reports that Iraq is still undecided about whether to carry out full maintenance on its Basra oil export terminals in September. According to the report this has created even more uncertainty for an oil market already worried about disruption in Libya and Egyptian unrest. Despite a report in July to the […]
Iraq's Ministry of Electricity has just promised that shortages will be eliminated by the end of the year. Readers of Iraq Business News will remember a previous commitment, made in strident terms just four months ago, to end blackouts by the end of October. Ministry spokesperson Musaib Mudaris claims the country now produces around 11,000 […]
By John Lee. The Ministry of Electricity’s 2013 budget has soared to $14 billion to help it end power outages in the country, reports Azzaman. But the ministry’s spokesperson Musaib Mudaris said the blackouts will continue until the end of the year, by which time output will reach 13,000 megawatts, enough to meet the country’s […]
