Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The economy of the Kurdistan region of Iraq fluctuates according to the state of relations between Baghdad and the Kurdistan Regional Government. A key indicator of the region’s economy, real estate, […]
Iraqis came together on Sunday to agree on their country’s most pressing needs, and send a message to the international community on what issues should be prioritised after 2015. With only two years remaining before the deadline of the Millennium Declaration Goals (MDGs), the UN is consulting with a wide range of Iraqi civil society, […]
Plans to revive Iraq's rail system are gaining pace, reports Reuters. Last year the railway company opened a 32-km line between Mussayab [Musayyib, Musayyab], south of Baghdad, and the holy city of Kerbala to transfer hundreds of thousands of pilgrims during Shi'ite religious festivals. It is also building a new railway parallel to the old […]
By Raid Abu-Manneh. This article first appeared in Building, and is published by Iraq Business News with the kind permission of the author. A decade after the invasion of Iraq there are opportunities for UK firms in the country’s infrastructure sector. But they must be aware of the legal framework they will be working in. […]
By John Lee. Mondi has recently started full production at its new industrial bags plant in Sulaimaniyah. Together with local partner, Kaso Group, this greenfield project is set to strengthen Mondi’s industrial bags business in the expanding Middle East and North Africa region (MENA). The plant specialises in valve bags for the cement and building […]
Shell Iraq Petroleum (Shell) has awarded a commissioning services contract to Wood Group-CCC (WGCCC), a company equally owned by Wood Group PSN (WGPSN) and Consolidated Contractors Company (CCC), providing operations and maintenance services to the oil and gas and petrochemical industries in the Middle East. The contract is to commission the first phase of the […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has recorded a steady population growth, which reached its peak last year at 2.9% — one of the highest rates in the world, officials say. The growth comes at a […]
The Jakarta Post reports that Indonesia is likely to partner with Iraq to build oil refineries in Indonesia. The director general for oil and gas at Indonesia's Energy and Mineral Resources Ministry, Edy Hermantoro, is quoted as saying: "Both deputy energy ministers from the two countries have signed a memorandum of understanding [MoU] for cooperation […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is to launch a satellite at the end of this year as part of a scientific project dedicated to monitoring desertification and water shortages, whose repercussions have cast a shadow […]
Kartet, a subsidiary of the Turkish conglomerate Karadeniz Holding, has reportedly re-applied for a licence to export 200MW from Turkey to Iraq. According to the report from Argus, such exports ceased in 2011, but Kartet has applied to export power through the 154kV Turkey-Iraq power interconnector. The regulator EPDK will give other firms until 20th […]
South Gas Company, Shell and Mitsubishi today officially announced the commencement of operations of Basrah Gas Company, which will be the largest gas project in Iraq’s history and the world’s largest flares reduction project. Basrah Gas Company is a 25-year incorporated Joint Venture between Iraq’s South Gas Company holding 51% of its shares, Shell 44% […]
By John Lee. Reuters reports that BP has signed a deal with Iraq to build a new terminal at the port of Khor al-Zubair. Anmar al-Safi, spokesman at the General Company for Ports of Iraq, told Reuters: "BP will help Iraq build an advanced terminal to receive refined oil product shipments and also to export […]
