Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Genel Energy has said it has made significant progress on getting a pipeline to reach the Turkish border. Conversion of a pipeline in the Kurdish region from natural gas to oil could be finished as early as the fourth quarter of this year, reports UPI. The company said it expects exports to […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's government has said it will set up a commission to investigate the killing of at least 20 protesters by soldiers. On Tuesday, security forces raided a protest camp in the town of […]
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. Arab states no longer look at the Kurdistan Region of Iraq with suspicion and apprehension, especially after the regional capital, Erbil, was selected as the Arab Capital of Tourism for […]
AFP reports that Iraq has prepared contingency plans in case a dam on the Euphrates river in northern Syria collapses. The 880-MW dam, in Raqa [Raqqah] province, fell under the control of Syrian rebels in February. It is known as the Al-Thawra [Tabqa] or "revolution" dam (pictured), and was build in 1973; it holds back Lake […]
The Missan Oil Company (MOC) has announced that it has finished building a 1,700-metre runway in the Halfaya area. It will be used to transport employees of companies like CNOOC and Petrochina to and from the international airport at Basra. Mr. Ali M. Al-Bahadli, the director general of the MOC, said the runway is 30 […]
A state-owned Russian company is said to be in talks with Iraqi officials on the resumption of work at the Yusifiya power station of southern Baghdad. According to a report from AIN, a company identified as "Ross Tej" (sic) said: "The talks included the cooperation in the electric power sector and the possibility of resuming […]
Dubai-based Emaar Properties and Kurdish firm Farouq Holdings [Farouk] are reported to be in talks with the Kurdistan Regional Government about developing a new $3bn resort in Sulaimaniya governate. Zawya reports that the KRG has approved the Dukan tourist city project, and that work could start within six months. The director-general of the Kurdistan Investment […]
By John Lee. Tehran Times reports that Iran is to build a cement factory in Iraq. The factory’s products will be exported under Iranian brand names. The project involves the investment of $245 million, with production expected to start in two years' time. No location has been confirmed. (Source: Tehran Times)
Officials in Egypt have announced a new 2-million m2 free zone for Egyptian industrial projects in Iraqi Kurdistan. Following a meeting with the KRG's Minister of Trade and Industry, Sinan Chalabi [Senan Jalabi], the Chief of the Egyptian Commercial Body, Anwar al-Sahrjty, said: "The two sides agreed to study the possibility of establishing Egyptian plants […]
Iraq's cabinet has approved a $1.05-billion contract with Greek power plant builder Metka, a subsidiary of the Mytilineos Group, for the construction of a combined cycle gas power plant in Anbar. According to Sky News Arabia, the station will have the capacity of 1,642 megawatts, and it is to be completed within 32 months. Reuters […]
Avantha Group company CG (Crompton Greaves) has been awarded a $60-million contract for the turnkey construction of four high voltage GIS substations by the Electrical Transmission Project Office of the Ministry of Electricity (MOE) in Iraq. The company will design, manufacture, deliver and install the substations, thus helping upgrade and reinforce the existing 132 kV […]
By John Lee. Commenting in Oilprice.com on the newly-announced, $18-billion pipeline from Iraq to Jordan, John C.K. Daly says that while it is easy to understand the appeal of such a project in energy-starved Jordan, the geopolitical issues remain significant and seemingly unresolved. The 1,043 mile-long dual pipeline would be capable of transporting one million barrels of […]
