Luay Jawad al Khatteeb, chief executive officer of Iraq Energy, discusses global oil supplies and tensions surrounding the Strait of Hormuz transit route. He speaks from Hong Kong with Caroline Hyde on Bloomberg Television's "First Look." (Source: Bloomberg)
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Tags: video
Iraqi Firm Signs $245m Housing Deal in Basra
The Iraqi company 'al-Saqr al-Jareh' has won a $245 million contract to build 1,857 housing units in the northern outskirts of Basra city. Khalaf al-Badran, president of the Basra Investment Commission, said that the project is to be completed within five years. Basra province needs 200,000 additional residential units. (Sources: Basra Investment Commission, Bloomberg)
Polish Firm Wins $25m Redevelopment Contract in Kut
Local authorities in Wassit have commissioned a Polish company to implement a project to rehabilitate and develop residential areas in the city of Kut, according to Aswat al-Iraq. “The project, which will cost ID30.578 billion [$25.5 million] as part of the provincial development budget (PDB) for 2012, will include the rejuvenation of residential districts, extension […]
Entico Corporation Prepares its Third Iraqi Summit
The Entico Corporation is pleased to announce the Maysan and Thi Qar Reconstruction & Investment Summit on the 12th and 13th of May at the Grand Hyatt Hotel, Dubai, UAE. The event will be held under the patronage of H.E. Dr Khudier AlKuzai, Vice President of Iraq. The southern Iraqi provinces of Maysan and Thi […]
Tags: conferences, Dhi Qar, Entico, Maysan, Maysan and Thi Qar Reconstruction & Investment Summit, Missan, Thi-Qar
Italy's Paresa Considered for New Tank Farm
A delegation from the Ministry of Industry paid a visit to the headquarters of Italian company Paresa on Wednesday to discuss the building of eight oil tanks for the South Oil Company. According to Aswat al-Iraq, each tank will have a capacity of 58,000 'cubic liters' (sic); we believe this should read 'cubic meters'. (Source: […]
Turkish Bid to Build Schools in Basra
The head of the One Stop Shop Department in Basra Investmetnt Commission (BIC), Eng. Jalal Al- Noori, announced that the Turkish company Visalr has submitted an investment project to build private schools in Basra. He said the education sector is a top priority for the BIC, and that Basra has suitable lands allocated for such […]
Rotondo Weirich Builds Its First Modular Precast Villa in Iraq
RW [Rotondo Weirich], through its division in United Arab Emirates, RW Middle East, has built the first modular precast concrete villa, located in Samawah City, Al Muthanna Governorate, Southern Iraq. This 2,500 ft2 villa demonstrates the technology and benefits of fast track precast modular concrete construction versus other methods of residential building in the gulf […]
Tags: Housing, Rotondo Weirich (WR)
Exxon Reaches Deal on West Qurna Payments
ExxonMobil has reportedly reached an agreement with Baghdad to be paid in oil for work on the huge West Qurna-1 oilfield. According to the report from Reuters, foreign oil companies involved in Iraq's oil expansion generally prefer to be compensated for capital expenditure and service fees in oil, because cash payments are more complicated to […]
Three Stadiums to Be Built in Baghdad
Three sports stadiums are set to be built in Baghdad under plans announced by Kamel Braihi, the director of the engineering and technical department in Iraq's Ministry of Youth and Sports, reports AKnews. He said the three stadiums, to be built to international standards, will be constructed in Sadr City, Rusafa and Tajiyyat. The contract for […]
Tags: Baghdad, Baland Baya, Iran, Nurol, Rusafa, Sadr City, Spain, stadiums, Tajiyyat, Tri Arena, Turkey
ABB Wins Generator Deal at Shell/Mitsubishi Gas Project
Shell has announced that it has granted a $63 million contract to build an electricity generation plant for its gas capture project southern Iraq to Swiss engineer ABB Ltd. Jasser Hanter, general director of the Shell gas project, told reporters that ABB will build two 25 megawatt power plants at Khor al Zubair. The $17 […]
The New Iraq – Discovering Business 2013
The 2013 edition of the definitive guide on doing business in Iraq, The New Iraq – Discovering Business, is underway. Produced by allurentis and in association with the National Investment Commission of Iraq and UK Trade and Investment, it provides a comprehensive framework on conducting business in Iraq and is an invaluable reference source for […]
Tags: Allurentis, National Investment Commission, NIC, The New Iraq – Discovering Business 2013, UK Trade and Investment, UKTI
Iraqi Oil Official Flees after Accusation of Corruption
A departmental head at Iraq's South Oil Company (SOC) has reportedly fled the country after being accused of accepting bribes from a subsidiary of Australia's Leighton Holdings to help it secure contracts in southern Iraq. Uday Awad, a member of the Iraqi parliament's oil and energy committee, told The Australian that the head of the […]
Tags: Corruption, Leighton