Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Unique System FZE, a Unique Maritime Group company, has recently been awarded a $5.2m contract to supply a 12 MAN ABS Classed saturation system and 3 air diving systems for the Leighton Offshore diving project, based in the Middle East. Unique Maritime Group will provide their 12 MAN ABS Classed saturation system, complete with SPHL […]
In its Interim Management Statement on Friday, covering the period from 1 July 2011, Aggreko plc said that it had recently signed its first sizeable contract with an industrial company in Iraq. According to Bloomberg, it will provide 40 megawatts of power in Basra. The company, a world leader in the supply of temporary power […]
Abu Dhabi-based developer Al Maabar has said a $10bn deal that was announced three years ago to build thousands of homes in Iraq has not yet been finalised, The National has reported. "When you have [a] big deal like that, you need to make sure all the terms and conditions are in place," said Al […]
Dow Jones reports that Iraq has agreed with oil majors to build a multi-billion-dollar oil field water injection plant in the south of the country, after disagreement over costs that suspended the project for months. The water injection project aims to provide water to maintain reservoir pressure to fields such as Rumaila, West Qurna Phase […]
Morris Corporation, owned by Brisbane-based Robert McVicker, is suing one of the biggest US military contractors, Kellogg Brown & Root (KBR), for millions of dollars following the abrupt termination of an Iraq deal in mid-2003. According to the report from the Sydney Morning Herald, the Australian company that provides mass catering for US troops and […]
Iran and Iraq will be major target markets for Dubai’s newest engineering consultancy, Whitby & Mohajer, says the company’s MEP director. While the usual target markets of Saudi Arabia, Qatar and the UAE will still be areas of interest, Louise Collins told MEP Middle East said that the intense competition for MEP contracts in those […]
The American petrochemical producer Chevron Phillips Chemical is to invest $6 billion [7.2 trillion Iraqi dinars] to create a new facility in Basra. AKnews reports that the Company has obtained a licence to operate in the city, and that Basra Investment Commission has also voiced its support for the project and is now seeking to allocate […]
Iraqi Deputy Prime Minister with responsibility for energy issues, Hussein al-Shahristani, called on a visiting Indian delegation on Sunday to make much-needed investments in Iraq's energy, industry and housing sectors, according to AFP. "Shahristani discussed the means for Indian investment and developing the industrial and oil sectors in Iraq with an Indian delegation," according to […]
More than 550,000 children in some of the most vulnerable districts of Iraq will benefit from a United Nations-backed school feeding programme that seeks not only to improve their nutrition but also to encourage poor families to send their children to school in the first place. The joint programme launched by the UN World Food […]
A Scottish manufacturer of prefabricated buildings has embarked on a major push into the Middle East as it targets construction projects in countries such as Libya and Iraq. Powerwall, which runs a ten-acre production site in Wishaw and employs about 80 staff, is also locked in talks with potential partners in a string of markets, […]
Turkey and Iraq have agreed to open two new border crossings to boost trade and accommodate increasing traffic between the two neighbors, according to a report from Today’s Zaman. The issue was discussed during a two-day visit by Iraqi Foreign Affairs Minister Hoshyar Zebari to Ankara on Wednesday. The formal agreement for the opening of […]
The Director General of the South Oil Company said on Wednesday that they plan to build a fifth floating oil pier when the four currently under construction are completed. Aswat al-Iraq reports that the four piers are expected to be finished by late-2013 or early-2014. The first of these piers will start exporting oil at […]
