Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Turkish firm Enka has signed a contract with Taurus Arm For Power Generatıon, Oil Transportation and Services Ltd. for the conversion of the existing 500 MW simple cycle power plant in Sulaymaniyah, Iraq into a 750 MW combined cycle power plant. The contract value is approximately USD 289 million [378 billion Iraqi […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, officially launched the construction of the Diwan Factory Project in Babil Governorate on Wednesday. The strategic initiative by local company Etihad Group will produce electrical transformers, cables, and smart meters. The project, with a total budget of $300 million [approx. 393 billion IQD], is being built […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting of the Industrial Coordination Council on Monday, in the presence of Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdulghani Al-Sawad, along with several ministers, advisors, business leaders, and representatives of local and foreign companies partnering with the private sector. The […]
By John Lee. China Petroleum Engineering Corporation (CPEC) has announced that its wholly owned subsidiary, China Petroleum Pipeline Engineering has received a letter of award from France's TotalEnergies for a major gas infrastructure project in Iraq. The Artawi [Ratawi] GMP EPSCC Project, commissioned by TotalEnergies, involves the construction of midstream gas pipeline facilities linking the […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Wednesday to review the legal framework governing the Development Road Project and its associated initiatives. The Prime Minister received a detailed briefing from the project team on legal and technical requirements, including construction standards and operational procedures. He emphasised the need to urgently […]
By Ahmed Hankawi and Shayma Aziz, Partners, Etihad Law. Etihad Law is proud to announce the publication of our new Guide to Sovereign Guarantees in Iraq. This guide is a comprehensive introduction that highlights the key aspects related to obtaining sovereign guarantees and their role in promoting investment and encouraging major projects in Iraq's dynamic […]
By John Lee. Iraq's federal Ministry of Oil and the Kurdistan Regional Government (KRG) have issued competing statements over the longstanding dispute regarding oil production and revenue sharing, highlighting the continued impasse that has cost the country billions of dollars in lost exports. Federal Government Position The federal Ministry of Oil in Baghdad has demanded […]
By John Lee. The Kurdistan Regional Government (KRG) has begun work on expanding and upgrading the 30-kilometre road Aqrah [Akre] to Qandil into a dual-lane highway at a cost exceeding 28 billion Iraqi dinars [$21 million]. The project, expected to be completed within two years, links the sub-districts of Bajil and Dinarta, passing through 25 […]
From the Iraq Britain Business Council (IBBC): IBBC Holds Successful Spring Conference at the Mansion House IBBC hosted over 250 members, businesses and government officials for its 13th Mansion House conference on 2-3 June. IBBC President Baroness Nicholson welcomed the delegates, in particular the Ministers and official government guests from Iraq, led by Deputy Prime […]
By Padraig O'Hannelly. The Iraq Britain Business Council (IBBC) has awarded this year's Rasmi Al Jabri Annual Award for Excellence to to Ismail Shakir, founder of Al Busttan Group, a close friend of Rasmi and a founding figure of IBBC in Iraq. Al Busttan provides a full range of supporting services designed specifically for the […]
By John Lee. Japan's Ambassador to Iraq, Akira Endo, has reportedly reaffirmed his country's support for Iraq, announcing over $21 billion in economic cooperation projects since 2003. Speaking at the signing ceremony of a new agreement between the Iraq Development Fund and the Japan Cooperation Center for the Middle East (JCCME), he emphasized Japan's ongoing […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has reaffirmed his government's commitment to upgrading Baghdad International Airport (BIAP), chairing a high-level meeting to advance a public-private partnership (PPP) project aimed at overhauling Iraq's main aviation hub. Attended by representatives from the International Finance Corporation (IFC), the Prime Minister's advisors, and the Head of the […]
