Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Al-Iraqiya television has reported that Iraq is threatening to take the case of Kuwait's Mubarak al-Kabir Port to the United Nations if the harbour violates its maritime rights. An Iraqi Technical Delegation, led by the government’s Advisor, Thamer al-Ghadban, reportedly arrived in Kuwait on Sunday for a 2-day official visit. Bloomberg reports that Prime Minister […]
A Jordanian transport company said on Sunday that it won the 'technical side' of a bid to transport 10,000 tons of fuel oil from Iraq to Jordan every day, within an agreement signed between the neighbouring countrries in 2006, according to the KUNA news agency. Abdussalam Al-Theyabat, owner of the Theyabat Transport and Trading corporation, […]
This article was written by Abeer Mohammed, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq may face a major housing crisis […]
Since the start of the year, the Kurdistan Ministry of Planning has blacklisted seven local companies, an official said on Tuesday, according to AKnews. Ayyub Galali, head of companies classification at the ministry, told the agency that housing companies in the three provinces of Erbil, Sulaimaniya and Dohuk, have been penalized for shortcomings in their […]
Najaf Provincial Council has made a preliminary agreement with a Chinese company for it to build a power station, the head of the energy committee in Najaf told AKnews. He said the $79 million [95 billion Iraqi dinars] oil-fired station will have a capacity of 100 megawatts. According to AKnews, the agreement came after the […]
The Iraqi Trade Ministry said Wednesday that the value of trade with Iran, discounting oil activities, has hit $4 billion [4.8 trillion Iraqi dinars] this year so far, according to a report from AKnews. The Director General of Foreign Economic Relations at the ministry, Hashem Hatem, told the agency that the Ministry is seeking to […]
In an effort to rebuild its ailing industrial sector, Iraq has relaunched a tender to rehabilitate 18 of its idle factories, for the second time this year, after failing to attract enough interest from foreign investors. Reuters quotes Abdul-Ghani Fakhri, director general of the investment department at the Ministry of Industry and Minerals, as saying […]
The Chairman of Karbala's Provincial Council has announced that a Turkish company proposed building high-rise housing blocks to help tackle the housing crisis in the province. Mohammed al-Mussawi told Aswat al-Iraq that the company specialises in the construction of hotels and housing units. He said the Investment Commission held talks with a Turkish company to […]
DNO International ASA's Board of Directors today announced a share buyback program following release of preliminary second quarter 2011 results. The timing and volume of the share purchases will depend on market conditions. "Given the ongoing sell-off and sharp declines in global securities, we have decided to invest available cash to capitalise on the undervaluation […]
Petrel resources applied to participate in the fourth oil licencing round in Iraq, but has not been pre-qualified. The eventual criteria adopted by the Iraqi authorities were heavily weighted (over 50%) towards financial size and strength, rather than practical experience working in Iraqi conditions. As a result no juniors or smaller independent oil companies have […]
The drilling and completions contract covers 23 wells in the West Qurna phase two field. LUKOIL has awarded Baker Hughes a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq, 50km west of Basra. Under the terms of the contract, Baker Hughes will provide […]
