Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
United Nations Secretary-General BAN Ki-moon today announced his intention to appoint Mr. Martin Kobler of Germany as his Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI). He will replace Ad Melkert of the Netherlands who served in Iraq since July 2009. The Secretary-General is grateful for Mr. Melkert’s […]
According to reports from Reuters, the Korean giant STX Group has played down the possibility that its $2.76 billion power deal with the Iraqi government may collapse. Following report that STX was running out of time to secure a third party financial guarantor, the shipping-to-energy conglomerate says the contract does not mention a three-month deadline […]
The capital of Iraqi Kurdistan is seeing a building boom, as developments go up at around the same rate as real-estate prices rise. Despite all the construction, though, the average citizen still can’t afford their own home. At times Erbil resembles a building site. Construction sites, both residential and commercial, dot the cityscape. Yet the […]
The Iraq Future Energy Conference will be hosted in Istanbul, Turkey, from 26th September to 29th September. There is a full programme to demonstrate how energy and infrastructure companies can take a piece of the projects worth tens of billions of US dollars. Attendees can learn about the Ministry of Oil's four-year plan ending in […]
A Turkish company's proposals for new schools, rebuilding infrastructure, more local energy and medical facilities is likely to be accepted by the local government in the region of Wasit, south-east of Baghdad, reports Aswat al-Iraq. I.F. Spor's plans include wind power and health projects such as a cancer treatment centre. Other redevelopment projects in the […]
As demand for petrol in central and southern Iraq rises to cope with power shortages, the amount of fuel allocated to Kurdistan from Baghdad has been reduced by almost 65%, according to AKnews. Erbil’s fuel distribution director, Nuraddin Hamed, told the agency that while Erbil used to receive 1,600 million liters of petrol from the […]
AKnews reports that the United Nations High Commission for Refugees (UNHCR) is currently constructing 1,000 new homes in Baghdad for Iraqi refugees abroad returning to their homeland, with further housing projects in the pipeline. The Iraqi Minister of Migration, Dindar Doski, told the news agency that the UNHCR’s housing projects came about after a call […]
International architecture, urbanism and design practice Broadway Malyan has delivered the concept masterplan for the ‘10×10’ project in Iraq, involving a 17km² extension of Sadr City, Baghdad, and the creation of New Sadr City. The practice’s masterplan is a major milestone in the realisation of the project, named 10×10 because of its predicted $10 billion […]
Iraqi Drilling Company , one of the Iraqi Ministry of Oil establishments , invites to bid for Supplying Fire Truck Rosenbauer Capacity of 11.000 ltr (Mercedes chasses 6*4 ) , qty /2, in accordance with the conditions and specifications , which can be obtained from the purchasing department at IDC's headquarters in Baghdad. The bidder will […]
Iraqi firm al-Faw this week started to build a US$50m housing complex in Iraq's third largest city, Mosul, according to Aknews, at the same time that two more complexes are announced. The Mosul project will create another 100,000 housing units, three schools, a shopping complex and four health centres. It is due to be completed […]
