Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
A delegation of Chinese companies specializing in cement production visited the Council of Anbar province on Tuesday to discuss investment projects in the region. The head of Anbar provincial council, Jassim al-Halbousi, told AKnews that the discussions focused on ways of increasing productivity at Anbar’s Qaem cement plant. “We hope it will be as significant […]
Royal Dutch Shell may build its own dock in Iraq's Shatt al-Arab waterway to speed up delivery of heavy equipment to its supergiant Majnoon oilfield, according to a report from Reuters. The head of the General Company of Iraqi Ports, Salah Kudhair, told the agency that it had given initial approval to a proposal from […]
Kirkuk Investment Commission said on Sunday that 3 Iraqi companies are competing for the contract to build a mall worth 3 billion Iraqi dinars [$2.6m] in the city. The Investment Commission added that there is also a plan to build 800 residential units to the south of Kirkuk. (Source: Al Sumaria TV)
A total 201 projects costing 90 billion Iraqi dinars (IQD) [$77m] were finalized in Missan within the Provincial Development Budget (PDB) for the year 2010, according to the deputy governor on Saturday. “There were 61 municipal projects, 29 water projects, 24 for sanitary sewage, seven for electricity, four for communications, three for each of reconstruction, […]
The local administration in Basra decided to allocate the sum of 242.2 billion Iraqi dinars (ID) [$207m] to carry out service and urban projects in preparation for the hosting of the Khaleeji 21 soccer tournament [21st Gulf Cup of Nations], a spokesman said on Thursday. “The higher committee for the rehabilitation of Basra, chaired by […]
Iraq needs foreign investors in the oil sector to help break a bottleneck at its southern ports, Iraqi Prime Minister Nouri al-Maliki said. "We have no restrictions on their [foreign investors] entry. We want them," Maliki told The Wall Street Journal. "We need speed. We need money." Maliki last year gave the nod to a […]
South Korea's STX Heavy Industries concluded a deal with Iraq for a petrochemical plant in the southern city of Basra, according to Aswat al-Iraq. A Basra official said.“The delegation discussed with the governor the mechanism to implement a memorandum of understanding the company signed with the industry ministry to rehabilitate the petrochemical complex in Basra.” The […]
Addax Petroleum Corp.’s crude output has risen 14 percent since the Geneva-based company was acquired by China Petrochemical Corp. in August last year, according to Bloomberg. Crude production at Addax has grown to 155,000 barrels a day from 136,000 barrels a day, China Petrochemical, also known as Sinopec Group, said in a statement on its […]
The Kurdistan Regional Government has licensed a firm to build a $1.1 billion smelter and steel plant, according to Trade Arabia. Mass Global was granted the to build the project in the Chamchamal area between Kirkuk and Sulaimaniya, said Haidar Mustafa, head of the industrial projects department of KRG's investment commission. "The total amount of […]
AKnews reports that the Egyptian Housing Ministry is to contribute to the Iraqi government's plan to build a million housing units in Iraq. The General Director of the Technical Department of the Iraqi Housing and Construction Ministry, Hussein Majid Hussein, said on Thursday that the Iraqi Ministry signed a contract with the Egyptian Housing Ministry […]
The Karbala Investment Commission has granted an investment license to an Iraqi company to build an industrial compound at a cost of $39 million, the chairman of the KIC said on Wednesday, according to a report from Aswat al-Iraq. “The KIC gave an investment license to an Iraqi company to implement a project to set […]
Following on from our listing on Monday of the main cabinet positions, we present a more complete line-up below, compiled from information sourced from Iraq Oil Report and Reuters. The official website of the Iraq cabinet has not published the official list, and has chosen instead to lead with an article about the importation of […]
