Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Two investment licenses have been granted to a Lebanese company to establish two residential compounds in the north of Amara, the chairman of the Maysan Investment Commission said on Monday. “MIC granted an investment license to Lebanon’s Home International Corp. to build 700 housing units in Ali al-Gharbi district, north of Amara, at a cost […]
Iraq is to get new power plants in order to boost its energy capacity by 2,500 megawatts, reports Reuters. This will significantly add to its meagre total current production, which is around 5,500 megwatts. All the contracts for the 20 gas turbines, which were bought from General Electric, have been awarded to three Turkish companies. The contracts are […]
American companies should invest in Iraq now to avoid losing out on opportunities to other international firms, Under Secretary of Commerce Francisco Sanchez said during a trade mission to Iraq. According to the report in Reuters, he urged corporate leaders to hurry while acknowledging that security concerns remained high. "The time is now. I think […]
An estimated 7,000 km (4,400 miles) of new pipeline will need to be built in Iraq if the country is to meet its oil export targets, according to Penspen Group Chief Executive David Stanley. According to a report from Pipelines International, Mr Stanley underlined the need to repair and reinforce Iraq’s two existing major export […]
A U.S. Army officer who approved supplies contracts in Iraq was sentenced Friday to 21 months in prison for lying about contents of a package he sent to the United States containing more than $100,000, according to a report from Associated Press. Maj. Charles E. Sublett pleaded guilty in July to sending almost $108,000 in […]
The Ministry of Construction and Housing (MoCH) in Iraq marked World Habitat Day by launching the Iraq National Housing Policy in a ceremony held in Baghdad. The policy will respond to housing needs in Iraq and ensure the right of housing and adequate shelter is granted to all people in Iraq. Iraq’s housing shortages stand […]
The Iraqi Industry Ministry signed a contract with a Lebanese firm to supervise the start-up of a gas-fueled power station in the al-Hurriya city, northern Baghdad. “The station’s start-up work will take three months,” the ministry said in a statement on Thursday as received by the Aswat al-Iraq news agency. It noted that the firm […]
As our weekly newsletter goes to press, BP has just announced a major new event for contractors interested in its giant Rumaila oilfield. There will be opportunities in the areas of: Engineering and Project Management Services (EPMS); Engineering, Procurement and Construction (EPC); and Construction. This is hugely significant to the development of Iraq's economy, as […]
As the lead contractor for the development of the super-giant Rumaila field in Southern Iraq, and on behalf of partners PetroChina Company Limited and the Oil Marketing Company of the Republic of Iraq, BP Iraq NV will be holding a Share Fair event at the Conrad Hotel in Istanbul on 22 November 2010. The objective […]
Kurdistan Regional Government (KRG) officials hosted a delegation of prominent South Korean companies on Wednesday in the first meeting of the Kurdistan-Korean Business Forum. South Korea’s Ambassador Suk Bum Park, Chairman of the Investment Board Minister Herish Muharam, and Head of the KRG Department of Foreign Relations Minister Falah Mustafa Bakir presided over the forum […]
Sonoro announced that its wholly owned subsidiary, Sonoro Energy Iraq, and its partner, Berkeley Petroleum Mesopotamia Asphalts Limited (together, the "Licensee"), have signed an Asphalt License Agreement (the "Agreement") with the Al-Salah ad Din Provincial Government in the Republic of Iraq. The Salah ad Din Province lies just to the North of Baghdad and lies […]
Industrial manufacturer Honeywell International said on Tuesday that it is opening a full-service office in Baghdad, and plans to open other offices in the country over the next few years. The Baghdad office will supply technology solutions such as process automation equipment to Iraq's oil and gas industry, which is in the midst of re-construction. […]
