Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
ABB, the Swiss-Swedish engineering group, has agreed to pay more than $58m to settle criminal and civil charges in relation to alleged payment of bribes and kickbacks in Mexico and Iraq. The Swiss-Swedish engineering group was charged by the US with conspiracy and violating the Foreign Corrupt Practices Act. Prosecutors alleged that ABB and its […]
Iraq's cabinet has just approved a $733 million [880 billion Iraqi dinar] deal to build a new oil export terminal in Basra, a spokesman for the Iraqi government said on Tuesday. The work will be carried out by Leighton Offshore Private Ltd., which was selected from four international companies invited to tender for the project. […]
Gulftainer, in collaboration with a local Iraqi company, launched a new container-dock project in Basra on Monday, with the aim of increasing capacity at the port by about 58,000 tons per year. The Emirati company will initially invest $24m [29 billion Iraqi dinars] in the project, according to the report from AKnews. Gulftainer's Director, Peter […]
Mott MacDonald has been appointed by BGR Energy Systems to carry out detailed engineering and procurement support for the Akas and Al-Mansuria gas fields which are being developed by the State Company for Oil Projects. The project is being developed to meet the growing demand for gas within Iraq. The gas produced from the two […]
Mott MacDonald, the leading global management, engineering and development consultancy, is a sponsor of the UKTI (UK Trade and Investment) and EIC (Energy Industries Council) conference on oil and gas opportunities in Iraq. The conference programme started in London at the EIC on 28 September and moves to Middlesbrough Football Club on 29 September and […]
Azzaman news agency reports that the Iraqi government has agreed to allocate $10 billion for the reconstruction of Sadr City, and that talks with international firms have reached an advanced stage. Sadr City is on the outskirts of Baghdad and is perhaps Iraq’s most impoverished town, but if the reports are correct is should become […]
The local administration in the province of Maysan [Missan] has reportedly agreed a deal with a Swiss-Russian firm to set up two power stations in the city of al-Amara, according to Aswat al-Iraq. “The Missan local government agreed today (Sept. 25) with Russia’s Wintercroft Capital to build two steam-operated power stations with capacities of 650 […]
Work has started on a bridge a linking Kirkuk to Mosul at a total cost of 6 billion Iraqi dinars [$5m], as part the Provincial Development Budget (PDB) for the year 2010, a local official in Kirkuk told Aswat al-Iraq news agency. “The Sadr al-al-Nahr bridge will link Mosul to Kirkuk in the district of […]
The President of the Kurdistan Chamber of Commerce announced the arrival of the British trade delegation headed by the President of the British Business Council in Iraq, to strengthen ties between Kurdistan and Britain. Dara Jalil Khayat told AKnews that the purpose of the visit is to develop business relations between Britain and Kurdistan “in […]
The Iraqi Council of Ministers has decided to increase the amount allocated to develope the Khaliss-Idhaim road by ID31 billion [$25.8m], bringing the total cost of ID40 billion [$33.3m], accordign to Aswat al-Iraq. “This road is both important and strategic because it links the mid and northern provinces of Iraq,” Dr. Ali al-Dabbagh (pictured), the […]
The Iraqi Minister of Municipalities, Riad Ghareeb, and the governor of Najaf, Adnan Al-Zurfi, have announced the start of the urban renewal project of the old city. Riad Ghareeb told Aknews during his meeting with al-Zurfi and some members of the executing company, "the renewal project for the old city center of Najaf has been […]
U.S. energy firm ContourGlobal is in talks with the authorities in the oil-rich province of Kirkuk regarding the construction of a 400-megawatt power plant, according to a report from Azzaman. Governor Abdulrahman Mostefa was quoted as saying that the plant would not be part of the country’s national grid as it wpuld be used exclusively […]
