Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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. […]
Tehran announced that it will host the second 2010 International Iraq Reconstruction Conference on October 30-31. Secretary General of the conference, Jahanbakhsh Sanjabi, said that 700 traders, directors, industrialists and officials from Iran, Turkey, Syria and Iraq will get together in the meeting to consider issues regarding regional free trade. He said the conference is […]
Considering the announcements of new cement plants in Iraq to meet the demands of a booming reconstruction sector, it should not be a surprise that someone would spot the need for more cement bags. Işıklar Ambalaj, a package-producing affiliate of Turkey’s Işıklar Yatırım Holding, has decided to build a cement bag factory in northern Iraq, […]
There have been some positive developments last week in the political stalemate in Iraq. A breakthrough in the negotiations between some of the factions allied to Mr. Nouri Al-Maliki, have brought the formation of the government slightly closer to realization (relatively speaking). All now depends on the negations with the other major players, namely the […]
The Iraqi National Olympic Committee in conjunction with the National Investment Commission (NIC) has announced investment opportunities in the Al Faluja [Fallujah] Tourism City as follows:- 1. Establish a parking area , 10 coffee shops, theater, festival park, shopping malls; 2. 10 small coffee shops, 25 tourist houses (of two rooms and a hall), Luna […]
