Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has launched the country's National Development Plan (NDP) 2024-2028. In what the United Nations Development Programme (UNDP) describes as "a significant step toward advancing Iraq's development agenda," the plan was a collaboration between the UNDP and Iraq's Ministry of Planning with the support of the United […]
By John Lee. The Iraqi Oil Pipelines Company has rehabilitated the six-inch fuel oil pipeline extending from the "June 1" depot to the Kirkuk Cement Plant in Lilan, southeast of Kirkuk. According to a statement from the Ministry of Oil, the pipeline, inactive for over three years, is now fully operational. Ali Abdul Kareem Al-Moussawi, […]
By John Lee. Erbil-based Prime Water Technology has won a series of contracts with the United Nations Office for Project Services (UNOPS) for the restoration of three boreholes in Sinjar: Lot 1 - Restoration of Al-Qabousiyah borehole: Contract value $225,063; Lot 2 - Restoration of Beir Shireen borehole: Contract value $307,389; Lot 3 - Restoration […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani initiated the expansion of Al-Haidariya [Haydariya] and Najaf combined-cycle gas power plants, adding a total capacity of 495 MW, alongside a new 400 kV transformer station. These projects are part of a strategic agreement with Siemens, which includes two phases: the first phase involves three plants in […]
By John Lee. The Iraqi government has approved the recommendation from the Ministerial Council for Energy (24067 T) of 2024 to sign a tripartite agreement involving the Ministry of Electricity, Siemens Energy, and the China State Construction Engineering Corporation (CSCEC). The agreement focuses on the rehabilitation of the Baiji Gas Power Plant (Unit 2), designating […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a meeting to follow up on the Baghdad Metro project, announcing the selection of the Vaskhod & Wontert Capital international consortium for the design, implementation, operation, maintenance, financing, and transfer of ownership (DBOMFT) of the metro. According to a statement from the Prime Minister's office, […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for June, but has again not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 102,314,548 barrels. Exports from the oil fields […]
By John Lee. Iraq's Deputy Prime Minister for Energy and Minister of Oil, Mr. Hayan Abdul Ghani, has opened a new road in the Abu Sakhir area and a high school in the Al-Zubair district of Basra Province. The inauguration ceremony took place on Thursday and was attended by the Deputy Minister for Extraction Affairs, […]
By John Lee. In response to the high demand for its "Injaz/Enjaz" ["achievement"] bonds, first issued in May, the Central Bank of Iraq (CBI) will offer a second issue of these bonds on behalf of the Ministry of Finance. The total amount available is 1.5 trillion Iraqi dinars [$1.15 billion]. The bond are available for […]
By John Lee. The Central Bank of Iraq (CBI) has issued a tender for preparing studies, designs and auditing for the construction of a new CBI building in Mosul, in Nineveh Governorate. Full details here (Arabic) (Source: CBI)
By John Lee. Prime Minister Mohammed Shia Al-Sudani opened the Iraqi-Turkish electricity interconnector on Sunday, via a video conference. The new line connects through the Al-Kisk station west of Mosul to supply the northern region with a capacity of 300 MW. The ceremony was attended by the Minister of Electricity. Al-Sudani praised the efforts of […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq-China ties progress with Nasiriyah airport project Relations between Iraq and China are strengthening, in part due to Chinese interest in Iraqi oil and infrastructure projects. Click here to […]
