By John Lee. Iraq's Minister for Electricity has said Iraq is looking to finance a $3 billion upgrade of its power transmission and distribution network. The National quotes Minister Luay Al Khateeb as saying: “We do have a fast track plan for $3 billion to upgrade the distribution and transmission of which $2bn is for […]
Archive | Iraq Industry & Trade News
Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
Gazprom Neft starts shipping Sulphur from Badra
Gazprom Neft subsidiary Gazpromneft-Badra has begun shipping granulated sulphur from its Badra oilfield in Iraq — the unique gas infrastructure installed by the enterprise here having made it possible not just to diversify production, but also increase associated petroleum gas (APG) utilisation to 98 percent. The pilot consignment, delivered by order of Iraqi client “Ard […]
Financing agreed for Siemens Transformer Deal
By John Lee. Iraq's Cabinet of Ministers has approved a loan agreement between the Federal Ministry of Finance, Standard Chartered Bank and the German Deutsche Bank for the purpose of financing the construction of 13 secondary substations (132) kV, and the supply of 35 high voltage transformers with the German company, Siemens, for the Ministry […]
Tags: Bismaya, Bismayah, Deutsche Bank, Electricity In Iraq, featured, germany, mn, Siemens, Standard Chartered, Standard Chartered Bank, United Kingdom
Iran, Iraq Reopen Border Crossing after 6 Years
The Khosravi border crossing between Iran and Iraq reopened on Friday, more than six years after a terrorist attack led to its closure. In a ceremony on Friday, Iranian Interior Minister Abdolreza Rahmani Fazli and his Iraqi counterpart Yassin Al Yasiri reopened the Khosravi border crossing. The border crossing had been closed in 2013 in […]
IBBC hosts Iraqi Minister of Transport
The Iraq Britain Business Council (IBBC) was delighted to host H.E. Dr Abdullah Luaibi the Iraqi Minister of Transport in London today. The Minister, accompanied by a delegation of officials, was on a 4 day official visit to the United Kingdom organised by the Department of International Trade. His visit included meetings with IBBC Members […]
Tags: Al Burhan Group, Baroness Nicholson, Basra Gateway Terminal (BGT), Constellis, Eversheds Sutherland, featured, G4S, HWH Associates, Iraq Britain Business Council (IBBC), Menzies Aviation, mn, Rolls-Royce, Serco, Stirling Education, United Kingdom, Vitol, Zaha Hadid Architects (ZHA)
Entrepreneurs ready for Hackathon Weekend in Sulaimani
Hackasuly, the largest international hackathon in Iraq, brings the coding community together over a weekend to work in teams and turn their ideas into technological solutions on September 5th - 7th. This year, the organisers are accepting projects in three different and exciting tracks: AI & Data Science E-Society Fintech The goal is to help […]
Iran Bolsters Commercial Team in Iraq
By John Lee. The new acting head of Iran’s Trade Promotion Organization (TPO) has said that Iran has appointed a second commercial attaché to Basra. Hamid Zaboum is also quoted as saying that a third attaché will also be send to Sulaymaniyah. (Source: Tehran Times)
New Investment Opportunities in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Production of polymer joints – Al-Zawraa State Company Production of solar panels – Al-Zawraa State Company (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
Tags: Al-Zawraa State Company, featured, Investment Opportunities, mn, National Investment Commission (NIC), solar power
Shamara to provide Power for Basra Gas Plant
By John Lee. The Basrah Gas Company (BGC) and Shamara Holding have reportedly signed a contract under which Shamara will supply electricity to the Basra Natural Gas plant. According to The National, the contract will enable the plant to process by-product gas that would other wise be flared from the Rumaila, Zubair and West Qurna-1 […]
Tags: Basra Gas Company, BGC, featured, flaring, mn, Natural Gas, Rumaila, Shamara Holding, West Qurna Oilfield News, Zubair
Jordan Increases Exports to Iraq
By John Lee. Fifty-one Jordanian companies are expected to take part in the Baghdad International Fair in November. According to the Jordan Times, the Jordan Chamber of Industry (JCI) is aiming to build on the agreements signed between Jordan and Iraq, especially those signed during Prime Minister Omar Razzaz' recent visit to Baghdad. It adds […]
New Investment Opportunity in Iraq
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Chlorine production plant – State Company for Mining (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
Tags: Chlorine, featured, General Company for Mining Industries, Investment Opportunities, mn, National Investment Commission (NIC), State Company for Mining
Iran, Iraq Agree to Reopen Khosravi Border Crossing
The interior ministers of Iran and Iraq signed an agreement to implement plans to facilitate the Arbaeen pilgrimage to Iraq, including one on reopening the Khosravi border crossing. Iranian Interior Minister Abdolreza Rahmani Fazli and his Iraqi counterpart Yassin Al Yasiri met in Tehran on Saturday and signed a memorandum of understanding to facilitate the […]