Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
The head of the Basra Investment Commission, Eng.Haidar Ali Fadhil, has announced details of the Faw [Fao] power station: The station will have a capacity of 50 megawatts; The project shall be open for investment companies; Interested companies are required to visit the BIC offices by 12th June; The power station is intended to use […]
It is a story that could fit in the national newspapers of any country in the world: "central government projects delayed". Yet Iraq seems determined to do something about the delays to these development projects, reports AKnews, as the government is voluntarily giving up central control to local councils to oversee the projects' completion, after […]
A delegation from Kahlid Group in the United Arab Emirates has revealed intentions to invest in a refinery in Dhi Qar, Iraq, capable of processing 300,000 barrels per day, according to Aswat Al-Iraq. The request is still to be submitted to the Iraq Ministry of Oil, but the project should involve work placements for 6,000 people. […]
The next city to get some surgery to help restore Iraq's former glory is Najaf, a city of more than half a million inhabitants about 160km south of Baghdad, and home to the religiously important Imam Ali Shrine. Work on the historic center should begin soon and is expected to be completed on time for […]
Korean company STX Heavy Industries has signed an agreement today to install 25 power plants to generate a total of 2,500 megawatts in Iraq, according to a report from Bloomberg. “This is a big event as the company will be establishing 25 plants in a region ranging from the southern city of Basra to the […]
South Korea’s Hyundai Engineering & Construction Co. has started work on a $219 million project to expand a gas-fired power station near Baghdad, Bloomberg has reported. The Al-Quds station located in a suburb northeast of the capital will increase production to 1,400 megawatts from 900 megawatts withing 18 months, according to Qais al-Waeli, a spokesman […]
Wassit local government has signed a memorandum of understanding with the Indian company BHEL (Bharat Heavy Electricals Limited) to build a 500 MW power station, according to a report from Aswat al-Iraq. Taha Rudaini, a member of the local government's Media Committee, told the news agency that the station will be powered by diesel (black […]
A Turkish company has been contracted to set up four new power stations in Nineveh province at an overall cost of $200 million [240 billion Iraqi dinars], a provincial energy official has announced. Muhammed Wadallah al-Jabbouri from the Nineveh directorate of energy told AKnews that the Turkish firm Lanka has been given the task of […]
Diwaniya council has signed memorandums of understanding with two international companies to implement a number of projects in the province, according to the Aswat al-Iraq news agency. "Chairman of the council, Jubeir al-Juburi, signed memorandums of understanding with a representative of a Korean company to build huge oil-fueled generators," said Muayad al-Ansari, a media advisor […]
Iraq's Deputy Premier for Energy, Hussein al-Shahrestani, laid the foundation stone for the new 1250 megawatt al-Khairat power station in Karbala, which will add about 20% to power production in Iraq if completed as scheduled in April 2013. Iraqi energy officials on Sunday marked the start of work on a 1,250 megawatt power plant with […]
By the World Health Organisation (WHO). By launching the second national vaccination week, Iraq calls all partners to stand together and make the prevention of diseases a priority for all,” said H.E Dr. Hamad Amin Majeed, the Minister of Health in Iraq. “Together, we can protect our children from preventable deadly diseases in 2011 and […]
Iraq has approved an ambitious $37-billion [45 trillion Iraqi dinar] programme to upgrade Iraq's collapsing infrastructure, which has fallen victim to three decades of war and sanctions, government spokesman Ali al-Dabbagh (pictured) said on Tuesday. AFP reports that the cabinet's plans, which must now be approved by parliament, are the latest in efforts by the […]
