Technip wins Basra Refinery Contract
By John Lee. France's Technip, in partnership with UNICO, a Japanese engineering consultant, has been awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by Ministry of Oil's South Refineries Company (SRC), covers the engineering, procurement, construction, commissioning, start-up and warranty management phase […]
PM to Welcome Int'l Business to Baghdad
Iraq’s Prime Minister and many of his most senior colleagues will address a top-level international business conference being held in Baghdad later this week. Organised by the Iraq Britain Business Council (IBBC) together with Iraq’s National Investment Commission (NIC) and the Federation of Iraqi Chambers of Commerce, the event will also be attended by senior […]
The Pollution Solution – Mapping Iraq’s Environmental Needs
By Madeleine White. This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission. Iraq is polluted. In fact the significant levels of pollution in Iraq are such an open secret that people simply accept that this is the way it is, along with the cancers and health […]
FM Opens New Consulate Building in LA
Foreign Minister Dr. Ibrahim al-Jaafari, accompanied by Consul General Ahmad Nazem Jawad, has opened the new building of the General Consulate of the Republic of Iraq in Los Angeles. The opening ceremony was carried out by ribbon-cutting and unveiling a plaque chronicling the opening date. The minister, in the presence of the guests, toured the […]
Currency Auction Results, 27th Apr
By John Lee. The Central Bank of Iraq (CBI) has reported that 16 banks took part in its currency auction on Monday. A total of $142,515,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
General Dynamics wins $51m Contract
By John Lee. General Dynamics Land Systems has been awarded a $51.4-million (60-billion-Iraqi-dinar) contract for logistical support and training for M1A1 tanks for the government of Iraq. The work is estimated tp be completed by 31st December, 2015. (Source: US Dept of Defense)
Oil Insiders Sceptical on Increased Prodn
By John Lee. A report from Reuters suggests that Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with low oil prices. Oil executives and market experts say that increasing production next year will be even more challenging if prices remain low, and if Baghdad fails to repay oil […]
KRG Agricultural Output Rises
By John Lee. At a meeting of the Kurdistan Regional Government's Council of Ministers (pictured), the Minister of Agriculture and Water Resources, Abdul-Sattar Majid, presented the plans of his ministry to improve the agriculture sector, and outlined the challenges that face the agriculture sector in the Kurdistan Region. The ministry’s ultimate goal, which is guaranteeing […]
Bloom to Build 40,000 Villas in Karbala
By John Lee. Abu Dhabi’s Bloom Holdings is reportedly planning to build a new town outside Karbala. The project, which will take 10 years to complete, involves the construction of 40,000 villas, along with hospitality and educational components, according to Khaleej Times. Sameh Muhtadi (pictured), CEO of Bloom Holdings, told the newspaper: “We have received […]
Egypt’s Petrojet wins $185m Gas Contract
By John Lee. Petrojet has been awarded a $185-million (216-billion-Iraqi-dinar) contract to build the first gas-processing plant for Iraq’s Siba field. The Egyptian state-owned company will handle all the gas-processing plant’s related works including engineering, procurement, and construction (EPC). The project aims to increase the field’s production to 110 million cubic feet per day within […]
Agility Iraq receives ISO Certification
By John Lee. Agility’s GCC Services subsidiary in Basra has received the ISO 9001 certification, making it the first integrated remote site services company in the city to receive the certification. The United Kingdom Accreditation Service (UKAS) accreditation certificate was given following a site audit conducted by Bureau Veritas. TradeArabia reports that the Iraq unit […]
KRG looks to Enhance Protection of Women, Children
By Mohammed A. Salih for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Activists and government agencies in Iraqi Kurdistan have drafted amendments over the past few months to the autonomous region’s existing law combating domestic violence, introducing measures aimed at better protection of women's and children's […]