France Considers Projects in Wassit
By John Lee. The French Consul General has reportedly said the French companies are interested in investing in Wassit Wasit] on a deferred payment basis. The Governor of Wassit province, Malik Khalaf, told AIN that during a visit to the province the Consul General discussed infrastructure projects including the building of roads and bridges, the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st March 2015). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,215 (+14.8%) / $1,275 (14.8%) (weekly change) ) (-12.8% and -14.0% YTD change, respectively). The number of week […]
HEESCO Meets Turkish Companies
By John Lee. The director general of the Heavy Engineering Equipment State Company (HEESCO) has held a meeting with a delegation from the Turkish companies ENKA and Gimtas. Mr. Deiaa Gumar said the two companies recognised the capabilities of HEESCO in making equipment for oil refining, production and transportation, and were keen to cooperate with […]
Armenia to Open Consulate in Erbil
Kurdistan Region Prime Minister, Nechirvan Barzani, has received Mr. Levon Sargsyan, Ambassador-at-large and Special Envoy of the Armenian Government, and Mr. Karin Gregorian, Ambassador of Armenia to Iraq. Mr. Sargasyan conveyed the greetings of the President and Prime Minister of Armenia to Prime Minister Barzani and stressed his country’s desire to build solid ties with […]
Iraq to Sell Heavy Basra Crude from May
By John Lee. Reuters cites sources as saying that Basra Heavy crude, with an API gravity of 24 degrees, will be sold from May. It will be allocated to companies with technical service contracts, such as Lukoil , Petronas, CNPC, CNOOC, BP, ExxonMobil and Shell. The State Oil Marketing Organization (SOMO) had previously abandoned plans […]
India Builds Oil Reserves with Basra Crude
By John Lee. India's oil ministry has instructed state refiners Indian Oil Corp and Hindustan Petroleum Corp (HPCL) to buy eight million barrels of Basra crude oil for delivery in May and June. The country is looking to build up its strategic petroleum reserve (SPR) at the current low market prices. A source told Reuters […]
Iraq Wants to Attract more Brazilian Companies
Iraq wants to expand the presence of Brazilian companies in its market. That was the theme of the visit made by Adel Alkurdi, ambassador of the Arab country in Brasilia, to the Arab Brazilian Chamber of Commerce in São Paulo this Thursday (19th). The diplomat was welcomed by the president of the Arab Chamber, Marcelo […]
Iraqis Struggle to Maintain Architectural Heritage
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As soon as merchant Ali Hussein had finished erecting his store at Najaf's "Big Market," 160 kilometers (99 miles) south of Baghdad, construction and decoration experts recommended that he cover the front with colored plastic […]
Major Project Announcements 'Imminent'
By John Lee. Several major project announcements are expected shortly in Diwaniyah, according to a report from ConstructionWeekOnline. These including projects attached to the $1.35bn Al-Diwaniyah International Commercial Airport (pictured), which is to be built by Kuwait’s Al-Nasriyah Company, and is due to be completed by the end of 2017. Other projects include a $210-million […]
Video: Firms on Trial for Breaching Iraq Embargo
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Fourteen companies including Renault Trucks, Legrand and Schneider Electric stand trial, accused of breaching the embargo on Saddam Hussein's Iraq in the 1990s:
Confusion Reigns in Iraq-Kurd Oil Dispute
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Truth, Lies And Barrels Per Day: Confusion Reigns in Iraq-Kurd Oil Dispute The deal done to resolve Baghdad's issues with Kurdish oil looks shaky. Both sides have presented different oil […]
New Details of Iraq’s Venice Biennale Pavilion
By John Lee. The Ruya Foundation for Contemporary Culture in Iraq has announced its plans for the Iraq Pavilion at this year’s 56th Venice Biennale. Titled “Invisible Beauty,” the presentation will feature two generations of Iraqi photographers, in the shape of Latif Al Ani and Akam Shex Hadi, performance artist Rabab Ghazoul, ceramicist and sculptor Salam […]