The Investment Authority in Thi-Qar is about to reach an agreement with private and government banks in the province to provide guarantees to Turkish company Austm. It would provide loans to local investors to construct two residential areas in Shatrah. Head of IPCC, Dr. Ismail Aboudi said that the authority has set up a workshop […]
A central committee has been formed in Missan to oversee progress in projects throughout the province. “The committee will help to resolve problems that are facing these projects,” Khalid Abdilwahid Kibian, Missan’s deputy governor, told Aswat al-Iraq news agency on Monday. He said that no projects were executed in Missan during 2009 due to a […]
Participants in a reconstruction conference in Baaquba on Monday have agreed to ease the difficulties facing the reconstruction operations in Diala, and to return 360 billion Iraqi dinars which were allocated to the province. “Representatives of 15 ministries as well as officials of the executive and legislative authorities attended the reconstruction conference which was held […]
The Integrity Commission has been able to reduce the 77m Iraqi dinars embezzled from the Ministry of the Environment by recovering funds in a raid on the defendant’s home. After a court case lasting three days a statement said the main defendant in the case had misappropriated the funds by issuing fake cheques and through […]
Up to 240 major Iraqi factories will be opened up for foreign investors, it was revealed yesterday.
Royal Dutch Shell Plc, which won contracts last year to develop two Iraqi oilfields, is still in talks on a plan to capture and sell natural gas there, the company’s Middle East vice president for new business said.
A $ 20 billion contract has been approved and will be presented to the next Cabinet referring Al Rasheed residential complex to a UAE company .
On Wednesday, Anbar deputy governor said , the next stage they will focus on oil wealth, particularly in Ukaz and Znkurh areas for upgrading economics of the province.
Gazprom Neft leads a consortium of investors in Iraq calling on the government to clear mines from the Badra oil field near the Iranian border. Iraqi authorities report there are more than 27 million pieces of unexploded ordnance in Iraq from the war with Iran in the 1980s. The largest number of mine fields is […]
Iraq’s Majnoon oilfield is targeting production of 175,000 barrels of oil equivalent per day in 2012, a senior Royal Dutch Shell executive said on Monday.
“Iraq has been struggling to meet 2 million b/d for years,” says Majid Jafar, executive director at Crescent Petroleum. “Now in the run-up to the elections, the government has been proposing a 12 million b/d target, which is ludicrous.
Lufthansa is resuming flights to Iraq on 25 April 2010 with services from Frankfurt to the city of Erbil in Northern Iraq and will run four flights per week on this new route.