Expro Wins Multi-Year Testing Contract
By John Lee. Oilfield services company Expro has secured a multi-year contract with a leading international oil company for multiphase production testing in Iraq. The contract will provide non-intrusive multiphase production testing of oil wells in this on shore field. Selim Djandji, Region Director for Middle East North Africa, said: "This contract award highlights an […]
First Natural Gas Arrives at Duhok Power Station
The Kurdistan Regional Government has announced the successful delivery via pipeline of the first quantities of natural gas from the gas field at Summail to fuel the Duhok Power Station (pictured). The Summail Gas Field lies within the area of the Duhok Production Sharing Contract (PSC) and is operated by the Norwegian company DNO, which […]
Foreign Minister Arrives Algeria
By John Lee. Foreign Minister Hoshyar Zebari arrived in the Algerian capital on Monday to participate in the Ministerial Conference of the non-aligned countries to be held in Algiers on 28-29 May 2014. The Minister will hold a number of meetings with officials of the Algerian side to discuss relations between the two countries. (Source: […]
Two Convicted in Dinar Scheme
By John Lee. Two of the three men charged in a scheme to defraud investors in Iraqi currency were found guilty by a jury in U.S. District Court last week, while the third defendant was convicted only of an unrelated mail fraud charge. According to a report from the Toledo Blade, Bradford Huebner (66) and […]
Weekly Security Update 20 - 26 May 2014
By Constellis Consulting www.constellis-consulting.com Following preliminary electoral results confirming current Prime Minister Nouri Al-Maliki as the frontrunner, allegations of fraud multiplied over the reporting period, putting in jeopardy the process of quickly forming a government. On 22 May, former Prime Minister and leader of the Iraqiyya coalition Iyad Allawi publicly questioned the fairness of the elections, formulating […]
Iraqi Air Force to Buy Pakistani Aircraft
By John Lee. A contract has been signed for the export of Super Mushshak Aircraft from Pakistan Aeronautical Complex (PAC) to Iraq Air Force (IAF). The ceremony was held at the Prime Minister House, Islamabad and the Prime Minister of Pakistan, HE Mr. Muhammad Nawaz Sharif, presided the ceremony. The contract for the Super Mushshak […]
Furniture In Fashion to Supply Iraqi Govt
By John Lee. UK-based FurnitureInFashion has announced that the Iraq government has placed "a gigantic order" for office furniture for the Ministry of Education, Ministry of Health and other governmental bodies. The owner and Managing Director of FurnitureInFashion Asad Shamim (pictured) said: "With Iraq's plan to reconstruct the infrastructure, FurnitureInFashion saw a lot of possibility […]
Sri Lanka Trade Session, May 27
Sri Lanka's National Chamber of Commerce will hold a session on ‘Bilateral Trade with Iraq’ on Tuesday, May 27, with the participation of Ambassador of Iraq, Kahtan Al Janabi (pictured) as special guest speaker. It will be held from 3p.m to 4.30 p.m at the Chamber Auditorium, No. 450, D. R. Wijewardene Mawatha, Colombo 10. The […]
Kurdistan’s New Freedom of Information Law 'Toothless'
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. All Talk, No Action: Iraqi Kurdistan’s New Freedom of Information Law Toothless Iraqi Kurdistan has a new freedom of information law. Despite being lauded by all local political parties, the […]
Iraq could Take Lead in FDI
By John Lee. Growth in foreign direct investment (FDI) to Egypt, Iran, Iraq, Lebanon and Jordan should overtake the "expansion of flows" to the Gulf Cooperation Council (GCC) by 2019, according to a new report from London's Centre for Economics and Business Research (CEBR) and the ICAEW. The report focuses on the GCC member countries […]
Safar Launches New Hose Business
By John Lee. In what it describes as "a timely solution for the local oil and gas market", Safar Oilfield Services has launched its new hose business at its 2,000 square meter facility in Erbil, Iraq. Through its partnership with EATON Aeroquip, Safar provides customized hose solutions for drilling companies throughout the region. Our new […]
Stolen Museum Artifacts Repatriated
A handover ceremony took place on May 21, 2014 if many of the stolen and looted artifacts from the National Museum. The ceremony took place in the presence of Foreign Minister, Hoshyar Zebari, Minister of Tourism and Antiquities Liwa' Smaisim and Officials in the administration of the museum. These pieces, which include 166 clay tablets […]