An Iraqi investor has received a license to build a residential compound in southern Diwaniya, according to chairman of the Diwaniya Investment Commission. “The commission provided a license to Abdulkarim Hatef al-Zubaidi, an Iraqi investor, to establish a residential compound in southern Diwaniya at a cost of $21.240 million within 36 months,” Hakem al-Khuzaie told […]
A German company met with the Basra Investment Commission on Wednesday to discuss increasing its investments in the province, according to a commission official. “The IQ MARTRADE Company is considering investment in berth 8 at Khour al-Zubeir port, and is also keen to establish a factory to make oil pipes in the province,” Ahmad Wahied […]
A Canadian firm is investing $299 million in 5,000 housing units in Baghdad. “The units will comprise a complete town including all the related services,” the Baghdad Investment Commission said in a release on Monday received by Aswat al-Iraq news agency. It said that at least 20 thousand people will live there. ( Aswat Al […]
The Ministry of Oil will decouple some directorates from the Ministry and annex the same to Naft Al Wassat Company in order to speed up establishing the company and to decrease the pressure faced by the SOC, MOC.
Turkey state Owned Oil Company said that the company intends to offer bids in order to develop Akas, Al Mansouriah and Siba for natural gas in Iraq.
Etihad Airways will become the first UAE carrier to fly direct to Iraq, from April 26
Renowned French hypermarket chain Carrefour will open its first Iraq store by the end of 2010 in Kurdistan Region under license from the United Arab Emirates franchise
(Source: Petroleumworld.com) Iraq Prepares New Gas Field Licensing, Cuts Oilfield Signatory Bonuses Retroactively Iraq's Oil Ministry has released plans to tender three gas fields—previously part of the first and second licensing rounds—to 15 invited companies and has named Shell, Total, and KOGAS as frontrunners, while also confirming that signatory bonuses for the renegotiated West Qurna-1 […]
Iraqi internet service provider FastIraq is to connect more than 100,000 homes and offices to the internet, following the arrangement of funding with Dar Es Salaam Investment Bank (“DES”). FastIraq was advised by Northern Gulf Partners (“NGP”), which secured finance based on projected cash-flow; this is a significant departure from the traditional requirement to secure […]
The Romanian government has offered the Iraqi Ministry of Higher Education 10 graduate scholarships. “There are three scholarships to earn a masters degree, and seven to earn the doctorate grade,” the Ministry said in a release on Sunday received by Aswat al-Iraq news agency. It explained that the scholarships embrace the fields of biotechnology, medical […]
Two sanitary sewage projects were finalized in the district of al-Hindiya, eastern Karbala, at a total cost of nearly two billion Iraqi dinars (roughly $1.6 million), a local service official said on Sunday. “Two local firms finalized two projects for sewerage in al-Hindiya, (20 km) northern Karbala, at a cost of 1.994 billion Iraqi dinars,” […]
Iraq Ministry of Oil said that it is about to open a new production unit in Al Dawra refinery south Baghdad in order to answer the needs of the capital.