Iraq aims to expand the export of goods through the reduction of customs and opening world markets for goods and services ......... except oil.
The licenses of the first and second rounds of the Oil contracts will not be affected by the governmental changes and there is no third licensing round in the future.
The Iraqi Ministry of Agriculture signed a contract on Monday to import seven helicopters that will be used for agricultural purposes. “The contract’s total value is €17.4 million”, the Ministry said in a press release received by Aswat al-Iraq news agency. It noted that the helicopters will be supplied with spare parts. “The company that […]
The deputy head of the Basra council, Ahmed al-Sulaity, met with the Iranian consul to discuss plans for future cooperation in the areas of power and water, according to an official statement. “Throughout the meeting views have been exchanged concerning cooperation between Basra province and the Islamic Republic of Iran in order to achieve the […]
The investment commission in Basra has announced a project to build 552 housing units in Basra’s Faw district, the head of the commission said on Monday. “Each unit is made up of three stories and 12 apartments of 100 square meters each”, Haydar Ali told Aswat al-Iraq news agency. A theme park project will also […]
Foreign direct investment continues in Iraq as the pace picks up on the rehabilitation of the country’s infrastructure and economic base. Russian-based LuKoil is to drill its first exploration well at Iraq West Qurna 2. Mr. Vagit Alekperov CEO of LUKoil said that Russia’s largest privately held oil company, LUKoil, "[will] start drilling the first […]
Minister of oil Hussein al-Shahrestani on Monday called for all Iraqi ministries and institutions to facilitate the work of the international oil companies working in Iraq.
The Basra investment commission said it received on Monday a delegation from a Turkish company, ranked 150 among construction companies worldwide, to discuss a housing project in the province, according to a commission statement.
The Iraqi Ports Company has called on international and local firms to invest in a Basra port.
The loan limit to farmers in Kirkuk has been increased to ID250 million. “Loan amounts depend on the farming project,” Mahdi Mubarak, the Kirkuk agriculture director, told Aswat al-Iraq news agency on Monday. He noted that the loan is given by the Iraqi government, and covers 80 percent of project’s cost. “Farmers will pay no […]
The Criminal Court in Thi-Qar has sentenced an education employee to seven years in prison for embezzling 145 million Iraqi dinars (ID). “The employee has been found guilty in accordance with Article 316 of the Criminal Law,” the Supreme Criminal Council said in a statement received by Aswat al-Iraq news agency. The statement said that […]
The Najaf council threatened on Monday to declare civil disobedience and to close all local departments if the central government refused to reopen Najaf’s international airport within 3 days. This came during an extraordinary session held by the local council, attended by Najaf Governor Adnan al-Zerfi, who announced that he will meet the premier to […]