Iraq Looking Forward to Turkish Role in Construction- Deputy PM

Iraq’s Deputy Prime Minister Rafie al-Issawi has stressed his government’s aspirations for an expanding role by Turkish companies in Iraq’s building process. This came during his speech at an investment conference, which was attended by Aswat al-Iraq news agency today. “Iraq is looking forward to boost the distinguished role of Turkish firms,” Issawi said “Turkish […]

Shell to Look Beyond Tar Sands

Royal Dutch Shell’s expansion in Canada’s controversial tar sands will be “very much slower” than in recent years, the company’s new chief executive has said, as the group makes a strategic shift away from high-cost “unconventional” oil production. Peter Voser, who took over at Europe’s second-largest oil and gas group in July, told the Financial […]

3 Locations in Missan for Investment Projects

Local authorities in Missan have prepared three locations for investments in the province. “The locations will be used for constructing hotels, parks, and residential compounds,” Eng. Mohammed Shiaa al-Sudani, the Missan governor, told Aswat al-Iraq news agency on Monday. He said that names of firms that will be executing those projects will be announced soon. […]

$21m for New Investment Project in Baghdad

Baghdad Investment Commission opened on Monday a new project in the capital, with a total cost of $21 million. “The project is a modern shopping center that was executed by a local company,” the commission said in a release received by Aswat al-Iraq news agency. It said that the center is located at the al-Daura […]

Ministry of Transport: 150 Buses in Service

Iraq’s Ministry of Transport has announced the arrival of 150 modern buses. A statement issued by the Ministry’s media office received by Eye Media said ” Um – Qasr harbor has received 130 – Korean made Hyundai buses type 2010. In addition 20 Mercedes 2010  buses came through Jordan manufactured by Bahouse Company. Bahouse is […]

Basra-Istanbul Airway to Open Soon

The Basra-Istanbul airway will be opened early next month, the deputy head of Basra’s investment commission said on Monday. “Flights will be available between Basra Airport and Turkey,” Jalal Tema al-Nouri told Aswat al-Iraq news agency. The step comes following talks with the commercial attaché in the Turkish embassy, Saeed Faeq, Nouri explained. The Shiite […]

Oil Tanks Built at Najaf Refinery to Boost Reserves

Several oil tanks of different sizes are currently being built at the Najaf refinery to increase its reserves, an informed source said on Sunday. “Work is currently underway to build 12 tanks…,” the director of the refinery, Layth Abdulrasool al-Gharawi, said in a statement received by Aswat al-Iraq news agency. The project will increase the […]

Deputy PM, Italian Envoy Discuss Development of Oilfield, Big Faw Port

Iraq’s Deputy Prime Minister Rafie al-Issawi met with the Italian ambassador to discuss the development of al-Zubeir oilfield and the construction of the Big Faw Port. “The meeting tackled the progress of work by the Italian ENI company in the development of al-Zubeir oilfield,” according to a statement released by Issawi’s office and received by […]

Lawmaker Invites Trade Minister to Appear Before Parliament

Legislator Hassan al-Saneed called on acting Iraqi Trade Minister Safaa al-Din al-Safi to appear before Parliament on Monday for consultations on the funds appropriated in the state budget to import ration card items. “Several areas in Iraq are complaining that they do not get these ration items and that’s why we invite the minister to […]

State Company Implements $3.3m Contracts

The state-owned al-Izz Company has signed contracts worth $3.3 million U.S. dollars with several institutions in the industry, electricity and civil society sectors, an official statement said on Sunday. “The company has signed a number of contracts with the state-run Diala Company for Electrical Industries to upgrade its computer systems, to rehabilitate its transformer factory […]