Iraq Launches World’s Largest Flare Reduction Project
South Gas Company, Shell and Mitsubishi today officially announced the commencement of operations of Basrah Gas Company, which will be the largest gas project in Iraq’s history and the world’s largest flares reduction project. Basrah Gas Company is a 25-year incorporated Joint Venture between Iraq’s South Gas Company holding 51% of its shares, Shell 44% […]
$830m Lockheed Martin F-16 Order
By John Lee. Lockheed Martin Aeronautics has been awarded an $830-million, firm-fixed-price, cost-plus-fixed-fee contract for the production of an additional 18 F-16 aircraft for the Iraqi Air Force. The deal includes associated support equipment, technical orders, integrated logistics support, contractor logistics support and an electronic warfare system. Work will be performed in Fort Worth with […]
BP to Build New Port Terminal at Khor al-Zubair
By John Lee. Reuters reports that BP has signed a deal with Iraq to build a new terminal at the port of Khor al-Zubair. Anmar al-Safi, spokesman at the General Company for Ports of Iraq, told Reuters: "BP will help Iraq build an advanced terminal to receive refined oil product shipments and also to export […]
DNO Releases Annual Report
By John Lee. Norway's DNO International has published its 2012 Annual Report and Accounts detailing the Company's operating performance and audited financial results. DNO delivered revenues of NOK 2,842 million in 2012, up from NOK 2,070 million a year earlier, and net profit of NOK 1,040 million in 2012 versus NOK 653 million in 2011. […]
Iraq Offers Credit in Egypt Oil Deal
By John Lee. Iraq has agreed in principle to offer a three-month, interest-free credit term to Egypt on its deal to sell 4 million barrels of crude a month. According to the report from Dow Jones Newswires, the move could ease the fuel shortage that has recently hit the Egyptian economy. Baghdad is to supply […]
Video: Media Regulator Muzzles TV Networks
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In a blow to freedom of the press in Iraq, the country's media regulator has announced it has suspended the licences of ten satellite news networks, including Qatar-based Al Jazeera. The Communication […]
Hill International Wins Project Mgt Contract
Hill International has announced that it has been awarded a contract from the State Housing Commission (SHC) of the Iraq Ministry of Construction and Housing to provide project management oversight (PMO) consulting services in connection with various housing developments throughout Iraq. The two-year contract has an estimated value to Hill of approximately $5.7 million. Raouf […]
Iraq Closes Trebil Border Crossing
By John Lee. Iraq has closed its Traibil [Turaybeel, Tirbil, Tarbiel, Trebil] border crossing with Jordan "until further notice", due to the ongoing anti-government protests and the deterioration in security in Anbar province, a provincial police source told Xinhua. The closure is expected to negatively affect commercial traffic between Iraq and Jordan which has been […]
UN Welcomes Outcome of Ramadi Meeting
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Martin Kobler (pictured), welcomed the successful outcome of yesterday’s meeting in Ramadi between the protest leaders, senior governorate officials and military and police commanders. “I respect and greatly appreciate their commitment to seeking a peaceful exit out of the dangerous standoff,” he said. […]
Iraq Suspends Licences of 10 TV Stations
Reporters Without Borders firmly condemns yesterday’s decision by Iraq’s Media and Communications Commission to suspend the licences of 10 foreign-based satellite TV channels for “inciting violence and sectarianism.” Reporters Without Borders said: “This draconian and disproportionate decision has seriously endangered freedom of information. Although the media must act responsibly, they are just doing their job […]
UN Urges Iraq to Reconsider TV Stations' Ban
The United Nations today urged the Communication and Media Commission (CMC) to reconsider its decision to suspend the licenses of several TV stations in Iraq. "Press freedom is a fundamental pillar of democracy, one that the United Nations takes very seriously," said Mr. Martin Kobler, Special Representative of the United Nations Secretary-General (SRSG) for Iraq. […]
Video: Funeral for Slain Soldiers
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq a funeral has been held for five soldiers killed in Ramadi. The incident happened during anti-government protests which have claimed more than 170 lives in the past week. Meanwhile Iraq has […]