Video; 'Looking for Nothing' in Iraq's Desert
After a research trip to an oil field in east Iraq, Ruba Husari, a British citizen of Palestinian descent, took a detour to visit a site she had wanted to see for some time. When she arrived it was barren, but the spot marked the exact geographic intersection of a latitude and longitude point -- […]
Iraq’s Refining Capacity to hit 750,000 bpd in 2013
By John Lee. Iraq’s refining capacity will increase from its current level of 600,000 bpd to 750,000 bpd next year, said Oil Ministry Undersecretary Ahmad al-Shamaa. But according to the report from Azzaman, the surge will still fall short of meeting the country’s domestic needs, with some of Iraq’s major refineries producing much less than […]
Al-Maliki, Ban Ki-moon, Discuss Chapter VII
By John Lee. His Excellency Prime Minister Nouri Kamil Al-Maliki met in his office, the Secretary-General of the United Nations, Mr. Ban Ki-moon. During the meeting, the Prime Minister praised the role of the United Nations, for supporting Iraq in various conditions and on the cooperation between the two sides. He also praised the efforts […]
TAG Heuer to Open Store in Iraq
By John Lee. Swiss luxury watchmaker TAG Heuer plans to open its first store in Iraq by either 2013 or 2014, company President and CEO Jean-Christophe Babin told Gulf News in an interview. Gulf News: You have opened a boutique in Iran and planning one for Iraq and Kurdistan. How much growth do you expect […]
Lufthansa Consulting Wins Mosul Airport Contract
By John Lee. The Iraqi Government and Lufthansa Consulting continue their successful collaboration to establish international standards for the country’s future aviation development: During the recent Iraqi-German Business Forum in Berlin, the Governor of the Nineveh Governorate, H.E. Athil Abdulazeez Al Najafi, and Lufthansa Consulting signed a Memorandum of Understanding regarding the development of Mosul […]
Iraqi Airways Recieves its first Airbus A330
By John Lee. Iraqi Airways has taken delivery of its first Airbus A330-200, the first Airbus widebody aircraft to be operated by the airline, which already has two A321 aircraft. Accommodating a two-class configuration of 24 business and 264 economy seats, the aircraft is powered by GE CF6-80 engines and will be deployed on European […]
Iraq "Reopens Strategic Pipeline"
According to a report from NINA, Iraq's Minister of Oil, Abdul Kareem Luaibi [Elaibi], has announced that since Tuesday 4th December crude oil has been pumped through the "Strategic Pipeline", which runs North-South through Iraq. Iraq Business News has been unable to verify the report, which also did not specify the direction in which the […]
Anbar Announces Desert Cultivation Project
The Anbar provincial council has announced a new project to cultivate desert of the western region. Hasssan al-Mulla, chairman of the council's investment committee, told Aswat al-Iraq news agency: "The provincial council signed a memorandum of understanding with a UAE company, which includes a group of foreign companies, including a British one, to cultivate the […]
Najaf Refinery Increases Oil Storage Capacity
The State Compamy for Oil Projects (SCOP), part of the Ministry of Oil, has reportedly completed construction of 18 storage tanks at the Najaf refinery, with a total capacity of 51 million liters. The Media director of Najaf refinery, Ahmed Razg, told AIN: "The cost of the project was IQD 21 billion [$18 million], bringing […]
Al-Maliki Receives Kuwaiti Media Delegation
Prime Minister Nouri Al-Maliki received a Kuwaiti media delegation at his office on Wednesday. During the meeting, the Prime Minister emphasized that resolving the problems between Iraqi Airways with Kuwait is a positive gesture which could lead to greater cooperation and improved relations between the countries. The Prime Minister said Iraq continues to work to […]
New Developments at Iraq Business News
Having racked up more than three million pageviews over the past year, and with more than 12,000 subscribers to our weekly free newsletter, we have decided to bolster our marketing and business development team at Iraq Business News. To that end, we are delighted to be joined by: David Jeffries, CEO of Only Media Ltd, […]
KBR Awarded FEED, QCSS Contracts at Mansuriya
By John Lee. KBR has announced that it has been awarded the Mansuriya Full Field Development contract to perform front end engineering and design (FEED) studies and Quality Control Support Services (QCSS) for the Turkish Petroleum Overseas Company (TPOC), a wholly owned subsidiary of Turkish Petroleum Corporation (TPAO), in Diyala Province. The Mansuriya project is […]