Cummins Power Supplies Cement Factory in Samawa
By John Lee. Modern Iraq Company for Trading Agencies (MICTA), the authorised distributor for Cummins Power Generation in Iraq, has provided a prime power solution to a cement factory in Samawa, midway between the capital Baghdad and Basra in the south. Al-Douh Cement Factory (pictured) needed 15 MW of self-generation capacity for its 5,000 m2 […]
UK, KRG, Expand Cooperation in Higher Education
By John Lee. The Kurdistan Regional Government Minister of Higher Education and Scientific Research, Dr Ali Saeed, last week met with British ministers and universities to deepen and expand cooperation in the higher education and scientific research sectors. Minister Saeed led a delegation from the Kurdistan Region’s Council of Ministers and Ministry of Higher Education, […]
Petrofac Wins $100m Iraq Offshore Operations Contract
By John Lee. Petrofac, the international oil & gas service provider, has today signed a contract worth approximately US$100 million to provide offshore operations and maintenance services for the Iraq Crude Oil Expansion Project. Awarded by Iraq's South Oil Company (SOC), the 12-month contract will commence following a three-month mobilisation period. There is also additional […]
Dragon Oil Updates on Block 9
By John Lee. In its interim results for the period ended 30th June 2012, Dragon Oil today issued the following update on its business in Iraq: A consortium of companies, comprising Dragon Oil (30%), the Turkish Petroleum Corporation (TPAO) (30%) and Kuwait Energy (40% and operator), has been awarded an exploration, development and production service […]
Basra Investment Commission Issues Investment Guide
By John Lee. Basra Investment Commission has published a new guide for investors, covering such areas as opportunities, taxes, and how to get a visa. The quality of the English translation is rather poor, but it is still reasonably understandable. You can download the guide here.
KRG Minister of Agriculture and Water Visits UK
By John Lee. Professor Serwan Baban, the Kurdistan Regional Government's Minister of Agriculture and Water Resources, this week in London met Lord Green, Minister of State for Trade and Investment with officials from the Department for Environment, Food and Rural Affairs. He also met other government officials in Belfast, Northern Ireland, and thanked them for […]
Iraq Warns Total over KRG Oil Deal
By John Lee. Iraqi authorities have warned France's Total that it must freeze its energy deal with Iraqi Kurdistan or sell its stake in the Halfaya oilfield, reports Reuters. Faisal Abdullah, a spokesman for Deputy Prime Minister for Energy Hussain al-Shahristani, said: "Iraq has officially asked Total to freeze or cancel its contract with the […]
CNPC to Replace Statoil at West Qurna-2?
By John Lee. The China National Petroleum Corporation (CNPC) is reported to be in talks with Russia's OAO Lukoil about joining the company’s West Qurna-2 project in Iraq. Lukoil is seeking a partner for a 30 percent stake in the project following the exit of Norway's Statoil’s, Nefte Compass said, citing Andrei Kuzyaev (pictured), head […]
Trade Licences to be Written in Kurdish and Arabic
By John Lee. The Kurdistan Region's Ministry of Trade and Industry has said that import and export trade licences are to be written in both Kurdish and Arabic from now on. Aziz Ibrahim, Director General at the Ministry said: "The region's Ministry of Trade and Industry decided to implement the instruction of Iraq's Ministry of […]
US Embassy Travel Warning
The Department of State warns U.S. citizens against all but essential travel to Iraq given the security situation. Travel within Iraq remains dangerous. This Travel Warning replaces the Travel Warning dated January 19, 2012, to update information on security incidents and to remind U.S. citizens of ongoing security concerns for U.S. citizens in Iraq, including […]
Iraqi Tailors Driven Out of Business by Extremists
By Abdul-Muhaymen Basel. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Mosul, still one of the most dangerous cities in Iraq, wearing a suit makes you a target for kidnapping or murder. The unexpected result of […]
Hermes Datacomms Wins Contract in Iraq
By John Lee. Hermes Datacomms Middle East, a UK-based Wide Area Network communications specialist, has secured a contract to provide microwave and fibre connectivity to the Iraqi operation of Consolidated Contractors Company, a pan-regional conglomerate involved in the construction sector. According to the report from ITP, the company will provide a dedicated managed fibre circuit […]