A Vote of Confidence in Iraq's Future
This week in London, Iraq Business News was delighted to be Gold Media Partner at CWC's Iraq Petroleum 2012 conference, attended by wide range of senior executives and officials from the energy sector. The following sound-bites will give you a small taste of the mood of the event: "Iraq has greater potential than any other […]
Iraq OKs Weatherford $843m Zubair Power Contract
On Tuesday, Iraq's Cabinet approved an $843 million service contract granted to Weatherford International to install six power stations at the Zubair oil field. Government spokesman and Minister of State Ali Al-Dabbagh told Bloomberg the plants will take 18 months to install. Italian company Eni controls almost 33 percent of the Zubair project, with Iraq’s […]
No Obama Response yet to Iraq Plea on Exxon deal
Reuters reports that the White House confirmed on Tuesday that President Barack Obama received a request from Iraqi Prime Minister Nouri al-Maliki to intervene to stop ExxonMobil's deal with the Kurdistan region. "We've received the letter but are going to decline comment until we respond to Prime Minister Maliki," said White House spokesman Tommy Vietor. […]
Greek and Turkish Firms Head-to-Head for Iraqi Power Contract
Greek power plant builder Metka SA, and Turkey’s Gama Holding AS, are reportedly the remaining two companies on the shortlist to build a new power station in Iraq, according to a report from Bloomberg, citing Naftemporiki. The 500 MW plant has an estimated budget of $400 million. In recent weeks both of these companies, along with […]
"We want More British Companies in Kurdistan", KRG President
The Kurdish Regional Government’s President Masoud Barzani has been telling a delegation of Iraq Britain Business Council members the door to trade with the Kurdish region was wide open. He said: "I hope that as companies you will support us at this critical time in the development of Kurdistan. "There are British businesses here already […]
Outgoing German Ambassador notes Progress in Kurdistan
In Salahaddin on Monday KRG President Masoud Barzani welcomed the outgoing German Ambassador Christian Berger, who came to bid farewell to the Kurdistan Region as he concludes his term in Iraq. President Barzani thanked the Ambassador for the important contributions of the German people and government toward the ongoing development of Kurdistan, and Germany’s significant […]
Weekly Security Update for 20th June 2012
Levels of violence rose in Iraq last week. AKE documented more incidents than in any other seven-day period since the March 2010 elections. At least 137 people were killed and 307 injured in nationwide attacks. This is the highest figure recorded in any week since May 2010. Over the course of the week a total […]
MOT Announces A New Sugar Tender
General Contracts Department / MOT hereby announce for purchasing the quantity of 50 000 MT +/- 5% in minimum of white sugar from Brazil , Europe, United Arab Emirates . So for all bidders who are willing to participate in this tender ,please visit the General Contracts Department in the head quarter of the Ministry […]
VIP Lunch with KRG High Rep to UK - Closes Soon
The Middle East Association is pleased to be hosting a VIP Lunch with Bayan Rahman, High Representative to the UK of the Kurdistan Regional Government at Bury House on Wednesday 27th June. Please find the flyer and registration form (corrected) attached. Bayan Sami Abdul Rahman began her career as a journalist in the UK and […]
Iraqi Oil Targets Open to Negotiation
Iraq's oil production targets may be revisited, as the country refines its plans to ramp up output. Thamir Ghadhban, Chairman of the Advisory Commission to Prime Minister Nouri al-Maliki, told CWC's Iraq Petroleum 2012 conference in London that production will hit 3.4 million barrels per day (bpd) at the end of 2012, 3.9 million bpd […]
Iraq to Export Electricity Next Year?
Iraq's electricity problem could be solved by the end of the 2013, according to Iraq's deputy prime-minister with responsibility for energy. Husain al-Shahristani (pictured) told local reporters, “this year power output will reach 9,000 megawatts and skyrocket to 20,000 megawatts in 2013”. AKnews reports that he made the remarks as he inaugurated a new 400MW […]
Halfaya On Stream 15 Mths Ahead of Schedule
State-owned China National Petroleum Corporation (CNPC) says the first phase of Iraq's Halfaya oilfield has started operating at 100,000 bpd, 15 months ahead of schedule. The company says it has already started preliminary work on the second phase of development at the field, which will bring the capacity to 200,000 bpd. Iraq signed a 20-year […]