Turkish Firm Wins $88m Grand Kut Water Project
A Turkish firm has won the contract for the $88 million (105 billion Iraqi dinar) Grand Kut water project, according to a report from Aswat al-Iraq. Sobeih Lafta, the assistant governor for technical affairs in Wassit, told the news agency that the project is intended to end water scarcity in the city. The project, with […]
Turkish Bid to Build Schools in Basra
The head of the One Stop Shop Department in Basra Investmetnt Commission (BIC), Eng. Jalal Al- Noori, announced that the Turkish company Visalr has submitted an investment project to build private schools in Basra. He said the education sector is a top priority for the BIC, and that Basra has suitable lands allocated for such […]
Rotondo Weirich Builds Its First Modular Precast Villa in Iraq
RW [Rotondo Weirich], through its division in United Arab Emirates, RW Middle East, has built the first modular precast concrete villa, located in Samawah City, Al Muthanna Governorate, Southern Iraq. This 2,500 ft2 villa demonstrates the technology and benefits of fast track precast modular concrete construction versus other methods of residential building in the gulf […]
Veteran Iraqi Oil Minister sets up Energy Consultancy
Former oil ministers from OPEC nations Iraq, Algeria, Libya and Nigeria have established a group to offer advice on energy policy and business strategy. Issam Chalabi (pictured), Shokri Ghanem, Chakib Khelil and Rilwanu Lukman, former oil ministers of Iraq, Libya, Algeria and Nigeria respectively, set up the alliance following a meeting in Vienna in February. […]
Anbar Sues Shahristani for Blocking Phosphate Plant Investment
According to AKnews, Anbar council has taken a court action against Iraq's Deputy Prime Minister and Energy Minister, Hussein al-Shahristani (pictured), for not agreeing to a proposed investment in what it calls 'metal phosphate cement plants' in the province. The Deputy PM did not approve the project and instead referred it to the Ministry of […]
Lukoil Mid-East Limited Announces A New Tender
Lukoil, Mid-East Limited, a designated Operator for the West Qurna (Phase 2) contract area in Iraq, is developing the West Qurna 2 oilfield under the development and Production Service contract signed with the South Oil Company of the Iraqi Ministry of Oil. Legal entities, domestic Iraqi and foreign companies having experience of Design , Supply, […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Ideas & Partnerships for Innovation - Inviting Thoughts
By T. Keyzom Ngodup, co-founder at Ideas sYnergy. Ideas sYnergy is Iraq’s first multiple bottom line advisory company committed to inclusive economic and social development through market-based solutions that help build and scale youth-driven innovative ideas for social change. Recently, USAID’s Office for Innovation and Development Alliances (IDEA) announced a global request for concepts around […]
Exxon Reaches Deal on West Qurna Payments
ExxonMobil has reportedly reached an agreement with Baghdad to be paid in oil for work on the huge West Qurna-1 oilfield. According to the report from Reuters, foreign oil companies involved in Iraq's oil expansion generally prefer to be compensated for capital expenditure and service fees in oil, because cash payments are more complicated to […]
Kurdistan to Produce 400,000 bpd by End-2012
AKnews reports that Iraqi Kurdistan will be able to produce 400,000 barrels per day (bpd) of crude oil by the end of the year, an increase of 128% from current 175,000 bpd. "The successful policies of the KRG has made it possible for the region to start from scratch and is now capable of produce […]
Gazprom Awards Badra Analysis Contract to Expro
Leading international well flow management company Expro has secured three further contract wins in Iraq. The trio of contract awards adds to the recent contract success with ENI. Expro will undertake analysis of more than 100 PVT studies in a contract award with Gazprom in the Badra field situated close to the Iranian border. Gazprom […]
Qatar Airways Announces New Iraq Routes
Qatar Airways has announced further expansion of its rapidly-growing international network with five new passenger routes, more cargo services and capacity increases to a number of destinations served direct from the airline’s Doha hub. Among the new routes are two new destinations in Iraq – the northern city of Erbil and capital Baghdad. Both routes […]