Prime Minister Inaugurates Projects for Water Desalination in Faw
Prime Minister Nuri al-Maliki opened a project for water desalination in Faw, south of Basra, during his recent visit to the governorate. Energy project is estimated at 800 cubic meters per hour, according to the governor of Basra Chiltag Abboud Mayah. He said that the project was funded by the Ministry of Municipalities and Public […]
Water Company Pays off Iraq Bribe Penalty
Water and gas supply and treatment company AVK Holding has paid a total of 1.2 million Danish crowns to the Public Prosecutor for Serious Economic Crime (SOK) for violations relating to the UN Oil-for-Food Program scandal, Copenhagen Post reported on 15 February. AVK reached a settlement with SOK over the violations, which included accusations of […]
Industry Equipped Mobile Medical Clinics to Ministry of Health of Seven Billion Dinars
Ministry of Industry and Minerals in a statement, on Sunday, said that the General Company for Industrial Design and Consultation of draft is implementing mobile medical clinics for supplying the Ministry of Health of 100 clinic of this kind at a cost of seven billion dinars (about six million dollars), and they supplied the ministry […]
Finance Ministry Releases Housing Loans to Workers of Mixed Sector
The Finance Ministry instructed the al-Rafideen and al-Rasheed banks to release loans and advances given to the workers of the mixed sector according to the adopted rules. “Finance Minister, Baqer al-Zubaidi, met on Monday (Feb. 22) with the members of the executive office of the National Union of Labor syndicates,” said a ministry’s statement received […]
Iraq Participates in Amman Conf. to Benefit from Experience in the Region
The Iraqi minister of housing and reconstruction on Monday said that Iraq’s participation in the meetings of the UN-HABITAT meetings in Amman aims to benefit from experience in the region. “A total of 150 representatives of the state-run housing sector in neighboring countries, in addition to the private sector, non-governmental organizations (NGOs), banks and UN […]
China is willing to Invest in Karbala
First Deputy Governor of Karbala, Abbas al-Musawi said that an investment Chinese delegation arrived in the city of Karbala for the observation of the economic and security situation in order to implement various projects. Musawi said for Al Sabah: The Chinese delegation showed keen interest during the discussions that took place in the province for […]
Initial Agreements Inked with Iranian Companies on Projects in Diwaniya
Chairman of the Diwaniya council on Monday signed a number of initial agreements with a group of Iranian companies to carry out services projects in Diwaniya, the media advisor of the council’s chairman said. “Jubeir al-Juburi held a meeting with an Iranian delegation representing the union of engineers and exporters of the technical services,” Muayad […]
Iranian Bank in Basra Soon, Says Consul
The Iranian consul in Basra said on Monday that an Iranian bank will be opened soon in the province to develop the commercial movements between the two sides. “Iran is working to open a bank in Basra as a step toward the development of the commercial and economic movement between Iran and Basra,” Mohammad Reda […]
DNO Seeks Growth outside Iraq
DNO International ASA, the first foreign company to pump oil in Iraq since the 1970s, may invest outside the war-torn country as the regional Kurdish authority and Baghdad officials argue over export payments. “It’s important for us to look for opportunities in other areas, to have a more diversified portfolio,” Chief Executive Officer Helge Eide […]
Iraq Doubts OPEC Output Changes
Oil Minister Hussain al-Shahristani told The Associated Press on Monday that prices are at satisfactory levels and he does not expect OPEC to make changes to output during its meeting next month. The 11-member Organisation of the Petroleum Exporting Countries will instead discuss disappointing member compliance with output targets. Al-Shahristani made the comments a few […]
Iran Strengthens Trade Links
Reuters quotes the Iranian Consul to Basra as saying that Iran hopes to double trade with Iraq to $8 billion this year, mostly in the construction, food and industrial sectors. Meanwhile, 60 companies participated in an exhibition of Iranian trade and industry in Basra City. The consul also told Aswat al-Iraq that, “Iran is working […]
A Fourth State Oil Firm to Oversee Development
According to a report in the Lebanese “Monday Morning” magazine, the Oil Ministry will create a fourth state oil company, to be called The Middle Oil Company. It will have responsibility for managing oilfields in Anbar, Babil, Diyala, Diwaniya, Karbala and Wasit provinces, and will also manage the Iraqi Oil Exploration Company, which has a […]