Gazprom to Begin Oil Output at Badra in 2013
Russia's Gazprom Neft expects to start commercial production at Iraq's Badra (Badrah) gas field in August 2013, according to Reuters. Initial production is expected to be 15,000 barrels per day. The company said it commenced drilling the first appraisal well on Thursday. "The results of the initial appraisal wells will allow us to better understand the […]
Najaf Seeks to Expand Its Airport
Najaf's government has allocated 15 billion IQD ($13 million USD) to develop Najaf International Airport, according to AKnews. The governor of Najaf, Adnan al-Zarafi told AKnews that the development plans will include updating equipment, expanding the apron and improving mechanisms for dealing with more traffic. A new committee has been formed by the Council to […]
Dubai's Jashanmal Considers Acquisitions in Iraq
A UAE-based wholesaler and retailer of luxury fashion brands is eyeing acquisition opportunities and joint ventures in Iraq. Tony Jashanmal (pictured), Group Director of Jashanmal National Company, said: "Yes, we are looking for acquisitions, and we have let the word out that we are indeed looking for joint ventures and acquisitions ... We're targeting the […]
Polish Region Signs Declaration of Cooperation with Kurdistan
Representatives of Poland’s Malopolska Region on Monday in Erbil signed a Declaration of Cooperation with the Kurdistan Region. The agreement marks a significant step in relations between Poland and Kurdistan. The declaration was signed by Mr Marek Sowa, the Marshal of Poland’s Malopolska Region, and the Kurdistan Regional Government (KRG) Minister of Trade and Industry […]
"Multipurpose Additive To Formulate Gear Oils" New Tender From MRC
Midland Refineries Company announces a multipurpose additive to formulate gear oils tender. Tenders Specifications: To meet requirement of (MIL-L2105 ) and (API-GL-5) & API (GL-4 ) using customers additive. The additive should be stable storage temperature of up to48 °C also it must be soluble in all type of base stocks group especially paraffini type derived […]
Midland Refineries Company Announces A New Hydroxy Stearic Acid Tender
Midland Refineries Company announces a new tender for 12-Hydroxy Stearic Acid. For further information , please click here. Please note that the closing date is 18/12/2011 at 1:00.
Honeywell Has $360m Worth of Contracts in Iraq
Honeywell has said it currently has $360m worth of contracts in Iraq, Dow Jones has reported. The US-based engineering firm has a contract with China National Petroleum Corporation (CNPC) to develop process control systems and fire and gas detection systems at the Ahdab oil field, Tarek Nahl, the company's Middle East sales manager, told the […]
Iraqi Cement Company makes $13m Profit
The Iraqi Cement Company made a profit of 16 billion dinar [$13 million], according to Aswat al-Iraq. "A major success has been achieved by the Ministry of Industry Minerals and the Iraqi Cement Company," a media spokesman for the Company's Director-General, Nasser al-Madani reported. "The Company had achieved more than 16 billion (b) dinar proft […]
British Film Festival in Kurdistan
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. A great British poet, Samuel Coleridge, wrote in 1817 that art in its best form required a “willing suspension of disbelief”. What he meant by that is that most literature or […]
Stable Currency Key to Iraq's Success
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), said he expects Iraq's rate of economic growth to increase in the coming years, partly as a result fo the country's "generous benefits, guarantees and exemptions". He said that the country has averaged […]
Men of Steal: US Troops Profit in Iraq
The Russian news agency RT produced this report on corruption in the US military in Iraq: (Source: RT)
US to Spend More than $6bn in Iraq Next Year
The United States is to spend more than $6 billion in Iraq in 2012 even though its forces are to withdraw from the country by the end of this year, US ambassador James Jeffrey (pictured) said on Sunday, according to AFP. US President Barack Obama announced on October 21 that the last troops would leave […]