Iraq Bars Hess from 4th Energy Auction
Reuters reports that Iraq's Oil Ministry has excluded American oil firm Hess Corp from competing in its 4th energy auction because the company signed deals with Iraq's northern Kurdish region. As we reported last week, Hess was one of the 41 companies pre-qualified for the auctions, but it was not included on a new list […]
Alstom Signs $94m Power Contract in Nineveh
Iraqi's Ministry of Electricity signed a contract on Saturday with French conglomerate Alstom to build a power generation plant in Nineveh province at a cost of approximately $94 million, according to AKnews. The Ministry said the plant will begin generating by the end of 2012. Reuters reportst that the deal requires Iraq to pay 10 […]
ONGC Videsh Close to $1.5bn Iraq Oil Deal
ONGC Videsh Ltd (OVL), the overseas arm of the Indian state-owned Oil and Natural Gas Corp (ONGC), may invest over $ 1.5 billion in exploring for oil in Iraq in a block that was awarded to it by the regime of Saddam Hussein, according to a report in the Economic Times. “We are nearing finality […]
Defense Solutions Releases Iraq-Focused Business Plan
Defense Solutions Holding, Inc. (DFSH:PK), CEO Timothy Ringgold outlined the firm’s five year growth plan that capitalizes on the firm’s extensive opportunities in Iraq. Defense Solutions has worked in Iraq since 2005 when it was the only supplier of battle tanks to the new Iraqi Army. Release of the business plan followed meetings in the […]
Plans Finalised for 100,000 Houses in Bismaya
Iraq's National Investment Commission (NIC) has announced that it has finalised the fundamental designs for the project to build 100,000 housing units in Bismaya. The units are to be built on a site of 8,000 donums (2,000 hectares), and will accommodate 500- 600,000 Iraqi citizens. NIC Chairman, Dr. Sami al-Araji, said in a press conference […]
New Iraqi Dinar - "Corruption and Money Laundering"
According to a report from Aswat al-Iraq, an economic advisor to Iraq’s Prime Minister, Nouri al-Maliki, has described the Central Bank of Iraq (CBI)'s plan to redenominate the Iraqi currency as “the worst corruption and money-laundering process in the history of Iraq.” “The CBI must understand that it is playing with fire and undermining the course […]
The Political-Majority Alternative to the Current Iraqi Government
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Oil, Power and Ports: Iraq and Kuwait Bicker Over Border Areas
According to lawmakers, the border area between Kuwait and Iraq should no longer be disputed territory. However Iraqi locals see it differently and accuse Kuwait of blocking their waterways, stealing their oil and teaching their children untruths about the area, according to this report from Niqash. As dusk falls along the southern borders that Iraq […]
أول ورشة عمل حول المستجدات في إدارة الكوارث والطوارئ في السليمانية
ستعقد في السليمانية أول ورشة عمل حول المستجدات في إدارة الكوارث والطوارئ بالتعاون مع وزارة الصحة الإتحادية ووزراة الصحة في إقليم كردستان بالتعاون مع TIEMS (الجمعية الدولية لإدارة الطوارئ) لمزيد من المعلومات الرجاء الضغط هنا.
مجتمع مهندسي البترول في لندن يقدم: التركيز على العراق الجديد بما في ذلك إقليم كردستان، 27 أكتوبر 2011
مع افتتاح الجولة العراقية الرابعة في يناير 2012، لن يكون هنالك وقت أفضل لزيادة معرفتك بفرص ومخاطرالاستثمار في هذه المنطقة. مجتمع مهندسي البترول في لندن يواصل فعاليات المسائل التقنية المالية والبيئية للاستثمار في منطقة مهيئة للاستثمار. أذا كنت معنى في هذه المنطقة أو تود معرفة المزيد عنها لا تفوت هذه الندوة. لمزيد من المعلومات الرجاء […]
Iraqi F-16 Deal Making "Significant Progress"
Washington and Baghdad have made significant progress on a deal for Iraq to buy Lockheed Martin F-16 warplanes but do not have a signed contract, according to Bloomberg. In February the Iraqi government delayed its planned purchase of F-16s and diverted $900 million set aside for an initial payment on the aircraft into its national […]
Mosul's Mushroom Farm a First for Iraq
Although they grow wild, mushrooms remain a relatively exotic food in Iraq, according to this report from Niqash. Now one ambitious Mosul man plans to change all that: by starting Iraq’s first mushroom farm. And there are already shoppers queuing for his fungi. The casual observer would be hard pressed to find signs of an […]