New Tenders From Midland Refineries Co
Midland Refineries Co announces the below tenders: -Oil Dispersant For Industrial Cooling Water -Tube -Seamless Pipe For Heater -Lap Equipment -Lap Equipment -Lap Equipment -Low Voltage Electrical Material -Equipments Closing date is 25/7/2011 at 1 o'clock . Please feel free to click on the links above to obtain the original tender's document.
Iraq Needs to Focus on Results
Here at Iraq Business News we have on several occasions raised the issue of restrictions on foreign workers entering Iraq. This week, the problem raised its head once again when the leader of the business federation in Basra, Sabih Habib al-Hashemi, criticised the lack of skilled managers in the country: “Most of the economic issues […]
German Company Lands $625m Iraq Power Contract
AKnews reports that the German energy firm MBH has landed a $625 million contract to build five 100-MW power plants in Nineveh province. The Iraqi electricity ministry announced the deal on Wednesday, saying that the project is expected to be completed in 21 months. The establishment of the plants is part of the government’s plan […]
Sterling Abandons Sangaw North, Shares Fall
Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company with interests in Iraqi Kurdistan, closed the day down just 4% following a disappointing update on its operations at Sangaw North, in which it has a 53.33% working interest. The shares had opened the day down 33%. Flow testing operations […]
Minister Calls on Kuwait to Stop Work on Megaport
Iraqi Transportation Minister Hadi al-Amari (pictured) said on Wednesday that neighbouring Kuwait must stop work on its Mubarak port project because it will block Iraqi access to shipping lanes, according to a report from AFP. “The construction of this port ... demonstrates the clear intention of Kuwait to block shipping lanes from Iraqi ports and […]
Weekly Security Update for 6th July 2011
Levels of violence fell in Iraq last week, but conditions continue to fluctuate and the overall number of attacks has risen gradually since the beginning of the year. Over the past two months the country also appears to have experienced a violent week, followed by a quiet week, in fairly regular alternation. It could be […]
Iraqi Shiites Debate Federalism Again
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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
First Direct Flight from Istanbul to Najaf
Turkish Airlines operated its first direct flight from Istanbul to Najaf on Tuesday. AKnews reports that the plane carried Turkish businessmen to the holy city. The airline will operate three flights from Istanbul to Najaf every week with plans to increase the number of flights gradually to reach 7 flights per week. Head of Najaf […]
Legal Roadblocks for Iraq's Oil?
UPI reports that lawmakers in Baghdad have been asked to ban future oil contracts until a federal law on the energy sector is passed. Adnan Janabi, chairman of the Iraqi Parliament's Oil and Energy Committee, called on legislators to ban future oil contracts until they can pass a federal hydrocarbon law. The country's Oil Ministry […]
Iraqi Economy Suffers from Lack of Trained Managers
The Iraqi economy is suffering due to a lack of properly trained managers, an Iraqi business leader said on Monday. The head of the Iraqi businessmen federation in Basra, Sabih Habib al-Hashemi, told AKnews that the management situation means that Iraq's resources are not being properly exploited. "Most of the economic issues in the country […]
Iraq Oil Exports Hit 2.273m bpd in June
Bloomberg reports that Iraq exported 2.273 million barrels of oil a day in June, the most since the 2003 U.S.-led invasion of the country, according to Falah al-Amri, chairman of the State Oil Marketing Organization (SOMO). June oil revenue, at an average price of $105 a barrel, dropped to $7.1 billion from $7.4 billion a […]
Alstom Grid Wins Major Iraq Contract
Alstom Grid has been awarded a €80 million contract from Calik Energy [Calik Enerji], a leading Turkish energy company, for the supply of electrical transmission equipment to be installed in two power plants being built in Iraq by Calik Energy. This contract is considered the largest one to date for Alstom Grid in Iraq. The […]