Plans Changed for Four New Power Stations
The Iraqi government energy committee decided to cancel plans for the construction of four power plants to boost power-generation capacity by 2,750 megawatts, according to Bloomberg. The bids were for a 1,250-megawatt plant near Basra, and three 500-megawatt plants in the cities of Samawa, Diwaniya and Amara. “These proved to be non-profitable for the Electricity […]
Weekly Security Update for 15th June 2011
Overview Levels of violence rose in Iraq last week, making it the worst recorded by AKE since the national elections were held in March 2010. There were over 90 separate attacks documented, mainly in Baghdad and the districts surrounding it, although the southern city of Basrah also saw a rare suicide attack, potentially conducted by […]
Iraq's Missing $6.6bn - Theft Not Ruled Out
The Los Angeles Times reports that theft has not been ruled out by auditors trying to trace $6.6 billion [7.9 trillion Iraqi dinars] of missing cash. A total of $12 billion in shrink-wrapped bricks of $100 bills was flown to Iraq in 2003 and 2004 to pay for public services, contractors, and general reconstruction. More […]
Iraqi Govt Allocates $927m to Electricity
The Iraqi government has approved only $927 million [1.1 billion Iraqi dinars] in the 2011 budget to tackle the electricity shortage in the country. In February, the Ministry of Electricity had demanded $6 billion (6.99 trillion Dinars) to resolve the energy crisis. On top of that an investment of between $3 billion and $4 billion […]
Govt to Dig 1,000 Water Wells a Year
The Iraqi government says it will dig 1000 wells every year to address the drought that has depleted much of Iraq’s water resources. Director of planning at the Ministry of Water, Ali Hashim, said it has completed 500 wells throughout the Iraqi provinces. "The ministry intends to make more effort to exploit groundwater for human […]
Scania to Assemble Trucks in Iraq
Adnan al-Sharif, head of the state-owned car manufacturing company, has told Azzaman news agency that Swedish truck manufacturer Scania is to set up an assembly line in Iraq for the production of 800 trucks a year. Sharif did not say how the deal will be financed, but he said his company aspires to become Scania’s […]
DNO Shares Up on Increased Reserves at Tawke
Shares in DNO were up as much as 7% during the day on Tuesday, before closing the day up 4.25% up on Monday's close, following the announcement of increased reserves at its Tawke oilfield: The Ministry of Natural Resources of the Kurdistan Regional Government (KRG) is conducting its first ever survey of regional oil and […]
Gulf Keystone Updates on Oil Export Plans
Further to the announcement of 23 May 2011, Gulf Keystone has announced that currently the Company is in the commissioning phase of oil export operations from its Extended Well Test (EWT) facility close to Shaikan-1 and Shaikan-3. The commissioning phase, involving final preparations and customary checks and tests on all elements of the process, including […]
New Steel Plant for Wassit
The head of the Wassit Investment Commission today laid the cornerstone for a $24m [29 billion Iraqi dinar] iron and steel factory. This is the first factory to be established in the province in the last 40 years, the province's media director stated. Majid al-Attabi told Aswat al-Iraq that the factory will be established in […]
Aberdeen-based businesses to meet with a trade delegation from Kurdistan region
Posted by Julien Massé - Aberdeen Chamber of Commerce I am currently collecting interest for Aberdeen-based businesses to meet up with a trade delegation coming this month from the Kurdistan region. I know you have a particular interest in the region and thought you could be interested. The event will take place in Edinburgh on […]
GFC Announces A New Counter Tender
Announcement for Tender No 32F/2011 Gas Filling Company -one of the Ministry of Oil companies –has the pleasure to announce for the tender of supplying (Counter works on prepay for residential complex) as a part of operation budget of 2011. So manufacturer companies & their approved agents companies only who are interested in participating in the above mentioned […]
More Tenders From MRC
Midland Refineries Company announces new tenders: - Spare Parts for pump (Mechanical seals). -Spares For Peabody Steam Atomizing Oil Burners. -Burner Soot Blower Condenser & Ejector. -Burner Soot Blower Condenser & Ejector. -Spare Parts for Pumps. -Spare Parts for Pumps. Please click on the above links to obtain further information about the tenders.