5,280 Housing Unit Project for Basra
The Basra Investment Commission announced that it has received an offer to build 5,280 housing units in the “New Basra” City at a cost of $939 million [1100 billion Iraqi dinars]. The offer came from the al-Saqr al-Jareh [al-Saqar al-Jareh] company, whose director general, Sarah Hameed Meran, said, "The project plan includes the construction of […]
Iraq-Jordan Rail Link - 6m Tons Cargo Annually
The planned single-track rail link between Iraq and Jordan will boast an annual cargo capacity of 6 million tons, an Iraqi Transport Ministry spokesman said on Sunday. Jawad al Kharsan told AKnews that initial technical and economic feasibility studies into the rail project had been conducted by both countries. He explained that talks between a […]
Missan Oil Company to Compensate Farmers at Halfaya
Iraq's Missan Oil Company has said it has formed a committee to compensate the farmers whose agricultural areas fell within the Halfaya Oil Field, east of its Amara city. “In response to the approval of the Oil Minister and the instructions of Missan Oil Company’s Director-General, a committee was formed to carry out field inspection […]
Shahristani Says Oil Prices Reasonable
World oil prices are at reasonable levels and OPEC does not intend to reconsider its production targets at its meeting in June, Iraq's Deputy Prime Minister for energy, Hussain al-Shahristani, said on Sunday. Reuters reports that Shahristani, speaking at the launch of a new power plant project in Iraq, said he had no concern about […]
Turkey's Lanka Wins Nineveh Power Contract
A Turkish company has been contracted to set up four new power stations in Nineveh province at an overall cost of $200 million [240 billion Iraqi dinars], a provincial energy official has announced. Muhammed Wadallah al-Jabbouri from the Nineveh directorate of energy told AKnews that the Turkish firm Lanka has been given the task of […]
Australian Govt Supports Leighton Holdings Iraq Project
A $733 million [880 billion Iraqi dinar] contract for Leighton Holdings to construct enhanced crude oil facilities in southern Iraq has been met with support from Australia's Export Finance and Insurance Corporation (EFIC). The EFIC has provided two performance bonds worth $US36.7 million to Leighton Holdings subsidiary Leighton Offshore under a bonding line provided to […]
Memos Signed with 2 Int'l Companies in Diwaniya
Diwaniya council has signed memorandums of understanding with two international companies to implement a number of projects in the province, according to the Aswat al-Iraq news agency. "Chairman of the council, Jubeir al-Juburi, signed memorandums of understanding with a representative of a Korean company to build huge oil-fueled generators," said Muayad al-Ansari, a media advisor […]
Book Fair in Erbil Exhibits 15,000 Titles
A book fair exhibiting 15,000 titles has been opened in Erbil city’s Central Library. The book fair, organized by the media group Hana Group, in line with its motto “Books for all”, brings together 25 publishers from Iraq, Syria, Jordan, Saudi Arabia, Lebanon, Egypt and Iran and is expected to continue for 10 days. The […]
New Consortium for Iraq's Transport Sector
Arabian Reach, the UAE-based company specialising in exhibitions and events management across the region, has announced the launch of the Iraq Airports, Aviation and Logistics Consortium (IAALC) to further boost Iraq's growing logistics, freight and transportation sectors, which is seeing infrastructure investments to the tune of $50bn. As part of its operations, IAALC will be […]
Shahristani Denies Rumours of Reduced Oil Target
Iraq's Deputy Prime Minister for energy, Hussain al-Shahristani (pictured), said on Sunday that Iraq does not plan to lower its target for oil production of 12 million barrels per day or to re-negotiate contracts with oil firms over their plateau targets. "Absolutely not. There is no intention at all to renegotiate the contracts," Shahristani told […]
Work Starts at $450m Karbala Power Station
Iraq's Deputy Premier for Energy, Hussein al-Shahrestani, laid the foundation stone for the new 1250 megawatt al-Khairat power station in Karbala, which will add about 20% to power production in Iraq if completed as scheduled in April 2013. Iraqi energy officials on Sunday marked the start of work on a 1,250 megawatt power plant with […]
CNPC Tenders for Drilling and Survey at Halfaya
China National Petroleum Company (CNPC) and its partners Total of France and Petronas of Malaysia, have issued a tender for work in Iraq's 4.1-billion-barrel Halfaya oilfield. Reuters reports that the consortium has advertised on Monday looking for bids from companies to supply a drilling pad and to survey existing wells. The tender closes on June […]