New Iraqi Oil Law Delayed
According to a report from Bloomberg, the chairman of the Iraqi parliament’s Oil and Energy Committee said in London on Tuesday that Iraq will be unable to pass its oil and revenue-sharing laws by this summer because of ongoing political disagreements. Passage of the law by June or July is “unfeasible,” Adnan Al-Janabi said at […]
Iraq Receives Wheat and Rice from US and Australia
Iraq has taken delivery of 400,000 metric tons of wheat and 127,000 tons of rice, according to Hassan Ismail Ibrahim, director general of the country’s Grain Board. Bloomberg reports that eight ships delivered the wheat from the U.S. and Australian suppliers, and four more boats unloaded rice imported from Thailand at the southern port of […]
Grain Board of Iraq Tenders for Rice
The Grain Board of Iraq (Ministry of Trade) has announced a tender for the supply of 30,000 tonnes of rice. The deadline for bids is 10:00 am Baghdad time on 11th April. Please click here to download more information.
New MRC Tenders
Midland Refineries Co announces new tenders for purchasing the materials as stated below: * 23 items of Spare part for turbine type 353 T Req. No : 1165/2011 * 5 items of Burner soot blower , condenser and ejectors Req. No: 1202/2011 *12 items of Spare parts for extra action pump Req. No: 1194/2011 *18 […]
Trump: US Should Stay in Iraq Taking Oil
Billionaire real estate tycoon and potential Republican presidential candidate, Donald Trump, has said that the United States should stay in Iraq in order to take Iraq's oil and cover the cost of the war, reports the Washington Post. "In the old days when you had wars, you win, right? You win. To the victor belonged […]
France Telecom Bullish on Iraq
Elie Girard, executive vice-president of strategy and development at France Telecom, said he was bullish about the prospects for Korek Telecom, the mobile operator based in Kurdistan, in which France Telecom recently bought a minority stake. "There is huge growth potential in Iraq," said Girard, adding that Korek would grow some 30 percent a year. […]
AsiaCell to Bankrupt Warka Bank?
Iraq Business News has received information suggesting that AsiaCell is suing Warka Bank for the return of funds amounting to around 29 billion Iraqi dinars [$25 million]. According to one source, this could be enough to do serious damage to Warka. While the full picture is still not entirely clear, we are attaching an official […]
Turkish Contract for Electrical Cabling in Kurdistan
The Ministry of Electricity in Iraqi Kurdistan has signed a contract with a Turkish Company to connect electrical power lines between the provinces of Sulaimaniya and Erbil. Kurdistan’s Electricity Minister, Yassin Sheikh Abu-Bakr, has signed a contract on Sunday with the Turkish ‘Shar’ Company to build these lines, adding that the total cost of the […]
Iraq Appoints Planning Minister
Bloomberg reports that Iraq has named its new planning minister, but has yet to agree on top security posts, three months after Prime Minister Nuri al-Maliki’s cabinet was formed. Lawmakers in Baghdad voted unanimously to appoint Ali Youssef Abdel Nabi, according to the website of his political party, the Sadr Trend, which is led by […]
2 New Power Stations for Maysan
The Iraqi electricity ministry has given the thumbs up to the construction of two new power stations with a capacity of 600 megawatt in Maysan [Missan], according to Aswat al-Iraq. “One station with a capacity of 100 MW will be set up in al-Batira, (5 km) north of al-Amara, while the other will be near […]
Norway to Open Consulate in Kurdistan
The Norwegian ambassador to Iraq said his country intends to open a representative office in Kurdistan soon. The official added his country intends to set vocational training for Iraqis. The step is one of the plans to boost the economic, political and cultural ties with Iraq and the Kurdistan Region, Peter Olberg told AKnews Sunday. […]
Iraq's Ministers Discuss Water Security
Iraq's Council of Ministers has formed a special committee to study the legal aspects of the international agreements related to the water share, in order to define the share of Iraq’s neighboring states from the water of Tigris and Euphrates Rivers, according to Aswat al-Iraq. “The question of water received exceptional attention during the recent […]