New Iraq Video from Mines Advisory Group
MAG (pronounced “Mag”) – Mines Advisory Group – is a neutral and impartial humanitarian organisation that clears the remnants of conflict for the benefit of communities worldwide. MAG is creating a more secure environment in Iraq, enabling development and helping people to return home safely. Internal conflicts, the 1980-88 war with Iran, the 1991 Gulf […]
Sadr Power Station Starts Operation
Iraq's Ministry of Electricity announced on Tuesday the experimental launch of a number of electrical units in the al-Sadr gas station. According to the report from AKnews, the plant is operated by the Iranian company Snair (which Iraq Business News believes to be Sunir). The ministry’s media spokesman, Musab al-Mudarres, told AKnews that the station […]
Design & Supply of metering skids for Al Najaf depot
The Oil Projects Company (SCOP) announces a Design & Supply tender to be performed in two phases. -Supply of five metering skids. -One Small volume prover. - Two drainage vessels. The origin of the materials should be American, Japanese or Western European. Tender documents may be collected by an authorized representative of the tenderer at […]
New Tenders from MRC
Midland Refineries Company has announced the tenders listed below: * Tender no 1239/2011 : Purchasing 26 items of Spare for P.918 Wbe 1.A,B * Tender no 1260/2011 : Purchasing 2 items of Spare for centrifugal fan * Tender no 1253/2011 : Purchasing 10 items of Spare for Gearbox Type ASR 450 SPEZ * Tender no […]
KRG Prime Minister's Statement on Oil and Gas Laws
Today [Monday] the Kurdistan Regional Government (KRG) Prime Minister Barham Salih, following the visit to Erbil of Iraqi Federal Finance Minister Rafie al-Issawi, welcomed the new efforts made by all parties in the federal government on Iraq’s planned oil and gas legislation. “We have had excellent discussions with Finance Minister al-Issawi,” said Prime Minister Salih. […]
WesternZagros Down 18% on Going Concern Worries
Shares in WesternZagros Resources fell 18% on Tuesday following the release of its year-end results. There is uncertainty about the company's ability to continue as a going concern, and additional funds will be required. The text of the company's announcement is shown below, and the full announcement can be downloaded here. WesternZagros' highlights and activities […]
J&J Fined for Kickbacks in Iraq
Johnson & Johnson, the world’s second-biggest maker of medical products, will pay $70 million after admitting that the company bribed doctors in Europe and paid kickbacks in Iraq to win contracts and sell drugs and artificial joints. Bloomberg reports that subsidiaries of J&J paid bribes to doctors and hospital administrators in Greece, Poland and Romania, […]
Hyundai Offers Lowest Bid for Najaf Power Plant
South Korea's Hyundai Heavy Industries has tendered the lowest of six bids for the construction of a 500-megawatt natural-gas fired power plant in Najaf, an Iraqi Electricity Ministry official said. According to Bloomberg, Hyundai bid $158.9 million for the work; Metka SA (METTK) of Greece, Turkey’s Enka Insaat & Sanayi AS, Lanco Infratech Ltd. (LANCI) […]
Baghdad International Car Fair Opens
The General Company for Trade and Commercial Services opened a car show at the Baghdad International Fair in the presence of the Trade Ministers, Khairallah Hassan and the Labor and Social Affairs minister, Nassar al-Rubaie. According to AKnews, the Director of the General Company for Trade and Commercial Services , Sadiq Hussain Sultan, said in […]
$5m Training Centre Proposed for Basra
A delegation from Al-Rahmani Group visited Basra Investment Commission (BIC) and presented a plan to construct a technical training centre in a cost of $5 million [6 billion Iraqi dinars]. The executive chairman of the group, Eng. Raid Al-Rahmani, said, "our plan includes the construction of a training centre to develop the local working staff […]
Basra Investment Licence for Water Plant
Basra Investment Commission has granted an investment license for a company in the health sector, Ghadir, to construct a plant producing bottled water. The plant consists of a building on an area of 300 m2 as well as machines and equipment to produce 40,000 bottles per day. Total cost is estimated at 775 million Iraqi […]
Grain Board of Iraq Tenders for Wheat
The Grain Board of Iraq (Ministry of Trade) has announced a tender for the supply of 100,000 tonnes of wheat. The deadline for bids is 10:00 am Baghdad time on 23rd April. Please click here to download the tender details.