KBR Receives LogCAP III Award Fee
KBR announced on Monday that it received a $15.5 million award fee related to its LogCAP III work in Iraq for the six month period of performance beginning March 2010 and ending in August 2010. On March 21, 2011, KBR received its LogCAP III award fee determination letter confirming the award fee from the United […]
Etisalat Has Not Ruled Out Iraq Expansion
UAE telecom Etisalat has not ruled out expansion into Iraq after dropping its $12bn bid for a chunk of Kuwait’s Zain that would have given it access to the market, a senior executive said, according to a report from Arabian Business. “We are looking at all opportunities,” said Ahmed Bin Ali, group senior vice president […]
CBI Forecasts More Iraqi Inflation
An adviser from the Iraqi Central Bank (ICB) said on Thursday that inflation will continue to rise if the Iraqi economy continues its dependence on crude oil revenues. Muzher Mohammed Saleh told AKnews that the inflation will continue increasing unless the agricultural and industrial sectors are stimulated, in addition to supporting local production. "The monetary […]
UK Minister Clarifies Iraq Aid Commitment
British Minister of State Alan Duncan visited Iraq last week. He met with Government of Iraq and international partners to discuss the future of the UK’s Department for International Development (DFID) Iraq programme, how oil and gas revenues could help to provide basic services to the Iraqi people and what the Iraqi government could do […]
Complex Alliances in Babel
The following article was published on Sunday 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 […]
Companies Bid for South Iraq Oil Field
American, Japanese and Chinese companies have submitted bids to develop the al-Qatiaa oil field west of the southern Iraqi city of Nassiriya, according to a report from Bloomberg. The Oil Ministry is studying the offers from the three companies, Hussein Aziz, head of the municipality of al-Shatra in Nassiriya province, told reporters. He did not […]
ExxonMobil Hits Target at West Qurna
As predicted, ExxonMobil and its Iraqi partners have reached "a major milestone" for oil production at the West Qurna oil field in southern Iraq, according to a report from UPI. ExxonMobil announced field production at West Qurna-1 rose from 244,000 barrels of oil per day to 285,000 bpd under the terms of its technical services […]
Iraq Negotiating $500m New Pipelines
Iraq's state-run South Oil Company is holding talks with international oil companies to build three pipelines worth up to $500 million [600 billion Iraqi dinars], according to a report from Dow Jones Newswires. SOC's director-general said on Monday that the intention was to link key oil fields to the export system in southern Iraq. "We […]
Iraq Receives Rice and Wheat from US Suppliers
Iraq received 52,500 metric tons of wheat and 41,109 tons of rice from U.S. suppliers, Hassan Ismail Ibrahim, director general of the Grain Board of Iraq, said. Two ships delivered the wheat and rice at the southern port of Umm Qasr, Ibrahim said in an e-mailed statement. The board last month signed 12 contracts to […]
Baghdad to Sign $15 Billion Housing Contract
Bloomberg reports that Iraq will sign a contract with Arab investors next month for a $15 billion [18 trillion Iraqi dinars] housing project . One investor from the United Arab Emirates and another group of companies from the U.A.E. and Kuwait are the finalists in the bidding process, Saber al-Issawi, the governor of Baghdad, said […]
Kurdistan Building 11 Dams, Plans 28 More
In a move that could increase tensions over water supplies, the Kurdistan region's minister for agriculture has announced that the Region is building 11 dams and plan dozens more. "There are 11 dams now under construction," Jameel Sulaiman told AFP. "We have studies and designs to build 28 more," he added. He said that the […]
Kentz Positions Itself for Further Growth in Iraq
Kentz Corporation Limited, the holding company of the Kentz engineering and construction group, has positioned itself for further project opportunities in Iraq. In its annual report, issued this morning, the company said: "One area, where we see significant outlook for both capex and opex contracts is in Iraq. During the period Kentz took a 49% […]