Protester Killed, TV Station Torched
Hundreds of protesters inspired by unrest around the Arab world took to the streets of the northern Iraqi city of Sulaimaniya on Sunday and at least 48 people were injured, according to Reuters. Associated Press reports at least one person killed overnight. A source told Iraq Business News that a massive demonstration is planned for […]
Shell Confirms Participation in Basra Oil & Gas 2011
The 2nd Basra Oil & Gas Conference, sponsored as 'Official Digital Media' by Iraq Business News, is heading to be the foremost oil and gas event in Iraq. Shell’s participation in the event as one of the super-majors of the oil and gas industry clearly indicates how successful the event will be. At the start […]
Move One to Handle Logistics for Erbil Machinex Expo and Autoshow
Move One has been named the official freight forwarder for both the Erbil Machinex Expo and the Erbil Autoshow. The events, organized by Expotim and Pyramids International, will take place at the Basra International Fair Ground from March 17 – 20. Erbil Machinex will be the first professional machinery exhibition in Iraq, serving as a […]
Another Iraqi Oil and Gas Licensing Round Late 2011
Iraq aims to have another round of oil and gas licensing auctions during the fourth quarter of 2011, an Iraqi oil official said from Baghdad. Iraq has had three rounds of oil and gas auctions since the U.S.-led invasion in 2003. Increasing production at some of the fields, however, could mean overcoming some major technological […]
$86m Infrastructure Projects in Karbala
An al-Iraqiya deputy said on Wednesday that MPs from Karbala proposed two infrastructure projects worth a total of $86 million [100 billion Iraqi dinars] during the 33rd parliamentary session. Abdul Mahdi al-Khafaji told AKnews that the deputies proposed the reconstruction of two roads and the entrances to the holy city of Karbala which receives millions […]
German Investment in Ninawa
Nineveh Investment Commission announced this week that it had signed investment contracts with two German companies to build tourist facilities on the banks of the Tigris River. Jabor Abed Rabu, Chairman of the Commission, told AKnews that the companies involved are Zalmania and Backmana, but the value of the contracts were not disclosed. "The two […]
Iraqi Official Charged in Bomb Detector Scandal
Iraqi authorities have arrested a high-ranking police official in connection with the purchase of a bomb detector that the British government says does not work, officials said on Thursday. Reuters reports that Iraq spent about £75 million [$120m] on the devices, which are widely used by police and soldiers at security checkpoints and were meant […]
ABOT to use Cameron’s JISKOOT Measurement Systems
Six of Cameron’s JISKOOT CoJetix sampling systems have been ordered for installation at the new Iraqi Al-Basra Oil Terminal (ABOT). The terminal, currently under construction in the Persian Gulf, will enable Iraq’s oil export capacity to be boosted by 2.7 million barrels per day. Due to the importance of this measurement location to Iraq, the […]
Iraq Buys Grain from Glencore and Dreyfus
Iraq has bought a total of 350,000 tonnes of wheat from Australia and the United States in its latest tender, a spokesman for the Iraqi Grain Board said this week. "With this quantity, we'll be able to meet the ration requirements for March, April and May," Amer Abdul-Aziz said. Iraq is one of the world's […]
Reduced Iraq Agricultural Output in 2011
By Ronald P Verdonk, Agricultural Counselor at the U.S. Embassy in Baghdad. Looking at Iraqi agriculture over the past year, relatively abundant rainfall in late 2009 and through the first quarter of 2010 led to bumper 2010 wheat and barley crops. With last year’s domestic wheat harvest at just over 2.5 million metric tons and […]
Baghdad City Demands $1 Billion in Damages from US
The city of Baghdad wants the United States to apologize and pay $1 billion for the damage done to the city not by bombs but by blast walls and Humvees since the U.S.-led invasion that toppled Saddam Hussein. Reuters reports that Baghdad's government issued its demands in a statement on Wednesday, saying that the city's […]
Drake & Scull Eyeing Tenders in Iraq
Dubai contractor Drake & Scull International is eyeing project tenders in Iraq in the second half of 2011 as it looks to break into new markets and diversify its income. Drake, whose biggest market is Saudi Arabia, is also keeping a close eye on political unrest in Egypt, where it is bidding for $200-300m worth […]