Doura Refinery Needs Electrical Equipment
Iraq's Ministry of Oil has issued a tender for the supply of a wide range of electrical equipment to the Doura [Daura] refinery: Please click here to download the tender document. The closing date for receipt of bids is 13:00 (Baghdad time) on 15th February.
Iraq Ministry of Oil Tender for Chemicals
Iraq's Ministry of Oil has issued tenders for the supply of chemicals for the Doura [Daura] refinery: 2,000 Kg of anti-foam agent. Please click here to download the tender document. 3,000 Kg of oleine. Please click here to download the tender document. The closing date for receipt of bids for both items is 13:00 (Baghdad […]
Paving Materials Needed by Ministry of Industry
Iraq's Ministry of Industry and Minerals has issued a tender for the supply of paving material. Please click here to download the tender document. The closing date for receipt of bids is 12:00 (Baghdad time) on 31st January.
Iraq to Buy 15 New Aircraft
Iraq's Transport Ministry revealed on Thursday that it has signed a contract with a German company to buy 15 civilian aircraft to be delivered by 2013. According to the report from AKnews, this indicates that the ministry plans to contract with international airlines to operate flights to the country, on the condition that about 45% […]
Iran to Pipe Gas Via Iraq to Syria
Iran has signed a preliminary agreement to build a natural-gas pipeline to export the fuel to Syria through Iraq, the Syrian Arab National Agency has reported. The accord, signed on Thursday during Iranian Oil Minister Masoud Mir-Kazemi's visit to Syria, also provided for further cooperation in the construction of an oil refinery in Syria with […]
Iraq to Pay Expenses to Oil Firms in Kurdish Region
The Iraqi oil ministry has agreed with its Kurdish counterpart to pay exploration costs and expenses to the foreign firms working in the Kurdistan Region of Iraq, according to a report from Reuters. Spokesman Asim Jihad told the agency that the State Oil Marketing Organisation (SOMO) will be responsible for payments to the companies, which […]
$339m Traded on ISX in 2010
The Iraqi Stock Exchange announced that it held 237 trading sessions last year, during which the 25.56 billion shares worth 400 billion dinars ($339m) changed hands. The Director of the Iraqi Securities Market, Taha Ahmed Abdul Salam, said the market index (which includes 40 companies) closed at 10,098 points in the last session of 2010. […]
Shell to Receive First Shipment in Iraqi Port
According to a report from AKnews, the Media director of the Iraqi ports announced on Wednesday that Maaqel [Maaqal] port in Basra has established all the facilities required to receive the first shipment of oil equipment for Shell's Majnoon oil field in north of the province. Anmar al-Safi told the agency that Iraq's Transport Ministry […]
Scania CEO to Face Questioning on Iraq Sanctions
The Chief Executive Officer of Sweden's Scania AB, Leif Oestling, will be called for questioning by a Swedish prosecutor over allegations that the truckmaker violated United Nations sanctions against Iraq, Dagens Industri reported, citing an interview with the prosecutor. Prosecutor Nils-Eric Schultz will ask Oestling whether his employees may have violated sanctions without his knowledge, […]
Iraq Oil & Gas Report
Business Monitor International (BMI) has published a new report on the oil industry in Iraq. Summary: BMI forecasts that Iraq will account for 10.27% of Middle East (ME) regional oil demand by 2015, while providing 11.56% of supply. Middle East regional oil use of 4.98mn b/d in 2001 will rise to an estimated7.40mn barrels per […]
New Tender for Supply of Rice to Iraq
The Iraqi Grain Board has just issued a new tender for the supply of 30,000 tonnes of rice. Offers are to be received by 10:00 am (Baghdad time) on 31st January. Please click here for more details.
How Risky Is Iraq?
Let's start with a little test: Can you rank the following economies in order of the expected risk of their defaulting on their sovereign debt – Ireland, Argentina, Dubai, Greece, Iraq? The correct order, based on the cost using credit default swaps (CDS) to insure their debt against default, is: Greece (riskiest), Ireland, Argentina, Dubai, […]