$98m Contractor Technical Support for Iraqi Defense Network
The Defense Security Cooperation Agency [DSCA] notified Congress today [September 24, 2010] of a possible Foreign Military Sale to Iraq of contractor technical support of the Iraqi Defense Network and associated parts and equipment for a complete package worth approximately $98 million. The Government of Iraq has requested a possible sale of contractor technical support […]
$57m Contractor Logistics Support for Mobile Communications Centers
The Defense Security Cooperation Agency [DSCA] notified Congress today [September 24, 2010] of a possible Foreign Military Sale to Iraq of contractor logistics support for Mobile Communications Centers and associated parts and equipment for a complete package worth approximately $57 million. The Government of Iraq has requested a possible sale of contractor technical support for […]
$443m Imports to Iraq from Iran's Kermanshah
In the Iranian first half-year (starting March 21) $443 million [530 billion Iraqi dinars] worth of goods were exported to Iraq through border crossings in Iran’s Kermanshah Province. ISNA news agency cited a report by Kermanshah Customs Administration stating that the exported items included cement, fish, dairy products, vegetables, fruit, and confectionary and aluminum retainers. […]
Oil Ministry Denounces Police Raid in CNPC Oilfield
Further to our report yesterday on the police raid on CNPC's al-ahdab oilfield, Iraq's Oil Ministry said on Tuesday that security forces had violated the law, and expressed concern for the affect it could have on foreign investment in the oil sector. "Oil sites and facilities are under the control of the Central Government and […]
UK Conference on Oil and Gas Opportunities in Iraq
Mott MacDonald, the leading global management, engineering and development consultancy, is a sponsor of the UKTI (UK Trade and Investment) and EIC (Energy Industries Council) conference on oil and gas opportunities in Iraq. The conference programme started in London at the EIC on 28 September and moves to Middlesbrough Football Club on 29 September and […]
Pentagon Plans $4.2bn Arms Sales to Iraq
The Pentagon issued a proposal on Monday to sell weapons worth $4.2bn to Iraq, including 18 F-16 fighter aircraft, Sidewinder air-to-air missiles, laser-guided bombs and reconnaissance equipment, according to a report from the Financial Times. The Pentagon said the proposed arms sales would make Baghdad “a more valuable partner in an important area of the […]
More Than 1,000 New Wells at West Qurna 1
ExxonMobil (XOM.N) and its partner Royal Dutch Shell (RDSa.L) plan to more than double the number of new wells in Iraq's West Qurna Phase One in order to reach its projected production target, an Exxon executive said on Monday. According to Reuters, quoting ExxonMobil's Iraq Vice President, James Adams, Exxon aims to drill two to […]
UK Firm to Lead $10bn Rebuilding of Sadr City
Azzaman news agency reports that the Iraqi government has agreed to allocate $10 billion for the reconstruction of Sadr City, and that talks with international firms have reached an advanced stage. Sadr City is on the outskirts of Baghdad and is perhaps Iraq’s most impoverished town, but if the reports are correct is should become […]
Iraq Builds up Navy to Protect Oil Shipments
Iraq inaugurated the first of its fleet of new US-built patrol boats on Sunday, part of the effort to boost its naval capacity and secure key oil platforms ahead of the American pullout next year, according to an AFP report. The rapid build-up of the Iraqi navy is seen as crucial to protecting the terminals […]
Iraq's 2011 Budget: $86.4bn at $70 per Barrel
Iraq's preliminary budget proposal for the next year is $86.4 billion [101 trillion Iraqi dinars], based on a world oil price $70 a barrel, Deputy Finance Minister Fadhil Nabi has told Reuters. Iraq's Finance Minister, Baqir Jabur al-Zubaidi, will present the budget to the cabinet this week. According to Iraqi law, the annual budget must […]
"Corruption" at Al-Ahdab, Execs Dismissed
A media department official in Wassit Council said on Sunday that they had expelled executives from the Al-Ahdab oil field accusing them of embezzling public funds. Taha Hassan Abdul told AKnews that the decision came after a delegation from Wasit council including its deputy chairman visited the field, 30 km west of Kut, with a […]
Russian/Swiss Firm to Build 2 Power Stations in Amara
The local administration in the province of Maysan [Missan] has reportedly agreed a deal with a Swiss-Russian firm to set up two power stations in the city of al-Amara, according to Aswat al-Iraq. “The Missan local government agreed today (Sept. 25) with Russia’s Wintercroft Capital to build two steam-operated power stations with capacities of 650 […]