American Company Proposes Power Plant in Babil
The head of the Babil Investment Commission said on Saturday that they had received an offer from a U.S. company to build a 250 MW power plant in the province. According to a report from AKnews, Alaa Herba explained that American company 'California Source', which specializes in the energy sector, had submitted a comprehensive proposal […]
Russian Delegation Considers Investment in Basra
A delegation of Russian companies met with the chairman of Basra Council on Thursday to discuss investment opportunities in the city, a media official of the Basra council said. "A delegation of Russian companies’ representatives held a meeting with Jabbar Amin, with whom they discussed investment opportunities in the city," Hashem Ubeidi told Aswat al-Iraq […]
$1.6m Roads Project in Karbala
Works commenced on a project to pave five roads in rural areas at a cost of 2.711 billion Iraqi dinars [$1.6m], according to a spokesman for al-Hindiya district on Saturday. “Local firms embarked on a project to pave five roads in rural areas in al-Hindiya district, (20 km) east of Karbala, and other neighbouring districts,” […]
Germany's RWE Signs Kurdistan Gas Deal
Prime Minister Barham Salih today announced the signing of a Cooperation Agreement between the Kurdistan Regional Government and RWE. The RWE Group is a leading European utilities company headquartered in Essen, Germany. It has extensive experience in the building, modernisation, and upgrading of energy infrastructure. Under the agreement, RWE will provide assistance to the KRG […]
Tenders for Seismic Surveys at West Qurna-2
Reuters reports that Russian energy company Lukoil and its partners have issued a tender for seismic surveys at Iraq's West Qurna-2 oilfield, according to a statement published on Saturday. Lukoil, which along with Norway's Statoil won a contract to develop the field, invited companies to bid for carrying out 3D field seismic surveys at the […]
PetroChina Seeks to Strengthen Relationship with Iraq
PetroChina , the world's second-most valuable oil and gas producer after Exxon Mobil Corp, said on Thursday that it wants to further strengthen relationships with Iraq as it looks for new sources of oil. It is also focusing on Venezuela and Kazakhstan. The company was also in discussions for cooperation agreements with BP in the […]
US-Donated Computers for Children Missing
The U.S. military is demanding to know what happened to $1.9 million worth of computers purchased by American taxpayers, and intended for Iraqi schoolchildren, that have instead been auctioned off by Iraqi officials for less than $50,000. Reports from Associated Press and al Jazeera say the shipment of computers intended for schoolchildren in the central […]
Gas Fields Bidding - Iraq Readies Contracts
Iraq, site of the world’s third-largest oil reserves, will hold a third bidding round for gas fields which will take place on October 1, an Oil Ministry official has confirmed, according to a report from Bloomberg. “Definitive model contracts and final tender protocols will be ready on September 10, and the bidding process will be […]
Baghdad's ‘Facelift’ before Arab Summit
We reported recently that the Iraqi government has earmarked $300 million to upgrade Baghdad's hotels for next year’s Arab summit. Azzaman now reports that the Baghdad Municipality of Amanat al-Asima is racing against time to upgrade some of Baghdad’s run-down neighborhoods in advance of summit. The Iraqi government has expressed a willingness to host Arab […]
Kurdish Prime Minister to Release Oil Documents
Kurdistan Regional Government (KRG)’s prime minister promised Kurdish parliamentarians during a meeting on Wednesday to allow them access to all documents related to the KRG’s controversial oil contracts, exports and revenues, said the head of the major opposition group in Kurdistan parliament. In a meeting intended to mend fences with opposition groups in the parliament, […]
Heritage Oil Up Slightly on Results
Shares in Heritage Oil, which is actively drilling in Iraqi Kurdistan, were up 1.3% this morning following the announcement of interim results: HERITAGE OIL ANNOUNCES 2010 INTERIM RESULTS Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, announces the publication of its interim results for the six months ended 30 June 2010. […]
Iran to Claim $1 Trillion War Reparations from Iraq?
Debate is raging in Iran regarding the issue of claiming reparations from Iraq in relation to the Iran-Iraq war in the 1980s. Earlier this month, a member of the Majlis (the Iranian parliament), Eivaz Heidarpour, who is also a member of Iran's National Security and Foreign Policy Committee, said that Iran could claim compensation from […]