VSE Awarded Contract to Support Iraqi Navy
VSE Corporation (NASDAQ GS: VSEC) reported on Monday that the Global Division of its International Group has been awarded a $10 million delivery order to provide material and technical support for the Iraqi Navy at Umm Qasr, Iraq. The scope of work includes outfitting a new Ship Repair Facility with the industrial equipment required to […]
Egyptian Trade Delegation in Iraqi Kurdistan
The Kurdistan Cabinet advisor for international relations, said Jihan Rashid Snedi, announced on Sunday that an Egyptian trade delegation will visit the Kurdistan Region. "The Egyptian trade delegation plans to talk with the chief of Kurdistan Chamber of Commerce about reconstruction, investment, business, technology, agriculture and higher education during its stay in Kurdistan," Snedi noted. […]
Talabani Calls for Enhanced Trade Ties with Iran
Iraqi President Jalal Talabani met with an Iranian official on Sunday to discuss bilateral economic relations and ways to expand trade between the two countries, according to a presidential press release. “Talabani welcomed Ali Agha Muhammadi, the economic assistant to the first vice president of Iran, and his accompanying delegation, and expressed Iraq’s keenness on […]
New Industrial Area East of Amara
A new industrial area will be built to replace the old one east of Amara [Amarah] city, in Maysan province. “The new industrial area will be on the Amara-Mashrah road, 5 km east of Amara,” a local source told Aswat al-Iraq news agency. He noted that the new industrial area’s designs have been prepared. Amara, […]
Kirkuk's share of Oil Revenues is Over $100m
Kirkuk’s governor said on Sunday that the Iraqi government has allocated 132 billion Iraqi Dinars (ID) -- over $100 million -- to Kirkuk as its share of oil revenues in the first six month of this year. Kirkuk is one of Iraq’s major centers of oil production. Since 2009, for each barrel of exported oil, […]
June Oil Exports Slightly Down
Iraq exported 1.823 million barrels a day of crude oil in June, down 4% on the 1.9 million barrels a day exported in May, the Iraqi Oil Ministry said in a statement issued on Monday. Dow Jones reports that Iraq exported in June an average of 1.44 million bpd from its southern terminals at the […]
Russian 'Neftegaz Export' Discusses Oil Opportunities in Basra
An official spokesman of Basra province said Sunday that a delegation from Russian energy company Neftegaz Export has arrived to the city to discuss investment projects with the governor. Sheltagh Abboud received on Sunday the Deputy Director of Neftegaz Export, Vladimir Fumujev, and a delegation accompanying him, who were seeking a foothold in Iraq for […]
Chinese Company to Open Trade Fair in Basra
A local government spokesperson from Basra has announced that the Chinese company "Tarim" is making the final preparations for a trade fair due to open in the Basra province (550km south of Baghdad). "The governor of Basra, Shiltagh Abboud, hosted a delegation from Tarim which is preparing to open a trade fair in the province, […]
Basra Oil and Gas Conference & Exhibition
Basra International Fair Ground 25 - 28 November 2010 Iraq is opening its doors. International Basra Oil and Gas Conference & Exhibition will take its place as the first and foremost gas and oil exhibition of the region. Events will have support from Iraq Government. Exploring Iraq's true natural resources, modernizing its oil and gas […]
Basra Governor Discusses Investment Opportunities with S. Korean Delegation
Basra's Governor, Shaltagh Abboud al-Mayyah, discussed the investment opportunities available in the province with a delegation representing the South Korean companies, according to a press release from the province’s information office on Thursday. “Governor Shaltagh received a South Korean delegation comprising the country's Ambassador to Baghdad and representatives of investment firms, for talks on means […]
North Oil Company Requests Kurdish Villagers to Move Out
On the pretext of drilling for oil, the North Oil Company (NOC) requires some Kurdish villagers around Kirkuk's Dubiz township to vacate their homes, and the First Deputy of the township suspects political intent behind the request, according to a report from AK News. The NOC has submitted a letter to Dubiz police to vacate […]
Managing Expectations in Iraq's Post-Conflict Climate
By Tariq Abdell, Founder & Chairman, Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi oil ministry held a two-day oil conference in Baghdad to discuss and tackle international oil companies' concerns about their current operations, chiefly: corruption, bureaucracy, and […]