Gas Factories to Exchange Plastic Cylinders
Oil ministry's media spokesman, Asem Jihad, said that the ministry has ordered all gas-selling stations and gas factories in Baghdad to exchange plastic cylinders for metal ones. Jihad added in a statement to NMC that the ministry imported 100 thousand plastic gas cylinders within its contract It is waiting allocations to import large amounts of […]
Amwag Starts US$238m Housing And Hotel Project
Iraqi-owned Amwag International announced on Monday a housing and hotel project worth US$238m in the heart of Baghdad, while more companies want to invest in the country after the security situation stabilised. Iraq, which has suffered because of decades of war and sanctions, is trying to attract foreign investors to help rebuilding its destroyed infrastructure […]
Western Diplomats Assure Commitment to Boost Oil Output in Basra
US Ambassador to Iraq Christopher Hill said Tuesday the international community was committed to helping Iraq increase its oil production. Hill, on a visit to Basra within a delegation of British, Dutch, Japanese and Italian diplomats as well as executives from international oil companies, said the US and other countries sought to speed up the […]
Western Zagros Updates Kurdamir 1
WesternZagros Resources Ltd. is continuing concerted efforts to bring the Kurdamir-1 well safely under control. The operational status of the well is unchanged; it remains shut-in, and there has been no release of hydrocarbons or hydrogen sulphide (H2S) at the surface. There have been no injuries. Specialists from Boots & Coots International Well Control Inc. […]
China Races to Secure Middle East Oil Deals
China is now the biggest importer of Saudi oil, the second-biggest of Iranian oil, and the largest player in the Iraqi oil game and "being very aggressive,"
Investors Can Help Rebuild Iraq
The Iraqi National Investment Commission has said some of the projects — worth nearly $70 billion (Dh257.4 billion) — are expected to be finalised in the near future. The news comes after Emirates announced it will begin flights to Baghdad in July. Etihad Airways has been flying to the Iraqi capital since April.
Banker Bemoans Foreign Banks' Reluctance To Set Up In Iraq
Mudhhir Mohammed Saleh, who is a member of the Central Bank's board of advisers, told RFI that foreign banks are conspicuous by their absence in Iraq for a variety of reasons, including security concerns and the lack of a favorable legal framework.
Eight International Companies Compete for Baghdad Metro Project
Eight international companies are competing to win the Baghdad Metro Project and update its studies and designs. It is estimated that the implementation of this project will total roughly 3 billion Dollars
Iraq Dissolves Iraqi Airways over Kuwait Dispute
The Iraqi government has dissolved state-owned Iraqi Airways over a decades-old financial dispute dating back to Saddam Hussein’s invasion of his oil-rich neighbor Kuwait
Iraq - An Overview
My view is that the Iraqi Government has been a great deal more astute than many of the Governments advising them - 20:20 hindsight is wonderful – but we have come a long way since the world announced last years licence round as a flop
Governor and Housing Minister Mull Kirkuk Reconstruction Projects
Kurdistan’s Housing Minister, Kamran Ahmad Abdullah, and his accompanying delegation discussed reconstruction projects in the province with Kirkuk Governor Abdulrahman Mustapha on Wednesday, according to the province’s media director. “The two sides discussed reconstruction operations in Kirkuk,” Dalier Samad told Aswat al-Iraq news agency, noting that the minister expressed the region’s support for reconstruction in […]
Abu Falous Port Receives 4 Merchant Ships
The Iraqi port of Abu Falous on Wednesday received four merchant ships carrying varied cargos, the transport ministry said in a statement. “Four ships; one from Panama and three from Iran transported containers and a varied cargo arrived in Abu Falous on Wednesday,” said the statement received by Aswat al-Iraq news agency. The Shiite province […]