Iraqis in Vietnam to Foster Relations
An Iraqi diplomatic delegation on Tuesday held a meeting with the Vietnamese foreign minister, with whom they discussed ways of boosting diplomatic and economic relations, according to a foreign ministry’s statement. “The delegation, led by Undersecretary of Iraqi Foreign Ministry Labied Abbawi, expressed Iraq’s desire to strengthen relations with Vietnam in various domains,” said the […]
Exxon to Lead Water Injection Project in Iraq
Exxon Mobil has been picked to lead a "multibillion-dollar" water-injection project on behalf of international oil companies that won contracts in southern Iraqi oilfields
CNPC: Rumaila Oilfield Output up 10% by Year-End
A consortium led by China National Petroleum Corp. and U.K. oil major BP PLC plans to increase crude oil production from the field by 10% by the end of this year.
Missan Governor Discusses Investment Cooperation with Turkey
Talks poured over opening an office to implement projects in coordination between Turkish companies and local businesses.
More Power Projects for Iraq’s Basra
The municipal council of the southern Iraqi province of Basra has approved 25 power projects worth $32 million.
Iraq's Economic Tipping Point
The big political news in recent days was the announcement that votes are to be re-counted in the Baghdad district, which accounts for 70 of the parliament's 325 seats. With Iyad Allawi's Iraqiya party having apparently defeated incumbent Prime Minister Nouri al-Maliki's State of Law coalition by just two seats, any changes to the result […]
50 Chinese Firms Exhibit Goods at Fair in Southern Iraqi Province
A trade exhibition at the southern city of Nasiriya has drawn 50 Chinese firms, a senior provincial official said. “Nasiriya is now playing host to 50 Chinese firms exhibiting various products,” said Ali Fahad, a deputy governor. Nasiriya is the capital of Dhiqar Province, which mainly relies on agriculture as the mainstay of its economy. […]
$21 Million Residential Compound in Diwaniya
An Iraqi investor has received a license to build a residential compound in southern Diwaniya, according to chairman of the Diwaniya Investment Commission. “The commission provided a license to Abdulkarim Hatef al-Zubaidi, an Iraqi investor, to establish a residential compound in southern Diwaniya at a cost of $21.240 million within 36 months,” Hakem al-Khuzaie told […]
German Company Seeks to Increase Investments in Basra
A German company met with the Basra Investment Commission on Wednesday to discuss increasing its investments in the province, according to a commission official. “The IQ MARTRADE Company is considering investment in berth 8 at Khour al-Zubeir port, and is also keen to establish a factory to make oil pipes in the province,” Ahmad Wahied […]
Canadians Invest in 5,000 Housing Units in Baghdad
A Canadian firm is investing $299 million in 5,000 housing units in Baghdad. “The units will comprise a complete town including all the related services,” the Baghdad Investment Commission said in a release on Monday received by Aswat al-Iraq news agency. It said that at least 20 thousand people will live there. ( Aswat Al […]
Iraq Middle Oil Fields Output to Reach 400,000 Bpd
The Ministry of Oil will decouple some directorates from the Ministry and annex the same to Naft Al Wassat Company in order to speed up establishing the company and to decrease the pressure faced by the SOC, MOC.
Turkey State Owned Oil Company Presents Bids to Develop Iraq Natural Gas Fields
Turkey state Owned Oil Company said that the company intends to offer bids in order to develop Akas, Al Mansouriah and Siba for natural gas in Iraq.