Germans in Basra for Investments
Basra will get huge funds from oil revenues and will rely on major industrial countries to develop its infrastructure.
L-3 Communications Receives 2 Iraq Contracts
L-3 Communications has received two contracts for work in Iraq, worth a total of $255.7 million.
23 Centers to Combat Illiteracy in Karbala
Twenty-three centers have been opened in Karbala to combat illiteracy, the province’s governor said on Sunday. “This has been done in cooperation with the education department in Karbala”, Eng. Amal al-Din al-Hir told Aswat al-Iraq news agency. A total of 600 people, including 200 women, aged between 15 and 55 years, will enroll at those […]
Minister Calls on Dutch Companies to Invest in Iraq
The Minister for Transport Amer Abdul-Jabbar Ismail received the Dutch ambassador to Iraq, Peter van Levin, on Sunday. During the meeting, the two reviewed ways of developing cooperation between the two countries. According to a statement issued by the Ministry of Transport, the Minister called for Dutch companies to invest in the transport sector in […]
Water Resources Ministry Begins Reclamation Works in Anbar
The Iraqi Ministry of Water Resources on Sunday said it has begun reclamation works along the Euphrates River in Anbar. “Technical teams and engineers from the State Authority for Irrigation and Reclamation Projects are currently doing reclamation works on a total area of 103,000 donums along the Euphrates River,” read the statement that was received […]
Basra - Lowest Unemployment Iraq
A discussion loop in Basra on Sunday showed that the province has the lowest unemployment rate throughout Iraq. “Unemployment is among the biggest challenges that face Iraqi economy,” a source insider to the loop told Aswat al-Iraq news agency. She said that unemployment negatively affects economic and social circumstances in Iraq. (Aswat Al Iraq)
Petrofac Targets Iraq Oil after Asfari Quadruples Share Value
Ayman Asfari, the chief executive officer whose oil and gas engineering skills guided a fourfold increase in the value of Petrofac Plc within five years, is now preparing to tap Iraq’s energy boom.
OPEC Concern over Iraq Oil 'tsunami'
'You could be looking at 1.5 million barrels in two years,' said a senior executive at one of the oil firms involved in Iraq. 'That could make a huge difference to the supply and demand balance. Is there going to be that kind of demand pick up in that timeframe?'
The Oil Curse
Iraqi's won't be kept away from the polls by mere car bombs and mortar shells. But by and large they were voting for the same coterie of politicians who've made Iraq among the five most corrupt nations in the world.
Gulf Keystone Petroleum takes Full Control of Kurdistan Operating Subsidiary
Gulf Keystone Petroleum is set to increase its interests in Kurdistan by assuming 100% control of its GKPI operating subsidiary, following a material default by the company’s investment partner in Kurdistan, ETAMIC.
Coyne Airways route into Iraq
Coyne Airways has been appointed as the exclusive sales agent in the UK and Ireland for RUS Aviation, giving freight forwarders direct access to an extensive route network into Iraq.
Cabinet allocates oil revenues to producing provinces
“The cabinet proposed the allocation of $1 per barrel to each province that produces oil,” Dr. Ali al-Dabbagh, the official spokesperson of the Iraqi government, said in a release on Tuesday received by Aswat al-Iraq news agency.