Iraq Unlikely to Meet Oil Target

"Iraq continues to grapple with some very serious problems. I will be surprised if they are able to achieve a supply level of 10 to 12 million barrels a day in a foreseeable future," Herman T Franssen, President of International Energy Associates, a Washington-based company.

Baghdad 2010 Redevelopment Budget Hits $1 Billion

Azzaman reports that Baghdad's governor, Salah Abdulrazzaq, has earmarked nearly $1 billion this year to redevelop the city. 40 percent of this budget will go to cover projects started in the past two years that were not completed. The governor said many projects were not finished because the Iraqi contractors working on them failed to […]

Middle Euphrates Airport Will Provide Thousands of Jobs

Minister Amir Abdul-Jabbar during his speech on the occasion of laying the foundations ceremony at the airport of the Middle Euphrates south of Karbala that the department "of the Middle Euphrates Airport is a vital project and important feature in Iraq and will be the pride of Iraqis," adding that the cost of the airport, […]

South Korea Regains Its Investment Role in Iraq

During the Korean delegation’s visit, they discussed investment opportunities in the areas of industrial energy and military infrastructure as well as in the field of knowledge ... particularly that Iraq needs large-scale projects in the field of electric power and industrial sectors. As well as in the housing sector should also be cooperation in the […]

Iraq To Receive World Bank Loan

The World Bank, on February 25, 2010, approved a Development Policy Loan to the government of Iraq in support of the country’s efforts to mitigate the impact of the current fiscal crisis on the national economy, and support its medium-term economic reform program.