CNPC Iraqi Halfaya Work to Start in H2 -PetroChina
China National Petroleum Company (CNPC) will start work on the Iraqi Halfaya project in the second half of this year, Jiang Jiemin, the chairman of CNPC's subsidiary PetroChina (0857.HK), said on Friday.
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 […]
CNOOC Near Deal to Develop Iraq Oil
A consortium led by Cnooc Ltd is the frontrunner to win the right to develop Iraq's 2.5 billion-barrel Missan oil-field complex after agreeing to Iraqi government proposals, officials said Thursday.
Tide Turns as Kurds Push for Oil Law amid South's Sudden Bright Future
For a long time, the northern Kurdistan region was seen as the most attractive oil market in the country but the latest bid rounds in December and subsequent contract signings in the south have made it suddenly "less clear that Baghdad actually needs an oil law with Kurdistan, because they're actually doing pretty well on […]
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 […]
Discussions in Basra About Iranian Commercial Center
Iraqi-Iranian discussions took place in Basra about starting an Iranian commercial center that embraces offices of Iranian firms in the province.
Robust Growth for Mideast Mobile Operators
Middle Eastern mobile operators have outperformed their western counterparts for the first time, which have led to profitable growth and overseas expansion.
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.
Shaping Iraq's oil policy - and its politics
At stake is arguably the fiscal future of Iraq and its effect on the world's supply of oil for the next 50 years. The case centres around the applicability of laws from the previous regime, whether an old law which has not been repealed or altered requires federal oil tenders to be ratified by parliament.
Ministry will Appoint All Oil Graduates
The Oil Ministry has decided to appoint graduates from 2005-2009 to different oil companies throughout Iraq, Essam Jihad told Aswat al-Iraq news agency. “The distribution of jobs will take into consideration the nearness of the work to the graduates’ houses,” he added. “The appointments will be done in batches within the Ministry’s 2010 plan. The […]
Kurdistan Suspends Foreign Investment in Education
The government of Iraq's northern Kurdistan region has decided to suspend foreign investment in the education sector, in an effort to tackle low standards of teaching in the semi-autonomous province, Meed has reported. "We need to sort ourselves out and put our house in order first," Dlawer Ala'Aldeen, the minister for higher education said. The […]