5-year Development Plan Approved
The Council of Ministers on Tuesday approved the five-year development plan (2010-2014). “The council approved today (April 27) the five-year development plan after taking into consideration the proposed adjustments by some ministries,” official spokesman Ali al-Dabbagh told Aswat al-Iraq news agency. ( Aswat Al Iraq )
25% of Nasiriya Development Completed
Iraq says it has completed 25% of the plan to develop its Nasiriyah oil field. Nasariya’s development is carried out by the state-owned South Oil company. The field, which currently produces 10,000 barrels a day, is expected to increase output to 50,000 in 2011, according to the company’s Director-General Dhia Jaafar. The company has drilled […]
BP to Be Paid in Crude for Iraq Investment Costs
28 April 2010 - Bloomberg BP Plc will be paid in crude for its investment costs in an Iraqi contract that offers about the same rate of return as other projects worldwide, Chief Executive Officer Tony Hayward said. BP and China National Petroleum Corp. are spending about $15 billion in Rumaila, Iraq’s largest oil deposit, pledging […]
Pumping Oil Resumed from Kirkuk to Ceyhan
Iraq resumed exporting crude oil to turkey through Kirkuk-Ceyhan northern pipeline thru which passes one quarter of Iraq oil exports
Iraq Completes 25% of Nasiriya Oil Field Development Plan
Iraq says it has completed 25% of the plan to develop its Nasiriyah oil field.
Getting This Show on the Road
Nearly two months after the elections in Iraq, the outcome has become even more uncertain, as votes for several candidates with alleged ties to the Ba'ath Party were disqualified on Monday. Further disqualification decisions have reportedly been postponed until next week. In the meantime, Ayad Allawi, whose Iraqiya party has a two-seat lead over Nouri […]
Basra Tender on the Table
Companies have until 5 May to prequalify to compete for the rehabilitation and expansion of the existing export facilities and pipelines in the southern oil hub city of Basra, Reuters said.
Turkish Industrial Fair in Basra
A 4-day international fair for Turkish industries has opened on Monday at Basra Airport.
Iraqi Airways to Start Mosul-Beirut Flights
The Iraqi Airways Company will start flights from Mosul-Beirut next Friday (April 30).
Berham Salih Seeks Opening Free Trade Turf Between Turkey and Kurdistan
Kurdistan president, Dr. Berham Salih, discussed the double relations between his region and Turkey, and ways to develop reinforce these relations with the Turkish consul in Erbil. According to a press statement issued by the region government, the two sides discussed opening the airway between Sulaimania, Erbil and Turkey to improve travel for citizens, companies […]
Kirkuk Cotton Gin Underway
Nine stages of the reconstruction and development of a cotton gin project in Kirkuk have been finalized, according to an official source. “Nine stages of the project have been finalized at a total cost of 12 billion Iraqi dinars,” Farouq Bakr told Aswat al-Iraq news agency. “The gin’s daily capacity will reach 180 tons,” he […]
Former Lubbock Resident in Charge of Iraq's Largest Bank
The head of Iraq's largest financial institution was once a Lubbock resident. Texas Tech graduate Hussein Al-Uzri is the head of the Trade Bank of Iraq. Al-Uzri returned last week for a visit. "It's always been my dream to come back to Lubbock and Texas Tech and see the great development that has happened here," […]