Iraq to Negotiate with France to Recover 651 Million Euros for Jet Payment
Iraq is trying to recover a 651 million euro (895 million dollar) payment from France for a consignment of Mirage F1 fighter planes that were never delivered, the cabinet’s official spokesman said. “A ministerial committee was recently formed to negotiate with the relevant French parties the recovery of 651 million Euros paid in advance under […]
Iraq Minister of Industry and Minerals Partakes in Indo Arab Economic Co-operation Forum
Iraq Minister of Industry and Minerals Fawzi Hariri took part in the inauguration of the Indo Arab Economic Co-operation Forum in New Delhi which is being held under the auspices of the Indian Chamber of Commerce and Industries. Officials, businessmen and investors from both public and private sectors from the entire world attend this Forum […]
Iraq to Join EITI
The administrative board of the Extractive Industries Transparency Initiative (EITI) has unanimously agreed to accept Iraq as a member, the Iraqi Ministry of Oil said on Thursday. The administrative board, comprised of 20 members, includes representatives of the permanent states, civil society organizations and extractive companies, according to a ministry statement received by Aswat al-Iraq […]
Iraq Plans to Slice Three Zeros off Currency Notes
Iraq plans to knock three zeros off the nominal value of bank notes to facilitate currency transactions, a central bank official said on Thursday. Iraq is trying to revamp its economy and boost oil production after the effects of the war with crude deals that may vault it to one of the world's top oil […]
Iraq on Road to Stamping out Oil Graft
Iraq took a step towards leaving its reputation for corruption and the misuse of oil cash behind today, as the Extractive Industries Transparency Initiative (EITI) board accepted its bid to become a candidate member. Iraq now has two years to implement EITI standards in financial reporting within its oil sector. It must also undergo validation […]
New Infrastructure in Wassit
Six projects involving roads, bridges and a water unit, have been approved for Wassit province. Total value is approximately $26m. Additionally, the provincial council has signed a contract with a number of foreign companies to build housing units for teachers.
Plans for Oil Refinery in Ninawa
Ninewa Investment Commission has asked the Iraqi Ministry of Oil to approve a project to set up an oil refinery in al-Kasak, west of Mosul, with a planned capacity of 100,000 bpd.
Power Generating Vessels Expected
(Source: Aswat Al Iraq) Power generating vessels, with capacities of 144MW and 220MW respectively, will arrive at the ports of Umm Qasr and Khour al-Zubeir in March and April.
International Participation in Irrigation Projects
An Italian delegation met with Iraqi ministers to discuss cooperation on development projects, including irrigation. The subject of irrigation was also the focus of a meeting with Czech officials during the week. No specific deals were announced.
Korean Company Wins $3bn Contract in Basra
South Korea's STX Heavy Industries has signed a $3bn deal to build a steel plant and gas-fired power station in Basra. The power plant will have a capacity of 500MW, while the steel plant should output 3m tons annually. The Iraqi State Company for Iron and Steel will take charge of operating the plant after […]
Al- Ajili / Cooperation with Hawaii University
Minister of Higher Education and Scientific Research Abd Thiab al- Ajili has confirmed that Iraqi Higher Education is looking forward to expanding cooperation with international universities with the aim of making use of their expertise in developing the educational sector and other institutions in the country. During his meeting with number of professors in Hawaii […]
Basra Council Head, Iranian Consul Discuss Construction Projects
Aswat al-Iraq reports that the head of the provincial council in Basra has met with the Iranian consul in the province to discuss the development of relations and cooperation between the two countries, particularly in the field of construction. “The talks have tackled the possibility of benefiting from the experience of Iranian companies in the […]