Construction Starts at 1.6 GW Power Plant in Anbar
By John Lee. Prime Minister Mustafa Al-Kadhimi has laid the foundation stone for a new power station in the Al-Furat district of Anbar Governorate. According to a statement from the Media Office of the Prime Minister, the total capacity of the plant is 1,642 megawatts, at a cost of one billion dollars, and the project […]
IBBC hosts Reception in Erbil
On July 27th, the Iraq Britain Business Council (IBBC), courtesy of the Sardar Group, hosted a reception at the Sardar Group Showroom on Gulan Street, Erbil. Guests included HE the Governor of Erbil and other regional Governors and Government officials, in addition to the UK Ambassador to Baghdad, Mark Bryson-Richardson and UK Consul General David […]
New Plastics Plant opened in Basra
By John Lee. The Minister of Industry and Minerals, Manhal Aziz Al-Khabbaz, has re-opened a factory making low density polyethylene in Basra. The plant, run by the General Company for Petrochemical Industries, had been idle for more than 12 years. Capacity is said to be 120 tons per day, with high quality and high purity. […]
Saudi Arabia approves Maritime Transport MoU with Iraq
By John Lee. Saudi Arabia has approved a cooperation agreement with Iraq relating to maritime transport. The official statement following a meeting of the Saudi Cabinet said simply, "approving a cooperation agreement between the government of the Kingdom of Saudi Arabia and the government of the Republic of Iraq in the field of maritime transport," […]
Iraq Airways to start 6 Flights per week from Pakistan
By John Lee. Iraq Airways will reportedly start operating six flights per week from Pakistan. According to Associated Press of Pakistan, there will be four flights from Karachi and two from Islamabad, starting on 29th July, serving Baghdad and Najaf. The company appointed Wardah International Services (Pvt) Limited as its General Sales Agent (GSA) for […]
UK Firm opens new Fertiliser Plant in Basra
By John Lee. Iraq's Minister of Industry and Minerals, Mr. Manhal Aziz Al-Khabbaz, has officially opened a new fertiliser factory in Basra governorate. The plant, with a capacity of 1,500 tonnes per day, is a partnership between the State Company for Southern Fertilizers, and the UK-based AAA Holding Group. The opening ceremony was attended by […]
Sallyport wins $127m Iraq Contract
By John Lee. US-based Sallyport Global Holdings, part of the Caliburn International group, has been awarded a not-to-exceed $127,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in the support of the Iraq F-16 program. Work will be performed at Martyr Brigadier General Ali Flaih Air Base, Iraq, […]
Iraq confirms June Oil Exports
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for June of 101,191,236 barrels, giving an average for the month of 3.373 million barrels per day (bpd), up from the 3.300 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately 97,980,589 barrels, while […]
Production at Khor Mor field unaffected by Rocket Attacks
By John Lee. The Khor Mor field in Kurdistan has again been subjected to rocket attacks. In a statement to the Abu Dhabi Securities Exchange, operator Dana Gas said: "Dana Gas (PJSC) informs the market that two small rockets landed within the Khor Mor Block in the Kurdistan Region of Iraq on the evening of […]
Baker Hughes wins Four-Year Contract in Missan
By John Lee. Baker Hughes has said its oilfield services (OFS) division has secured a four-year contract to provide artificial lift solutions for the Missan [Maysan] oilield in Iraq. In a statement announcing its results for the second quarter of 2022, the US-based company said the contract includes the supply of electrical submersible pumps (ESP), […]
IDC completes two Drilling Projects in Iraq
By John Lee. The Iraqi Drilling Company (IDC) has recently completed the drilling of oil well 48 at the Nasiriyah oil field. The company's general manager, Engineer Basem Abdel Karim Nasser, said this was part of the contract with Dhi Qar Oil Company (DQOC) to drill 20 oil wells at the field in cooperation with […]
Deep Data: GCC Electricity and Iraq's Reliance on Iran
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Data: GCC Electricity and Iraq's Reliance on Iran In connection with the recent Arab summit in Jeddah, Iraq and Saudi Arabia are forging ahead with efforts to connect their electricity grids. The […]