Dredging Commences at Khor Abdullah
By John Lee. The General Company for Ports of Iraq (GCPI) has sent two marine dredgers to deepen the Khor Abdullah Navigational Canal. The company's general manager, Dr. Eng. Farhan Al-Fartousi, said the "Kufa" and "Al-Maqal" rigs will operate near the marine buoys no. 17 and 19, to improve the entry of large ships and […]
Iraqi Sadrist Protesters Storm Parliament
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi Sadrist protesters storm parliament Sadrist protesters stormed parliament on Wednesday, rejecting the formation of the government under the premiership of Muhammad Shia Sudani, who was nominated recently by a rival […]
Vinson and Elkins to advise Iraq on Arbitration with Turkey
By John Lee. Iraq's Ministry of Oil has engaged the Texas-based law firm Vinson and Elkins as a legal advisor in the US. Partner James Lloyd Loftis will meet with representatives of the Department of State, at their request, regarding a pending arbitration proceeding between Iraq and the Republic of Turkey. The Ministry will pay […]
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 […]