Path to Government Formation in Iraq
By Hamzeh Hadad, for the Konrad-Adenauer-Stiftung. Path to Government Formation in Iraq How Violence and Elite Sectarianism lead to Consensus Governments About three months after the Iraqi parliamentary election of October 10, 2021, no new government has been formed yet. Previous elections show that it takes time until the three presidencies - the speaker of […]
Chinese Consortium wins $594m Iraq Oil Processing Contract
By John Lee. Kuwait Energy Basra Limited (KE Basra), an indirect wholly-owned subsidiary of Hong Kong-based United Energy Group (UEG), has entered into the EPCC (engineering, procurement, construction and commissioning) contract with a Chinese consortium to provide a central processing facility including oil treatment system and auxiliary systems at Block 9 in Basra. The contractor […]
Aggreko completes Flare-Gas-to-Power plant in KRI
UK-based Aggreko has announced that it has completed commissioning of the largest flare-gas-to-power project in the Middle East to date at 165 MW capacity. The plant is situated nearby the Saqala [Sarqala] Field, Garmain block, South East Kurdistan. The 165 MW modular power plant has run at full capacity for 72 hours in the project's […]
Saudi Arabia and Iraq to link Electricity Grids
By John Lee. Iraq and Saudi Arabia have signed a memorandum of understanding (MoU) to link their power grids. It was signed by Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, and Iraq's Minister of Electricity, Adel Karim. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi [Hamed Al Gazi], called on […]
Iraq allocates $10m to build 50km Security Barrier
By John Lee. The Iraqi Cabinet has directed the Ministry of Finance to provide 15 billion dinars (approximately $10 million) to the Ministry of the Interior, the Agency for Federal Security Affairs, and the Border Guard Forces Command, to enhance security and start the second phase of construction of a concrete barrier between Wadi Al-Ajeeh […]
Video: Iraqi Drones to Monitor Air Pollution
An Iraqi team called "Spirit and Opportunity" is reportedly in the final of Huawei's Tech4Good Global competition. The entry uses unmanned aerial vehicles (UAVs, or drones) to monitor air pollution. A video of the presentation can be viewed below: (Sources: ITP, YouTube)
Work Starts at $594m Oil Processing Plant at Block 9
By John Lee. The President of the Iraqi National Oil Company (INOC) has laid the foundation stone for the $594-million crude oil processing plant at Block 9, within the Al-Fayha Oil Field in Basra Province. Ihsan Abdul-Jabbar Ismail said that the development is important for the production of light oil, with a target for this […]
KDC Buys KREDCO Real Estate
By John Lee. The Kurdistan Development Corporation (KDC) has bought the majority shareholding of Erbil-based KREDCO Real Estate Limited Company. KREDCO has previously been described as a joint venture between the KDC and the Kuwait-based National Real Estate Company (NREC). According to a disclosure to the Kuwaiti stock exchange, NREC said it sold its 51-percent […]
WFP, Kurdistan Stats Office partner on Research
The United Nations World Food Programme (WFP) and Kurdistan Regional Statistics Office (KRSO) signed a new agreement on research into food security, to support informed decision-making on efforts to support vulnerable families in the Kurdistan Region. An important element of the partnership is training, and helping strengthen the skills and expertise of KRSO staff in […]
GKP declares Divi and gives Update
Gulf Keystone has provided an operational and corporate update: Jon Harris (pictured), Gulf Keystone's Chief Executive Officer, said: "We are pleased today to declare an additional interim dividend of $50 million, bringing distributions over the past eight months to $150 million in line with our commitment to balance investment in growth with returns to shareholders. […]
Construction Starts at $94m Shatra Hospital
By John Lee. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi [Hamed Al Gazi] has laid the foundation stone for a 200-bed general hospital in Shatra City, in Dhi Qar province. The hospital will serve the inhabitants of Shatra and the surrounding areas. UK-based Protechnique will complete the project within 36 months, […]
Webinar: The State of Investments in Iraq
Five One Invest has announced its upcoming webinar - The State of Investments in Iraq. The session will host Laura Khudairi from Iraq Tech Ventures and Geoffrey Batt from Euphrates Ventures. It will tackle the startup landscape, investment opportunities, and investor activity in Iraq. Wednesday, January 26th, 2022 at 4 pm (Iraqi time) Click here to register