Basra Energy Company established to run Rumaila Oilfield
By John Lee. The Iraqi Ministry of Oil has officially established the new Basra Energy Company (BECL), which will be the main contractor at the giant Rumaila oilfield, under a Technical Service Contract (TSC). Representing BECL at the ceremony, Zaid Elyaseri (BP) said the field will be developed to reach a peak production of 1.7 […]
Video: IBBC hosts Successful Tech Forum in Dubai
The Iraq Britain Business Council (IBBC) has hosted a very successful Tech Forum as part of its Autumn Conference in Dubai on Monday. Sponsored by SAP, the session focused on the applications and benefits of data to the Iraqi economy. Speakers included: Padraig O'Hannelly, Iraq Business News (IBN); Sean O'Brien, SAP; Christopher Ferguson, Scott Logic; […]
Investment Opportunity: Rest Station in Anbar
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunity: Constructing Tulaiha Future Rest Station in Anbar Province (Source: National Investment Commission)
Fertilizer Price affecting Kurdistan Wheat Production
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Fertilizer price hikes affecting Kurdistan Region wheat production: farmers An increase in fertilizer prices has affected wheat production in the Kurdistan Region, farmers told Rudaw on Wednesday. This comes a month after the government […]
IDC to Drill 37 Wells at Zubair Oil Field
By John Lee. The Iraqi Drilling Company (IDC) has signed a contract with Schlumberger to provide drilling services for 37 oil wells in the Al-Zubair field in Basra for the Italian company ENI, which will operate the field. The Director General of the Iraqi Drilling Company, Basem Abdul Karim, said that the contract includes the […]
US gives $19m to Vulnerable Families in Iraq
The United Nations World Food Programme (WFP) welcomes a timely and generous contribution of US$19.24 million from the U.S. Agency for International Development's Bureau for Humanitarian Assistance (USAID-BHA). The funding will help provide life-saving assistance to 181,000 displaced Iraqis and 72,000 Syrian refugees in the form of cash transfers that support their immediate food needs. The U.S. […]
Petronas opens New Well at Garraf Field
By John Lee. Petronas Carigali Iraq Holding B.V. has opened its K-123 well in the Garraf Contract Area in Dhi Qar. Present at the event were, Petronas Vice President International Assets of Upstream Mr. M Jukris A Wahab; Director, Managing Executive Officer and President of Middle East, Asia & Europe Project Division of Japex, Mr. […]
Young Iraqis Receive Grants to Kickstart their Businesses
Twenty innovative business ideas driven by young people from Kirkuk and Mosul have received a grant of US$ 5,000 each. This will help kick-start their business ideas and boost the local start-up system. The startups include unique solutions to smart home systems, women's health and wellbeing, taxi services for women and environmentally friendly architecture. It is a part of the 'Youth Innovation and Creativity Award' project implemented by the Kurdistan Organization for Human Rights Watch (KOHRW) and the United […]
Contract to rehabilitate Health Centers in Ramadi
By John Lee. Al-Mruoj Al-Badhaa Company has won a contract with the United Nations Office for Project Services (UNOPS) for the rehabilitation of five primary health centers in Al Ramadi, Anbar Governorate. The contract is valued at $813,800. (Source: UNGM)
Zwipe, Areeba pilot Biometric Payment Cards in Iraq
By John Lee. Norwegian biometric authentication firm Zwipe is partnering with Areeba to pilot biometric payment cards based on Zwipe Pay ONE in Lebanon and Iraq. According to a press release from Zwipe, these pilots reflect a strong and growing demand from issuers and processors across the region for next-generation contactless payment cards. In these […]
Iraqis Look to Second Citizenship to Expand Global Mobility
By Kumar Pratik, for CS Global Partners. Last year, the world came to a standstill following the outbreak of the COVID-19 virus, disrupting life as we knew it. One of the greatest challenges to the impending global health crisis was the introduction of stringent travel restrictions which saw many, near and far, trapped in a […]
Green Initiative to start in Mosul
Mosul Eye Association will commence its seminal Green Mosul Initiative November 24 in a special opening ceremony at the Northern Technical University. Together with students, civil activists, university heads, government officials and guests from the international community, the association will begin planting more than 5,000 trees across 12 locations of public use in Mosul City […]