Sallyport wins $400m Iraq Contract
Sallyport Global Holdings has been awarded a not-to-exceed $400,000,000 cost-plus-fixed-fee undefinitized contract action to provide base operations support, base life support, and security services in support of the Iraq F-16 program. The contract provides for the support of F-16-related contractor personnel at Balad Air Base, Iraq. Work will be performed at Balad Air Base, Iraq, […]
UK brings UNMAS Contribution to $20m
The UK Government has donated an additional 1 million GBP (1.3 million USD) to the United Nations Mine Action Service (UNMAS), increasing the UK total contribution to 14.2 million GBP (20 million USD). The additional funding will boost UNMAS support to stabilization efforts by increasing survey and clearance of critical infrastructure in liberated areas. This […]
Iraq to start 60,000 bpd Oil Swap with Iran
By John Lee. Iraq says it plans to start oil exports to Iran from its northern Kirkuk oilfields next week, under the swap deal announced last month. Iraq will export 60,000 bpd of crude oil by truck from Kirkuk to Iran’s Kermanshah refinery (pictured), and ship back refined Iranian oil for southern Iraq. For the […]
ACTED takes Lead in Child Protection
With UNICEF’s support, ACTED’s community-led approach to child protection in Qushtapa camp, Erbil, in the Kurdistan Region of Iraq, is broadening academic and recreational opportunities for displaced children. Since 2014, ACTED has been providing child protection services to Syrian refugees in Qushtapa camp in Erbil governorate. From within its Child and Youth Community Centres, ACTED […]
BHGE: Growth in Iraq Offsets Decline in other Markets
By John Lee. In its 2017 Results, Baker Hughes, a GE company (BHGE) has said that rig count growth in Iraq and the UAE offset declines in other Middle Eastern markets. During the year, the company secured what it describes as the largest-ever turbomachinery and process solutions agreement with PetroChina for the provision of its […]
Sulzer appoints Authorized Repair Partner in Iraq
Sulzer, the Swiss-based specialist in pumping solutions, has appointed Al Majal Technical Services (AMTS) as their authorized repair partner in Iraq. AMTS was founded in 2015 to provide a full spectrum of Oil and Gas services including rotating equipment. The AMTS workshop, located in North Rumaila, is a 3000 m2 state-of-the-art facility, equipped with a […]
Drought Threatens 1m Acres in Kurdistan
By John Lee. Nearly 1 million acres (400,000 hectares) of land in the Kurdistan Region have reportedly been rendered barren due to drought. Faruq Ali, Director of Crop Production at the Ministry of Agriculture and Water resources, told Rudaw: “Due to the lack of rainfall during this year’s plantation season, I predict that nearly 60 […]
Iraqi Journalists face Attacks by Politicians' Bodyguards
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. During Prime Minister Haider al-Abadi’s visit to the southern city of Najaf on Jan. 7, his bodyguards attacked a group of journalists, causing them physical harm. Abadi's office launched […]
New Petroleum Round faces Many Serious Problems
By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The New Petroleum Bid Round Faces Many Serious Problems Since the last Ministerial reshuffle of August 2016, the Ministry of Oil has been persistently trying to offer most possible oilfields and exploration […]
4 Metropolitan Transport Opportunities in Iraq
By John Lee. Iraq's National Investment Commission (NIC) has included four subway and metropolitan rail projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: 1. Baghdad Metro The project consist of two lines with total […]
Iraq to Comply with Opec Supply Cuts
By John Lee. Financial Times reports that Iraq will comply with OPEC-led efforts to restrict crude oil production, even as Saudi Arabia said it is striving to boost its export capacity. It quotes Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] as saying that Iraq’s export capacity would reach 5m bpd by the end of this […]
Chinese Companies Win Al-Faw Projects
By John Lee. Iraq's Ministry of Oil has awarded the Al Faw [Al Fao] refinery and petrochemicals project to two Chinese companies. In a statement, the ministy named the companies as Power China and "Nerco Chinese Companies". Mr. Assim Jihad, the spokesman of the Ministry, said the refinery will have a capacity is 300,000 barrels/day. […]