MHPS to Upgrade Hartha Power Station
By John Lee. Iraq's Ministry of Electricity has reportedly awarded a contract to Japan's Mitsubishi Hitachi Power Systems (MHPS) to refurbish the Unit 1 of the Hartha thermal power station (pictured) in Basra province. According to Energy Business Review, the power station is claimed to account for approximately 25 percent of Basra's total power generation […]
Latest Strikes Against ISIS in Syria, Iraq
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria between Jan. 19-25, conducting 60 strikes consisting of 93 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported today. CJTF-OIR officials reported that a significant precision strike involving exhaustive intelligence and observation to confirm ISIS concentrations and ensure no […]
Six Rail Projects offered for Investment
By John Lee. Iraq's National Investment Commission (NIC) has included six 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: New railway line (Baghdad-Kut-Umara-Basra) and branch line (Kut-Nasriya-Shuaiba-UmQasr) Length: 910km Number of lines: dual […]
Dyncorp Wins Contract for Aviation Maintenance
By John Lee. Dyncorp International has been awarded a $13,253,810 contract for aviation field maintenance services in support of the U.S. Army Aviation and Missile Command. Work will be performed in Germany, Iraq and Afghanistan, with an estimated completion date of Dec. 31, 2018. (Source: US Dept of Defense)
Genel Energy Updates on Operations in Kurdistan
Genel Energy has issued a trading and operations update in advance of the Company's full-year 2017 results, which are scheduled for release on 22 March 2018. The information contained herein has not been audited and may be subject to further review. Murat Özgül, Chief Executive of Genel, said: "A strong final quarter of 2017 completed […]
Iraq-Saudi Links Enhanced
By John Lee. Saudi Arabia's King Salman Bin Abdul Aziz received in Al Yamama Palace in Al Riyadh the Iraqi Planning/Trade Minister (acting) Dr. Salman Al Jumaily, Head of the Iraqi side in the Iraqi-Saudi Coordination Council, Dr. Sami R. Al Araji, Chairman of the National Investment Commission (NIC), Mr. Kadhim Mohamed Al Iqabi, Chairman […]
Iraq Britain Business Council (IBBC) visits Baghdad
On 21st and 22nd January the Iraq Britain Business Council (IBBC) Deputy Chairman Mr Rasmi Al Jabri and Managing Director Mr Christophe Michels visited Baghdad. They met with Dr Abdulkariem Faisal, Chairman of the Prime Minister’s Advisory Commission to discuss the upcoming Spring Conference in London on 24 April and plans for a conference in […]
Five Oil Storage Facilities available for Investment
By John Lee. Iraq's National Investment Commission (NIC) has included five oil storage facilities 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: Bin Omar field for crude oil in Basra Province, with a design capacity […]
Genel Energy gets more time for Gas Project
Genel Energy has announce that it has agreed with the Kurdistan Regional Government (KRG) a 12 month extension to the schedule for satisfying the conditions precedent ('CPs') contained within the Gas Lifting Agreements ('GLA's) for the Bina Bawi and Miran fields signed in February 2017. The revised date by which the CPs are to be […]
New EU Strategy on Iraq
By John Lee. The European Union has adopted a new strategy on Iraq, following the joint communication by the High Representative and the Commission on elements for an EU strategy on Iraq adopted on 8 January 2018. Among other items, the EU called on the Government of Iraq and the Kurdistan Regional Government to engage […]
Iraq to Supply Egypt with another 12m Barrels
By John Lee. The Ministry of Oil announced the renewal of the agreement to supply Egypt with 12 million barrels of crude oil for one year. Ministry spokesman Assim Jihad said that the agreement will be renewed with the same conditions, starting from January 2018. (Source: Ministry of Oil)
Children in Iraq Impacted by Conflict and Poverty
At least one in four children in Iraq impacted by conflict and poverty At the upcoming Kuwait conference, UNICEF calls for immediate and massive additional investment in education; a key for lasting peace and progress in Iraq Statement by UNICEF Regional Director, Geert Cappelaere, following his visit to Iraq: “Iraq today hosts one of UNICEF’s […]