Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), has been awarded a front-end engineering design (FEED) contract for the Ar Ratawi Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra. The deal was awarded by the Basra Gas Company (BGC), a joint venture between the Iraq's South Gas Company (51%), […]
Abu Dhabi's Bristol Vehicle Manufacturing Division (Bristol VMD) has announced it has rolled out seven new fire-fighting and emergency response vehicles as part of a multimillion-dollar contract with Russia's Gazprom Neft. ConstructionWeekOnline reports that the new fleet of vehicles -- five oilfield fire-fighting vehicles, one rescuer and pollution-control vehicle, and a water and foam support trailer […]
By John Lee. Foreign Minister Hoshyar Zebari has opened the new Iraqi embassy in Abu Dhabi , capital of the brother United Arab Emirates with the participation of His Highness Sheikh Abdullah Bin Zaied Al Nuhaiyan, UAE Minister of Foreign Affairs, senior officials, members of the Arab and foreign diplomatic corps and a group of […]
Abu Dhabi-based Rotana, a leading hotel management company, announced the general manager and other senior appointments for its new property in Iraq, the five-star Karbala Rayhaan by Rotana. General manager Nader Mobader, a seasoned hospitality player with 18 years of industry experience in Asia, Africa and the Middle East, has been leading the team through […]
By John Lee. ShaMaran Petroleum has announced that the Atrush partners have received approval from the Kurdistan Regional Government (KRG) for the first phase in the development of the Atrush Block. The TAQA-operated Block, located 85 km northwest of Erbil, is expected to initially produce approximately 30,000 barrels of gross oil per day (bpd) with […]
Under the patronage and presence of Nouri Al Maliki, Prime Minister of Iraq, Bloom Properties, the property development and real estate arm of National Holding, has signed a contract with the Iraqi National Investment Commission for the development of 50% of the "City of the Future - Madinat Al Mustaqbal" in Baghdad. The approximately 2.5 […]
By John Lee. The Abu Dhabi National Energy Company (TAQA) has appointed Leo Koot as Managing Director of TAQA in Iraq. Mr Koot will be responsible for all of TAQA’s operations in Iraq. He joined TAQA in 2008 and is a Dutch national. David Cook (pictured), TAQA Executive Officer and Head of Oil and Gas, […]
By John Lee. Dana Gas has reportedly denied speculation that is about to spin off its assets in Iraqi Kurdistan. Shares in the Abu Dhabi-based energy firm had risen on the rumours, but a spokesman said: "There is absolutely no basis to rumors of spinning off or selling Kurdistan or any other assets, and the […]
By John Lee. Abu Dhabi's Cristal Group, which plans to open its first Baghdad hotel, the Cristal Grand Ishtar, at the start of May, says it wants to expand beyond Baghdad to Erbil, Karbala, Basra and Suleimanya in the next two years. Referring to Baghdad and most of the country outside the Kurdistan region, Peter […]
By John Lee. UAE-based Bloom Properties has announced that it has signed a deal to build a massive new housing project on a 20 square kilometer site on the banks of Lake Razaza in Karbala. Construction Week Online reports that the company will develop up to 40,000 housing units in four different districts over a […]
By John Lee. Abu Dhabi's Invest AD plans to buy into the Asiacell IPO (initial public offering), making it the top holding in its Iraq fund. Sherif Salem (pictured), the manager of the Invest AD Iraq Opportunity Fund, and one of our Expert Bloggers on Iraq Business News, said: "Asiacell is going to be one […]
By John Lee. Abu Dhabi Islamic Bank (ADIB) said on Tuesday that it has launched operations in Iraq, reportedly the first UAE-based financial institution to get approval from the Iraqi Central Bank to operate there. The lender said it would initially serve corporate and private banking customers, but will eventually offer corporate finance, investment banking […]
