By John Lee. Iraqi officials held separate meetings with the Turkish ambassador to Iraq and a delegation of Turkish businessmen this week, focusing on expanding investment and trade cooperation between the two countries. According to the Prime Minister's Media Office, Prime Minister Ali al-Zaidi received Turkish ambassador to Iraq Anil Bora Inan, along with representatives […]
By John Lee. A Chinese cargo vessel has docked at Umm Qasr North Port on the first direct sailing from China via the Strait of Hormuz since the resumption of maritime navigation through the strait. According to the Ministry of Transport, the MV KSL Xinyang arrived on Monday carrying a mixed cargo of oil sector […]
By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed the signing of a contract with Dutch firm Fugro to carry out third-party surveying of the al-Faw navigation channel, in preparation for issuing internationally recognised Admiralty charts. Director General Farhan al-Fartousi told the state-owned Iraqi News Agency (INA) that the survey work will […]
By John Lee. The Ministry of Electricity has announced the signing of a contract for the implementation of the Al-Faw Gas Power Plant project in Basra - the largest investment-based gas-fired station in southern Iraq. The 3,000-megawatt combined-cycle plant will be built by GE and will include four gas turbines and two steam units. It […]
By John Lee. The Ministry of Communications of Iraq, under the supervision of Minister Dr. Hayam Al-Yasiri, has signed a partnership agreement with DIL Technology to establish Iraq as a unified transit corridor for international communications, running from from Al-Faw to Ibrahim Al-Khalil. The deal, the first of its kind, was signed between the General […]
By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced an agreement with Qatar's Ooredoo Group to lay undersea cables with a capacity of 500 terabits at the Al-Faw station. According to the Ministry, the cables, comprising 24 pairs, will significantly boost Iraq's international communication capacity by connecting to over 200 global undersea cables, […]
By John Lee. Iraqi Prime Minister, Mr. Mohammed Shiaa Al-Sudani, chaired a meeting on Monday to continue discussions on the establishment of a fixed platform for processing imported gas in Al-Faw Port. According to a statement from the Media Office of the Prime Minister, the project is a crucial strategic initiative for Iraq, aiming to […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting on Sunday evening to discuss diversifying gas sources for power stations in Iraq. During the meeting, the delegation's report on their recent visit to Qatar was discussed, led by the Deputy Minister of Electricity. The meeting concluded with an agreement to establish a fixed […]
By John Lee. The preliminary principles agreement for the Al-Faw investment refinery project has been signed in Baghdad. The refinery will have a capacity of 300,000 barrels per day, while the petrochemical complex will be able to produce 3 million tons [per annum?]. The Minister of Oil, Ihsan Abdul-Jabbar Ismail, said that this project will […]
By John Lee. Petrofac has announced that its Engineering & Production Services division ('EPS') has secured a one-year contract extension worth around US$80 million with a key client in Iraq. While not mentioning the specific project, the company said: "The award is recognition of Petrofac's successful eight-year track record of safe delivery as the incumbent […]
By John Lee. The Iraqi cabinet has authorised the Director General of the General Company of Iraqi Ports to sign a contract with the South Korean company Daewoo to construct the first phase of the Al-Faw Great Port project in Basra. The project will be supervised by the Italian consulting company Technital. Reuters reports that […]
By Azhar Al-Ruabie for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's al-Faw port project's endless delays Although 10 years have passed since the Iraqi government started laying the groundwork for the al-Faw grand port in southern Iraq, the project is still far […]
