By John Lee. Iraq's Middle Oil Company [Midland Oil Company] has signed a preliminary agreement with a joint venture consisting of the Chinese company Jereh and Petro Iraq to develop the Mansuriyah gas field. Deputy Minister for Extraction Affairs, Bassem Mohammed Khudair, stated that this contract is part of the Ministry of Oil's efforts to […]
By John Lee. The Director-General of Iraq's General Company for Railways has given more details about the role of the consultancy firm Oliver Wyman in the Development Road project. Younis Al-Kaabi told the state-run Iraqi News Agency (INA) that the consultation period is limited to 9 months, with the company to provide: A summary of […]
By John Lee. Iraq's Ministry of Oil has signed a Heads of Agreement (HoA) with the Chinese company Geo-Jade and the Iraqi company Crescent Basra (Hilal al-Basra) to invest in the integrated development project at the Tuba field, in the Zubair district of Basra. According to a statement from the Ministry, the project would have […]
By John Lee. The Iraqi Cabinet has approved the conversion of the Al-Kadhimiya military base, commonly known as the Fifth Division, into a new urban civic center. According to a statement from the Prime Minister's Office, the new development will include recreational, educational, cultural, and hospitality facilities, including hotels, hospitals, health centers, sports stadiums, civil […]
By John Lee. The Ministry's Deputy Minister for Gas Affairs has inspected the gas project in Block 9 (Al-Fayhaa, Faihaa) in Basra province. Mr. Ezzat Saber said he hoped to utilize 130 million cubic feet per day of gas from the field by year-end, along with equipping power stations to process 100 million cubic feet […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani announced the start of work on the sewerage project in Al-Wahda district, located south of the capital Baghdad. This project is one of four strategic initiatives initiated by Al-Sudani to address sewerage issues in several areas of Baghdad province, exceeding a cost of one trillion dinars ($764 […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani received a delegation from the American engineering firm KBR on Thursday. The meeting included an overview of the company's operations in Iraq, particularly in collaboration with Iraqi oil companies in oil production and in maximising the capture of associated gas. Discussions also revolved around potential participation […]
By John Lee. Tunisian Foreign Minister Nabil Ammar and his Iraqi counterpart, Deputy Prime Minister and Foreign Minister Fuad Hussein, led the 17th session of the Tunisian-Iraqi Joint Committee in Baghdad. Both ministers highlighted the potential for economic growth, particularly in sectors like pharmaceuticals, agriculture, tourism, and transportation. They underscored the private sector's role in […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the signing ceremony for the Faw Refinery Investment Project, a significant initiative within the framework of Iraq's plan to expand refining capacities and attract foreign investment. The project, a collaboration between the Ministry of Oil's South Refineries Company (SRC) and the China National Chemical Engineering […]
By John Lee. Iraq's General Authority for Customs has announced a significane revenue increase for the first quarter of the current year, with expectations of doubling revenues upon completion of the automation project. The Authority's President, Hassan Al-Ugaili, told tate-run Iraqi News Agency (INA) that customs revenue increased by 28 percent from 2022 to 2023. […]
By John Lee. Iraq's Ministry of Oil has concluded its fifth-plus and sixth oil and gas licensing rounds, with Chinese companies winning most of the fields awarded: Fifth-plus licensing round: Abu Khema: Zhenhua Oil Ad Daimah: KAR Group Alan: KAR Group Block 7: China National Offshore Oil Corporation (CNOOC) Dhufriyah: Anton Oil Fao: United Energy […]
By John Lee. Prime Minister Mohammed Shia al-Sudani announced the launch of new service projects in Babil province worth 1.276 trillion dinars [$975 million] during his visit on Thursday. The projects include: Comprehensive sewer, sanitation, and stormwater projects in the districts of Qassim, Hashimiyah, and Medhatiah, with a total budget of 364.5 billion dinars. A […]
