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. […]
Tag Archives | Dhi Qar
Lukoil signs Contract for Exploration at Block 10
Russia's Lukoil has signed contracts with the state-owned Iraqi Oil Exploration Company to carry out seismic surveys at the Eridu field in Block 10, and also at Block 10's southern and central parts, previously not part of the survey. The scope of appraisal works at Eridu field includes a 3D seismic survey of 983 square kilometers to […]
UKEF helps GE and Enka secure Power Contract
UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: "The Department for International Trade through UK Export Finance […]
Investment Opportunity - Martyrs Firm
The Martyrs Firm [Martyrs Foundation?] has announced the opportunity of investing the land lot no. (110/43830) Jazeera with an area of 11 donum out of total 24,200 donum area located in Thi Qar province on the main road leading to al- Sader Hospital next to al- Sader housing compound near Thi Qar Martyrs Directorate Interested […]
Efforts to Privatize Electricity face Resistance
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. In a meeting held Feb. 21, Najaf’s provincial council followed in the footsteps of Dhi Qar, Muthanna, Wasit and Diwaniyah and voted against the privatization of the electricity sector in […]
GE wins $1.4bn Iraq Power Generation Orders
GE has announced that it has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The company signed agreements that will add over two gigawatts (GW) of power and secure the delivery of ~1.75 GW of existing power […]
Oil Minister calls for Investment in Nasiriya Refinery
By John Lee. Oil Minister Jabar Ali al-Luaibi (Allibi) has called for local and international companies to invest in the Nasiriya Refinery project in Thi-Qar province. He also called the concerned authorities to solve all the administrative hindrances which might delay the project in order to award it to the companies which are going to […]
Remembering the Jews of Dhi Qar in City’s Architecture
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Jews of Dhi Qar were once an important part of the province’s social fabric. Despite controversial claims on land they left behind, older locals still remember their neighbours […]
UK Company Sponsors Ur Archaeological Project
By John Lee. Kirintec, a UK-based supplier of tactical equipment for anti-terror solutions in the security and defence industry, has announced that it is sponsoring the Ur Region Archaeological Project in Iraq, led by Dr Jane Moon. Founder and Managing Director Roy Peers-Smith commented: "We feel privileged to share the story so far and wait […]
Can Iraq curb Tribal Disputes?
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Tribal struggles are weakening Iraq's efforts to battle the Islamic State, which has occupied large parts of the country since June 2014. It seems Iraqis, who often complained that former President Saddam Hussein’s regime involved them in […]
Iraq sets up Dhi Qar Oil Company
By John Lee. Iraq has this week established the Dhi Qar Oil Company (DQOC), which will take over responsibility for the Nassiriya and Garraf oil fields. The South Oil Company (SOC) has been renamed the Basra Oil Company (BOC), following the transfer of the Dhi Qar assets to the new company. (Source: Reuters)
Dhi Qar Signs MoU with Korean Firms for Infrastructure
The local government in Dhi Qar province has signed a memorandum of understanding with a number of Korean companies in various fields, notably investment, infrastructure, and construction of residential complexes. The head of Dhi Qar province Council, Hamid Naeem Gizi said in a statement: "After series of meetings with a group of Korean companies , […]