From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hundreds of Syrians and Iraqis cross the border from Greece into Macedonia.
Video: Iraq Migrants leave Greece for Macedonia
Tag Archives | Greece
Low Oil Price Threat to Iraq's Eurobond Bid
By Simon Kent. A recent report by Standard & Poor gave Iraq a B- foreign currency rating, indicating significant risk for investors, but nonetheless noted that in the short term, the economy would remain stable with 0.3% growth and longer term, up to 5% from rising oil output up to 2018. That is the good news […]
Tags: bond market, eurobond, fitch ratings, Global Evolution, Greece, Investors, Iraq, Standard and Poor
'Settlement Agreed' in Oil Shipping Case
By John Lee. A Greek shipping company has reportedly agreed to settle with Baghdad over its role in the export of crude oil from Iraqi Kurdistan, which Baghdad regards as illegal. Last September, the federal government in Baghdad filed a $300-million lawsuit against Marine Management Services (MMS), and subsequently banned three of its oil tankers from […]
Investors may be sought for Grand Faw Port
By John Lee. Iraqi Transport Minister Baqr Jabr Al-Zubeidi (pictured) has said that Iraq is considering seeking foreign investors to fund the multi-billion-dollar Grand Faw [Grand Fao] port project. Emirates 24/7 quotes the Minister as saying that the transport ministry is unable to execute the $6-billion (7-trillion-Iraqi-dinar) project, and is considering awarding the project "on […]
Iraq Bans KRG Tankers
By John Lee. Platts reports that Iraq has banned three oil tankers from loading at its oil terminals. in response to direct exports of crude by the Kurdistan Regional Government over the objections of Baghdad, shipping market sources said Friday. The United Carrier (pictured), the United Dynamic and the Nautilus have previously transported crude on […]
Tags: Greece, Iraq Oil Exports News, Kurdistan News, Marine Management Services (MMS), SOMO, State Oil Marketing Organization
Iraq Sues Shipping Firm for "Illegal" Kurdish Exports
By John Lee. Iraq has taken legal action against Greece’s Marine Management Services (MMS) over its role in the export of crude oil from Iraqi Kurdistan, which Baghdad regards as illegal. The tanker concerned, the Marshall Islands-flagged United Kalavrvta (pictured), is still said to be fully laden off the coast of Texas, carrying $100m worth […]
Alstom Wins €225m Equipment Deal in Anbar
Alstom has been awarded a contract worth approximately €225 million to provide power generation equipment for the Al-Anbar gas-fired combined-cycle power plant being built in the Anbar province in Iraq. A consortium of Metka SA and Metka Overseas Ltd is building the power plant for the Ministry of Electricity of Iraq. The 1,642 MW power […]
Iraq Shortlists Candidates for Jordan Pipeline
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
Tags: Aqaba, China National Petroleum Corporation, CNPC, Consolidated Contractors Company, Daewoo, Egypt, Fius Capital, Go Gas, Greece, india, Iraq-Jordan Pipeline, Italy, Japan, Jordan, korea, Larsen & Toubro (L&T), Marubeni, Mass Global, Mitsui, Orascom, Petrofac, Petrojet, pipelines, Punj Lloyd, Saipem, State Company for Oil Projects (SCOP), Stroygazconsulting (SGC), Toyota Tsusho
Greek Company wins $26.8m Hospital Deal
By John Lee. Greek company TERNA has reportedly been awarded a $26.8m turnkey contract to construct a 100-bed hospital in Basra. According to Construction Weekly, the design and build project consists of a general hospital covering a built area of 18,000 m2, including 2,000 m2 for a staff residence and 22 rooms for special care. It […]
METKA Signs $1bn Iraqi Power Deal
By John Lee. Greek construction company METKA, a subsidiary of the Mytilineos Group, has announced the signing of a $1.05-billion contract with Iraq's Ministry of Electricity for the construction of a combined cycle power station in Anbar. The deal involves the engineering, procurement, construction and commissioning of a natural gas-powered plant with a capacity of 1,642 […]
Tags: Anbar, Electricity In Iraq, Greece, Metka, Mytilineos, SEPCOIII Electric Power Construction Corporation
Greek Co Wins $1bn Electricity Deal
Iraq's cabinet has approved a $1.05-billion contract with Greek power plant builder Metka, a subsidiary of the Mytilineos Group, for the construction of a combined cycle gas power plant in Anbar. According to Sky News Arabia, the station will have the capacity of 1,642 megawatts, and it is to be completed within 32 months. Reuters […]
Foreign Minister Meets Serbian and Greek Ambassadors
By John Lee. Iraq's Foreign Minister, Hoshyar Zebari, met the Serbian Ambassador to Iraq, Radisav Petrovic, on Wednesday. During the meeting, Minister Zebari called on the Serbian investment companies to contribute in Iraq's reconstruction. The Undersecretary for Policy Planning and Bilateral Relations, Head of the Europe Department, and the Minister's Office Manager also attended the […]