The state-owned al-Izz Company has signed contracts worth $3.3 million U.S. dollars with several institutions in the industry, electricity and civil society sectors, an official statement said on Sunday. “The company has signed a number of contracts with the state-run Diala Company for Electrical Industries to upgrade its computer systems, to rehabilitate its transformer factory […]
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Tags: Industry & Trade, Iraq
Al- Sari Discusses in Basra Unfinished Projects' of 2008
Minister of State for Marshes has discussed with the second deputy of Basra province the unfinished projects in Basra in 2008, a source in Basra media office said. A source in Eye Media said" Minister of State for Marshes, Hassan al- Sari, has discussed the fate of Marshes' lingering projects in 2008 in a meeting […]
D7bn to Renovate Joman Streets- Official
A project to renovate the streets of Joman district will require 7 billion Iraqi dinars (nearly $6 million U.S. dollars), the director of the local municipality said on Saturday. “Two local companies have begun work on two projects to renovate the streets and neighborhoods of Joman district at a total cost of ID803 billion,” Farman […]
Iraq’s Oil Revenues Up by $300m in Dec. 2009
Iraq’s oil revenues went up by $300 million during the last month of 2009 to hit $4.499 billion through the sale of 61.3 million barrels at a rate of $73.39 per barrel, the Iraqi oil ministry announced on Saturday. “Crude oil exports rose in December 2009 compared to November 2009 during which 57 million barrels […]
Red Star over Iraq
It may be the start of the biggest oil job in the world. Each day, 20 workers from BP and China National Petroleum Corp. (CNPC) buckle down to the task of prepping the Rumaila oil field in southern Iraq for rapid development. In industry lingo, Rumaila is a "supergiant"—a 50-mile-long deposit of sweet crude with […]
Baghdad Plans 75,000 Apartments to Modernize Slum
The city of Baghdad asked foreign companies on Thursday to sign up for a project to design and build 75,000 apartments, the first phase of a $10 billion plan to rebuild the Iraqi capital's sprawling Sadr City slum. The entire 56 sq km (22 sq mile) project, to be built over 10 years, includes 150,000 […]
Baghdad Mayor Urges Iraqi Businessmen to Contribute to Reconstruction
The mayor of Baghdad has called on Iraqi businessmen to participate in the reconstruction process of the capital Baghdad. “This came during the mayor’s meeting with a number of businessmen from the Iraqi National Business Council…,” according to a statement released by the mayoralty and received by Aswat al-Iraq news agency. The mayor has called […]
Industry Ministry Achieves Sales of $29.8m
The Iraqi Industry Ministry achieved sales of around $29.8 million from contracts with the Trade Ministry and other governmental and non-governmental institutions. This came in a release on Tuesday issued by the Industry Ministry and received by Aswat al-Iraq news agency. But the statement did not specify the time limit spent to accomplish the amount, […]
Chemical Industries Company Achieves Record Production in 2009
The Iraqi Ministry of Industry and Minerals said on Monday that the state-run al-Sawari Company for Chemical Industries has reached its highest production levels in 2009. The company has signed a contract with the Ministry of Water Resources to build three boats, according to a ministry statement received by Aswat al-Iraq news agency. It has […]
Iraq Imports One- Fifth of Jordan's Exports
Iraq accounted for one fifth of Jordan's total exports during the first 11 months of 2009 making it Jordan's biggest trade partner from amongst 100 countries trading with the kingdom. Iraq topped the list of countries importing from Jordan although Jordanian exports to the Iraqi market dropped by 6.7 per cent during January-November of 2009. […]
JTW: Iraq-Turkey Train Service to Be Launched in Feb.
The train service between Turkey and Iraq will start next month, the Journal of Turkish Weekly said in a report. “Turkish Railways (TCDD) and Iraqi Railways (IRR) officials who got together in Ankara on January 14 and 15 agreed to launch train service between Gaziantep and Mosul,” according to the web site. “The first run […]
Final Contract for Qurna Oilfield with Exxon, Shell to Be Signed
The Iraqi Ministry of Oil on Monday will sign the final contract with a consortium led by Exxon Mobil Corp and Royal Dutch Shell, under which the firms will be allowed to develop the West Qurna-1 field in southern Iraq. “The contract aims to increase the field’s production to 2.325 million barrels per day (bpd),” […]