Minister of Transport Amr Abdul Jabbar has announced that his ministry has decided to fix employees with diploma degrees and others with higher education onto the permanent staff in the Iraqi Harbours Company. Eye Media Agency quoted Abdul Jabbar during the monthly tour of Um Qassr harbours, 85 km south Basra province, as saying" this […]
Tag Archives | Iraqi
The latest Iraq economy news – industry, investment, trade, exports and more – brought to you by Iraq Business News
Iraq: Total and Partners PetroChina and Petronas to Develop the Halfaya Oil Field
Total announces that, within the framework of Iraq’s second petroleum bidding round organized by the Iraqi Ministry of Oil on December 12th, 2009, the consortium led by PetroChina Company Ltd signed on January 27, 2010 a 20-year Development and Production Service Contract with Missan Oil Company for the development of the Halfaya oil field. Total […]
Rehabilitation of Umm al-Qasr Port Complete
The rehabilitation of Umm al-Qasr port in the city of Basra has been completed, the relations and media director at the Iraqi Ports Company said on Wednesday. “The rehabilitation operations include improving the port’s docks and the maintenance of concrete side of the southern docks,” Anmar al-Safi told Aswat al-Iraq news agency. The Shiite province […]
Iraqi Oil: Why Are the Majors Willing to Take the Plunge?
If the invasion of Iraq was all about exploiting the country's oil, you'd never know it from the structure of the contracts being signed by the likes of ExxonMobil (NYSE: XOM), Total (NYSE: TOT), and BP (NYSE: BP). In an analysis of the West Qurna 1 license awarded to ExxonMobil and Royal Dutch Shell (NYSE: […]
Trade Ministry to Receive Rice from Farmers No Later Than Jan. 31
The Iraqi Trade Ministry has specified Jan. 31, 2010 as a deadline to receive rice from farmers. “The Ministry has so far received 102,740 thousand tons of rice from farmers,” the Ministry said in a release on Tuesday received by Aswat al-Iraq news agency. It said that the Ministry’s technical staff will contract with private […]
West Qurna Deal in the Bag
US super major ExxonMobil and its Anglo-Dutch peer Shell, today signed a final contract for the development of Iraq's 8.7-billion-barrel West Qurna Phase One oilfield The partners, who will work with an Iraqi state-run oil company, won the right to develop the super giant field in negotiations with the Oil Ministry last year following Iraq's […]
Iraqi Chamber of Commerce Elects New Head
The Iraqi Chamber of Commerce on Monday elected Falah Merza Kamona as its new head. “I was chosen through a round of secret voting,” Kamona told Aswat al-Iraq news agency. He said that he got 10 votes out of 18 that attended the voting session.
Tags: Industry & Trade, Iraqi
Soran Spends ID82b, Still Needs ID70b More to Solve Problems – Mayor
The year 2009 was one of development and infrastructure projects worth 82 billion Iraqi dinars ($69.5 million) in Soran from Arbil’s Provincial Development Budget (PDB) but the district would need 70 billion dinars more to solve all problems, according to Mayor Kermanj Ezzat on Sunday. “The sum was spent over projects that focused on the […]
Lawmaker Invites Trade Minister to Appear Before Parliament
Legislator Hassan al-Saneed called on acting Iraqi Trade Minister Safaa al-Din al-Safi to appear before Parliament on Monday for consultations on the funds appropriated in the state budget to import ration card items. “Several areas in Iraq are complaining that they do not get these ration items and that’s why we invite the minister to […]
Singaporean Company Considers Investment in Basra
A delegation comprised of representatives of a Singaporean company has discussed with Basra’s governor the establishment of a luxury hotel in the city. “The governor of Basra, Shaltagh Abboud al-Mayyah, has welcomed the project and offered to provide all facilities…,” a local media source told Aswat al-Iraq news agency. The five-star hotel will be built […]
17 Ships Arrive at Iraqi Ports
Seventeen cargo ships from different countries have arrived at Iraqi ports, the public relations and media director at the State Company for Iraqi Ports said on Sunday. The Shiite province of Basra, 590 km south of the Iraqi capital Baghdad, has five commercial ports and two oil ports: al-Maaqal, established in 1916 by British forces […]
2 U.S.-funded Meat and Fish Markets Opened in Kut
Wassit Governor Lateef Hamad al-Turfa opened on Saturday two U.S.-funded meat and fish markets in the city of al-Kut. “The two projects cost around six billion Iraqi dinars,” Majid al-Itabi, the Wassit province’s information director, told Aswat al-Iraq news agency He said that the two buildings will occupy a total area of 3,250 square metres. […]