By John Lee. Minister of Foreign Affairs, Hoshyar Zebari, has received a copy of the credentials of new the Ambassador of the Republic of Italy, Mr. Massimo Marotti, at a ceremony on Sunday morning. During the meeting, they discussed the developing relations between the two countries and their people in all areas, and the Minister […]
By John Lee. Several Italian companies expressed willingness to invest in Najaf, reports AIN. According to the report, Dand Group and consortium of Italian companies are interested in building a brick factory in the province. The head of Najaf Investment Commission, Wafi al-Bahash, told the news agency: "This industrial offer deserves to be studied .. the […]
By John Lee. Iraqi Prime Minister Nouri Al-Maliki and Eni’s CEO Paolo Scaroni (pictured) met today in Baghdad to discuss Eni’s activities in the Country. During the meeting, which the company described as "cordial", Eni’s CEO updated the Prime Minister on the development activities of Zubair’s super giant field and confirmed Eni’s commitment and presence […]
By John Lee. The Chief Executive Officer of Italy's Saipem has said that the company is negotiating a contract worth around $1 billion in Iraq. According to Reuters, Pietro Franco Tali (pictured) said on a conference call that the negotiations could be finalised by the end of the year. Iraq Business News believes the contract […]
By John Lee. Iraqi government spokesman Ali Al Dabbagh (pictured) has said that the cabinet has approved a $358.8 million contract with Italy's SICIM and Dubai-based Drake and Scull to lay pipelines in the southern Zubair oilfield. The two-year extendable deal is part of a series of contracts aimed at developing Zubair which should have […]
By John Lee. The Chief Executive of Italian oil and gas group Eni says the company does not plan to compromise its business in Iraq by making energy deals with Kurdistan. Paolo Scaroni (pictured) said that one of the conditions for developing the Zubair field was that there could be no deals with local governments […]
By John Lee. Shares in Afren, the U.K.-based oil and gas company with operations in Iraqi Kurdistan, gave up some of their recent gains on Wednesday, but were still nearly 10% up on Monday's intra-day low on speculation of a takeover offer. According to This is Money, rumours were rife that Italy's ENI, and Exxon […]
Basra will soon become the scene of multi-billion dollar construction projects to be implemented by major foreign firms, according to a statement issued by Basra Investment Commission. According to a report from Azzaman, most of these projects will be in the city of Basra, giving it more than 70,000 new, modern apartments for low-income groups, […]
Babil Investment Commission [Babylon Investment Commission] has announced that a group of Italian, Ukrainian and French companies are interested in investing in the province. The deputy chairman of the Investment Commission, Abbas al-Tai, told Alsumaria News that the companies are considering construction and industrial projects, and that "the Commission has provided all the necessary facilities to […]
Italian loader crane manufacturer Effer has won an order to supply 16 Effer model 440 4S cranes to Iraq's Ministry of Transport. The presentation of the first units took place at Effer's plant in Minerbio, Italy. The units were installed on Iveco trucks ordered by the Machine Technology Trading Company (MTT), headquartered in Baghdad. MTT […]
Bloomberg reports that Italy’s Consorzio Stabile Italia 2010 won a $247 million contract to build 2,000 homes in Diwaniya. The project is to be completed within three years on the southwestern side of Diwaniya city, Majid al-Mehanna, spokesman for the Diwaniya Investment Commission, told the agency on Wednesday. He added that the province needs 100,000 […]
A delegation from the Ministry of Industry paid a visit to the headquarters of Italian company Paresa on Wednesday to discuss the building of eight oil tanks for the South Oil Company. According to Aswat al-Iraq, each tank will have a capacity of 58,000 'cubic liters' (sic); we believe this should read 'cubic meters'. (Source: […]
