The Iraqi-Italian Economic Forum was opened in Erbil on Monday, with the participation of between 40 adn 50 Italian companies, along with representatives from the Italian Chambers of Commerce and Industry and Iraqi Chambers of Commerce. The forum, also attended by Iraqi Kurdistan Region’s Minister of Industry & Trade, Sinan al-Chalaby [Chalabi] and the Minister […]
The Kurdistan Regional Government’s Head of Foreign Relations Minister Falah Mustafa Bakir today welcomed to Erbil his counterpart from the Veneto Region of Italy. Minister Bakir and the KRG’s Representative to Italy Ms Rezan Kadir together met Dr Diego Vecchiato, the Director of the Department of International Relations of the Veneto Regional Government. On his […]
Italian firm Saipem, a subsidiary of oil group Eni, has been awarded a $469 million contract to expand oil export facilities in the southern port city of Basra, according to a report from AFP. The agency quotes government spokesman Ali al-Dabbagh as saying that the company has to complete the project within two years of […]
The Iraqi Council of Ministers has licensed 16 Italian companies to invest in housing projects in Iraq, according to AKnews. Salam al-Qurayshi, an advisor for the Council, told the agency that the companies will construct more than 12,000 houses for government employees in six provinces: Babel, Basra, Dhi Qar, Karbala, Muthanna and Maysan [Missan]. The […]
Reuters reports on Wednesday that Iraq has awarded a $472 million contract for an oil export facility expansion and sub-sea pipeline to the Italian group Saipem, a subsidiary of oil group Eni. Saipem will build a single point mooring buoy (SPM) with an export capacity of 900,000 barrels per day and construct a 50-kilometre pipeline […]
The Iraqi Ministry of Oil signed a Memorandum of Understanding (MoU) in principle with a group of Italian investors to build a refinery in Karbala, the oil undersecretary for refineries affairs said on Tuesday. Ahmed al-Shamma said in a statement that the signature was made to enable the consortium complete its procedures for the project, […]
Italy’s energy giant Eni is still interested in investing in the Nassiriya oilfield, Italy's ambassador to Iraq has said. Ambassador Gerardo Caranti was visiting Iraq to evaluate the progress of several projects and to study future suggestions. "We have several projects in Iraq at a cost of more than $2 billion," he told Aswat al-Iraq […]
Two hydro-electric plants in Sulaimaniya province of Iraqi Kurdistan are being renovated at a cost of $40 million [48 billion Iraqi dinars], according to a report from AKnews. Sirwan Mohammed Mahmoud, the media and relations director at Sulaimaniya electricity office, told the agency that the budget to renovate Darbanikhan (pictured) and Dokan dams comes from […]
The Kurdistan Regional Government (KRG) signed a broad agreement with the Veneto region of Italy in Venice to strengthen political, economic, and cultural ties. The Memorandum of Understanding (MOU) was signed on behalf of Kurdistan Region’s President Masoud Barzani by his Chief of Staff Dr Fuad Hussein, and by the President of Veneto Region Luca […]
Italian oil company ENI plans to invest in Basra province in the fields of economy, science, and sport. Basra's Governor says the company dedicated about $ 5 Million to implement several projects to enhance relations with Basra and its citizens, he added that the company is ready for real investments in agriculture and cattle projects, […]
The United Nations Industrial Development Organization (UNIDO) will launch in January a EUR 3 million technical cooperation project in Iraq to develop industrial zones and enhance investment in the country. The two-year project will be funded by the Government of Italy, and implemented in coordination with the World Bank. An agreement on the funding was […]
Italy's Eni SpA and its partners will raise oil production from Iraq's Zubair oil field 10% above its previous level of around 180,000 barrels a day by the end of this year, the company said on Tuesday. Dow Jones reports that once the 10% increase is achieved, Eni will start receiving payment in the form […]
