By John Lee. The National Investment Commission (NIC) has announced the start of administrative procedures to designate the Al-Tayeb area in Maysan as a district, paving the way for its transformation into a major multi-service economic city and strategic investment opportunity. NIC Chairman Dr. Haider Mohammed Makiya said the Commission has received the master planning […]
By John Lee. Prime Minister Mohammed Shiaa al-Sudani on Saturday launched "Iraq Vision 2050: Towards Development and the Future" at a ceremony attended by government leaders, private sector representatives, diplomats, academics, and media professionals. The official government press release did not make the plan available to the public. Al-Sudani praised the work of the National […]
By John Lee. KBR has announced the renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon oil field in Iraq, extending the agreement for another two years. Under the contract, KBR will continue delivering EPCM services to support production targets, enhance operational efficiency, improve safety, and […]
By John Lee. US-based KBR has been awarded a front-end engineering design (FEED) contract by KAR Electrical Power Production Trading FZE (KEPPT) for the development of a major fertilizer facility in Basra, Iraq. The project includes a 2,300 metric tonnes per day (MTPD) ammonia production unit and a 3,850 MTPD urea production unit. The FEED will […]
By John Lee. Dhi Qar Oil Company (DQOC) has signed a Heads of Agreement (HOA) with a consortium comprising KBR (USA), Dragon Oil (UAE), and Al Hurra International to develop the Abu Amoud and Saba [Subba] oilfields in Dhi Qar Governorate. The project will be undertaken as an integrated investment venture. The signing ceremony took […]
By Farhad Alaaldin for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. A visit by a US delegation to Iraq next week is a chance to deepen ties with Baghdad With the accelerating pace of Iraq's economic revival and comprehensive development […]
By John Lee. The National Investment Commission (NIC) has signed the Task Order for Phase One of developing the Al-Tayeb Specialised Economic Service Zone in Maysan Province, positioning it as Iraq's first integrated economic city. Key Developments: NIC Chairman Dr. Haider Mohammed Makiyah stated that Al-Tayeb Economic City will attract global investors across agriculture, industry, […]
By John Lee. The management of the General Company for Ports of Iraq (GCPI) held an extensive meeting this week with representatives from the Ministry of Planning and consultancy firm KBR at the Ministry of Transport headquarters to discuss the transition to the operational phase of the Grand Faw Port. Dr. Farhan Al-Fartousi, Director General […]
By John Lee. The National Investment Commission (NIC) held an extensive meeting with KBR on March 4, 2025, to explore the development of Iraq's first blue ammonia plant in Basra. According to the UK's Royal Society, 'blue ammonia' is ammonia produced using 'blue hydrogen', i.e. hydrogen produced by steam methane reforming (SMR) where the carbon […]
By John Lee. US engineering firm KBR has secured a $187 million order from the U.S. Department of State to provide medical support services in Iraq under the Diplomatic Platform Support Services (DiPSS) contract. The five-year Medical Support Services Iraq (MedSSI) task order will run through 2029. Under the contract, KBR will operate a Diplomatic […]
By John Lee. Iraq's Cabinet has approved the South Gas Company (SGC) to oversee the establishment of a fixed platform for importing liquefied gas. The company has been granted the following responsibilities: Coordination with Iraqi Ports Authority: Identify platform and gas storage locations, define specifications, and negotiate preparatory works including excavation, landfilling, and berth construction. […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Is The U.S. Going To Bring This Multi-Billion Iraq Project To Fruition? Among the many projects in Iraq's energy sector that could each make it much-needed billions of dollars a year […]
