The latest Kirkuk, Iraq Business News – security, land, farming, infrastructure and more – brought to you by Iraq Business News
AKE has compiled statistics covering violence in Iraq over the course of 2011. The average week saw 56 attacks, many of which included bombings targeting civilians on an indiscriminate basis. The Iraqi security forces also suffered numerous attacks and will likely remain a major focus for militant groups now that the US military has withdrawn […]
The number of attacks taking place in Iraq actually fell last week. Nonetheless, the associated number of casualties was still much higher than average. At least 100 people were killed and 261 injured in nationwide incidents, several of which targeted Shi’ah pilgrims gathering to commemorate Arba’een. Violence was concentrated in the cities of Mosul and […]
AKnews reports that up to 26 foreign companies are engaged in preparations to build a 500 MW power plant in Kirkuk. Kirkuk currently requires 880 MW, but can only provide 450 MW: 240 MW from the national grid and 225 MW through a contract with Kurdish investor. Rebwar Talabani, the Deputy head of Kirkuk Provincial […]
AKnews reports that the Iraqi Ministry for Tourism will begin renovating Kirkuk's historic citadel in early February. Deputy head of Kirkuk's archeology office told AKnews that the ministry has not announced the allocated budget for the project. She added this is the second time the citadel, located in the central Kirkuk, will be renovated. The […]
Bloomberg reports that Iraq will increase its exports of Kirkuk crude for January from the Turkish Mediterranean port of Ceyhan (pictured) by 3.5 percent from last month. The loading program obtained by comprises 18 cargoes totaling 13.88 million barrels, or 447,742 barrels a day, compared with 432,677 barrels a day for December. The cargo sizes […]
AKnews reports that officials in Kirkuk have laid the cornerstone of a 600-unit housing complex worth 16.5 billion Iraqi Dinars (about US$13 million). The project, undertaken by a local Iraqi company, is funded by the province’s petrodollar money. Kirkuk is one of the richest provinces in the country after Basra, which exports the majority of […]
Levels of violence fell in Iraq over the past week, a welcome change following the spate of attacks on 22 December. At least 20 people were killed and 82 injured nationwide. This is at the lowest end of the usual figure range of 20 to 90 fatalities in any given seven-day period over recent months. […]
In his joint press conference with Iraqi Prime Minister Nouri al-Maliki on December 12, 2011, President Barak Obama noted that “In the coming years, it’s estimated that Iraq’s economy will grow even faster than China’s or India’s.” Foreign and regional investors interested in Iraq’s economic potential, but uncertain about the country’s investment regulations, arbitration laws […]
As the US military withdrawal continues, levels of violence rose in Iraq over the past week. Incidents were concentrated in Baghdad, Mosul and Kirkuk, while the southern city of Basrah also saw a bomb attack the day before an international oil and gas conference opened in the city. Otherwise there has been a countrywide rise […]
Reuters reports that Iraq has signed contracts worth $396 million with South Korea's Hyundai Engineering to build two new power plants. Laith al-Mamury, head of investments and contracts at the electricity ministry, said the plants will have a total capacity of 1,752 megawatts. There will be five units of 292 MW each in Rumaila, with […]
Levels of violence rose in Iraq over the past week, particularly in Mosul and the central provinces. There was a rise in bomb attacks, a steady number of shootings and at least two injuries caused by indirect fire (rockets and mortars). At least one person was kidnapped in the north of the country. The head […]
A large oil rig has arrived in the northern oil fields around Kirkuk to start work on reclaiming old oil wells and drilling new ones, according to AKnews. The wells of the Hamrin mountains were left unused until June this year. The Iraqi Drilling Company announced the arrival of the rig on Thursday, and its […]
