The latest Kirkuk, Iraq Business News – security, land, farming, infrastructure and more – brought to you by Iraq Business News
Trends in 2010 demonstrated that violence is still a concern in Iraq. With opportunities for investment arising in 2011 the outlook for the country is fast improving, but companies looking to take part in Iraq’s economic redevelopment will have to take security into consideration if they are to succeed. Weekly Violence The above chart shows the […]
Overview Last week saw a rise in the number of attacks taking place in Iraq. Militant activity was concentrated in the centre of the country and in the northern city of Mosul. There were at least three suicide bombings in Anbar and Ninawa provinces while a Kurdish civilian was reportedly kidnapped in Kirkuk. As warned […]
Kirkuk Investment Commission said on Sunday that 3 Iraqi companies are competing for the contract to build a mall worth 3 billion Iraqi dinars [$2.6m] in the city. The Investment Commission added that there is also a plan to build 800 residential units to the south of Kirkuk. (Source: Al Sumaria TV)
A new wireless broadband network is to be launched in Iraq by Fanoos Telecom. Fanoos will begin deployment of the WiMAX network in Sulaimaniyah, Mosul and Kirkuk, using the existing tower infrastructure from AsiaCell. Rollout is expected to be complete by the end of the year. The network will address both the residential and enterprise […]
Iraq plans to build four new refineries with an announcement expected in 2011, the country's deputy Oil Minister Motassam Akram Hassan said on Sunday, adding that the bidding round could be conducted for all four refineries at once. Reuters reports that total expenditure on the four plants is expected to be at least $9 billion. […]
Speaking to AKnews on Friday, Kirkuk Council member Ahmad Askari said Kirkuk's budget for 2010 was 121 billion Iraqi Dinars ($103 million), but so far only $34m has been spent on providing services; according to the provincial councils' law the reminder should be returned to Baghdad, if not spent. "It is unlikely that the province […]
Work has started on a bridge a linking Kirkuk to Mosul at a total cost of 6 billion Iraqi dinars [$5m], as part the Provincial Development Budget (PDB) for the year 2010, a local official in Kirkuk told Aswat al-Iraq news agency. “The Sadr al-al-Nahr bridge will link Mosul to Kirkuk in the district of […]
U.S. energy firm ContourGlobal is in talks with the authorities in the oil-rich province of Kirkuk regarding the construction of a 400-megawatt power plant, according to a report from Azzaman. Governor Abdulrahman Mostefa was quoted as saying that the plant would not be part of the country’s national grid as it wpuld be used exclusively […]
Turkey's Energy and Natural Resources Minister, Taner Yıldız, has said Turkey will renew the agreement with Iraq for the Kirkuk-Yumurtalık crude oil pipeline on Sept. 19. The flow of oil through the pipeline was severely affected by the seven-year US occupation of Iraq. The very limited flow has continued to decrease over the last few […]
Kirkuk's governor, Abdul Rahman Mustafa, met with the chief of the provincial reconstruction team (PRT), Fletcher Burton, to discuss security, economic and service developments in the region. The governor assured Mr Fletcher that the security situation was good and stable, as evidenced by the completion of projects in Kirkuk and the improvement of services to […]
Iraq’s North Oil Company has drilled 31 new wells in latest bid to boost output from the aging Kirkuk’s oil fields, according to a report from Azzaman. Oil first was pumped from Kirkuk more than seven decades ago. Kirkuk’s fields, once believed to be one of the world’s largest, have seen their output fall to […]
The flow of crude oil from northern Iraq's Kirkuk oilfields has again been interrupted, according to a report from Dow Jones. Shipping agents report a technical fault since Sunday on the Turkish part of the Kirkuk-Ceyhan pipeline. This is the third time the flow has been suspended this month, sometimes due to technical faults and […]
