By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the signing of a memorandum of understanding between the National Investment Commission (NIC) and South Korea's Hanwha to resume work on Bismayah City residential development. The visit on Monday morning included a meeting with residents, where their feedback on provided services was heard, prompting directives […]
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Ukrainian Company to Develop Iraq's Akkas Gas Field?
By John Lee. Iraq's state-run Iraqi News Agency (INA) has quoted the Undersecretary of Extraction at the Ministry of Oil, Bassem Muhammad Khudair, as saying that the contract to develop the Akkas gas field will be granted in the coming days to a Ukrainian company. He did not name the company. Meanwhile, a official statement […]
Iraq's Qi Card to work with Samsung
By John Lee. Samsung Electronics Middle East has signed a memorandum of understanding (MoU) with Iraq's Qi Card. According to a press release from Samsung, the partnership "aims to provide advanced technological products and solutions to traders, citizens, and agents of both companies with attractive commercial offers throughout Iraq." It adds: "The two companies will […]
UNICEF, Daewoo supporting Education in Basra
UNICEF, funded by Daewoo E&C, to provide early childhood education support to 750 children from disadvantaged areas of Basra UNICEF has signed a partnership with Daewoo E&C to provide 750 young children with access to early childhood education (ECE) services in disadvantaged areas in Basra Governorate. Co-led by the Basra Directorate of Education, this partnership […]
Iraq Desalination Project transferred to Basra Governorate
By John Lee. In an effort to address the water scarcity crisis and expedite the implementation of a seawater desalination plant project in Basra province, the Iraqi Cabinet has made the following decisions: Amendment to Previous Decision: The Cabinet has revised the resolution made in 2021 under Cabinet Decision No. 315. Project Transfer: The Ministry […]
Korea-Iraq Joint Cmte Resumes, Targets Big Projects
By John Lee. The Korean Ministry of Land, Infrastructure and Transport will hold the 9th meeting of the Korea-Iraq Joint Committee in Seoul on June 21 (Wednesday). The Joint Committee is a joint participation of relevant ministries and agencies from Korea and Iraq, with the Korean delegation consisting of 14 ministries and 5 organizations, and […]
Oil Minister Discusses Karbala Refinery with Korean Consortium
By John Lee. Iraq's Minister of Oil, Hayan Abdul-Ghani, recently met with the Chairman and members of a consortium of Korean companies, led by Hyundai. The meeting, which included the General Manager of the State Company for Oil Projects (SCOP) and the General Manager of the Midland Refineries Company (MRC), focused on discussing the consortium's […]
PM Opens Karbala Refinery
By John Lee. The Karbala Oil Refinery, Iraq's first oil refinery to operate with modern technologies, has been opened by Prime Minister Mohammed S. Al-Sudani. Built by Korean company Hyundai, the refinery has a capacity of 140,000 barrels per day and meets the latest environmental-friendly European standards. It includes a power plant with a capacity […]
Korean firm discusses building Industrial City in Habbaniyah
By John Lee. The Industrial Cities Authority, affiliated to the Ministry of Industry and Minerals, held a meeting with the South Korean company TRAC Development Group to discuss establishment of an industrial city in Habbaniyah. Both sides sought to enhance communication and exchange of experiences with countries that are capable of managing industrial cities. The […]
Alstom and Hyundai discuss "Baghdad Monorail"
By John Lee. The Director General of the Iraq Railways Company, Eng. Yunus Khaled Jawad, held a meeting with representatives of Alstom and Hyundai this week at the company's headquarters. The purpose of the meeting was to discuss the plan for the implementation of the Baghdad Elevated Train (BET) project, also known as "Baghdad monorail". […]
Hanwha expected to Return to Bismayah Housing Project
By John Lee. A new road map has been put in place for the continuation of work on the the giant Bismayah New City project on the outskirts of Baghdad. According to a statement from the National Investment Commission (NIC), South Korean company Hanwha is expected to sign a revised contract in the coming weeks, […]
Hanwha "Cautious" about resuming Bismayah Project
By John Lee. South Korea's Hanwha Group is reported to be "cautious" about resuming the construction at the giant Bismayah New City housing project, southeast of Baghdad. The Korea Times quotes an official at the company as saying that if the Iraqi government completes payment of the money owed to Hanwha, the company, "may resume […]