Tag Archives | Kut

Swedish Company to build Power Substations in Iraq

By John Lee. Linxon Sweden AB has signed a contract with the Iraqi Ministry of Electricity to build 132-KV power transmission stations in Baghdad, Kut and Diwaniya. The contract was signed in Stockholm in the presence of the Ambassador of the Republic of Iraq in Stockholm, Mr. Ahmed Al-Kamali. Linxon is a joint venture company […]

Investment Opportunity: Housing Compounds

Iraq's National Investment Commission (NIC) in coordination with the Ministry of Migration and Dislocated are pleased to announce the investment opportunity of the construction of new housing compounds on the land lots which areas and ownership are shown in the table below: No. Province Area Ownership of land Type Type of Investment 1 Diwanyah 20 […]

Deadline Extended for Kut Oil Refinery

By John Lee. The Ministry of Oil has extended the closing date for tenders for the new 100,000-bpd refinery in Kut. Companies interested in investing must submit their documents by the end of working hours on Tuesday, 4th October 2018. More information here. For further information please contact studies@oil.gov.iq or studies.oil@gmail.com. (Source: Iraqi Ministry of […]

Shiite Trio Competes for Power in Iraq

By Ammar Alsawad for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  On Feb. 28, hundreds of pro-Sadrist university students in Kut attacked Iraqi Prime Minister Haider al-Abadi's procession with stones and water bottles. Abadi's security forces fired tear gas and live […]

The Young Iraqi Behind ‘The Better Facebook’

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Sajad Saadi has dreams of becoming the next Mark Zuckerberg, the now-seriously wealthy American who helped found Facebook while he was at university. And to get that particular party started, […]

Iraq Invites Investment in new Refineries, Storage Tanks

By John Lee. Iraq's new oil minister, Jabbar al-Luaibi, has invited international oil companies to invest in four new oil refineries across the country: Kirkuk: 150,000 bpd; Kut: 100,000 bpd; Samawa: 70,000 bpd; and, Basra: 100-150,000 bpd. Contracts will be considered on both BOT (Build–Operate–Transfer) and BOO (Build–Own–Operate) bases. The Minister made the announcement during […]

The 200-Yr-Old Iraqi Market for Alternative Medicine

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Abu Al Hawa market in Kut has been selling alternative remedies for around two centuries now. But as one historian points out, the place is about more than just self-medication. […]

Development Work to Begin in Kut

By John Lee. A Malaysian firm has won a 71-billion Iraqi dinar ($61-million) contract to develop the southern area of Kut in Wasit [Wassit] province, according to a report from Al-Shorfa. Wasit governor Mahmoud Talal said: "The contract includes developing and rehabilitating the southern neighbourhoods of town by developing and paving streets and implementing water, […]

Serbia Eyes Investments in Wassit

By John Lee. The Serbian ambassador to Baghdad, Radisav Petrovich, has expressed his country's desire to invest in Iraq in general, and in Wassit province in particular. At a press conference in the city of Kut, the Ambassador Petrovich said a cooperation agreement will be signed shortly between the two countries. He added that an […]