Japan's Marubeni-Itochu Steel has joined the Iraq Britain Business Council (IBBC). The company is a joint venture between Marubeni Corporation and Itochu Corporation, established in October 2010 when the two companies merged their respective steel divisions. Its Tubular Products Division, which operates under the name Marubeni-Itochu Tubulars, supplies tubular products for the energy sector; its […]
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
Iraq plans to spend around $680 million in 2011 to renovate its dilapidated factories and start new projects, a senior Industry and Minerals Ministry official told Reuters on Monday. Haifa Hamid, head of the investment department in the ministry, said the economic reform plan was focused mainly on renovating existing factories or establishing new ones […]
Iraq issued tenders to redevelop "more than 10" industrial plants as part of a plan to revamp 250 state-owned facilities through private investors, an industry ministry official said, according to a report from Bloomberg. Deputy Minister Mohammed Abdullah Mohammed said the plants are mainly producing cement, petrochemicals, steel and pharmaceuticals, and the contracts are for […]
