Tag Archives | MBH

Iraq's 'Phantom' Electricity Deal Not So Ghostly?

The latest scandal at Iraq’s ministry of electricity involves multi-billion dollar “phantom deals” with a German and Canadian company. The minister of energy has been asked to resign. But according to a report from NIQASH, the real story is not as simple as it first appears. As a long, hot summer continues to overheat the […]

Iraq's 'Dodgy' Power Generation Deals

Reuters reports that Iraq’s government has admitted to being duped when it signed multi-billion dollar power plant contracts with foreign companies that it later discovered were either bogus or had lied about their financial status. The announcement is embarrassing for Nouri al-Maliki’s government as it tries to lure foreign investors into Iraq. “These contracts damaged […]