Missan / Mysan latest Business News – oil & oilfields, power, water and more – brought to you by Iraq Business News
A total 201 projects costing 90 billion Iraqi dinars (IQD) [$77m] were finalized in Missan within the Provincial Development Budget (PDB) for the year 2010, according to the deputy governor on Saturday. “There were 61 municipal projects, 29 water projects, 24 for sanitary sewage, seven for electricity, four for communications, three for each of reconstruction, […]
The Maysan [Missan] Provincial Council allocated more than $42 million [49 billion Iraqi dinars] for the development of the province’s marshlands for 2011, a local official said on Thursday. “The ministry of state for the marshes’ affairs have allocated the sum of 49.900 billion dinars to set up service projects in the eastern and western […]
The development of Halfaya oilfield in southern Iraq’s Maysan province shall insure enough gas for Kahla’a power station, according to the Director-General of Missan Oil Company, who said that the gas produced from the oil field would exceed 60 million cubic feet. “The development of the Halfaya field shall secure the needs of the Kahlaa […]
A total of 170 projects have been implemented in Maysan [Missan] at a cost of 85 billion dinars [$73m] during 2010, according to a director of the financial department of the Maysan Council. “Missan has implemented 170 projects in the public sector, health and education sectors at a cost of 85.520 billion dinars,” Abd Ali […]
The Maysan Communications Department has embarked on a project to set up a fiber-optic communications network in the city of al-Amara, according to a report from Aswat al-Iraq. “Engineers and technicians in the department started works on a project to build a high-quality fiber-optic communications network,” Ali Mahmoud, head of the department, told the agency. […]
The Chairman of future projects coordination in Karbala province, Hani al-Yasari, has confirmed that the Turkish Universal Acarsan Co. has completed the first stage of the modern hospital project in al-Herr district the province. He told NMC that the seven-floor hospital, to be built over 65 acres in 33 months, includes 492 beds initially, expanding […]
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. […]
Aswat al-Iraq reports that 250 generators have arrived in Maysan [Missan] to improve the power network in the province. “Fifty generators arrived in Missan on Friday (Oct. 15) as part of the Iraqi government’s $100-million grant to the province,” Hussein Aziz, media spokesman for the Missan electricity department, told Aswat al-Iraq news agency. “The province […]
Reuters reports that the Chief Executive of Weathford International, one of the largest suppliers of goods and services to oil companies, said the oil services industry needed more consolidation. Weatherford is currently operating in Iraq's al-Bazerkan oilfield in Amara. "We need to get larger," said Bernard Duroc-Danner, citing the fact that oil services companies face […]
Two investment licenses have been granted to a Lebanese company to establish two residential compounds in the north of Amara, the chairman of the Maysan Investment Commission said on Monday. “MIC granted an investment license to Lebanon’s Home International Corp. to build 700 housing units in Ali al-Gharbi district, north of Amara, at a cost […]
A Russian firm has expressed interest in investing in the construction of the new industrial area east of Amara city. “The firm is ready to execute the project according to credit payment system,” a local Iraqi source told Aswat al-Iraq news agency on Wednesday. He explained that the new industrial area will be on the […]
An initial agreement has been reached with a Russian company to invest in gas produced from the Missan oilfields, the Chairman of the local council’s energy committee said on Tuesday. “The agreement will help to increase the revenues allocated to the province, and to meet the local demand, in addition to using the gas produced […]
