The Iraq Britain Business Council (IBBC) presented a webinar yesterday discussing a road map for the privatisation of the 176 state-owned enterprises (SOEs) in Iraq. Discussions were based on the recently-published IBBC paper, The Privatization of Iraqi State-owned Enterprises, the lead author of which was Professor Frank R. Gunter, of Lehigh University. The paper can […]
By John Lee. The United Kingdom and Japan have been chosen to co-chair the Iraq Economic Contact Group (IECG), which met earlier this week. British Ambassador, Mark Bryson-Richardson, commented: "Economic reform and diversification are key to Iraq's prosperity. "Delighted the UK is now co-chair of the Iraq Economic Contact Group, along with Japan. "Its job […]
By John Lee. Iraqi Prime Minister Mustafa Al-Kadhimi has officially opened the new Maysan Power Station. The new power plant adds 750 megawatts of capacity to the grid, 500 MW of which are produced through simple cycle and 250 MW through combined cycle. It is powered by natural gas from the Halfaya and Bazerkan fields, […]
By John Lee. Jibal Yathrib For General Contracting LTD has won a contract with the United Nations for the rehabilitation of 37 damaged houses in Maghrib and Sikak neighborhood, Mosul City, Nineveh Governorate, Iraq. The contract is valued at $161,293.90, and has a stated potential end date of 11th May 2023. (Source: UN Procurement Division)
By John Lee. ZoodPay has announced that it has entered into a strategic partnership with Shopini, a leading Iraqi company in retail, e-commerce, shipping, supply chain, and food delivery. According to a statement, the company has one of the major online marketplaces in Iraq with over one million downloads, a network of offline stores in […]
By John Lee. The Iraqi Ministry of Oil has confirmed reports that three major US-based oilfield services companies have informed the Ministry that they will refrain from entering into new projects Iraqi Kurdistan. It says that Schlumberger, Baker Hughes and Halliburton have made the commitment to comply with the Federal Supreme Court ruling that oil […]
By John Lee. Prime Minister Mustafa al-Kadhimi has announced that the Eid al-Adha holiday will begin on Saturday 9th July, and end on Thursday 14th July. Government institutions will resume work on Sunday 17th July. The Iraqi Stock Exchange will also close during this period. (Sources: General Secretariat for the Council of Ministers, ISX, Rabee)
By John Lee. Iraq's Ministry of Oil has announced preliminary oil exports for June of 101,191,236 barrels, giving an average for the month of 3.373 million barrels per day (bpd), up from the 3.300 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately 97,980,589 barrels, while […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil exports for May of 102,303,020 barrels, giving an average for the month of 3.300 million barrels per day (bpd), slightly down from the 3.380 million bpd exported in April. The exports from the oilfields in central and southern Iraq amounted to approximately 98,946,914 barrels, […]
By John Lee. Greek construction company Archirodon has filed a petition to enforce an arbitration award against the General Company for Ports of Iraq, the Iraqi Ministry of Transport, and the Republic of Iraq. According to Offshore Alert, the company is claiming $105 million relating to an arbitration award that was granted three years ago. […]
By John Lee. As part of the national campaign to eliminate the smuggling of oil derivatives, five vehicles prepared for smuggling were seized and four people were arrested in Salah al-Din Governorate. Four large storage tanks were also seized at the smugglers' base. A further four premises were seized in raids in Nineveh, Anbar, Babil […]
By John Lee. Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded a $13,273,788 contract modification (P00004) for option exercise to previously awarded contract FA8617-21-C-6237 for contractor logistics support of Iraq's C-172 & C-208 fleets at Martyr Brigadier General Ali Flaih Air Base, Iraq. This modification involves Foreign Military Sales to Iraq. Work will […]
