The latest Mosul Business News – security, company news, oil refineries and more – brought to you by Iraq Business News
Illegal checkpoints may be making a resurgence in Iraq. On 12 September militants stopped and killed several Shi'ah pilgrims at one such installation in Anbar province. Recent months have seen a number of similar facilities being set up by armed militants, mainly in the central provinces, but also around some parts of the north of […]
Citadel Capital reports that it has concluded a memorandum of understanding (MOU) with the Petroleum Ministry of Iraq to build a 150,000-barrel-of-oil-per-day (BOPD) complex petroleum refinery in Iraq. Under the terms of the MOU, the Ministry of Petroleum would guarantee the refinery its feedstock and purchase the refined products under a 25-year off-take agreement at […]
AKnews reports that a German company has started work on a $200 million hospital in the al-Qayara district of Nineveh, 30 km south of the provincial capital Mosul. A Nineveh health official told the agency that the 600-bed hospital will serve the surrounding area which is in "desparate need" of medical facilities. Currently, people in […]
A refinery with a capacity of 150,000 barrels per day will be constructed by the Egyptian Qalaa Company in Nineveh province. In a statement, Deputy Oil Minister Ahmed Shamaa said the Ministry of Oil has contracted Qalaa to establish the refinery which will process the crude oil from the Najma and Gayar fields near Mosul. […]
A French company began construction work on Tuesday on a $15 million luxury hotel in Nineveh’s Shallalat area, 10 km north of Mosul, according to AKnews. The Investment Commission's media spokesman told the agency that the 200-room hotel will be the first of its kind in the region. “The implementation of the project comes after […]
Iraq’s oil wealth is massive, with significant economic potential for years to come. Unfortunately, development is being hampered by endemic violence and ongoing instability. However, the main reserves are not evenly distributed around the country and neither is the violence. By avoiding the violent hotspots companies can still make significant profits with minimal exposure to […]
There was a reduction in overall levels of violence in Iraq last week, making it the quietest week in the country since February. Baghdad actually had the quietest week so far in 2011, which is promising, except that the authorities have warned that the lull is likely to be temporary. It may be the case […]
Levels of violence rose slightly in Iraq last week. Incidents were concentrated along a belt stetching from Ramadi in Anbar province to Ba'qubah in Diyala province, with the majority concentrated in Baghdad. Mosul and Kirkuk in the north also saw a spate of attacks (as per usual). At the time of writing many pilgrims are […]
Aswat al-Iraq reports that an Iraqi oil pipeline, carrying crude oil to Syria, was blown up northwest of Mosul on Sunday, stopping oil exports to Syria Ninewa police source said “a group of armed men have blown an oil pipeline carrying crude oil from northwestern Mosul’s Ain-Zalah refinery to Syria”, adding that the explosion took […]
Levels of violence fell in Iraq last week, but conditions continue to fluctuate and the overall number of attacks has risen gradually since the beginning of the year. Over the past two months the country also appears to have experienced a violent week, followed by a quiet week, in fairly regular alternation. It could be […]
Levels of violence rose again in Iraq last week, as part of what appears to be a gradual trend which has evolved over the past six months. Last week saw attacks concentrated around Baghdad, Mosul and Kirkuk, with several more incidents in Anbar, Diyala and Salah ad-Din provinces. The southern provinces have also seen a […]
Levels of violence rose in Iraq last week, although conditions were not as bad as a fortnight ago. Most incidents were concentrated in Baghdad, Anbar and Salah ad-Din provinces, with an overall decline in militant activity in the north of the country and a rise in attacks in the south. There has also been a […]
