By John Lee. Iraq's Council of Ministers has approved the recommendation of the Economic Energy Council to sign contracts for the fifth energy licensing round. According to a government statement, the fifth-round projects had been suspended for four years due to "a complaint about the correctness of the procedures." It adds that, "after this file […]
By John Lee. UAE-based Crescent Petroleum has signed the initial contracts to develop the oil fields of Gilabat-Qumar (in Diyala), Khashim Ahmer-Injana (in Diyala), and Khudher Al-Mai [Khider al-Mai] (in Basra and Muthana). Mr. Abd Allah Al-Kadhi, the head of exploration and production in the company, said that production will start after three years. The […]
By John Lee. Iraq's Ministy of Oil has awarded all four development projects, and two of the seven exploration blocks, that it offered in its fifth auction of oil licences. Only nine of the 26 companies originally pre-qualified took part in the auction, with majors such as Lukoil (Russia), ExxonMobil (US) and Total (France) not bidding. Development […]
In an important step toward financing its first post-war agricultural investment project in Iraq, the UN’s International Fund for Agricultural Development (IFAD) met with a high-level Iraqi delegation in Rome last week. The project will target 20,000 rural households in the poorest southern governorates of Missan, Thi Qar, Qadissiyah and Muthana. The delegation was welcomed […]
Danish-based FLSmidth has signed a contract worth more than $200 million with the Iraqi Cement Company, to supply a total of 6,000 tonnes of cement per day to the production line for the Al Muthana region. The contract is a full EPC order, comprising engineering, all FLSmidth equipment supplies, erection and construction, as well as […]
By John Lee. ICR reports that a consortium of ASEC Cement and Iraq's Qemmet El-Iraq has won a contract to rehabilitate and manage the Muthanna Cement plant for 14 years. Attending a signing ceremony in Baghdad with Southern Cement, the state holding company that controls Muthanna Cement, ASEC Cement Chairman and CEO Giorgio Bodo said: […]
By John Lee. Iraq's Ministry of Health has announced that it will build two 400-beds hospitals in the provinces of Kirkuk and Muthanna. Azzaman reports that the Ministry has signed contracts totalling $290 million with foreign companies to build the hospitals, which are part of a plan to construct 11 such facilities. A Turkish firm is […]
By John Lee. The Samawa Business Development Center (SBDC) continues to expand the range of services it provides in Muthanna Province to meet the needs of government and businesses alike. Initially benefitting from grants and support provided by the Dhi Qar and Muthana Provincial Reconstruction Team and the USAID-Tijara program, the SBDC has grown from […]
An Iraqi company has won an investment license to build a residential compound in Muthanna, an official of the Muthanna Investment Commission said on Wednesday. “The MIC has granted an investment license to an Iraqi company to build a compound, consisting of 792 apartments, in Muthanna on an area of 65 donums [16 hectares]”, Ali […]
Works are underway to build a waste-recycling plant in al-Muthanna at a cost of $151 million [177 billion Iraqi dinars], according to the province’s investment commission chairman on Sunday. “The project stands over an area of 30 donums [7.5 hectares] and should be finalized in 13 months,” Adel Dakhil al-Yasseri told Aswat al-Iraq news agency. […]
A private-sector company is to invest £200m to build a cement factory with a capacity of one million tons and a total cost of $200 million [240 billion Iraqi dinars] in Muthanna, a source from Muthanna’s Investment Commission said on Sunday. “We have completed all legal measures for contracting and handing over the land for […]
Staff from the China National Building Material Company, CNBM, have started work on the construction of the first concrete factory in al-Muthana province. "The Chinese firm will construct the factory for an Iraqi investor," a local source told Aswat al-Iraq news agency. He explained that the total cost of the project is $270 million [320 […]
