By John Lee. A seismic survey contract has been signed between the Iraq Oil Exploration Company and Zhenhua Oil (EBS Petroleum) for seismic survey work at the Abu Khema block in Muthanna province, covering the Annexe to Licensing Round Five and Licensing Round Six. The contract was signed on Wednesday in the presence of Minister […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Electricity expenditure in Iraq 10 times higher than actual need: NGO The money spent on Iraq's electricity sector is 10 times higher than what is actually required to provide full power supply, the head […]
By John Lee. According to the Ministry of Electricity, current electricity generation has reached around 22,000 megawatts, with governorate allocations calculated based on net generation after accounting for exemptions including government hospitals, water stations, losses, loads and auxiliary equipment. The ministry said allocations are distributed according to approved percentages set by the Higher Coordination Committee […]
By John Lee. Iraqi Geological Survey has launched a strategic project to explore limestone reserves in Muthanna province to support the cement industry. The initiative focuses on assessing deposits in the Al-Ghadhari area, identifying high-quality raw materials suitable for producing various types of cement, including ordinary Portland cement and sulphate-resistant cement. Key objectives of the […]
By John Lee. The Iraqi government has approved annual allocations of IQD 100 billion (USD 76.3 million) for each province covered by the Reconstruction Fund for the Most Impoverished Areas. The funding applies to five provinces: Basra Babil Diwaniyah Muthanna Najaf The allocations form part of ongoing efforts to support development and improve economic conditions […]
By John Lee. The Iraqi Geological Survey, part of the Ministry of Industry and Minerals, has begun two projects to explore, assess and develop limestone reserves suitable for cement production in Muthanna and Wasit provinces. The projects aim to identify and evaluate the quality and quantities of limestone through: Fieldwork and geological studies; Specialised laboratory testing; […]
By John Lee. The Ministry of Oil has completed the two-dimensional (2D) seismic survey programme west of Khudher Al-Mai [Khider al-Mai] in Muthanna province, exceeding its target with a completion rate of 103 per cent. The work was carried out by the Third Seismic Team under the Oil Exploration Company, covering a total distance of […]
By John Lee. Safwat Al-Msharea has won a contract with the United Nations Development Programme (UNDP) for the "Pavement of Al Aksha channel Section two - Muthanna governorate." Contract value is stated as $68,216.14 (Source: UNGM)
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Chinese oil firm sees Iraq as its 'core market' A subsidiary of the Chinese state-owned ZhenHua Oil said on Sunday that Iraq is its "core market" and pledged to expand investments in the country's […]
By John Lee. The Iraqi Oil Exploration Company has completed the two-dimensional seismic survey programme at "Ziggurat-Uruk" in Muthanna and Diwaniyah provinces ahead of schedule. Director General Osama Raouf Hussein visited the Fourth Seismic Team on Thursday and praised the national workforce for completing the project 12 days earlier than planned, achieving 104% of the […]
By John Lee. Central Bank of Iraq (CBI), in cooperation with the International Labour Organization (ILO), the Iraqi Company for Bank Guarantees (ICBG), and several Iraqi banks, has provided significant financial and training support to displaced persons and host communities in Nineveh and Duhok governorates under the Afaaq programme. The initiative has since been replicated […]
By John Lee. The Director-General of the Food and Agriculture Organization of the United Nations (FAO), Mr. QU Dongyu, has launched a $39-million project titled "Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq" (SRVALI), in partnership with key Iraqi ministries. The launch took place in Baghdad during the 5th Baghdad International Water Conference. […]
