Tag Archives | Muthanna

Bashneft Completes Surveys at Block 12

Russia's Bashneft has completed field seismic surveys at Block 12 as part of the geological exploration programme approved by the Iraqi Ministry of Oil. The Oil Exploration Company, an Iraqi company specializing in geological and geophysical exploration, which won the open tender in the spring of 2014, has been employed as a contractor to conduct […]

ASEC Consortium Wins Cement Plant Deal

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: […]

Qatari Firm Wins $65m Housing Contract

By John Lee. The Muthanna Investment Commission has announced that a Qatari company has been contracted to build a housing project in central Samawa. Doha Investment Company won the contract for the $65 million housing complex, which will include 480 housing units, a school, a health centre and various other services, reports al-Shorfa. Some will […]

Two New Forests in Muthanna

By John Lee. Two areas of land have been allocated for new forestry in Muthanna province. AIN reports that 200 acres has been designated in the Um Akaf district, with a further 50 acres in Salman district. Consent has also been obtained for an animal feed factory on a site of 5 acres in western […]

Samawa BDC Goes to University

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 […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

$199 Million to Build 2,000 New Homes

The Iraqi government has awarded contracts worth $199 million to two construction companies  to build 2,000 homes in the southern provinces of Thi Qar [Dhi Qar] and Muthanna, reports Bloomberg. Markez Inc., an Iraqi-American company incorporated in Maryland, but with no contact address on its website, secured a $139 million deal to build 1,000 homes […]

Muthanna Already OKs 73% of Investment Projects

Thirty-seven percent of the investment plan projects for the year 2011 in the province of al-Muthanna were approved in a “record” time, according to the province's governor, Ibrahim Salman al-Mayyali, on Thursday. “Muthanna finalized referral of 73% of the projects in the 2011 investment plan, worth 66.680 billion Iraqi dinars [$55.6m], thus outstripping all other […]

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Security Review of Iraq 2010

Trends in 2010 demonstrated that violence is still a concern in Iraq. With opportunities for investment arising in 2011 the outlook for the country is fast improving, but companies looking to take part in Iraq’s economic redevelopment will have to take security into consideration if they are to succeed. Weekly Violence The above chart shows the […]

Permission for 792 New Apartments in Muthanna

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 […]