By John Lee. Iraq's oil ministry has again delayed an international tender for the development of its Nasiriya oil field and the construction of a new refinery, according to a report from Reuters. The auction for the Nassiriya Integrated Project will now take place on 19th June, have been originally scheduled for December, and then 23rd […]
By John Lee. Egypt's Petrojet has won a $100-million tender to design, supply and install the butane pipeline project from Nasiriyah to Khor Al-Zubair in Basra. Company boss Mohamed Shemy [Mohamed Shimy] said the project is to be completed within 18 months. According to a report from Egypt Independent, the company beat competition from Russia, […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Oil (MoO) prepared a complex contract commensurate with the structure and complexity of Nasiriya Integrated Project (NIP), to be offered in a bid round scheduled for December 2013. […]
By John Lee. Iraq's Ministry of Construction and Housing has announced an investment opportunity in the governorate of Nasiriyah to build a residential complex for Ministry staff and state employees. The project is located on a 250,000 m2 site on the island of Kushmarah, on the highway in the northern part of Nasiriyah city, adjacent […]
By John Lee. Iraq's Petroleum Contracts and Licensing Directorate (PCLD) has announced that seven international oil companies (IOCs) have been selected to bid for the development of its Nasiriya oilfield and refinery: Zarubezhneft, from Russia (Up and Downstream); CNPC, from China (Downstream); Brown Energy, from US (Downstream); Reliance Industries, from India (Up & Downstream); Lukoil, […]
By John Lee. As part of its effort to improve the national grid, Iraq has rehabilitated an old power plant in Nassiriyah. Built in the 1970s, the plant is one of the largest in Iraq, but was in need of modernisation. Electricity Ministry spokesperson Musaib al-Mudaris said it took Iraqi technicians three months to repair, […]
By John Lee. Nassiriya suffers from a lack of facilities for family entertainment, which force most families to go to other provinces, mainly during eids and other holidays. Analysts and activists accuse the government of disregarding violation of "green zones" in Iraq. The Iraqi Housing Director, Bassam al-Jaberi, told Aswat al-Iraq news agency: "Nine years […]
By John Lee. Iraq's Petroleum Contracts and Licensing Directorate, part of the Ministry of Oil, is preparing for a licensing round to develop the Al-Nasiriya oil field, and to build a refinery in the area. These will be considered as a single complete project, and qualified companies will soon be invited to tender. (Source: Ministry of […]
By John Lee. Abdul-Mahdy al-Ameedi, the director of the Iraqi oil ministry's contracts directorate, has said that Iraq will soon set a date for international oil companies (IOCs) to bid to develop the giant Nassiriya oilfield. The largely undeveloped field has estimated reserves of just under 5 billion barrels. According to information from Reuters, there […]
By John Lee. The Ministry of Electricity announced that it has obtained long term funding from the Japanese International Cooperation Agency (JICA) for the Nassiriya power station. According to the Kuwaiti News Agency (KUNA), JICA has approved a $2-billion loan for the project, which would be enough to cover the full cost. AIN, on the […]
By John Lee. The Thi Qar Investment Commission has approved an Investment License for a $60 million (USD) affordable housing project being developed by Iraq Dream Homes, LLC, a U.S. affordable housing development firm. The housing project “An Nasiriyah Dream Homes-Phase I” consists of 400 units of single-family affordable homes in a master-planned, sustainable community […]
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