By John Lee. The Najmat Al-Samawah (NAS) joint venture, led by Pakistan's Lucky Cement, has successfully fired the kiln for its new clinker production line in Samawah, The line has a capacity of 1.82 million tons per annum (MTPA). An additional cement grinding plant with a capacity of 0.65 million tons per annum is under […]
By John Lee. At its most recent meeting this week, the Iraqi Cabinet has approved the purchase prices for electricity bought from Silver Crescent: Energy purchase tariff on gas: $24.94 per megawatt hour (MWh); Energy purchase tariff on heavy fuel: $32.37 per megawatt hour (MWh); Combined cycle energy purchase tariff: $36.81 per megawatt hour (MWh), […]
By John Lee. Aswar Al-Hadhaba General Trading, Contracting and Transportation has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for, "Supply, Installation and Commissioning of Four Electrical Water Pumps 1 m3/Sec with all Required Accessories in Samawa-Muthanna Governorate." The contract is valued at $464,515.75. (Source: UNGM)
By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq grants investment rights to PMF-linked company for one million palm trees in Samawah Desert Iraqi and US scholars have raised questions about the project's feasibility, accusing the […]
By John Lee. The United Nations (UN) Secretariat has awarded Al Sudoof for general Trading, designs, engineering consultation and digital mapping Ltd. a contract for "Conducting Topographic Survey for Selected Desert Area in Samawa, Al-Muthanna Governorate." The contract value is $47,742. (Source: UNGM)
The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of Iraq to provide a Japanese ODA loan of up to 45,298 million yen [$320,ooo] for the Samawah Water Supply Improvement Project. In order to improve water-supply volume, water quality, and service hours, and to make effective use of water resources, […]
By John Lee. During the opening of the first Iraq Oil Projects Exhibition and Licensing Rounds Conference in Baghdad at the weekend, the Minister of Oil reiterated his claim to have increased Iraq's oil and gas reserves by adding 6 billion barrels of crude oil and 32 billion standard cubic feet of gas. (Oil reserves […]
By John Lee. The Japanese government has reportedly announced the initiation of seven new projects in Iraq, building upon their history of contributions to the nation. Futoshi Matsumoto (pictured), the Japanese ambassador to Iraq, told the state-run Iraqi News Agency (INA) that Japan has successfully executed 30 significant projects over the last two decades, all […]
By John Lee. Pakistan's Lucky Cement Limited has announced a major expansion of its plant in Samawah, Iraq. In a statement to the Pakistan Stock Market today (Thursday), the company said it will add a new clinker production line with a capacity of 1.82 million tons per annum (MTPA). The Najmat-Al-Samawah (NAS) facility is a […]
By John Lee. The Samawah gas depot project in Al-Muthanna Governorate has been opened by Iraq's Minister of Oil, Hayan Abdul-Ghani. The project uses modern technology to provide a large part of the consumption and storage needs for liquid gas in the governorate. Anmar Ali Hussein, General Manager of the Gas Filling and Services Company, […]
By John Lee. The International Finance Corporation (IFC), part of the World Bank Group, has proposed a corporate loan of up to USD65 million to Al Douh Cement, one of the leading producers of cement in Iraq, to finance the company's planned expansion of its production capacity. Al Douh was established in 2008 to meet […]
By John Lee. The Iraqi Cabinet (pictured) has authorised the Minister of Finance to borrow $76 million from the state-owned Trade Bank of Iraq (TBI) to finance the Great Samawa Water Project. (Source: General Secretariat for the Council of Ministers)
