By John Lee. South Korea’s Daewoo Engineering & Construction has reportedly won an $86 million order to build a prefabrication yard for a tunnel project at the new Al Faw Grand Port in Basra. Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the Khor Al-Zubair immersed tunnel prefabrication […]
Tag Archives | South Korea
Tags: Al Faw Grand Port, Basra News, Daewoo, featured, General Company of Iraqi Ports, korea, mn, Ports, Roads, South Korea
Zubair Oil Production hits 500k bpd
By John Lee. Zubair oilfield has reportedly reached a production level of 500,000 barrels of crude oil per day (bpd). According to Business Korea, Kogas made the announcement on Thursday, adding that its “second-stage goal” is 700,000 bpd. The project is being developed by Eni (32.81%), Kogas (18.75%), Maysan Oil Company (25%), and South Oil […]
Tags: featured, Iraq Oil Production News, KOGAS Iraq News, korea, Maysan Oil Company (MOC), mn, Occidental Petroleum, South Korea, South Oil Company (SOC), Zubair
Daewoo Wins $70m Iraq Order
By John Lee. South Korea’s Daewoo Engineering & Construction has won a US$70.35 million order to build entrance roads for the new Al Faw Grand Port in Basra. Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the 14.5 kilometer-long road by May 2021. Earlier this year, the company […]
Tags: Al Faw Grand Port, Basra News, Daewoo, featured, General Company of Iraqi Ports, korea, mn, Ports, Roads, South Korea
Hyundai wins $2.4bn Desalination Contract
By John Lee. Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq. South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh […]
Tags: Al Basra, Basra News, Basra Oil Company (BOC), desalination, featured, Hyundai, Iraq Oil Production News, korea, mn, South Korea
Iraqi Air Force receives more Korean Fighter Jets
By John Lee. The Iraqi Air Force has received another six new T-50 fighter jets under a contract with Korea Aerospace Industries (KAI). According to previously-released information, Iraq’s T-50 fleet is planned to grow to 24 by early next year. (Source: Iraqi Air Force)
Korean Support helps Stabilize Newly Liberated Areas
The Government of the Republic of Korea and the United Nations Development Programme (UNDP) signed partnership agreement today for USD 5M million to support stabilization and recovery in newly liberated areas in Iraq. Korea’s contribution will be channelled through UNDP’s Funding Facility for Stabilization (FFS) which finances fast-track initiatives in areas retaken from ISIL. This […]
Tags: featured, Funding Facility for Stabilization (FFS), korea, South Korea, UN Development Programme (UNDP)
S Korea wins $500m Deal for Electricity in Iraq
By John Lee. South Korea’s STX Marine Service has reportedly won a contract to restore and operate diesel-fueled electric power plants in Iraq. According to Yonhap, the company said the US$500-million deal will see it four 900-megawatt electricity generation units over five years. It calls for 100 South Korean engineers to be dispatched by STX, […]
S Korea supports UNHCR Humanitarian Activities
Republic of Korea supports UNHCR’s humanitarian activities in Iraq The Government of the Republic of Korea continues its support to UNHCR’s humanitarian activities in Iraq with a new donation of US$ 1.2 million. Despite promising signs of recovery in parts of the country, millions of Iraqis still need comprehensive humanitarian and protection assistance. Some 1.9 […]
UNDP supports Commission of Integrity to Fight Corruption
UNDP support to the Commission of Integrity to fight corruption A technical study visit is currently being organized in Korea by the United Nations Development Programme (UNDP) with support from UNDP Seoul Policy Centre (USPC) for a high-ranking delegation from the Iraqi Integrity commission, to benefit from the Korea’s innovative, well tested-and-proven policy tools to […]
New Power Plant inaugurated in Sulaymaniyah
Kurdistan Regional Government Prime Minister Nechirvan Barzani inaugurated a new power station in Sulaymaniyah. In a speech during the ceremony, Prime Minister Barzani thanked South Korea for helping build the plant, which generates 400 KV electric power. He also said that despite major challenges, the KRG has taken serious steps ahead, and it allocated significant […]
Tags: Electricity In Iraq, featured, Korean National Oil Company (KNOC), KRG, Kurdistan News, POSCO, South Korea, Sulaymaniyah
Iraq Plans to take over Mansuriyah Gas Field
By John Lee. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) as ordered Iraq’s state-owned oil companies to devise an urgent plan to develop the Mansuriyah (Mansouriya) gas field, following what he described as the delay and the failure of foreign companies to start developing the field. The field, in Diyala province, was awarded in […]
Tags: 3rd round oil licences, Diyala, featured, gas production, Iraqi Oil Exploration Company, KOGAS Iraq News, Korea Gas Corporation, Kuwait, Kuwait Energy, South Korea, TPAO, Turkey, Turkiye Petrolleri AO
Hanwha receives $230m Payment for Bismaya
By John Lee. South Korea’s Hanwha Engineering and Construction (E&C) has said it haws received an additional payment of $230 million from the Iraqi government for work carried out in the first half of this year on the Bismayah New City project in Baghdad. According to the report from Business Korea, the total contract is […]