Sri Lanka's Colombo Dockyard PLC (CDPLC) has successfully secured a contract with Toyota Tsusho Corporation (TTC) of Japan to build two vessels; Pilot Station Vessel and Buoy Tender Vessel, for General Company for Ports of Iraq (GCPI). TTC and GCPI signed the Prime Contract on 27th April 2018 in Dubai. Subsequent to the signing of […]
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Abadi visits Japan to Boost Trade
Prime Minister Haider al-Abadi has arrived in Tokyo for discussions with major Japanese industry and government. He met the CEO of Sumitomo Corporation, Kuniharu Nakamura to discuss future projects in Iraq, including the establishment of factories for car manufacturing in Iraq and providing after-sales services. He also met Hiroyuki Ishige, Chairman and CEO of the […]
Iraq Shortlists Candidates for Jordan Pipeline
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
Japan to Lend $1.2bn to Iraq for Port, Refinery
By John Lee. Japan has offered a loans of about 120 billion yen ($1.24 billion) to Iraq to build a new refinery and rebuild a port. Nikkei reports that Japan will initially lend 82.7 billion yen to build a refinery to extract natural gas liquids at the Rumaila oil field, while a second loan of […]
Siemens, Toyota Tsusho Collaborate on Iraqi Electricity
Siemens Turkey and Japan’s Toyota Tsusho are to build 24 electricity distribution centres in Iraq, in a deal worth $81 million. Hurriyet Daily News reported that the two companies signed a deal to join forces in the transformer station project, which have a total capacity of 31.5 megawatts. Siemens will manufacture the products in both […]
Iraq to Spend $1.6bn on Solar, Wind Energy
By John Lee. Iraq plans to invest up to $1.6 billion on renewable energy over the next three years, according to a report from Retuers. The new solar and wind power stations will to add 400 megawatts to the national grid, helping to close the gap between the 8,800 MW produced and the 14,000 MW needed. […]