By John Lee. UK-based global controls technology company Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels (WHCP) to the Basra Oil Company (BOC) for use on the Majnoon Oil Field in southern Iraq. The deal has been arranged through KBR, the Houston based engineering, procurement and construction management […]
Tag Archives | United Kingdom
Tags: Basra Oil Company (BOC), dubai, featured, KBR, Majnoon, mn, Proserv Controls, Scotland, United Arab Emirates (UAE), United Kingdom, United States
UK issues Sanctions against former Governor of Nineveh
By John Lee. The United Kingdom has issued sanctions against a number of individuals, including a former Governor of Nineveh province in Iraq. Nawfal Hammadi Al-Sultan is alleged to have misappropriated public funds intended for reconstruction efforts, and to have improperly awarded contracts and other state property. He is currently serving a five-year prison sentence […]
Video: The Epic Story of a New Museum for Basra
From The British Institute for the Study of Iraq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Epic Story of a New Museum for Basra: Humanity Always Wins The Epic Story of a New Museum for Basra celebrates the completion of the Basrah […]
Tags: Basrah Museum, British Institute for the Study of Iraq, featured, Friends of Basrah Museum, mn, United Kingdom
Privy Innovations to represent Edmundson Export in Iraq
By John Lee. A newly incorporated company called Privy Innovations (PI) is to be the sole representative of UK-based electrical wholesaler Edmundson Export in the Iraqi market (including Iraqi Kurdistan). The new business is headed by Aziz Shwan Ahmed, previously Chief of Staff to Iraq's Deputy Prime Minister, and currently a member of the Advisory […]
Tags: Edmundson Export, featured, Iraq Britain Business Council (IBBC), mn, Privy Innovations (PI), Shwan Aziz, United Kingdom
China to Snap Up Iraqi Oil Assets?
By John Lee. Both BP and Lukoil are reported to be considering quitting upstream oil operations in Iraq. Reuters quotes Iraq's Oil Minister, Ihssan Abdul-Jabbar Ismail, as making the comments during a parliamentary session last week. Last month, BP was said to be planning to spin off its Iraqi operations in Iraq into a separate […]
Iraq Borrows $360m to Reduce Gas Flaring
The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world, helping to improve energy access, prevent associated greenhouse gas (GHG) emissions and support a more resilient, sustainable energy sector in Iraq. BGC is […]
Tags: Bank of China, Basra Gas Company, BGC, China, Citibank, Citigroup, Deutsche Bank, featured, flaring, France, germany, Industrial Commercial Bank of China, International Finance Corporation (IFC), Japan, Mitsui, mn, Natixis, Societe General, Standard Chartered, Standard Chartered Bank, Sumitomo, Sumitomo Mitsui Banking, United Kingdom, World Bank
UK names New Ambassador to Iraq
By John Lee. Mark Bryson-Richardson MBE has been appointed as the new British Ambassador to Iraq, taking over from Stephen Hickey. He will take up his appointment in July. Mr Bryson-Richardson has previously served as Deputy Head of Mission in Baghdad in 2013-14. More here. (Source: UK FCDO)
BP to Spin Off Iraq Operations?
By John Lee. UK-based BP is reportedly considering a plan to spin off its Iraqi operations in Iraq into a separate company. According to Dow Jones, the new company would be jointly owned by the China National Petroleum Corporation (CNPC), BP's partner in the giant Rumaila project. More here. (Source: Dow Jones)
UK, Iraq sign Strategic Partnership
By John Lee. British Foreign Secretary Dominic Raab has met with Prime Minister Kadhimi, President Salih, Foreign Minister Hussein and other high-ranking officials in the Iraqi Government. Foreign Secretary Raab reaffirmed the UK's commitment to Iraq through signing the UK and Iraq's Strategic Partnership. He met commanders from the Global Coalition against Daesh in which […]
Video and Report: IBBC Agritech Zoom Webinar
The IBBC Agritech seminar examined the possibilities and opportunities for a modern agricultural industry in Iraq. Drawing from international NGO insights from the UN's ITC, the World Bank and two of the UK's leading agritech innovation institutions, the distinguished audience heard what technologies and investment are possible for Iraq to embrace. Padraig O'Hannelly, MD of […]
Dr. Rafid Aziz Joins Board of Iraqi Children Foundation
Dr. Rafid Aziz Joins Board of Directors of Iraqi Children Foundation The Iraqi Children Foundation (ICF) is pleased to announce the selection of Dr. Rafid Aziz (pictured), President of the United Iraqi Medical Association in the United Kingdom, to join the ICF Board of Directors. Grant Felgenhauer, ICF Board Chairman, said: "ICF has pledged in […]
Tags: featured, Iraqi Children Foundation (ICF), mn, United Iraqi Medical Society (UIMS), United Kingdom
Petrofac Iraq Revenues Down
By John Lee. Petrofac has announced that for the year ended 31st December 2020, the company had revenues of $238 million in Iraq -- $105 million in engineering and construction, and $133 in engineering and production services. This represented about 6 percent of the company's total turnover, and was down from a total of $325 […]