The Iraq Britain Business Council (IBBC) has held an event in partnership with the Royal United Services Institute (RUSI) on ‘The Iraq Election Results: what next for Iraq’s political stability?’. The panel event, in partnership with the Royal United Services Institute gave an initial assessment of the Iraqi election result and commented on the early […]
The UK's Serious Fraud Office (SFO) has brought further charges against two individuals facing trial in relation to the Unaoil investigation. Basil Al Jarah and Ziad Akle have both been charged with conspiracy to give corrupt payments to secure the award of a contract worth US$733 million to Leighton Contractors Singapore PTE Ltd for a […]
By John Lee. Iraq's Heavy Engineering Equipment State Company (HEESCO) has signed deals with three international companies in the oil, petrochemical and the marine industries: UK-based Weir Engineering Services; Czech-based KPS; Egyptian-based Petrojet. The company, established in 1963, has technological capabilities in the design, manufacturing and installation of the engineering equipment, such as the tanks, boilers, […]
Iraq Duty Free has responded to allegations regarding the renewal of its contract to run the duty free concessions at Baghdad and Basra airports in Iraq. According to the statement from its CEO, Ahmed Kamal, the owner of company has not been convicted of "any crime of punishment that deprives the freedom in Iraq." His […]
Iraq Business News has learned of claims that Iraq's anti-corruption bodies are investigating the contract to operate the duty-free shops at Baghdad and Basra airports. Early last year we reported that the Iraqi Civil Aviation Authority (ICAA) and the Ministry of Transport had extended Iraq Duty Free's exclusive contract at the airports by ten years […]
By John Lee. Two companies have won tenders to supply EOD/IEDD search and clearance teams to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with UK-based Optima Defence & Security Group Limited is valued at $6,374,302, while the contract with Ain Alsaker (Falcon Eye) Demining Co. is valued at $3,782,425. (Source: UNGM) […]
By John Lee. The Ministry of Oil has announced that BP has signed a contract to develop the Kirkuk oil fields. According to Reuters, the deal with the North Oil Company (NOC) will see BP will boost output capacity from the six fields in the Kirkuk region to more than 1 million barrels of oil […]
Vulnerable women living in northern Iraq’s refugee camps are being taught how to sew. Paula Horsfall, from Berkshire, United Kingdom, has collected old sewing machines and transported them to Iraq, where skills the women learn keep them off the dangerous streets of the refugee camp and allow them to make money for their families and […]
By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s Fifth Licensing Round: Some Preliminary Considerations After the Auction On the morning and afternoon of April 26, 2018, I participated in a petroleum scholar workshop organized in London by the Association of […]
By John Lee. Having sold its stake in the West Qurna 1 project to Japan’s Itochu, Shell is now said to be "fully committed" to the giant Basra Gas Company (BGC), which captures gas from Iraq's southern oilfields. Frits Klap, managing director of BGC, told Reuters that processing capacity has more than tripled to 938 […]
By Alessandro Bacci. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Alessandro Bacci is an independent energy consultant in relation to business strategy and corporate diplomacy (policy, government, and public affairs). Much of his activity is linked to the MENA region, an area where […]
By Padraig O'Hannelly. At a major Iraqi business event in London on Tuesday, there was a strong sense that Iraq’s perceived risk profile is improving, and that this is an excellent time to do business in the country. Nearly 300 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference at the Mansion House, which focused […]
